Jet Engines Market Analysis, Size, Share, Growth, Trends, and Forecasts by 2031

Global jet engines market was valued at $ 68.5 billion in 2022 and is likely to reach $ 136 billion by 2032, registering a CAGR of 7.0% over the forecast period of 2023-2032. Jet engines, also known as gas turbines, are propulsion devices that generate thrust by expelling high-velocity exhaust gases. These engines operate on the principle of Newton\'s third law of motion: for every action, there is an equal and opposite reaction. Air is drawn into the engine, compressed, mixed with fuel, ignited, and then expelled at high speed through a nozzle. This rapid expulsion creates forward thrust, propelling aircraft forward. Jet engines are vital components in aviation, powering various types of aircraft, including commercial airliners, military jets, and private planes. They play a crucial role in modern transportation, enabling rapid travel across vast distances.