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Pulished Date February, 2020
ID: 9196
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Aircraft Engine Blades Market by Blade Type (Compressor Blades, Turbine Blades, and Fan Blades), Application (Commercial, Military, and General Aviation), Material (Titanium, Nickel Alloy, Composites, Aluminum Alloy, and Other Materials), and Geography – Global Industry Growth, Demand, Size, Trends, and Competitive Analysis Forecast Report 2020-2025

Pulished: February, 2020
ID: 9196
Pages: 140

Aircraft Engine Blade Market Overview Analysis:

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.

Market Drivers 

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.

Restraints

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.

Market Segmentation

By Type

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.

By Application:

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.

By Material: 

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.

Regional Analysis

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.

Leading Company

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.

Key Players

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. Introduction                                 

                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                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                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        

                                5.1.2 Products/Service  

                                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                             

                                6.2.1 Commercial            

                                6.2.2 Military     

                                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                   

                                6.3.1 Titanium   

                                6.3.2 Nickel Alloy             

                                6.3.3 Composites            

                                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              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application        

                                7.2.4 By Material             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 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              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 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              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 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              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                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           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                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                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Type, By Material, By Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Aircraft Engine Blades Market By Region, From 2020-2025 ( USD Billion )
  2. Global Aircraft Engine Blades Market By Type, From 2020-2025 ( USD Billion )
  3. Global Fan Blades Market By Region, From 2020-2025 ( USD Billion )
  4. Global Compressor Blades Market By Region, From 2020-2025 ( USD Billion )
  5. Global Turbine Blades Market By Region, From 2020-2025 ( USD Billion )
  6. Global Aircraft Engine Blades Market By Application, From 2020-2025 ( USD Billion )
  7. Global Commercial Market By Region, From 2020-2025 ( USD Billion )
  8. Global Military Market By Region, From 2020-2025 ( USD Billion )
  9. Global General Aviation Market By Region, From 2020-2025 ( USD Billion )
  10. Global Aircraft Engine Blades Market By Material, From 2020-2025 ( USD Billion )
  11. Global Titanium Market By Region, From 2020-2025 ( USD Billion )
  12. Global Nickel Alloy Market By Region, From 2020-2025 ( USD Billion )
  13. Global Composites Market By Region, From 2020-2025 ( USD Billion )
  14. Global Aluminum Alloy Market By Region, From 2020-2025 ( USD Billion )

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