The aircraft turbocharger market size was valued at USD 790.3 million in 2023 and is expected to be worth USD 834.7 million in 2024. The market is projected to reach USD 1,318.2 million by 2032, recording a CAGR of 5.9% during the forecast period.

A turbocharger, simply called a ‘turbo’, refers to a forced induction device that is utilized in Internal Combustion Engines (ICEs), including those used in aircraft. It harnesses the energy from exhaust gases to compress the intake air and boosts the amount of air entering the engine’s combustion chamber. This process enables the engine to generate more power without the need to increase its size. The increasing amount of air traffic is one of the key factors propelling the sales of aircraft turbochargers.

Fortune Business Insights™ displays this information in a report titled, "Aircraft Turbocharger Market Size, Share, Growth, Forecast, 2024-2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• ABB Ltd. (Switzerland)
• Airmark Overhaul, Inc. (U.S.)
• BorgWarner Inc. (U.S.)
• General Electric Company (U.S.)
• Hartzell Engine Technologies LLC (U.S.)
• Honeywell International Inc. (U.S.)
• Kawasaki Heavy Industries, Ltd. (Japan)
• PBS Group, A.S. (Czech Republic)
• Rajay Parts LLC (U.S.)
• Victor Aviation Service, Inc. (U.S.)

Information Source: https://www.fortunebusinessinsights.com/aircraft-turbocharger-market-111198

Segmentation:

Increasing Demand for Fuel-Efficient Engines and Rise in Air Travel Boosts Adoption of Heavyweight Aircraft

Based on platform, the market is segmented into heavyweight aircraft and lightweight aircraft. The heavyweight aircraft segment has held the largest market share due to various factors, such as rising demand for fuel-efficient engines, increase in air travel, and constant introduction of advanced technologies.