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Commercial Aircraft Propeller Systems Market Global Research Report 2018 Analysis & Forecast to 2021
Market Research Future added New Report Named "Global Commercial Aircraft Propeller Systems Market Research Report- Forecast 2021" to its Database.
Global Commercial Aircraft Propeller Systems Market by Solution (Blades, Hub Systems, and Digital Electronic Controls) and by Geography - Forecast To 2021
The leading market players in the global commercial aircraft propeller systems market primarily include Airmaster, Dowty Propellers, Hartzell Propeller, McCauley, UTC Aerospace Systems, Culver Props, Curtiss-Wright, Electravia, and WhirlWind Propellers.
Commercial Aircraft Propeller Systems Market – Market Overview:
Commercial aircraft propeller systems find their application in piston-engine and turboprop-powered aircraft. The systems include blades, hubs, and electronic controls. The number of blades in a propeller system ranges from three to six (in a commercial aircraft). The blades are either made of aluminum or composite. The key advantage that composite-based propeller blades offer is reduced weight, which in turn reduces the fuel consumption.
In commercial aviation, turboprop aircraft are primarily used for short-haul regional flights. As of 2015, turboprop accounted for 40% of the total global regional aircraft fleet (including regional jets). The average age of turboprop aircraft fleet is 19 years. North America and Europe have historically been the primary market for turboprops. However, the demand in APAC and the Middle East has further helped the market growth.
The market for turboprops had lost momentum with the rapid rise of regional jets since the mid-90s. However, they have started to regain the market share primarily in the regional transportation segment (aircraft with up to 100 seats).
A turboprop is considered to provide better fuel efficiency as compared to regional jets. Thus, with the rise in global fuel prices, turboprop is bound to become more popular among the regional airlines and low-cost carriers mostly operating in point-to-point short haul routes. Cost pressure plays an important role in airlines' choice for aircraft as it helps determine the operational cost.
OEMs, as well as PMA vendors, are involved in the manufacturing of propeller systems. Thus, the ongoing demand for turboprop aircraft largely supports the market for propeller systems.
Commercial Aircraft Propeller Systems Market – Segments:
For the convenience of the report and enhanced understanding; the commercial aircraft propeller systems market is segmented in to two key dynamics:
Segmentation by Solution: Blades, Hub Systems, and Digital Electronic Controls.
Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.
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