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Global Aircraft Engine Blades Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented 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 Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Analysis from 2022 to 2027

Published: January, 2022
ID: 9196
Pages: 145
Formats: report pdf report excel report power bi report ppt

Aircraft Engine Blades Market Size (2022 to 2027)

The global aircraft engine blades market size is expected to reach USD 4.3 billion by 2027, growing at a CAGR of 3.1% from 2022 to 2027.

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. In addition, the blades and vanes used in fans, turbines, and compressors were included in the study. 

MARKET DRIVERS:

The major factors boosting the aircraft engine blades market are increased 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. Technological advances to create lightweight blades and fan structures are also supporting market growth. The aircraft manufacturing industry is also turning to electrical architecture for various reasons. Reducing aircraft emissions is another main driving force for adopting electric and hybrid driving schemes. The transition to these new architectures will further facilitate the penetration of agile technologies in designing and manufacturing fan blades, turbines, and compressors. These aspects are predicted to fuel the demand for aircraft engine blades in the coming years.

MARKET RESTRAINTS:

The high price of the compounds is a significant limitation observed in the global aircraft engine blades market. The cost of composite materials used in the aerospace industry is higher than the traditional materials used in aircraft manufacturing.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

CAGR

3.1%

Segments Covered

By Type, Application, Material & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

This research report on the global aircraft engine blades market has been segmented and sub-segmented into the following categories.

Aircraft Engine Blades Market – By Type:

  • Fan Blades
  • Compressor Blades
  • Turbine Blades

Based on type, the fan blades segment is predicted to have a significant proposition in the global market during the forecast period.

Aircraft Engine Blades Market – By Application:

  • Commercial Airplanes
  • Military Airplanes
  • General Aviation

Of these, the commercial segment dominates the global market due to the increasing demand for new aircraft from international and local airlines worldwide. The rise in air travel passengers, growth in tourism, increase in disposable income, and advances in technology are supporting the development of 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 budgets worldwide.

Aircraft Engine Blades Market – By Material: 

  • Titanium
  • Nickel Alloys
  • Composites
  • Aluminum Alloys
  • 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.

Aircraft Engine Blades Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

The Asia-Pacific aircraft engine blades market is foreseen to experience the highest growth rate in the global market during 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. As a result, 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 American aircraft engine blades market dominates the global market in terms of revenue share. It is 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.

KEY PLAYERS:

Some 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. In addition, 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.

RECENT DEVELOPMENTS:

  • 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 with advanced turbine blades manufactured with GE 3D printing technology. Also, printed parts provide excellent strength and low weight, dramatically improving the weight/flight ratio.
  • In April 2018, the Federal Aviation Administration (FAA) announced the inspection of aircraft operating in the United States, encouraging industry participants to test and evaluate engine blade products before commercialization continually.

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FAQ's

How big is the aircraft engine blades market?

As per our research report, the global market for aircraft engine blades is growing steadily and is predicted to be worth USD 4.3 billion by 2027.

What is the growth rate of the global aircraft engine blades market?

The global aircraft engine blades market is expected to grow at a CAGR of 3.1% from 2022 to 2027.

Which geographical region is dominating the aircraft engine blades market?

Geographically, the North American region is currently playing a dominating role in the global aircraft engine blades market.

Who are the major players in the global aircraft engine blades market?

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 are some of the notable players in the global aircraft engine blades market.

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