PUBLISHER: The Business Research Company | PRODUCT CODE: 1760179
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760179
Military aircraft engines are propulsion systems specifically designed and built to power various military aircraft, such as fighter jets, transport planes, and surveillance aircraft. These engines are engineered for high performance, durability, and reliability, especially under extreme operational conditions such as combat and tactical missions.
The main types of military aircraft engines include turbofan engines, turboprop engines, turbojet engines, and turboshaft engines. Turbofan engines, a popular jet engine variant, use a large front fan to enhance efficiency by mixing bypassed air with traditional jet thrust. Key components of these engines include the compressor, turbine, combustion chamber, and afterburner. Military aircraft engine technologies range from conventional and hybrid systems to emerging electric engines. These engines are utilized in various applications, such as fighter jets, transport aircraft, helicopters, bombers, reconnaissance planes, tanker aircraft, and unmanned aerial vehicles (UAVs).
The military aircraft engines market research report is one of a series of new reports from The Business Research Company that provides military aircraft engines market statistics, including the military aircraft engines industry's global market size, regional shares, competitors with the military aircraft engines market share, detailed military aircraft engines market segments, market trends and opportunities, and any further data you may need to thrive in the military aircraft engines market. This military aircraft engines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The military aircraft engines market size has grown steadily in recent years. It will grow from $17.78 billion in 2024 to $18.50 billion in 2025 at a compound annual growth rate (CAGR) of 4.0%. The growth during the historic period can be attributed to factors such as the increasing demand for unmanned aerial vehicles, the rising adoption of stealth and supersonic aircraft, the growing need for multi-role combat aircraft, high environmental and regulatory pressures, and a stronger focus on fuel efficiency and environmental sustainability.
The military aircraft engines market size is expected to see steady growth in the next few years. It will grow to $21.46 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. In the forecast period, growth can be attributed to rising defense budgets, a growing need for advanced propulsion technologies, increased government contracts and support, military modernization programs, and escalating geopolitical tensions. Key trends in the forecast period include advancements in engine materials and coatings, technological progress in thrust vectoring systems, the development of adaptive cycle engines, the integration of digital engine control systems, and the development of hybrid-electric propulsion systems.
The increasing defense budgets are expected to drive the growth of the military aircraft engines market. Defense budgets refer to the financial allocations made by governments to support military and defense activities, including personnel, equipment, and operational expenses. These budgets are rising due to growing geopolitical tensions, prompting nations to enhance military readiness and modernize their defense capabilities. Higher defense spending often leads to more orders for advanced fighter jets, transport aircraft, drones, and helicopters, all of which require powerful, reliable engines. This surge in demand drives the need for both new engines and replacement parts. For instance, in April 2025, the Stockholm International Peace Research Institute, a Sweden-based independent international organization, reported that U.S. military expenditure reached \$997 billion in 2024, marking a 5.7% increase from 2023. As a result, the rise in defense budgets is contributing to the growth of the military aircraft engines market.
Companies in the military aircraft engines market are focusing on developing innovative technologies such as supersonic ramjet engines to improve speed, maneuverability, and mission effectiveness in next-generation combat aircraft. A supersonic ramjet engine, or scramjet, is an air-breathing jet engine that allows combustion at supersonic speeds, enabling aircraft to achieve hypersonic speeds above Mach 5. For example, in February 2025, Hyprix, an India-based defense and aerospace company, unveiled Tezz, a liquid-fueled engine designed for high-speed military applications, including next-generation missiles and advanced aerial platforms. Developed in just five months, Tezz highlights India's private sector capabilities in advanced propulsion technology and aligns with the country's strategic goals for defense self-reliance. The successful development and testing of Tezz not only demonstrate Hyprix's technological expertise but also signify a broader shift toward indigenous solutions in high-speed aviation and defense systems.
In April 2024, Royal Air Maroc, a Morocco-based airline, entered into a partnership with Safran S.A. to improve its aircraft engine maintenance services and optimize fleet performance. Through this partnership, Royal Air Maroc aims to boost fleet efficiency and reliability with advanced engine maintenance solutions, lower operational costs, and reinforce safety and performance standards by leveraging Safran's technical expertise. Safran S.A., a France-based company, specializes in the design, development, and manufacturing of engines, equipment, and systems for aircraft, helicopters, and space vehicles.
Major players in the military aircraft engines market are Avio S.p.A, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., GE Aerospace, Pratt & Whitney, Rolls-Royce Holdings plc, Kawasaki Heavy Industries Ltd., IHI Corporation, Israel Aerospace Industries Ltd., Williams International Co. LLC, Safran Aircraft Engines, PBS Velka Bites a.s, Ivchenko-Progress SE, EuroJet Turbo GmbH, Klimov JSC, MTU Aero Engines AG, Motor Sich JSC, NPO Saturn, Chengdu Engine Group Co. Ltd., Xian Aero Engine Corporation
North America was the largest region in the military aircraft engines market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in military aircraft engines report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the military aircraft engines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The military aircraft engines market consists of sales of piston engines, ramjet engines, and scramjet engines. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Military Aircraft Engines Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on military aircraft engines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for military aircraft engines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The military aircraft engines market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.