Industry Background:
The global aircraft engine blade market is expected to grow at a significant rate during the forecast period, according to the AMA study. The rising global aircraft production fleet and growing demand from periodic maintenance of aircraft engines are some of the major factors aiding into the growth of the market. In addition, the introduction of high-power new-generation efficient engines is another major factor aiding into the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | CFM International (United States), GKN Aerospace Services Limited (United Kingdom), Safran (France), Rolls-Royce plc (United Kingdom), GE (United States) and United Technologies Corporation (United States) |
This growth is primarily driven by Rising Global Aircraft Production and Fleet and Growing Demand from Aftermarket Owing to Requirement of Periodic Maintenance of Aircraft Engines.
Globally, a noticeable market trend is evident Growing Adoption of Composite Engine Fan Blades for Maintain High strength-to-weight Ratio During the Performance of Aircraft The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as CFM International (United States), GKN Aerospace Services Limited (United Kingdom), Safran (France), Rolls-Royce plc (United Kingdom), GE (United States) and United Technologies Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The vendors in this market are majorly focusing on the development & manufacturing of new & innovative products in order to remain competitive in the global market. For instance, February 2018, Safran and Albany announced that they have jointly launched the opening of a third manufacturing plant for the production of composite fan blade production for LEAP aircraft engines
Key Developments in the Market:
In July 2018, GKN Aerospace announced that it has opened a new MRO & research facility for aero-engine component repair & research in the state of Johor in Malaysia.
In February 2020, Rolls-Royce announced that it has started the manufacturing of world's largest fan blades for its Ultrafan demonstrator engine which now has the composite fan blades of a 140-inch diameter which is almost the size of a current narrow-body fuselage
Influencing Trend:
Growing Adoption of Composite Engine Fan Blades for Maintain High strength-to-weight Ratio During the Performance of Aircraft
Market Growth Drivers:
Rising Global Aircraft Production and Fleet and Growing Demand from Aftermarket Owing to Requirement of Periodic Maintenance of Aircraft Engines
Challenges:
Melting of Metallic Engine Blades at High Operational Temperature
Restraints:
Failure of Metallic Blades Can Lead to Engine Stall and can Cause Fatal Accidents During the Flight
Opportunities:
Expected Deliveries of more than 38,000 Commercial Aircraft During the Next 20 Years
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aircraft Engine Blade Market
- Analysis about New Entrants in Aircraft Engine Blade Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aircraft Engine Blade Study Sheds Light on
The Aircraft Engine Blade Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aircraft Engine Blade industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Engine Blade industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.