Aircraft Engine Blade Market Size, Share, And Trends By Type (Fan, Compressor, Turbine Blades), By Aircraft Type (Commercial, Military), By End-Use (OEM, Aftermarket), And By Geography – Forecast From 2019 To 2024

Description

The Aircraft Engine Blade market is projected to grow at a CAGR of XX% during the forecast period, reaching a total market size of US$XX billion in 2024. Rising number of aircraft, both in commercial and military sector, is the major driver of aircraft engine blade market. Increasing aircraft deliveries along with growing need for periodic replacement of engine blades is boosting the growth of aircraft engine blade market. This growth is further supported by stringent regulations and standards promoting aviation safety which provide a positive outlook for the expansion of aircraft engine blade market during the forecast period. Geographically, North America holds a significant market share owing to the presence of major aircraft engine manufacturers in the region.

DRIVERS

Increasing aircraft deliveries

Strict regulations and standards regarding aviation safety

RESTRAINTS

High material costs

Technical problems associated with the fixture of turbine blades

INDUSTRY UPDATE

In April 2018, Rolls-Royce and Airbus collaborated to integrate the former’s UltraFan® demonstrator for flight testing, primarily focused on developing technology to reduce emissions.

In February 2018, Safran and Albany inaugurated a third joint production plant in Mexico to manufacture composite fan blades for the LEAP aircraft engine.

The major players profiled in the Aircraft Engine Blade market include Collins Aerospace, Renishaw plc, TURBOCAM International, GKN Aerospace Services Limited, UTC Aerospace Systems, MTU AERO ENGINES AG, Safran, IAG Aero Group, Rolls-Royce Holdings PLC, and ATLA S.r.l.

Segmentation

The Aircraft Engine Blade Market has been analyzed through the following segments:

By Type

Fan Blades

Compressor Blades

Turbine Blades

By Aircraft Type

Commercial

Military

By End-Use

OEM

Aftermarket

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

United Kingdom

Germany

France

Italy

Others

Middle East and Africa

Saudi Arabia

UAE

Israel

Others

Asia Pacific

China

Japan

India

South Korea

Others