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
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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