Aircraft Propeller System Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2026


Posted June 6, 2022 by SandeepRoy

The Aircraft Propeller System market size is forecasted to grow from an estimated USD 308 million in 2021 to reach USD 414 million by 2026, at a CAGR of 6.1% from 2021 to 2026.
 
The report "Aircraft Propeller System Market By Type (Fixed Pitch, Variable Pitch), Component (Blade, Spinner, Hub), Engine (Conventional, Hybrid & Electric), Platform (Civil, Military), End Use (OEM, Aftermarket), & Region - Forecast to 2026", size is forecasted to grow from an estimated USD 308 million in 2021 to reach USD 414 million by 2026, at a CAGR of 6.1% during the forecast period.

Browse 215 market data Tables and 37 Figures spread through 201 Pages and in-depth TOC on "Aircraft Propeller System Market - Forecast to 2026"

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=242092633

The growth of this market can be attributed to the increasing demand for lightweight and fuel-efficient aircraft from the Middle East, Asia Pacific, and Africa. The increasing adoption of unmanned aerial vehicles in the military sector is further expected to drive the demand for aircraft propeller systems, especially from emerging economies such as India and China. However, high costs associated with the R&D of new technologies and the formulation of stringent norms to regulate the production and development of aircraft propeller systems inhibit the market growth across the globe.

Based on end use, the aircraft propeller system market has been segmented into OEM (Original Equipment Manufacturer) and aftermarket. The OEM segment is estimated to account for a share of 51.9% of the aircraft propeller system market, by end use, in 2021. The development of next-generation aircraft propeller systems is one of the most significant factors driving the growth of the aircraft propeller system market across the globe. Increased automation of flight operations, technological advancements in the aviation industry, and its expansion across the globe are additional factors expected to fuel the growth of the aircraft propeller system market during the forecast period.

Based on the component segment the blade segment is projected to grow at a higher CAGR. The demand for propeller blades, which provide the thrust required for an aircraft to fly, is more than any other component in aircraft propeller systems. Various aspects are taken into consideration while manufacturing propeller blades that include material used to manufacture blades, their size and weight, and the number of blades being manufactured. Thus, these parameters and technical complexity involved in developing propeller blades result in their high costs

“The aviation industry in the North American region has been witnessing significant growth over the past few years. It is one of the most profitable industries in this region. Major aircraft manufacturers such as Boeing (US) and Bombardier (Canada) are also based in this region. The growth of the aircraft propeller system market in the North American region is expected to be fueled by an increase in the number of deliveries of medium and small-size turboprop engine and piston engine airplanes during the forecast period. Technological advancements in the field of turboprop engine and piston engine aircraft have led to improvements in the operational capacities of these aircraft to takeoff, balance, and land, thereby increasing their applicability in both, commercial as well as military sectors.

Moreover, turboprop engine aircraft with aircraft propeller systems are fuel-efficient with improved maneuvering capacities, thereby leading to increased demand for aircraft propeller systems in the North American region. In addition, advancements in propulsion technologies and designs of aircraft have also contributed to the growth of the North America aircraft propeller system market. The growing demand for turboprop engine aircraft for civil & commercial applications and their increasing utility in the defense sector for carrying out persistent transport and surveillance activities are additional factors influencing the growth of the North America aircraft propeller system market. North America has a high proportion of consumer spending in the world, leading to increased demand for air travel from the region.

Key Market Players

Major players operating in the aircraft propeller system Hartzell Propeller, Inc. (Hartzell Propeller) (US), MT-Propeller Entwicklung GmbH (MT-Propeller) (Germany), and Dowty Propeller (UK) are the largest providers of aircraft propeller systems in the North American and European regions.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=242092633



About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr.Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By marketsandmarkets
Country Japan
Categories Aerospace , Business , Industry
Tags aircraft propeller system market
Last Updated June 6, 2022