
The aircraft engines market is highly concentrated market, with few small and medium players in the global market. Whereas, prominent market share is being occupied by the top 20 to 30 players in the global aircraft engines market. Furthermore, air pollution caused by the exhaust fumes generated after the combustion of fuel in aircraft engines is a pressing concern acknowledged by government bodies across various economies. Hence, aircraft engines manufacturers are striving to manufacture fuel efficient and less polluting engines.