The new airlines are installing new, fuel-efficient and lightweight turbofan engines

For those who are unfamiliar, the aircraft engines market is segmented based on engine type into turboprop, turbofan, turboshaft, and piston engine.

According to Research and Markets, the turbofan segment is estimated to be largest application segment of the aircraft engines market.

Based on application, the commercial segment is estimated to account for the largest share of the aircraft engines market in 2017. The rising number of commercial aircraft deliveries is projected to drive the aircraft engines market.

The firm also reveals that, Asia-Pacific region is projected to be the fastest-growing aircraft engines market during the forecast period.