According to MRFR, the global commercial aircraft propeller systems market 2020 is poised to grow at approximately 5% CAGR from 2018 to 2025.
Owing to modern aviation and growing demand for commercial aircraft, the governments of different countries are increasing their expenses in the aerospace industry. Governments and suppliers are investing in new technology on the field of commercial aircraft propeller systems, such as 3D printing engine parts and ceramic matrix composite, which are expected to provide opportunities for the development of the demand for commercial aircraft propeller systems. In addition, the rise in demand for lightweight and fuel-efficient aircraft in recent years and also for special light sports aircraft (SLSA) is expected to boost the market for aircraft propeller systems in the coming years. Scientists and technologists have made considerable efforts to develop the quality of the blades used in the aircraft propeller system and to maximize system performance with a view to reducing fuel consumption. In recent years , increasing demand for turboprop engine aircraft for military, civil, and commercial applications is projected to stimulate growth in the market for the aircraft propeller system during the forecast timeframe.
In fact, the aerospace industry has experienced intensified demand and pressure on prices. There are also issues related to rising fuel prices and raw material price changes. It is a threat to the aerospace supply chain, as well as an opportunity. Vendors with a high degree of creativity, accelerated penetration of advanced technologies, and investment in line with the growing demand will benefit from the evolving opportunities and prosper in the long term. There are also numerous factors driving the market, such as growing demand for new aircraft and increasing demand for fuel efficient engines. The introduction of the lightweight and cost-effective propeller part is also the trend towards the growth of the market for commercial aircraft propeller systems.
Nevertheless, aircraft propeller system production costs and Turboprop engine aircraft repair costs are high. In fact, to ensure safe operations, stringent rules and standards were placed on the construction of the blades used in the aircraft propeller system. Such disadvantages are likely in the near term to hinder the development of the demand for the aircraft propeller system.
Component-based segment of commercial aircraft propeller systems is divided into blades, hub, spinners and others. During the projected timeframe the blade section is expected to account for the largest share.
The industrial demand for aircraft propeller systems has been listed as fixed pitch and varying pitch depending on propeller size. During the forecast period the fixed pitch segment is estimated to account for the largest market share.
Due to the growing research and development activities in the area to enhance the quality of the blades used in the aircraft propeller system, North America accounted for the largest market share during the projected period.
Over the projected timeframe, Asia-Pacific will be the fastest-growing market for commercial avion propeller systems. Throughout the years the country has encountered a strong demand for air transport, which has driven more important industry changes. In addition, in this area, each year new airlines are constructing production facilities there, which would have a significant effect on the commercial aircraft propeller systems industry in this country. The strengthening of regional aircraft manufacturing and the the demand for Airbus and Boeing aircraft are further projected to generate an invasion of many other parts producers and suppliers into the APAC market.
The key players in the global commercial aircraft propeller systems market are Hartzell Propeller Inc (US), Mt-Propeller (Germany), Dowty Propellers (UK), Mccauley Propeller (US), Airmaster Propellers (New Zealand), Hélices E-Props (France), Fp Propeller (Italy), Ratier-Figeac (France), Whirlwind Propellers (California), Sensenich Propeller (US), Hercules Propellers (UK), and Aerosila (Russia).
Global Commercial Aircraft Propeller Systems Market: Information by Component (Blade, Hub, Spinner, and Others), by Propeller Type (Fixed Pitch and Varying Pitch), by End Use (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America)—Forecast till 2025 @ https://www.marketresearchfuture.com/reports/commercial-aircraft-propeller-systems-market-1642