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
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