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This market research report presents a comprehensive analysis of the key drivers, challenges, and upcoming trends that influence market growth. It also outlines the market shares for key regions like the Americas, EMEA, and APAC. The prominent vendors analyzed in this market study are Airmaster, Dowty Propellers, Hartzell Propeller, McCauley, and UTC Aerospace Systems.
Outlook of the global commercial aircraft propeller systems market
The market research analyst predicts the global commercial aircraft propeller systems market to grow at a CAGR of approximately 4% by 2020.
Operators in the aviation industry are continuously striving to reduce their operating costs and increase their profit margins. Consequently, many vendors in the aviation industry are engaging in the development of new engines that will help to increase the operational and fuel efficiency of an aircraft. This will lead to the development of advanced propellers, which in turn will foster the prospects for market growth until the end of 2020.
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Factors such as the global economic recovery and the advent of improved aviation policies will lead to an increase in the number of air travelers during the forecast period. In 2014, approximately 21,600 aircraft were operational on a global scale, and the number is expected to grow at a CAGR of 4% annually by 2034. Also, with the advent of new technologies, vendors have had the opportunity to develop turboprop engines for the general aviation sector. For instance, GE Aviation, one of the major engine manufacturers, is expecting to observe $1 billion annual sales of such engines by 2020. The augmented sale of such engines will contribute towards the growth of this market over the next few years.
Geographical segmentation of the commercial aircraft propeller systems market
- Americas
- APAC
- EMEA
In this segmentation analysis, analysts have estimated the EMEA region to be the largest market for aircraft propellers during the forecast period. The growth of the aviation market in EMEA will be driven by the augmented procurement of aircraft fleet from the Middle East. During the forecast period, the Middle East is anticipated to witness the delivery of 9,860 aircraft, with passenger traffic projected to grow at a CAGR of 6.4% annually. As a result, the analysts at Technavio have estimated the market in this region to grow at a CAGR of approximately 2% until 2020.
Competitive landscape and key vendors
In 2015, GE Aviation teamed up with Textron to produce new turboprop engines for the general aviation market. The primary objective for the development of such an engine was to replace the PT6 turboprop engine. Similarly, other international players are also expected to launch similar products with investments in upgrading existing technologies. The competitive environment of this market is expected to intensify with an increase in R&D innovations and M&A in the coming years.
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The leading vendors in the market are -
- Airmaster
- Dowty Propellers
- Hartzell Propeller
- McCauley
- UTC Aerospace Systems
Other prominent vendors in the market include Culver Props, Curtiss-Wright, Electravia, Dowty Propellers (GE), and WhirlWind Propellers.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global commercial aircraft propeller systems market?
- What are the key market trends impacting the growth of the global commercial aircraft propeller systems market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global commercial aircraft propeller systems market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global commercial aircraft propeller systems market?
Table Of Contents – Major Key Points
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Aerospace and defense supply chain system
PART 07: Aerospace and defense value chain system
PART 08: Geographical segmentation
Segmentation of global commercial aircraft propeller systems market by geography
Commercial aircraft propeller systems market in Americas
Commercial aircraft propeller systems market in EMEA
Commercial aircraft propeller systems market in APAC
PART 09: Market drivers
PART 10: Impact of drivers
……..CONTINUED
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