Forecast: Import of Reaction Engines Other Than Turbo Jets to India

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.

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