Aircraft Propeller System Market is expected to reach USD 524.1 Million by 2026 from USD 286.4 Million in 2016 at a CAGR of 6.23% (Detailed analysis of the Aircraft Propeller System Market CAGR is provided in the report). Thrust is the force that moves the aircraft through the air it is generated by the propulsion system of the aircraft. A propeller is one of the propulsion systems for aircraft. The propeller consists of two or more blades together connected to the hub that is further connected to the engine shaft. A slighter complex design and minimal moving parts of the propeller engine compared to high bypass turbofan engines is its main advantage that is driving its adoption rates in the aircraft industry. The Aircraft Propeller System Market based on propeller type has been segmented into fixed pitch and varying pitch propellers. The Aircraft Propeller System Market based on aircraft type, the civil & commercial aircraft is expected to be one of the major contributors to the market growth. Different types of utility aircraft are equipped with the recent and advanced propeller systems because of short take-off distance required by them, along with enhanced cruising speed and control. Propeller-based aircraft offer excellent lifting capabilities and they highly fuel efficient. The blades segment based on the component is expected to hold one of the largest market shares for aircraft propeller system during the forecast period. An increasing use of composites to manufacture propeller blades. The hubs segment of the aircraft propeller system is projected to grow at a high CAGR during the forecast period. Geographically, the aircraft propeller system market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to be one of the largest markets for aircraft propeller system. Asia Pacific is expected to grow at a high CAGR during the forecast period. This is due to the increasing demand for lightweight and fuel-efficient aircraft. However, high costs of manufacturing aircraft propeller systems and increasing maintenance costs of turboprop engine aircraft act as challenges for the market growth. The years that have been considered for the study are: • Base year – 2016 • Estimated year – 2017 • Forecast period – 2016 to 2026 Key Highlights: • Aircraft propeller system market analysis and forecast, in terms of volume and value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the aircraft propeller system market. • Aircraft propeller system market segmentation on the basis of aircraft type, propeller type, component, end-use industry, and geography (country-wise) has been provided. • Aircraft propeller system market strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of the study. • Aircraft propeller system market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the aircraft propeller system market are also profiled. Research Methodology: Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about aircraft propeller system market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the aircraft propeller system market globally.
The key players operating in the aircraft propeller system market include
• Hartzell Propeller (US) • Dowty Propellers (UK) • Airmaster Propellers (New Zealand) • MT-Propeller (Germany) • McCauley Propeller Systems (US) • FP Propeller S.r.l. (Italy) • Ratier-Figeac (France) Key Target Audience • Manufacturers and Suppliers of Aircraft Propeller System Components • Subsystem Manufacturers • Original Equipment Manufacturers (OEMs) • Ministry of Defense of Different Countries • Aftermarket Operators • Technology Support Providers • Global Aviation Industry • Scientific Research Centres
The scope of the Report:
The research report segments the aircraft propeller system market based on aircraft type, propeller type, component, end-use industry and geography Aircraft Propeller System Market, by Aircraft Type: • Military Aircraft • Civil & Commercial Aircraft Aircraft Propeller System Market, by Propeller Type: • Fixed Pitch Propeller • Varying Pitch Propeller Aircraft Propeller System Market, by Component: • Blades • Hubs • Spinners • Others Aircraft Propeller System Market, by End-use Industry: • Original Equipment Manufacturer (OEM) • Aftermarket (Aircraft Type and Solution) Aircraft Propeller System Market, by Geography: • North America • Europe • Asia Pacific • Middle East & Africa • Latin America
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