Global Commercial Aircraft Turbofan Engines Market 2019-2038

Global Commercial Aircraft Turbofan Engines Market 2019-2038

The Global Commercial Aircraft Turbofan engines market has been in the super-cruise mode propelled by one of the longest aviation super-cycle being driven by strong tailwinds with strong demand drivers and favorable macroeconomic factors. The engine manufacturers, buoyed by the huge order backlog & visibility of order book positions, are ramping up production output to meet delivery timelines with some transitioning from the production of previous generation engines to latest engine programs. The same is likely to translate into significant top-line growth for the industry over the next decade.

Next-generation aviation turbofan engines, featuring a high bypass ratio and extensive usage of technological innovations from the competing engine powerhouses have just entered service over the recent years, are proving their mettle in grueling, active duty service and are likely to form a major chunk of new deliveries over medium term given the composition of order backlog across aircraft OEMs.

The grounding of the global Boeing 737MAX aircraft family fleet, however, remains the top concern for Boeing as well as the suppliers and the airline groups having exposure to the 737MAX program with the global fleet likely to be airborne and resume service only from November 2019 which has disrupted schedules and has impacted numbers across the board. 2019, however, is turning out to be another good year for commercial aviation with reference to the order intake wave which has showed no significant signs of abating at the Paris Air Show 2019 with both Boeing & Airbus booking decent orders from airline customers with the latest A320XLR from Airbus being the showstopper and posing further questions for Boeing to answer with Boeing required to take a well-calculated call on its NMA decision on priority while grappling with & sorting out the 737MAX crisis.

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