Turboprop Aircraft Propeller System Market Scope
Turboprop consists of intake, compressor, combustor, turbine and propelling nozzle. These type of engine produces the thrust indirectly as the compressor and turbine provides torque to the propeller. Turboprop engines are used in single, twin and commuter aircraft. The smaller engines has the power range of 500 to 2000 shaft horsepower. Whereas, the larger ones which are used in commuter aircraft has power range of 5000 shaft horsepower. Moreover, the turboprop engines are operated by gas turbine engine which is power efficient source.
The key players in the turboprop propellers market are competing based on quality, reliability, and cost. Therefore, they are focusing to offer high quality and cost effective turboprop propellers. Also, they are focusing on increasing network, product range, investments in R&D and technological innovations. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Turboprop Aircraft Propeller System market throughout the predicted period.
Rolls Royce (United Kingdom), Daher (France), GE Aviation (United States), AEROSILA (Russia), Dowty Propellers (United Kingdom), Hartzell Propeller (United States), United Technology Corporation (UTC) (United States), AVIA PROPELLER (Czech Republic), MT-Propeller Entwicklung (Germany), McCauley Propeller Systems (United States) and Ratier-Figeac (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Cessna (United States) and Textron Aviation Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Turboprop Aircraft Propeller System market by Type (Single shaft and Free turbine), by Application (Military, Commercial and General Aviation) and Region with country level break-up.
On the basis of geography, the market of Turboprop Aircraft Propeller System has been segmented into Europe (Germany, France, Italy, United Kingdom), North America (United States).
Influencing Trend:
Adoption of newer blade designs to increase the fuel efficiency. These blades are thinner which decreases the weight and hence, makes more efficient engines. This trend in gaining the traction in the industry which is contributing towards the growth of the market.
Market Growth Drivers:
Introduction of New Regional Routes are Increasing the Demand of Turboprop Aircraft
Challenges:
High maintenance cost turboprop engine aircraft
Restraints:
High Costs Associated with the Manufacturing of Aircraft Propeller Systems and Fluctuations in Fuel Prices May Hamper the Market Growth
Opportunities:
High Demand in Emerging Economies to Enhance the Regional Network
Market Leaders and their Expansionary Development Strategies
In December 2021 Ozark Aeroworks LLC had announced the acquisition of T53 Turboshaft Engine Product Line from Honeywell Aerospace. Ozark Aeroworks, LLC is one of Honeywell's largest T53 Authorized Service Centers, servicing customers all over the world. Honeywell, T53 channel partners, and end-user customers have all formed solid connections with Ozark Aeroworks. Ozark Aeroworks is uniquely qualified to manage the T53 program's complete value stream, resulting in world-class product support for all T53 operators.
In April 2022 Daher had announced the launch of T60. The sophisticated PT6E-66XT powerplant and Hartzell Propeller's five-blade RaptorTM composite propeller are at the core of this latest TBM variant, both of which are linked to the dual-channel digital Engine and Propeller Electronic Control System (EPECS).
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.