Aircraft engine blades include blades and wings, such as external blades, compressor blades and turbine blades that absorb air. The engines covered within the scope of the investigation are all types of turbine engines with blades and wings as part of the engine. The blades and vanes used in fans, turbines, and compressors were included in the study.
The global aircraft engine blade market is expected to reach US$ 4.3 billion by 2025, growing at an average annual increase of 3.1% from 2020 to 2025.
Recent Developments and Trends:
Rolls Royce launched a single crystal turbine made of a combination of nickel and aluminum alloys in 2017. In addition, the single-crystal structure can withstand greater mechanical loads due to the high rotation speed, which improves efficiency.
In 2019, Boeing introduced a 777x aircraft that incorporates advanced turbine blades manufactured with GE 3D printing technology. Also, printed parts provide excellent strength and low weight, which dramatically improves the weight/flight ratio.
In April 2018, the Federal Aviation Administration (FAA) announced the inspection of aircraft operating in the United States, which encourages industry participants to test and evaluate engine blade products before commercialization continually.
The main growth engines for the aircraft engine blades market are the increase in aircraft delivery and the periodic replacement of engine blades. The demand for new engines creates demand for compressors and turbine blades. As the aviation market grows, new orders for fuel-efficient aircraft will continue to drive market growth. Advances in material technology to create lightweight blade and fan structures are also supporting market growth. The aircraft manufacturing industry is also turning to electrical architecture for a variety of reasons. The reduction of aircraft emissions is another main driving force for the adoption of electric and hybrid driving schemes. The transition to these new architectures will further facilitate the penetration of agile technologies in the design and manufacture of fan blades and turbines and compressors. All these aspects are predicted to fuel the demand for aircraft engine blades in the coming years.
The high price of the compounds is a significant limitation observed in the global Aircraft Engine Blades industry. The cost of composite materials used in the aerospace industry is higher than the traditional materials used in aircraft manufacturing.
Based on the type, the global aircraft engine blades market can be classified into fan blades, compressor blades and turbine blades. The fan blades will have significant participation during the expected period.
Based on the application, the global aircraft engine blades industry is divided into commercial airplanes, military airplanes, and general aviation. Of these, the commercial segment dominates the global business due to the increasing demand for new aircraft from international and local airlines in all the regions of the world. The rise in air travel passengers, growth in the tourism rise, increase in disposable income and advances in technology are supporting the development in the commercial segment of this market. However, the military sector is predicted to be an essential part of the expected period, owing to the increasing investments and military and defense budget worldwide.
Depending on the material, the global aircraft engine blades market is divided into titanium, nickel alloys, composites, aluminum alloys, and others. Among these, the titanium blades are expected to show a significant growth rate in the estimated period due to the benefits of the material, including excellent strength and low weight.
The Asia-Pacific aircraft engine blades market is foreseen to experience the highest growth rate in the international marketplace in the forecast period. There has been a significant rise in the number of air travel passengers across the region, which forced several airlines operating in the area to scale the advanced aircraft. China and India are the leading countries generating demand in this industry.
In addition, in the Asia Pacific, along with the original aircraft equipment manufacturers, several engine component manufacturers are expanding to reduce the complexity of the supply chain and enter emerging markets. Also, the increase in military spending is strengthening the development and acquisition of military aircraft, and the general aviation fleet in the region is further driving the growth of the aircraft engine blades market in the area.
On the other hand, the North America aircraft engine blades market dominates the global business in terms of revenue share and also predicted to witness a considerable growth rate in the estimated time. The presence of leading market giants and the increasing commercial and personal travel scenarios are boosting the industry growth in this region.
Rolls-Royce opened a motor assembly and test facility in early 2012 to manufacture hollow titanium wide-wire fan blades. The installation has a production capacity of 8,600 fan blades per year.
Some of the prominent players in the global aircraft engine blades market are GE Aviation, CFM International, Rolls-Royce Holdings Plc, Albany International Corporation, Collins Aerospace, Arconic Inc., MTU Aero Engines, Pratt & Whitney, CFAN Company, GKN Aerospace, and Safran Aircraft Engines.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aircraft Engine Blades Market, By Type
6.1.1 Fan Blades
6.1.2 Compressor Blades
6.1.3 Turbine Blades
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Aircraft Engine Blades Market, By Application
6.2.3 General Aviation
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Aircraft Engine Blades Market, By Material
6.3.2 Nickel Alloy
6.3.4 Aluminum Alloy
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.2.4 By Material
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.3.4 By Material
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.4.4 By Material
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.5.4 By Material
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Type
7.6.3 By Application
7.6.4 By Material
8. Key Player Analysis
8.1 GE Aviation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Rolls-Royce Holdings Plc
8.3 CFM International
8.4 Albany International Corporation
8.5 Collins Aerospace
8.6 Acronic Inc.
8.7 MTU Aero Engines
8.8 Pratt & Whitney
8.9 GKN Aerospace
8.10 Safran Aircraft Engines
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures