, /PRNewswire/ -- The global commercial aircraft gas turbine engine market size is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 26.05% during the forecast period.
For comprehensive forecast and historic data on regions, market segments, customer landscape, and companies- Ceramic-matrix composites (CMCs) are lighter and capable of higher operating temperatures than nickel superalloys, making them valuable in gas turbine engines. CFM International's LEAP engines, which use CMC-coated products, can operate efficiently at 2,400 degree F. This innovation is expected to boost engine efficiency through reduced cooling air requirements or lower fuel consumption.
CFM's success with LEAP engines may lead to increased orders and wider CMC adoption in the commercial aircraft gas turbine engine market. The Commercial Aircraft Gas Turbine Engine market is experiencing significant growth, driven by increasing demand for air travel and advancements in engine technology. Key players in this industry include manufacturers of carbon fiber components, materials for high-temperature applications, and providers of maintenance, repair, and overhaul services.
Trends include the use of 3D printing for engine parts, the development of more fuel-efficient engines, and the integration of digital technologies for predictive maintenance. The market is also seeing an uptick in the adoption of electric and hybrid engines, as well as the imp.