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Aircraft Propeller Market Size, Share & COVID-19 Impact Analysis, By Type (Fixed Pitch Propeller, Constant Speed Propellers, and Ground-Adjustable Propellers), By Design (Wood Blades, Aluminium Alloy Blades, and Composite Blades), By Components (Blade Tip, Chord, Leading Edge, Trailing Edge, and Hub), By Aircraft Type (Military Aircraft, and Civil Commercial Aircraft), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108114 | Status : Ongoing

 

KEY MARKET INSIGHTS

An aircraft propeller is a crucial part of the propulsion system utilized by various aircraft types. It comprises many blades attached to a hub and rotates quickly to produce thrust and move the plane into the air. The aircraft propellers' design and performance greatly influence the aircraft's efficiency, maneuverability, and safety.


Key Market insights


The demand for aircraft propellers has increased due to the expanding regional air transport sector, particularly in emerging economies. There have been considerable technological improvements in the aviation propeller sector. Manufacturers are creating sophisticated composite materials and using cutting-edge design strategies to increase propeller efficiency, lower noise levels, and boost fuel efficiency. Due to their improved performance, variable-pitch propellers and sophisticated blade designs are becoming more common.

The market for airplane propellers is competitive, with several well-established competitors and many independent suppliers and manufacturers. The main market participants are concentrating on research and development to launch novel items and broaden their product lines. To increase market presence, alliances and collaborations with aviation operators and manufacturers are frequent. The market for aircraft propellers is mostly driven by the rising demand for regional aircraft, technological improvements, environmental concerns, and the need to upgrade and adapt current fleets

COVID-19 Impact on Aircraft Propeller Market


The outbreak caused travel restrictions, lockdowns, and decreased passenger demand, leading to a significant drop in air travel. Airlines reduced their operations, resulting in a decrease in demand for new aircraft, notably those with propellers. Due to financial difficulties and uncertain market conditions, many airlines delayed or canceled their aircraft orders. As a result, demand for airplanes propeller fell as manufacturers saw fewer new orders and postponed deliveries. Airlines postponed maintenance and repair tasks, such as propeller overhauls and replacement, due to lower flight schedules, as a result, demand for aftermarket propeller service fell, reducing revenue for maintenance, repair, and overhauling (MRO) providers.

Global aircraft propeller market is segmented by type (Fixed Pitch Propellers, Constant Speed Propellers, and Ground-Adjustable Propellers), By Design (Wood Blades, Aluminium Alloy Blades, and Composite Blades), By Components (Blade Tip, Chord, Leading Edge, Trailing Edge, and Hub), By Aircraft Type (Military Aircraft, and Civil Commercial Aircraft), and By Region (Asia Pacific, Europe, North America, Latin America, and Middle East & Africa).

Key Insights



  • The research includes detailed information about the competitors' overviews, important market developments, and key strategies.

  • The Report format has been maintained to provide the most business value possible.

  • The scope of the report includes a detailed study of regional markets.


Regional Analysis


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The North American region is the global market leader owing to the rise in aircraft procurements. Moreover, the presence of major propeller systems manufacturers in North America has led to the region having the largest market share globally.

Asia Pacific is expected to be the fastest-growing region in the market. China has emerged as a global leader in UAV development as the country continues to advance in UAV technologies.

Key Players


The prominent players in this field are Aerosila, Airmaster Propellers Ltd, Dowty Propellers, DUC Hélices Propellers, FP-propeller Srl, GSC Systems Inc., Hartzell Propeller, Hélices E-Props, Hercules Propellers Ltd, McCauley Propeller Systems (Textron Aviation Inc.), MT-Propeller Entwicklung GmbH, Peter De Necker, Sensenich Propeller and Whirlwind Propellers Corporation, and others.

Segmentation




















By Type


By Design


By Components


By Aircraft Type


By Region



  • Fixed Pitch Propeller

  • Constant Speed Propellers

  • Ground-Adjustable Propellers




  • Wood Blades

  • Aluminium Alloy Blades

  • Composite Blades




  • Blade Tip

  • Chord

  • Leading Edge

  • Trailing-Edge

  • Hub




  • Military Aircraft

  • Civil Commercial Aircraft




  • North America (United States, Canada)

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others)

  • Latin America (Brazil, Mexico, and others)

  • Rest of the World


 


Recent Development



  • In May 2023, Alaska Airlines partnered with ZeroAvia to retrofit a hydrogen-electric propulsion system into a Bombardier Q400. The upgraded aircraft will expand the scope and applicability of zero-emission flight technology, further advancing the aviation industry's pursuit of net zero carbon emissions. 

  • In January 2023, a US startup's bladeless VTOL can reach up to 0.8 Mach. Jetoptera, a Seattle-based ariel mobility firm's innovative bladeless vertical takeoff, and landing (VTOL) aircraft concept, has demonstrated the ability to reach speeds of 0.8 Mach (614 mph) during testing. According to the firm, its proprietary Fluidic Propulsion System (FPS) enables the airplane to take off and land vertically yet accelerate to jet speeds in forward flight configuration- a High-Speed VTOL (HSVTOL).





  • Ongoing
  • 2023
  • 2019-2022

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