Aircraft Propeller System Market | Covid-19 Impact Analysis

Aircraft Propeller System Market Insights 

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 Share: By Component Type

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.

Aircraft Propeller System Market Share: By Region

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.

Market Scope & Segmentation

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.

The aircraft propeller system market is segmented into the following categories. 

Aircraft Propeller System Market Size, Share, & Forecast, by End-Use Industry Type:

• Original Equipment Manufacturer (OEM) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Propeller System Market Size, Share, & Forecast, by Propeller Type:

• Fixed Pitch Propellers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Varying Pitch Propellers
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Propeller Type Analysis: Controllable Pitch Propellers, Constant Speed Propellers, Full Feathering Propellers, and Other Propellers)

Aircraft Propeller System Market Size, Share, & Forecast, by Component Type:

• Blades
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Material Type Analysis: Metal, Composite, and Wooden)
  • (End-User Type Analysis: OE and Aftermarket)
• Hubs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Spinners (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Propeller System Market Size, Share, & Forecast, by Aircraft Type:

• Civil & Commercial Aircraft
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Engine Type Analysis: Turboprop Engine and Piston Engine)
• Military Aircraft
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Engine Type Analysis: Turboprop Engine and Piston Engine)

Aircraft Propeller System Market Size, Share, & Forecast, by Region:

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

Research Methodology

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.

Report Features

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:

• 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 propeller types by end-use industry 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].