Aircraft Engine Blade Market Size, Growth Potential Analysis, Porters Analysis, Pricing Trend, Regulatory Landscape & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Aerospace | Format: Report available in PDF / Excel Format

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Aircraft Engine Blade Market Size, Growth Potential Analysis, Porters Analysis, Pricing Trend, Regulatory Landscape & Forecast, 2024 – 2032

Aircraft Engine Blade Market Size, Growth Potential Analysis, Porters Analysis, Pricing Trend, Regulatory Landscape & Forecast, 2024 – 2032

Aircraft Engine Blade Market Size

Aircraft Engine Blade Market Size was estimated at 13.27 (USD Billion) in 2022. The Aircraft Engine Blade Market Industry is expected to grow from 14.0(USD Billion) in 2023 to 22.7 (USD Billion) by 2032. The Aircraft Engine Blade Market CAGR (growth rate) is expected to be around 5.51% during the forecast period (2024 - 2032).

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Aircraft Engine Blade Market is set to expand at a notable CAGR from 2024-2032 driven by rising usage of turbomachines in aircraft engines and developments in turbine technology. Aircraft engine blades are assembled around the periphery of turbine rotors to guide gas or steam flow. Exposure to high temperatures and contaminants has raised the rate of gas turbine corrosion, thereby accelerating the popularity of jet engine turbine blades in recent years.

A significant rise in aircraft delivery will support the market growth. Major aircraft makers like Boeing and Airbus have recorded an increase in the number of aircraft deliveries post the COVID-19 pandemic. Additionally, the high emphasis on turbo-electric or hybrid-electric planes to reduce air pollution and emissions will generate new growth opportunities for the aircraft engine fan blades market.

Rising advancements in composite materials and improvements in the design of engine blades are contributing to the creation of aircraft turbine engines with higher efficiency levels and power ratings. The significant increase in spending on the military sector will also aid the acquisition of aircraft engines and the deployment of turbine engine blades. For instance, in February 2023, India’s Ministry of Defence indicated plans to purchase over USD 18 million worth of aero engines in a decade.

Aircraft Engine Blade Market Trends

Growing government investments for upgrading military aircraft fleets are expected to drive the demand for advanced engine blades. For instance, in December 2023, the U.S. announced plans to help its allies deploy cutting-edge military capabilities with state-of-the-art military hardware to maintain deterrence in the Indo-Pacific and support India's efforts to modernize its defenses. These programs focus on enhancing aircraft performance, reliability, and efficiency, further necessitating the procurement of high-performance engine components. Additionally, the development of next-generation fighter jets and military transport aircraft requires cutting-edge engine blade technologies to meet stringent operational requirements, augmenting the industry outlook.

Aircraft Engine Blade Market Analysis

As per material, the aircraft engine blade industry from the composites segment is estimated to record noteworthy growth in terms of revenue through 2032. Using composite materials, manufacturers can create thin, efficient airfoils that can bear the structural load required for optimum aircraft operations. Although composite blades demand a higher investment than aluminum propellers, these blades create greater value in maintenance and repair over time. Additional benefits of composite propellers, such as durability, lightweight, and longer service life, will drive the segment growth.

In terms of application, the commercial aircraft engine blade market is anticipated to witness significant growth from 2024-2032 attributed to the increasing air passenger traffic, fleet expansion, and aircraft modernization programs. This has surged the demand for advanced engine blades to enhance fuel efficiency, reliability, and performance. With the introduction of next-generation aircraft models, such as the Boeing 737 MAX and Airbus A320neo, airlines are seeking more efficient engines equipped with advanced blade designs to optimize operational performance and ensure passenger comfort.

Given the regional landscape, the Asia Pacific aircraft engine blade market is poised to exhibit a robust growth rate between 2024 and 2032 owing to the expanding aviation sector in the region. With rising air travel demand, increasing fleet size, and government investments in aviation infrastructure, there is heightened demand for aircraft engines and components. China and India are largely investing in indigenous aircraft manufacturing capabilities. Moreover, partnerships and collaborations between global aerospace companies and local manufacturers for technology transfer and the development of advanced engine blade solutions will accelerate the regional market expansion.

Aircraft Engine Blade Market Share

Leading aircraft engine blade firms are taking initiatives, such as strategic mergers and acquisitions to reinforce their presence in this competitive market. To illustrate, GE Aviation stands as a key market player for its expertise in developing cutting-edge engine blade technologies and supplying engines for various commercial and military aircraft.

Some of the key players in the aircraft engine blade industry include-

  • GKN Aerospace (Melrose Industries)
  • Rolls Royce
  • CFAN Company (GE Aviation System LLC, Safran Aircraft Engines)
  • GE Aviation
  • Pratt & Whitney (United Technologies Corp., Raytheon Technologies)
  • Safran Aircraft Engines
     

Aircraft Engine Blade Industry News

  • In October 2023, CFM launched advanced High-Pressure Turbine blades to improve the longevity of its CFM56-7B and CFM56-5B engines by increasing wall thickness, optimizing dovetail loading, and tightening production tolerances.

What Information does this report contain?

Historical data coverage 2018 to 2023; Growth Projections 2024 to 2032.

Expert analysis industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.

6-7 year performance forecasts major segments covering applications, top products and geographies.

Competitive landscape reporting market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Table of Content

1. EXECUTIVE SUMMARY

1.1. Market Overview

1.2. Key Findings

1.3. Market Segmentation

1.4. Competitive Landscape

1.5. Challenges and Opportunities

1.6. Future Outlook

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the study

2.2.1. Research Objective

2.2.2. Assumption

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Data Mining

3.3. Secondary Research

3.4. Primary Research

3.4.1. Primary Interviews and Information Gathering Process

3.4.2. Breakdown of Primary Respondents

3.5. Forecasting Model

3.6. Market Size Estimation

3.6.1. Bottom-Up Approach

3.6.2. Top-Down Approach

3.7. Data Triangulation

3.8. Validation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

5.1. Value chain Analysis

5.2. Porter's Five Forces Analysis

5.2.1. Bargaining Power of Suppliers

5.2.2. Bargaining Power of Buyers

5.2.3. Threat of New Entrants

5.2.4. Threat of Substitutes

5.2.5. Intensity of Rivalry

5.3. COVID-19 Impact Analysis

5.3.1. Market Impact Analysis

5.3.2. Regional Impact

5.3.3. Opportunity and Threat Analysis

6. AIRCRAFT ENGINE BLADE MARKET, BY ENGINE TYPE (USD BILLION)

6.1. Turbofan

6.2. Turboprop

6.3. Turboshaft

6.4. Piston

7. AIRCRAFT ENGINE BLADE MARKET, BY BLADE MATERIAL (USD BILLION)

7.1. Titanium Alloys

7.2. Nickel-Based Alloys

7.3. Steel

7.4. Composite Materials

8. AIRCRAFT ENGINE BLADE MARKET, BY BLADE SHAPE (USD BILLION)

8.1. Airfoil

8.2. Swept

8.3. Propeller

8.4. Compressor

9. AIRCRAFT ENGINE BLADE MARKET, BY APPLICATION (USD BILLION)

9.1. Commercial Aircraft

9.2. Military Aircraft

9.3. Business Jets

9.4. Helicopters

10. AIRCRAFT ENGINE BLADE MARKET, BY END USER (USD BILLION)

10.1. Aircraft Manufacturers

10.2. Airlines

10.3. MRO Providers

10.4. Leasing Companies

11. AIRCRAFT ENGINE BLADE MARKET, BY REGIONAL (USD BILLION)

11.1. North America

11.1.1. US

11.1.2. Canada

11.2. Europe

11.2.1. Germany

11.2.2. UK

11.2.3. France

11.2.4. Russia

11.2.5. Italy

11.2.6. Spain

11.2.7. Rest of Europe

11.3. APAC

11.3.1. China

