According to Fortune Business Insights™, the global aircraft turbocharger market size 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, exhibiting a CAGR of 5.9% during the forecast period. In 2023, Asia Pacific accounted for the largest market share at 29.68%, highlighting the region's strong presence in the global aviation sector.
Aircraft turbochargers, commonly referred to as “turbos,” are forced induction devices used in internal combustion engines (ICEs), including aircraft propulsion systems. These systems utilize energy from exhaust gases to compress the intake air, increasing the volume of air entering the engine’s combustion chamber. This process enhances engine power output without increasing the engine’s physical size, thereby improving fuel efficiency and performance critical considerations in both commercial and military aviation sectors.
Key Players in the Global Market
Information Source:
https://www.fortunebusinessinsights.com/aircraft-turbocharger-market-111198
Market Segmentation
By Platform:
The market is segmented into heavyweight aircraft and lightweight aircraft. The heavyweight aircraft segment holds the largest share of the global market and is expected to grow at the fastest pace during the forecast period. This growth is driven by increasing air travel, rising demand for long-haul aircraft, and a strong focus on fuel efficiency. Technological advancements and the need for high-performance engines further support the expansion of this segment.
By Turbocharger Type: