Industry Background:
Aero-engine fan blade spin to accelerate the mass o air into the engine for generating the thrust that helps in propelling aircraft forward. The fan blade produces approx 80% of the thrust for the modern jet engine which helps in the high accuracy and higher operation efficiency offering safety and productivity in aircraft operation. There are three types of aero-engine namely turbofan aero-engine, turboprop aero-engine, and turbojet aero-engine, and based on the engines its fan blades vary.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Hexagon AB (Sweden), Arconic Corporation (United States), CFM International (United States), Raytheon Technologies Corporation - Pratt & Whitney (United States), GE Aviation (United States), IHI Corporation (Japan), Rolls-Royce Holdings plc (United Kingdom), Safran S.A. (France), GKN Ltd (United Kingdom) and MTU Aero Engines AG (Germany) |
This growth is primarily driven by Need for Safety, Operational Efficiency and Productivity in Aircrafts and Demand for the High Accuracy Measurement to Ensure the Fan Blades Aerodynamic Efficiency in Aircrafts.
Globally, a noticeable market trend is evident Advanced Fan Blade Technology in the Aircraft Engine Major Manufacturers, such as Hexagon AB (Sweden), Arconic Corporation (United States), CFM International (United States), Raytheon Technologies Corporation - Pratt & Whitney (United States), GE Aviation (United States), IHI Corporation (Japan), Rolls-Royce Holdings plc (United Kingdom), Safran S.A. (France), GKN Ltd (United Kingdom) and MTU Aero Engines AG (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Aero Engine Fan Blade is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Key Developments in the Market:
In May 2022, StandardAero acquired EB Airfoils, a specialist in fan blades. Founded in 1976, EB Airfoils has two facilities in Palm City, Florida. The company occupies 20,000 square feet throughout its FAA and EASA-certified stores and employs approximately 50 people.
On 29th March 2021, Rolls-Royce has officially started building the world’s largest aero-engine, UltraFan, which will help redefine sustainable air travel for decades to come. Work on the first module is underway at our dedicated DemoWorks facility in Derby, UK, and the demonstrator engine, which has a fan diameter of 140 inches, will be completed by the end of the year. The engine is the basis for a potential new family of UltraFan engines able to power both narrowbody and widebody aircraft and deliver a 25% fuel efficiency improvement compared with the first generation of Trent engine
Regulatory Insights:
"NASA has long been working with the FAA and the aviation industry to improve technologies for containing broken fan blades and preventing damage like that which killed a Southwest Airlines passenger. Keith Button looks at a research project that could help prevent future tragedies."
Influencing Trend:
Advanced Fan Blade Technology in the Aircraft Engine
Market Growth Drivers:
Need for Safety, Operational Efficiency and Productivity in Aircrafts and Demand for the High Accuracy Measurement to Ensure the Fan Blades Aerodynamic Efficiency in Aircrafts
Challenges:
Regulatory Compliances with Production and Usage of Aero Engine Fan Blade
Restraints:
Complexity Related to Maintenance and Installation Issues in Aero-Engine Fan Blade
Opportunities:
Surging Demand for the Military Aircraft Fan Blade Technology with Enhanced Performance and Efficiency
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 Aero Engine Fan Blade Market
- Analysis about New Entrants in Aero Engine Fan 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, Aero Engine Fan Blade Study Sheds Light on
The Aero Engine Fan Blade Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aero Engine Fan Blade industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aero Engine Fan 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.