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New report examines the aircraft turbofan engine market to cross USD 42,000 million by 2023

Automotive and Transportation Market Research

Global Aircraft Turbofan Engine Market Information Report by Aircraft Type (Narrowbody, Widebody, and others) by Application (Commercial air transport and military aviation), and by Regions (Americas, APAC, and EMEA) - Global Forecast To 2023

The Global Aircraft Turbofan Engine Market is expected to reach over USD 42,000 million by the end of 2023, growing at a CAGR of about 6%, According to a research report published by Research Cosmos.

Browse details of 98 pages research report on Global Aircraft Turbofan Engine Market @…7-2023/2048215868 Make an Inquiry about this news

Growing environmental awareness among individuals across the globe has been pushing the aircraft engine manufacturers to shift their focus towards efficiency. Manufacturers are focused on the production of aircraft engines that significantly curb carbon emissions and are fuel efficient at the same time.

Of late, the manufacturers employ the application of composites on fan blades and other components, which results in reduction in the weight of engines to up to 1,000 pounds on average.