A paradigm shift is underway in aircraft powerplants as electrification and hydrogen/fuel cell technologies advance rapidly. The industry is witnessing breakthroughs in energy density, power electronics, and thermal management, making electrification a tangible reality. Digital transformation is reshaping aircraft economics by reducing downtime and costs through predictive maintenance and additive manufacturing. Regulatory changes are pushing for low-carbon alternatives, while supply chain resilience becomes a key focus for industry players. The introduction of new U.S. tariffs in 2025 is reshaping the economics of importing propulsion components, prompting manufacturers to reevaluate sourcing strategies and explore domestic production. The tariff landscape is also influencing R&D priorities, with firms investing in local capabilities and partnerships to navigate trade barriers. Regional dynamics are pivotal in propulsion technology adoption, with different regions emphasizing various technologies based on policy incentives and market demands. Leading industry players are leveraging technology portfolios and alliances to establish competitive positions, with hybrid electric propulsion and open rotor concepts leading the way in innovation.