The sales of aircraft engines and engine parts in the US have shown a steady upward trend over the past decade. From 2013 to 2023, there has been an overall increase in value, with 2023 standing at $46.887 billion. Year-on-year growth has varied, experiencing a dip in 2020 but then rebounding with significant growth in 2022. The Compound Annual Growth Rate (CAGR) over the last five years has averaged 2.23%, indicating steady growth. Forecasted data from 2024 through 2028 suggest continued growth with a predicted 5-year CAGR of 1.59% and an overall growth rate of 8.18% by 2028.

Future trends to watch for include:

Technological advancements in engine design leading to more efficient engines.
Potential market shifts due to changes in environmental regulations and the push for greener aviation solutions.
Impact of global economic conditions on airline fleet expansion and updates.