Aerospace & Defense Components · Direct
Monitoring · monthlyProcurement Category Intelligence
Turbofan Engines
Overview
Market size
$42.0B
global, USD
CAGR
5.2%
base to forecast
Buyer power
-2.6
supplier-favoured
Suppliers
6
tracked players
Signals
12
1 high severity
Market outlook
2031$54.1B
What changed
Demand by region
North America demand35%
Asia Pacific demand30%
Europe demand20%
Rest of world demand15%
share of global demandtotal 100%
Cost drivers
Raw Materials and Aerospace Superalloys30%
Precision Machining and Assembly Labor25%
Research and Development Amortization20%
Testing Certification and Quality Compliance15%
Logistics and Global Freight10%
share of delivered cost (analyst estimate)