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    Aeroengine Fan Blades Market | Covid-19 Impact Analysis

    Aeroengine Fan Blades Market | Covid-19 Impact Analysis

    Aeroengine Fan Blades Market | Covid-19 Impact Analysis
    Report code - SRAD172 Published On : Mar,2019 No. of Pages: 256
    Aeroengine Fan Blades Market Size, Share, Trend, Forecast, & Competitive Analysis: 201 See more...
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    Impact of COVID-19 on Aeroengine Fan Blades Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aeroengine Fan Blades Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aeroengine Fan Blades Market Insights

    Fan blades are among the most important components of an aircraft engine. There has been an evolutionary change in the design, size, structures, materials, and manufacturing process of fan blades over the past few decades. A large number of experimental and computational analysis have been carried out in engine fan blades, which have resulted in a change in design and efficiency of blades. Lightweight, increased engine thrust and efficiency, low-operating-cost, and laminar airflow into the engine are some focal points of development that are being achieved through the advancements in fan blade technologies.

    Curved, Lighter, Thinner, and Fewer are the four big needs in aeroengine fan blades observed in the industry. Composites have gradually been becoming the materials of choice for achieving these four industry needs. Besides thinner and fewer in numbers; composite fan blades also spin faster that ultimately helps to generate higher thrust and by-pass ratio. GE Aviation is the first company to incorporate carbon composite materials in aero engine fan blades for a jet engine. The era of composite fan blades started way back in the 1990s with GE’s GE90 engine powering Boeing 777 aircraft program. This became a huge success for GE Aviation as it contributed B777 in gaining excellent thrust and being among the most fuel-efficient and reliable commercial aircraft. GE Aviation’s success of composite fan blades influenced its adoption in succeeding generations of commercial engines including GEnx and the new GE9X.

    The global aeroengine fan blades market is projected to grow at a healthy rate over the next five years to reach US$ 8,114.7 million in 2024. An organic growth of the aircraft industry, increasing share of wide-body aircraft in commercial aircraft deliveries, increasing penetration of composite fan blades in newer aircraft engines, increasing fan diameters of newer aircraft, and an expected increase in production of LEAP engines, are the key growth drivers of aeroengine fan blades market.

    Aeroengine Fan Blades Market Forecast

     

    Aeroengine Fan Blades Market Share Analysis

    Aeroengine Fan Blades Market Share by Aircraft Type

    The global aeroengine fan blades market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Aircraft, and Military Aircraft. Narrow- and wide-body aircraft are likely to remain the growth engines of the market during the forecast period. Increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and an increasing demand for lightweight composite fan blades are likely to offer a sustainable growth platform for fan blades in these segments in the coming years.

    Aeroengine Fan Blades Market Share by Engine Type

    Based on the engine type, turbofan aeroengine fan blade is likely to remain the most dominant as well as the fastest-growing segment of the market during the forecast period. Turbofan engines are the most commonly used engine type in the commercial aircraft, which is the major why and wherefore behind their dominance in the market. Increasing production of turbofan engines to support the increasing commercial aircraft production rates, as well as increasing penetration of lightweight composite fan blades, are substantiating the demand for fan blades in the engine segment. 

    Aeroengine Fan Blades Market Share by Material Type

    Based on the material type, titanium blade is likely to remain the most dominant type in the market during the forecast period of 2019 to 2024, whereas composite blades are likely to experience the highest growth during the same period, driven by their usage in the newer variants of engines, such as LEAP engines, which are empowering the world’s best-selling model’s fuel-efficient variants (B737 max and A320neo) and GEnx engine empowering B787. Aeroengine fan blades have been undergoing a disruptive transformation from the traditional metallic blades to composite blades. Epoxy resin with carbon fiber is predominantly used material type for manufacturing composite fan blades. These materials are giving good competition to the most widely used titanium materials for fan blades.

    Regional Insights

    Based on the regions, North America is projected to remain the largest market during the forecast period, driven by the world’s leading aeroengine manufacturers i.e. GE Aviation, CFM International, and Pratt & Whitney. Most of the major engine manufacturers have assembly plants in the region to support the major aircraft OEMs. The USA is likely to remain the growth engine of the region’s market over the next five years.

    Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.

    Key Players

    The supply chain of this market comprises raw material suppliers, aeroengine fan blade manufacturers, engine manufacturers, aircraft OEMs, airlines, and aircraft leasing companies. The key aeroengine fan blade manufacturers are Safran Aircraft Engines, GE Aviation, Pratt & Whitney, Rolls-Royce, Albany/Safran, CFAN Company, and GKN Aerospace. The development of lightweight fan blades with an ease of manufacturing processes; reduced operational cost, and improved thrust or performance and formation of strategic alliances are the key strategies adopted by the players to gain a competitive edge in the market.

    Aeroengine Fan Blades Market Share

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 8,114.7 million

    Forecast

    5.2% CAGR during 2019-2024

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Germany, the UK, Poland, China, Japan, Singapore, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aeroengine Fan Blades Market Size, Share & Forecast by Aircraft Type:

    • Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Very Large Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Business Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aeroengine Fan Blades Market Size, Share & Forecast by Engine Type:

    • Turbofan Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Turboprop Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Turbojet Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aeroengine Fan Blades Market Size, Share & Forecast by Material Type:

    • Titanium & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aluminum & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aeroengine Fan Blades Market Size, Share & Forecast by Manufacturing Process Type:

    • Hand Layup (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Resin Transfer Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Superplastic Forming (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Processes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aeroengine Fan Blades Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: France, Germany, the UK, Poland and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, Singapore, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Report Features

    This report, from Stratview Research, studies the global aeroengine fan blades market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the component types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What is Aeroengine Fan blade?

    Aeroengine Fan blades are among the most important components of an aircraft engine. There has been an evolutionary change in the design, size, structures, materials, and manufacturing process of fan blades over the past few decades. Aeroengine Fan blades can be made up of Titanium & Alloys, Composites, Aluminium & Alloys, and Steel. Turbofan Engine, Turboprop Engine, and Turbojet Engine are the engine types where the fan blades are used.

    What will be the size of the Aeroengine Fan Blades Market in the foreseeable years?

    Driven by a number of factors like organic growth of the aircraft industry, the aeroengine fan blades market is projected to reach an estimated value of US$ 8,114.7 million in 2024.

    Who are the key players in the Aeroengine Fan Blades Market?

    Safran Aircraft Engines, GE Aviation, Pratt & Whitney, Rolls-Royce, Albany/Safran, CFAN Company, and GKN Aerospace are among the key players in the aeroengine fan blades market.

    Which country/region is expected to remain the largest Aeroengine Fan Blades Market?

    North America is expected to remain the largest market during the forecast period of 2019-2024.

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