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Aircraft Propeller System Market Report
The Market is Segmented by End-Use Industry Type (Original Equipment Manufacturer (OEM), Aftermarket), by Propeller Type (Fixed Pitch Propellers, Varying Pitch Propellers), by Component Type (Blades, Hubs, Spinners, and Others), by Aircraft Type ...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy 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.
Aircraft propeller system market is likely to witness an impressive CAGR of 7.2% during the forecast period. Rising demand for lightweight and fuel-efficient aircraft and mounting number of deliveries of Special Light-Sport Aircraft (SLSA) are estimated to drive the growth of the global aircraft propeller system market.
The claim for different types of civil & commercial aircraft is expected to register significant growth rate in the coming five years. Different types of utility aircraft are employed to transport passengers and cargoes from one place to another cost-effectively. These aircraft are installed with the modern and advanced propeller systems resulting in short take-off distance needed by them, along with enhanced cruising speed and control. Further, propeller-based aircraft deliver outstanding lifting capabilities and are extremely fuel-efficient.
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Aircraft Propeller System Market - Snapshot |
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Growth |
7.2% for the next five years |
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Major Component Type |
Blades |
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Region with the highest demand |
North America |
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Key Players |
Airmaster Propellers Ltd, Aerosila, Dowty Propellers, FP-Propeller Srl, Hartzell Propeller, Helices E-Props, Hercules Propellers Ltd., MT-Propeller Entwicklung GmbH, and McCauley Propeller Systems |
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Based on the component type, the market is segmented as blades, hubs, spinners, and others. The blades component segment was expected to hold the largest share of the market in 2018. The growth of this segment is owing to the rising use of composites to engineer propeller blades. The hubs component segment is estimated to register the highest growth during the forecast period.
In terms of regions, the North American region was expected to be the largest market for aircraft propeller systems in 2018. The aircraft propeller system market is estimated to depict substantial growth in the Asia-Pacific region in the coming five years owing to the rising demand for fuel-efficient turboprop engine aircraft. Further, the growing demand for varying pitch propeller-based aircraft from the emerging economies is also expected to propel the growth of the Asia-Pacific aircraft propeller system market during the forecast period. Countries such as China, Brazil, and India have enormous growth potential for the aircraft propeller system market as governments of these countries have paced up their defense expenditure to boost their civil & commercial and military aircraft fleet.
Some of the major players in the aircraft propeller system market are Airmaster Propellers Ltd., Aerosila, Dowty Propellers, FP-propeller Srl, Hartzell Propeller, Hélices E-Props, Hercules Propellers Ltd., MT-Propeller Entwicklung GmbH, and McCauley Propeller Systems.
Aircraft Propeller System is responsible for propulsion system in aircraft. It works in moving the aircraft smoothly across the air. The propeller blades are created in an airfoil form and it produces lift when the engine starts rotating the blades.
Aircraft Propeller System can be of two main types and these are fixed pitch propellers and varying pitch propellers. The propeller system is required in almost all types of aircraft such as civil, commercial, and military.
This report studies the market covering a period of 12 years of trend and forecast. 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.
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Aircraft Propeller System Market Research Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
9 |
The aircraft propeller system market is segmented into the following categories.
This report offers high-quality insights and is 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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Company Profiling
Market Segmentation
Competitive Benchmarking
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