In 2023, India's import of reaction engines other than turbo jets was valued at approximately 347,000 USD. Forecasts for 2024 to 2028 indicate a consistent downward trend, with values declining from 330,760 USD in 2024 to 270,030 USD by 2028. This reflects a year-on-year reduction, averaging a decrease rate of approximately 5% annually.
The compounded annual growth rate (CAGR) for the period spanning from 2024 to 2028 is projected to decline annually, underscoring a shift away from dependency on imported reaction engines, possibly in favor of domestic production or alternative technologies.
Future trends to monitor include:
- India's investment in domestic aerospace capabilities and manufacturing could reshape import needs.
- Technological advancements or shifts in aviation policy that may impact the demand for specific types of engines.
- Global trade policies or tariffs that could influence import costs and volumes.