Aircraft Turbofan Engine Market Share, Key Players Of Industry and Share By 2027

Thomassmith17 Feb, 2023News

Growing air traffic in the APAC region due to a rise in disposable income, urbanization, and growing middle class demographic has translated high demand in the Aircraft Turbofan Engine Market Share. The emerging economies of the region are investing heavily on the procurement of turbofan engines to meet the capacity requirements of the burgeoning population. Moreover, the growing demand for fuel-efficient aircraft and a heightened focus on energy efficiency has further boosted the growth of the market in the APAC. Moreover, India and China have initiated the development of various fighter aircraft programs which call for the procurement of Aircraft Turbofan Engine Market Share.