The report "Aircraft Propeller
System Market by End-Use Industry (OEM, Aftermarket), Propeller
Type (Fixed Pitch, Varying Pitch), Aircraft Type (Military, Civil &
Commercial), Component (Blade, Hub, Spinner, Others), & Region - Global
Forecast to 2022", is estimated to be USD 246.6 Million in 2017 and is
projected to reach USD 329.9 Million by 2022, at a CAGR of 5.99% during the
forecast period from 2017 to 2022. The growth of the aircraft propeller system
market is driven by the increasing demand for lightweight and fuel-efficient
aircraft from North America, Asia Pacific, the Middle East, and Africa and
rising number of deliveries of Special Light-Sport Aircraft (SLSA) across the
globe.
Browse 60 Market Data Tables and 36 Figures spread
through 125 Pages and in-depth TOC on "Aircraft
Propeller System Market - Global Forecast to 2022"
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brochure: https://bit.ly/2JPxJYX
The blades component segment is expected to lead
the aircraft propeller system market during the forecast period.
Based on component, the aircraft propeller system market has been
segmented into blades, hubs, spinners, and others. The blades component segment
is expected to lead the aircraft propeller system market during the forecast
period from 2017 to 2022. Based on material, the blades component segment of
the market has been further classified into metal, composite, and wood.
The military aircraft type segment is projected
to lead the aircraft propeller system market from 2017 to 2022.
Different types of military aircraft are operated under extreme
conditions during critical defense missions or rescue operations. Aircraft
propellers of military aircraft have a high tolerance against wear and tear to
meet specific performance requirements. Since the quality of propellers with
ultra-high performance and high durability plays a key role in military
aircraft, the key players in the aircraft propeller system market are focusing
on carrying out innovations in designs of their aircraft propellers systems. As
the manufacturing costs of military aircraft are higher than commercial
aircraft, the market for aircraft propellers used in military aircraft is
expected to witness significant growth between 2017 and 2022.
The North American region is estimated to
account for the largest share of the aircraft propeller system market in 2017.
Advancements in propulsion technologies and designs of propeller
blades used in different types of aircraft are expected to fuel the growth of
the North America aircraft propeller system market during the forecast period
from 2017 to 2022. Furthermore, the Asia Pacific aircraft propeller system
market is projected to grow at the highest CAGR during the forecast period. The
growing demand for different types of turboprop engine aircraft for civil &
commercial applications and increasing deployment of turboprop engine aircraft
in the defense sector for transportation applications are additional factors
influencing the growth of the Asia Pacific aircraft propeller system market.
Hartzell Propeller (US), MT-Propeller (Germany), Dowty Propellers
(UK), McCauley Propeller Systems (US), Airmaster Propellers (New Zealand), FP
Propeller S.r.l. (Italy), and Ratier-Figeac (France) are some of the
established players in the aircraft propeller system market. These leading
players offer systems, products, and services based on advanced technologies.
They also provide a broad range of engineering, technical, aftermarket,
refurbishment, and information services for aircraft propeller systems.
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