Technavio reports that the aircraft engine compressor market is to grow by $11.73 billion from 2023 to 2028, driven by an increase in aircraft deliveries. This growth rate is largely attributed to the increased demand for new aircraft engines amidst a surge in air traffic and aviation expansion in key economic countries.
Delving into the reasons behind this significant growth, According to a Cision's PR Newswire article, the primary driving factor in the growth of the aircraft engine compressors market is an increase in aircraft deliveries. With multiple new low-fare business models and cheaper carriers and regional airlines, the industry for aircraft deliveries is experiencing substantial change. Especially in key economic countries like China, Russia, India, Indonesia, and the US, air traffic and delivery will be increasing greatly, increasing the demand for aircraft needed. Likewise, many commercial airlines have been forced to implement new aircraft because of a growing trend in air traffic.
Moving onto why these compressors are critical components of aircraft engines, According to Blazing Trails, aircraft engines need to have compressors because of the large amount of air that they intake through their inlet. Behind this section is a compressor that takes the air coming in through the inlet and compresses it by raising the psi from standard atmospheric pressure to around 70 psi and increasing the velocity substantially, from around 200 mph to almost 700 mph. The role of the compressor is to increase the pressure of the incoming air because it is combusted.
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