According to Fortune Business Insights™, the global aircraft turbocharger industry was valued at USD 790.3 million in 2023 and is projected to grow from USD 834.7 million in 2024 to USD 1,318.2 million by 2032, at a CAGR of 5.9% during the forecast period. Asia Pacific accounted for the largest share (29.68%) in 2023, underscoring the region’s strong aviation presence and investment in aerospace technologies.
An aircraft turbocharger, commonly known as a “turbo,” is a forced induction device used in internal combustion engines (ICEs). It captures energy from exhaust gases to compress intake air, ensuring a greater volume enters the combustion chamber. This process enhances engine power output without increasing engine size, thereby improving performance and fuel efficiency.
In aviation, turbochargers are particularly valuable for piston engines at high altitudes, where lower air pressure can reduce performance. By compressing thinner air, they enable engines to maintain near sea-level efficiency up to their “critical altitude.” Above this limit, effectiveness gradually decreases, but turbochargers still extend performance considerably—making them vital for both commercial and military aircraft.
The aviation industry is undergoing rapid modernization, with airlines seeking cost-effective and fuel-efficient aircraft. This shift is boosting demand for electric aircraft, advanced propulsion systems, and ultralight models. The push for efficiency reflects not only cost pressures but also regulatory and environmental demands, as consumers and governments prioritize sustainable aviation.
The market is being reshaped by advancements such as intercooled turbochargers and electric turbochargers (E-Turbos).
https://www.fortunebusinessinsights.com/aircraft-turbocharger-market-111198