11.3.2. India

11.3.3. Japan

11.3.4. South Korea

11.3.5. Malaysia

11.3.6. Thailand

11.3.7. Indonesia

11.3.8. Rest of APAC

11.4. South America

11.4.1. Brazil

11.4.2. Mexico

11.4.3. Argentina

11.4.4. Rest of South America

11.5. MEA

11.5.1. GCC Countries

11.5.2. South Africa

11.5.3. Rest of MEA

12. COMPETITIVE LANDSCAPE

12.1. Overview

12.2. Competitive Analysis

12.3. Market share Analysis

12.4. Major Growth Strategy in the Aircraft Engine Blade Market

12.5. Competitive Benchmarking

12.6. Leading Players in Terms of Number of Developments in the Aircraft Engine Blade Market

12.7. Key developments and growth strategies

12.7.1. New Product Launch/Service Deployment

12.7.2. Merger & Acquisitions

12.7.3. Joint Ventures

12.8. Major Players Financial Matrix

12.8.1. Sales and Operating Income

12.8.2. Major Players R&D Expenditure. 2023

13. COMPANY PROFILES

13.1. Pratt Whitney

13.1.1. Financial Overview

13.1.2. Products Offered

13.1.3. Key Developments

13.1.4. SWOT Analysis

13.1.5. Key Strategies

13.2. CFM International

13.2.1. Financial Overview

13.2.2. Products Offered

13.2.3. Key Developments

13.2.4. SWOT Analysis

13.2.5. Key Strategies

13.3. Jamco Corporat

13.3.1. Financial Overview

13.3.2. Products Offered

13.3.3. Key Developments

13.3.4. SWOT Analysis

13.3.5. Key Strategies

13.4. GE Aviation

13.4.1. Financial Overview

13.4.2. Products Offered

13.4.3. Key Developments

13.4.4. SWOT Analysis

13.4.5. Key Strategies

13.5. Woodward Governor

13.5.1. Financial Overview

13.5.2. Products Offered

13.5.3. Key Developments

13.5.4. SWOT Analysis

13.5.5. Key Strategies

13.6. Kawasaki Heavy Industries

13.6.1. Financial Overview

13.6.2. Products Offered

13.6.3. Key Developments

13.6.4. SWOT Analysis

13.6.5. Key Strategies

13.7. ITP Aero

13.7.1. Financial Overview

13.7.2. Products Offered

13.7.3. Key Developments

13.7.4. SWOT Analysis

13.7.5. Key Strategies

13.8. Safran Aircraft Engines

13.8.1. Financial Overview

13.8.2. Products Offered

13.8.3. Key Developments

13.8.4. SWOT Analysis

13.8.5. Key Strategies

13.9. MTU Aero Engine

13.9.1. Financial Overview

13.9.2. Products Offered

13.9.3. Key Developments

13.9.4. SWOT Analysis

13.9.5. Key Strategies

13.10. RollsRoyce Holdings

13.10.1. Financial Overview

13.10.2. Products Offered

13.10.3. Key Developments

13.10.4. SWOT Analysis

13.10.5. Key Strategies

13.11. Avio Aero

13.11.1. Financial Overview

13.11.2. Products Offered

13.11.3. Key Developments

13.11.4. SWOT Analysis

13.11.5. Key Strategies

13.12. Mitsubishi Heavy Industries

13.12.1. Financial Overview

13.12.2. Products Offered

13.12.3. Key Developments

13.12.4. SWOT Analysis

13.12.5. Key Strategies

13.13. Triumph Group

13.13.1. Financial Overview

13.13.2. Products Offered

13.13.3. Key Developments

13.13.4. SWOT Analysis

13.13.5. Key Strategies

13.14. Honeywell Internationa

13.14.1. Financial Overview

13.14.2. Products Offered

13.14.3. Key Developments

13.14.4. SWOT Analysis

13.14.5. Key Strategies

14. APPENDIX

14.1. References

14.2. Related Reports

  • GKN Aerospace (Melrose Industries)
  • Rolls Royce
  • CFAN Company (GE Aviation System LLC, Safran Aircraft Engines)
  • GE Aviation
  • Pratt & Whitney (United Technologies Corp., Raytheon Technologies)
  • Safran Aircraft Engines

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