Data Tool: The Future Of IAE V2500 Engine
International Aero Engines (IAE), a multinational joint venture between Pratt & Whitney, Pratt & Whitney Aero Engines International, Japanese Aero Engine Corp. and MTU Aero Engines, recently celebrated the 40th anniversary of its V2500 engine production program.
According to Aviation Week’s 2023 Fleet & MRO Forecast, there are about 5,286 V2500 engines in service currently, among which 5,260 are V2500-A5 engines and 26 are V2500-A1 engines. The data below shows the gradual decline in the engines entering into service over the next decade.
According to the data, there will not be a significant increase in the engine retirements over the next five years. Beyond then, we will see the gradual increase in the retirements of the V2500 engine family.
It is forecast that, over the next decade, the IAE- manufactured V2500 engine type will represent a value of $72.8 billion in MRO spending. Over the next 10 years, the engine type will see a total of more than 7,800 shop visits related to engine overhaul and 3,142 related to engine LLP services. The data above illustrates the spike in engine shop visits in 2025, with1,400 shop visits.
The data illustrates that, in 2023, V2500 engines will see an average of about 15.9 million hours, which is expected to increase for the next three years. Beyond that, the data shows the gradual decline in the engine hours.
Source: Aviation Week Intelligence Network Commercial Aviation 2023 Fleet & MRO Forecast