Global Aircraft Turbofan Engine Market size was

The global aircraft turbofan engine market size was valued at USD 110.26 billion in 2025. The market is projected to grow from USD 114.78 billion in 2026 to USD 170.49 billion by 2034, exhibiting a CAGR of 5.1% during the forecast period.

Aircraft Turbofan Engine Market refers to technology military forces use for precise positioning and navigation, usually GPS and other satellite systems. This technology is critical to ensuring that military operations are carried out effectively. Whether it is the movement of troops, specifying the opposing position, or searching for critical infrastructure.

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The Major Key Market Players Covered in this Report:

• GE Aerospace (U.S.)
• Pratt & Whitney (U.S.)
• Rolls-Royce (U.K.)
• Safran (France)
• CFM International (U.S.)
• MTU Aero Engines (Germany)
• Honeywell Aerospace (U.S.)
• IHI Corporation (Japan)
• Kawasaki Heavy Industries (Japan)
• Aviadvigatel (Russia)

The global push toward sustainable aviation is creating significant opportunities for turbofan engine innovation. Manufacturers are investing in hybrid-electric propulsion, hydrogen-fueled engines, and advanced materials to enhance performance while reducing carbon footprint.

Market Overview

• Aircraft Turbofan Engine Market play a critical role in ensuring precise positioning, navigation, and timing (PNT) across military operations.
• These systems are widely used in airborne, naval, land, and space-based defense platforms.