Aircraft Propeller System Market Growth Analysis | 2023-2028

Market Insights

The Aircraft Propeller System Market was estimated at US$ 311.03 million in 2022 and is expected to grow at a CAGR of 6.2% during 2023-2028 to reach US$ 446.86 million in 2028.

Wish to get a free sample? Register Here

What is an Aircraft Propeller System?

An aircraft propeller system is a fundamental component of aircraft propulsion, consisting of rotating blades attached to an engine. As the engine operates, it drives the propeller, which, in turn, generates thrust by moving air over its curved surfaces. This thrust propels the aircraft forward or provides lift in the case of multi-engine configurations. Aircraft propeller systems are commonly found in piston-powered and turboprop aircraft, offering advantages like fuel efficiency, reliability, and excellent low-speed performance. The pitch of the propeller blades can be adjusted to control thrust, making them versatile for various flight conditions. Propeller-driven aircraft are often used in regional and specialized aviation due to their efficiency and suitability for short-distance travel.

Market Dynamics

Rising demand for lightweight and fuel-efficient aircraft and a 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 a significant growth rate in the coming five years. Different types of utility aircraft are employed to transport passengers and cargo from one place to another cost-effectively. These aircraft are installed with 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.

Segments Analysis

Want to get more details about the segmentations? Register Here

By Component Type

The Aircraft Propeller System Market is segmented into blades, hubs, spinners, and others. The blades component segment was expected to hold the largest share of the market. 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.

Regional Analysis

In terms of regions, the North American region was expected to be the largest market for aircraft propeller systems. 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 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.

Want to know which region offers the best growth opportunities? Register Here

Key Players

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
• McCauley Propeller Systems

Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. 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.

What Deliverables Will You Get in this Report?

Customization Option

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 product 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 to sales@stratviewresearch.com.