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Aerospace and Defense Propulsion System Market Share

Report ID: GMI6762
Published Date: Sep 2023
Report Format: PDF

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Aerospace and Defense Propulsion System Market Share

Major players operating in the aerospace and defense propulsion system market are

3W International Gmbh
Aero Engine Corporation of China
CFM International
General Electric Company
GKN Aerospace
Honeywell International
Lockheed Martin Corporation
MTU Aeroengines
Northrop Grumman
Orbital ATK
Raytheon Technologies
Rolls-Royce Holdings
Safran S.A
United Technologies

These players heavily invest in research to introduce innovative products & services and garner the maximum market revenue.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Aerospace and defense propulsion system industry size was USD 260.4 billion in 2022 and may witness over 6.5% CAGR from 2023 to 2032 due to the rising rate of global defense spending.

The unmanned aerial vehicles (UAVs) application segment held over 15% share of the aerospace and defense propulsion system industry in 2022 owing to growing usage in surveillance, reconnaissance, and cargo delivery

The air-breathing type recorded over 70% revenue share of the aerospace and defense propulsion system market in 2022 and will observe over 6% CAGR from 2023 to 2032 due to wide application scope in military fighter aircraft and commercial airliners

North America held over 30% share of the aerospace and defense propulsion system industry in 2022 due to the swift expansion of commercial space activities driven by private companies, such as SpaceX and Blue Origin