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The latest report by IMARC, titled “ AircraftPropellerSystemsMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandFore cast2023-2028
” " finds that the global aircraft propeller systems market size reached US$ 333.6 Million in 2022. Aircraft propeller systems are devices that create relative motion by forcing the atmospheric air axially backward to facilitate the movement of an aircraft.
They include two or more blades connected through a hub. These systems are primarily categorized into six types, namely reverse-pitch, controllable-pitch, fixed-pitch, constant-speed, feathering, and ground-adjustable. In addition, they are less expensive compared to turbofan engine aircraft and provide several advantages, such as shorter landings and takeoffs. Owing to these properties, aircraft propeller systems are widely utilized across the aviation industry.
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The market is primarily driven by the escalating demand for fuel-efficient engines with optimized performance in the aviation industry. In addition, the increasing requirement for safe, lightweight, and reliable aircraft systems for improved passenger safety represents another major growth-inducing factor. Besides this, the market is also propelled by the escalating demand for turboprop engine aircraft for commercial applications and their rising utilization in the defense sector for transporting and surveillance activities.
Moreover, the introduction of new international short-distance routes is increasing the demand for piston-engine aircraft, thus augmenting the market growth. Other factors, such as extensive research and development (R&D) activities conducted by key players to introduce advanced propeller systems and the advent of improved aviation policies, are anticipated to create a positive market outlook in the coming years. Looking forward, IMARC Group expects the market value to reach US$ 452.1 Million by 2028, exhibiting a CAGR of 5% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyType:
• Fixed Pitch
• Variable Pitch
BreakupbyProduct:
• Contra-Rotating Propeller
• Counter-Rotating Propeller
BreakupbyComponent:
• Blade
• Spinner
• Hub
• Others
BreakupbyPlatform:
• Civil
• Military
BreakupbyEngine:
• Conventional
• Electric and Hybrid
BreakupbyEndUse:
• OEM
• Aftermarket
BreakupbyRegion:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
CompetitiveLandscapewithKeyPlayers:
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
• Whirlwind Propellers Corporation
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https://www.imarcgroup.com/aircraft-propeller-systems-market
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