Industry Background:
The global air traffic has been increased robustly over the past decade that has ultimately led increase the passenger as well as military aircraft. In addition to this, continues technological advancements in developing fuel-efficient aircraft propellers to improve aircraft efficiency will fuel the demand for aircraft propellers across the globe. Aircraft propellers are the aircraft components which are used to maintain required thrust for the aircraft to travel in the air. It consists of multiple blades which are joined collectively to a single hub. These blades have a primary function to generate lift to the aircraft that is also identified as thrust.
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 | Hartzell Propeller (United States), MT-Propeller Entwicklung GmbH (Germany), Dowty Propellers (United Kingdom), McCauley Propeller Systems (United States), Airmaster Propellers Ltd (New Zealand), Ratier-Figeac (France), FP-propeller Srl (Italy), Sensenich Propeller (United States), Hercules Propellers Ltd (United Kingdom), Aerosila (Russia) and Whirlwind Propellers Corporation (United States) |
This growth is primarily driven by Growing Air Traffic across the Globe and Increasing Demand for Fuel Efficient and Lightweight Aircraft Propellers.
Globally, a noticeable market trend is evident Introduction to Durable Aluminum Alloy Blades
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 Hartzell Propeller (United States), MT-Propeller Entwicklung GmbH (Germany), Dowty Propellers (United Kingdom), McCauley Propeller Systems (United States), Airmaster Propellers Ltd (New Zealand), Ratier-Figeac (France), FP-propeller Srl (Italy), Sensenich Propeller (United States), Hercules Propellers Ltd (United Kingdom), Aerosila (Russia) and Whirlwind Propellers 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. Aircraft Propeller market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In October 2022, Collins Aerospace upgraded the first Chilean Air Force (CAF) C-130 to the NP2000 propeller system. This was the first international C-130 upgraded with NP2000. This helped company to expand its presence in aircraft propeller market
On 5th November 2018, a global manufacturer of all-electric air mobility solutions, Eviation Aircraft has selected Hartzell Propeller, Inc. as a development partner for Eviation’s debut aircraft, the all-electric Alice. With zero-emissions and 100 percent battery-electric solution, the Alice Aircraft will be test flown at the 53rd Paris Air Show in June 2019. Under the terms of the development partnership, Hartzell Propeller will provide customized and optimized propellers and support systems.
Regulatory Insights:
The Federal Aviation Administration (FAA) is proposing to revise the airworthiness standards for the issuance of original and amended type certificates for airplane propellers. The existing propeller requirements do not adequately address the technological advances of the past twenty years. The proposed standards would address the current advances in technology and would harmonize FAA and European Aviation Safety Agency (EASA) propeller certification requirements, thereby simplifying airworthiness approvals for imports and exports.
Influencing Trend:
Introduction to Durable Aluminum Alloy Blades and Adoption of Constant Speed Propellers with Multiple Blades
Market Growth Drivers:
Growing Air Traffic across the Globe and Increasing Demand for Fuel Efficient and Lightweight Aircraft Propellers
Challenges:
Requirement of Highly Skilled Workforce and Significant Post Purchase Overheads such as Higher Maintenance Cost
Restraints:
Lack of Operational Efficiency in Unfavorable Climatic Conditions and High Altitudes and Complex Manufacturing Process with Negligible Tolerance Level
Opportunities:
Rising R&D Investments in Passenger and Military Aircrafts and Introduction to Highly Efficient Swept–tip Propeller Blade Design
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 Propeller Market
- Analysis about New Entrants in Aircraft Propeller 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 Propeller Study Sheds Light on
The Aircraft Propeller Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aircraft Propeller industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Propeller 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.