Overview and Scope
Aircraft engine blades are one of the critical components of a jet engine. They are responsible for converting the energy of the hot, expanding gases into rotational energy that powers the engine’s fan or compressor.
Sizing and Forecast
The aircraft engine blade market size has grown strongly in recent years. It will grow from $15.4 billion in 2023 to $16.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to aerospace industry growth, increased air travel demand, military aviation needs, r&d in materials science, demand for fuel efficiency, rise in low-cost carriers.
The aircraft engine blade market size is expected to see strong growth in the next few years. It will grow to $22.59 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to stringent aviation safety standards, electrification of aviation, integration of additive manufacturing, growing regional aviation markets, renewal of aging aircraft fleets. Major trends in the forecast period include strategic alliances in aerospace, data-driven engine maintenance, advancements in blade coating technologies, lightweight structures, incorporation of 3d printing technology, integration of sensor technologies.
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Segmentation & Regional Insights
The aircraft engine blade market covered in this report is segmented –
1) By Blade Type: Compressor Blades, Turbine Blades, Fan Blades
2) By Blade Size: 0-20, 21-40, 41-60
3) By Material: Titanium, Nickle Alloy, Composites, Other Materials
4) By Aircraft Type: Commercial Aircraft, General Aviation, Regional Aircraft, Military Aircraft
5) By End User: Original Equipment Manufacturer (OEM), Aftermarket
North America was the largest region in the aircraft engine blade market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aircraft engine blade market duirng the forecast period. The regions covered in the aircraft engine blade market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The surge in adopting cost-effective and fuel-efficient aircraft is expected to propel the growth of the aircraft engine blade market going forward. Cost-effective and fuel-efficient aircraft are designed to reduce operating costs and improve environmental sustainability, and they are equipped with advanced technologies to enhance fuel efficiency, reduce emissions, and lower maintenance costs. Aircraft engine blades are used in various cost-effective and fuel-efficient aircraft that increase their durability. For instance, in July 2022, as per the Commercial Market Outlook (CMO) 2022 released by the Boeing Company, a US-based aircraft industry company, the demand for fuel-efficient aircraft would rise to 41,000 airplanes by 2041. Therefore, the surge in adopting cost-effective and fuel-efficient aircraft drives the aircraft engine blade market.
Key Industry Players
Major companies operating in the aircraft engine blade market report are CFM International, General Electric Company, Rolls-Royce Holdings plc, MTU Aero Engines AG, Albany International Corporation, Doncasters Group Limited, Safran S.A., Farinia S.A., RTX Corporation, AeroEdge Co. Ltd., GKN Aerospace Pvt. Ltd., Honeywell International Inc., Alcoa Corporation, Hi-Tek Manufacturing Pvt. Ltd., Aviadvigatel OJSC, PowerJet Engineering LLP, Textron Inc., Pratt & Whitney, Perm Engine Corporation, Omsk Engine Design Bureau, Aviastar-SP JSC, Howmet Aerospace Inc., Precision Castparts Corp., Avio Aero, Mitsubishi Heavy Industries Ltd., IHI Corporation, Kawasaki Heavy Industries Ltd., Siemens AG, Leonardo S.p.A., Liebherr Group
The aircraft engine blade market report table of contents includes:
1. Executive Summary
- Aircraft Engine Blade Market Characteristics
- Aircraft Engine Blade Market Trends And Strategies
- Aircraft Engine Blade Market – Macro Economic Scenario
- Global Aircraft Engine Blade Market Size and Growth
.
- Global Aircraft Engine Blade Market Competitive Benchmarking
- Global Aircraft Engine Blade Market Competitive Dashboard
- Key Mergers And Acquisitions In The Aircraft Engine Blade Market
- Aircraft Engine Blade Market Future Outlook and Potential Analysis
- Appendix
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