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Next-Gen Aircraft Propulsion System Market - A Global and Regional Analysis

Focus on Propulsion Type, End User, Component, and Country - Analysis and Forecast, 2025-2035

 
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The next-gen aircraft propulsion system market is expected to grow at a CAGR of 18.11% during the forecast period from 2025-2035.

Technology trends influencing the market include advancements in battery technology, effect of bio and sustainable fuels on aviation industry, and NASA’s developments on next-gen aircraft propulsion systems.

Factors driving the growth of the market include potential for aircraft electric propulsion to reduce carbon emission, increasing interest in the ability to reach higher speeds, and integration of next-gen propulsion systems can lead to low operational costs.

The propulsion type used under the next-gen aircraft propulsion system include all-electric propulsion, hybrid-electric propulsion, turboelectric propulsion, scramjet and ramjet propulsion, hydrogen propulsion, and solar propulsion.

Some of the key companies operating in the market Airbus S.A.S, Rolls-Royce Holdings plc., Boeing Co, Cranfield Aerospace Solutions 3W International GmbH, General Electric Company, GKN Aerospace Service Limited, Honeywell International Inc., Leonardo S.p.A., Lockheed Martin Corporation, MagniX, Rolls-Royce Holdings plc., Safran S.A., Siemens AG, The Raytheon Company, and Israel Aerospace Industries

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