Summary

India, a dynamic and varied country at the nexus of modernity and tradition, has become a major force in the global aerospace industry, particularly in the aircraft engine sector. Combining quick technological breakthroughs with ancient heritage, India's entry into the aircraft industry represents its goal to become a major player in the global aviation industry as well as a means of satisfying domestic demand. India's strategic significance goes beyond its boundaries as the world's second-most populous nation. This is demonstrated by its efforts to become a leader in cutting-edge technologies, such as the creation and production of advanced aviation engines. India's aspirations in the aerospace sector are centered on a thriving and growing industry that is backed by both public and private businesses. Important companies like Bharat Heavy Electricals Limited (BHEL) and Hindustan Aeronautics Limited (HAL) have shaped the country's aviation capabilities by designing, building, and maintaining the engines that power a range of aircraft, including commercial and military jets. India's aircraft industry is distinguished by its dedication to technological innovation, which is demonstrated by its R&D achievements, including breakthroughs in digital technologies, materials science, and propulsion systems. India's dedication to defense readiness and national security is closely linked to the country's aircraft engine industry. The nation has made large investments in the development of domestic military engine technology, which helps its armed forces become self-sufficient. The accomplishments of programs like the Light Combat Aircraft (LCA) Tejas demonstrate India's capacity to develop and produce high-performance engines that are specifically suited to the demands of military aviation. India's civil aviation industry has grown exponentially in the last few years due to the country's expanding middle class, economic prosperity, and growing demand for air travel. Modern, fuel-efficient airplanes have been purchased as a result of this increase in demand, which has increased demand for advanced engines. India's aerospace sector has been actively involved in partnerships with foreign entities, taking part in joint ventures and technology transfer programs that enhance its capabilities in aircraft engine manufacturing.

According to the research report "India Aircraft Engine Market Overview, 2029," published by Bonafide Research, the India Aircraft Engine market is predicted to grow with more than 10.50% CAGR from 2024 to 2029. India's attempts to create eco-friendly technologies are a reflection of its dedication to sustainable aviation. India's aviation engine market is seeing a transition toward environmentally friendly propulsion technologies as a result of increased awareness of climate change and a focus on lowering carbon emissions. India's commitment to striking a balance between economic growth and environmental responsibility is shown in the focus on green aviation, which is in line with international trends. One of the main focal points of India's aerospace accomplishments has been the Light Combat Aircraft (LCA) Tejas, the country's own fighter jet. The Kaveri engine, which powers the LCA, is a representation of India's dedication to producing high-performance engines on its soil. Despite its difficulties, the Kaveri project demonstrates India's commitment to developing sophisticated aviation technologies. An important factor in the creation and manufacturing of aircraft engines is Hindustan Aeronautics Limited (HAL), a well-known aerospace and defense business in India. India's industrial strength in this field is demonstrated by HAL, which has worked on projects ranging from civil aviation to military aircraft engines. Dedicated to the study and advancement of gas turbine technology, especially aircraft engines, the Gas Turbine Research Establishment (GTRE) is a significant institution in India. GTRE has led the way in innovation, advancing aero-engine technology for use in both military and commercial settings. India has been aggressively investigating aircraft technology that is environmentally sustainable. In keeping with the nation's goal of lessening the environmental impact of aviation, "green aviation" emphasizes research into eco-friendly propulsion systems, alternative fuels, and engines that are more fuel-efficient.

Based on type segment market is bifurcated into turbojet engine, turboprop engine, turbofan engine, piston engine, and turboshaft engine. Among them market is majorly dominated by turbofan engine type in India aircraft engine market. Commercial aviation has been expanding significantly in India as a result of growing urbanization, a larger middle class, and more disposable cash. Given their economy and appropriateness for use in commercial aviation, turbofan engines are expected to be in high demand to power the growing number of passenger aircraft. Increased international air traffic to and from India, particularly on lengthy routes, fuel a need for turbofan-powered aircraft. These engines provide the required performance and fuel efficiency for lengthy flights, making them ideal for long-haul flights. Partnerships between foreign engine makers and Indian aerospace industries could impact the availability and uptake of turbofan engines. Advanced turbofan technologies can be introduced to the Indian market through joint ventures and knowledge transfer agreements, potentially contributing to the growth of this engine type. The technology segment is divided into conventional engine and electric/ hybrid engine. Short-haul domestic flights connect India's main cities and towns in considerable numbers. Conventional engines are recognized for their fuel efficiency and appropriateness for shorter flights, especially turboprops. Because of this, they are economical and functionally efficient for airlines that serve the domestic Indian market. India has seen an increase in demand for regional aircraft, which usually have conventional engines. These planes can meet the needs of smaller airports because they are made for shorter journeys. In order to satisfy the unique requirements of this market sector, airlines that operate in the regional space frequently select conventional engines.

The end-user segment of the market includes conventional aviation, military aviation and general aviation. Commercial aviation industries are key end users of aircraft engine in India. Rapid urbanization and economic expansion have occurred in India, increasing discretionary income and the size of the middle class. Because more people can now afford to fly, there is a greater demand for air travel. Passenger traffic drives commercial aviation, which is essential for promoting economic activity and enabling travel and business. Increased competition has resulted from the introduction of new carriers and the expansion of established airlines in the Indian aviation sector. The selection of cutting-edge and fuel-efficient aircraft engines is essential to meeting the objectives of airlines, which are to provide passengers with dependable and efficient services. Based on platform segment market is divided into fixed wing aircraft, rotary wing aircraft and unnamed arial vehicles. The growth of fixed-wing aircraft in India is closely tied to the expansion of the commercial aviation sector. As more people travel by air for business and leisure, airlines invest in expanding their fleets with modern, fuel-efficient, and technologically advanced fixed-wing aircraft. These aircraft, powered by efficient engines, are essential for meeting the increasing demand for air travel. Fixed-wing aircraft, especially commercial airliners, play a crucial role in providing regional and international connectivity. India's economic growth and globalization have led to increased trade, business interactions, and tourism. Fixed-wing aircraft are well-suited for covering long distances and connecting major cities globally, contributing to enhanced economic and cultural exchanges.

Considered in this report:
• Geography: India
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• India Aircraft Engine market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type:
• Turbofan Engine
• Turbojet Engine
• Turboprop Engine
• Turboshaft Engine
• Piston Engine

By Technology:
• Conventional Engine
• Electric/ Hybrid Engine

By End-User:
• Commercial Aviation
• Military Aviation
• General Aviation

By Platform:
• Fixed Wing Aircraft
• Rotary Wing Aircraft
• Unmanned Arial Vehicles (UAV)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Aircraft Engine industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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