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Global Aircraft Propeller Market Insight2022-01-05 Comments
Global Aircraft Propeller Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global Aircraft Propeller Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 6.5% base on WKI regression analysis model.
“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.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.”said Wikky, Senior analyst, Global Airplane Market Research Center in WKI.
Aircraft Propeller manufacturers are increasing their R&D and investment in high-end products,the key players focus on product expansion to enhance their market share.According to Market News：Among the largest recent advances in propeller efficiency has been the rise of composite propeller blades. Composite propeller blades are made from Kevlar or carbon fiber, which is more durable and easier to repair than wood propellers. They also deliver greater gains in efficiency. For instance, the Hartzell Trailblazer prop provides more than a 10 percent increase in climb performance and a 12 percent reduction in takeoff distance at max gross weight.The design of the swept-tip propeller allows for a larger propeller diameter, which increases takeoff and climb thrust without increasing noise. The swept-tip design has long been known to improve efficiency in wings but outside of cost-prohibitive or military applications, swept-tip propellers weren’t seen much in the air. But in 2012, Hartzell Propeller and Raisbeck Engineering collaborated on a swept-tip propeller to enhance performance on the King Air B200.
The global Aircraft Propellers market is dominated by major players such as Airmaster Propellers，Aerosila, and Dowty Propellers, among others.These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.
Segmentation of Aircraft Propeller Market:
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 Market: Regional Analysis
In terms of geography, the Global Aircraft Propeller market has been segmented into: North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. The North American region is estimated to be the largest market for aircraft propeller systems . The aircraft propeller system market is expected to witness considerable growth in the Asia Pacific region during the forecast period due to the increasing demand for fuel-efficient turboprop engine aircraft.
Largest share area：North America
Largest share country：USA