Increasing number of aircraft and periodic replacement of blades drives the global Aircraft Engine Blade Market through 2028.
According to TechSci Research report, “Aircraft Engine Blade Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028”, Global aircraft engine blade market is driven by increasing number of aircrafts in developing region. The vanes and valves that make up an aircraft engine blade can produce a constant flow of gas by guiding and compressing the air inside the engines. A turbine blade produces tangential force that rotates a turbine rotor; an aero foil positioned in the rim of a turbine disc. Each turbine consists of many blades. The production of turbine blades for jet engines will also see an increase in the forthcoming years due to the increasing rate of gas turbine corrosion brought on by the exposure of this technology to extreme temperatures and pollutants.
Due to its higher heat and corrosion-resistance capabilities when combined with carbon-fiber-reinforced polymers, titanium has recently developed into a potential replacement for aluminum parts for manufacturing of aircraft engines. There are numerous uses for the super alloys in both commercial and military aviation engines, including NIMONIC alloy 75 and those from the INCONEL alloy family, like INCONEL alloy 713C and INCONEL alloy 601. The largest and most powerful engine in the world, the GE90, uses composite carbon fiber composite engine blades. Numerous businesses are receiving orders from the Middle East and the Asia Pacific region. For example, GE has received 700 GE9x engine orders worth $29 billion from growing Middle East airlines including Emirates, Qatar, and Etihad as well as Lufthansa, Cathay Pacific, and All Nippon Airways. This results in growing aircraft engine blade market in upcoming years.
Aircraft engine blade market based on the aircraft type is majorly dominated by commercial aircraft segment due to rising technology and developing air transport. In blade type in aircraft engine blade market, compression aircraft holds the highest share. Based on end use, replacement market is dominating as aircraft engine blades are replaced periodically to maintain safety and efficiency.
On average, more than 1,800 commercial aircraft were sold to various airline operators around the world, with the Asia-Pacific region receiving around 40% of those deliveries, according to reports. As a result, the market for aviation engine blades is expanding in demand. Additionally, the market is propelled during the anticipated era by routine engine blade replacement.
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The global aircraft engine blade market can be segmented based on aircraft type, blade type, material, end use, region, and by company. Based on aircraft type, the market is segmented into Commercial Aircraft, General Aviation, Regional Aircraft, and Military Aircraft. Based on blade type, it is further divided into Compressor Blades, Turbine Blades, and Fan Blades. Based on material, the aircraft engine blade market is divided into Titanium, Nickel Alloy, Composites, and others. Based on end use, it is divided into OEM and Aftermarket.
Some of the major companies operating in the global Aircraft Engine Blade Market include:
- General Electric Company
- CFM International
- United Technologies Corporation
- Rolls-Royce Holdings PLC
- MTU Aero Engine
- Albany International Corporation
- Collins Aerospace
- Arconic Inc.
- Pratt & Whiteny
- GKN Aerospace
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“In 2022, Asia-Pacific region accounted for the largest market share in global aircraft engine blade market and the region is expected to maintain its dominance over the next years. With increasing air transport in developing countries and timely maintenance of engine blades boost the market in upcoming years” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Aircraft Engine Blade Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” has evaluated the future growth potential of global Aircraft Engine Blade Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global aircraft engine blade market.
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