Commercial Aircraft Propeller Systems Market Research Report – Global Forecast 2016-2021
Global Commercial Aircraft Propeller Systems Market by Solution (Blades, Hub Systems, and Digital Electronic Controls) and by Geography - Forecast To 2021
Global Commercial Aircraft Propeller Systems Market by Solution (Blades, Hub Systems, and Digital Electronic Controls) and by Geography - Forecast To 2021
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<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong><br />
<strong>Market</strong> <strong>Research</strong> <strong>Report</strong> By <strong>Forecast</strong> To <strong>2021</strong><br />
Industry Survey, Growth, Competitive Landscape<br />
and <strong>Forecast</strong>s to <strong>2021</strong><br />
PREPARED BY<br />
<strong>Market</strong> <strong>Research</strong> Future<br />
(Part of Wantstats <strong>Research</strong> & Media Pvt. Ltd.)
<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> to <strong>2021</strong><br />
<strong>Global</strong> <strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> by Solution (Blades, Hub <strong>Systems</strong>, and Digital<br />
Electronic Controls) and by Geography - <strong>Forecast</strong> To <strong>2021</strong><br />
<strong>Commercial</strong> aircraft propeller systems find their application in piston-engine and turboprop-powered aircraft. The systems<br />
include blades, hubs, and electronic controls. The number of blades in a propeller system ranges from three to six (in a<br />
commercial aircraft). The blades are either made of aluminum or composite. The key advantage that composite-based<br />
propeller blades offer is reduced weight, which in turn reduces the fuel consumption.<br />
In commercial aviation, turboprop aircraft are primarily used for short-haul regional flights. As of 2015, turboprop<br />
accounted for 40% of the total global regional aircraft fleet (including regional jets). The average age of turboprop aircraft<br />
fleet is 19 years. North America and Europe have historically been the primary market for turboprops. However, the<br />
demand in APAC and the Middle East has further helped the market growth.<br />
The market for turboprops had lost momentum with the rapid rise of regional jets since the mid-90s. However, they have<br />
started to regain the market share primarily in the regional transportation segment (aircraft with up to 100 seats).<br />
A turboprop is considered to provide better fuel efficiency as compared to regional jets. Thus, with the rise in global fuel<br />
prices, turboprop is bound to become more popular among the regional airlines and low-cost carriers mostly operating in<br />
point-to-point short haul routes. Cost pressure plays an important role in airlines' choice for aircraft as it helps determine<br />
the operational cost.<br />
OEMs, as well as PMA vendors, are involved in the manufacturing of propeller systems. Thus, the ongoing demand for<br />
turboprop aircraft largely supports the market for propeller systems.<br />
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<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> to <strong>2021</strong><br />
<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong><br />
The commercial aircraft propeller systems market is highly competitive and vendors compete in terms of cost, component<br />
reliability and quality, and market share. To sustain in such an intensely competitive environment, it is crucial for vendors to<br />
provide cost-effective and high-quality commercial aircraft propeller systems.<br />
The aerospace industry has witnessed an increased competition and cost pressure. There are also challenges associated<br />
with rising fuel costs and increase in price of raw materials. For the aerospace supply chain, it is a threat as well as an<br />
opportunity. The vendors with high level of innovation, increased adoption of new technologies, and investment in<br />
accordance to the changing market can benefit from the emerging opportunities and thrive in the long run. The vendors<br />
should also be capable to easily adjust and adopt according to the shift of market regions, to capture the new market share.<br />
Furthermore, the parts suppliers should coordinate with OEMs to create the products that are fully compliant with all the<br />
international aviation, environmental, safety, and quality standards. Cooperation with OEMs is also especially important to<br />
increase the reliability and longevity of complex systems.<br />
A trend for consolidation and restructuring in the aerospace industry has become popular worldwide. The aircraft<br />
aftermarket parts sector is one of the major sources of income for the majority of the aerospace firms and suppliers. Thus,<br />
this trend of consolidation is also felt in the aircraft parts industry including propeller manufacturers. Two major factors are<br />
responsible for this change. First, the vendors try to meet customer demands for broader offerings and second, easy capital<br />
availability in the market.<br />
The consolidation of aircraft part manufacturers and suppliers, both in OEM and aftermarket segment, has always been<br />
strong. Now with the motive for providing broader offerings, it is obvious that bigger and more diversified companies can<br />
provide more comprehensive services to customers. Along with the growth in scale and market presence of the company,<br />
one can offer more services across the globe. Thus, the parts market consolidation is likely to increase. For example, UTC<br />
Aerospace <strong>Systems</strong> was formed as a result of a merger between Hamilton Sundstrand and Goodrich. It manufactures<br />
propellers for many turboprop aircraft including ATR family of aircraft.<br />
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<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> to <strong>2021</strong><br />
<strong>Global</strong> <strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> ($ billion), <strong>2016</strong>-<strong>2021</strong><br />
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<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> to <strong>2021</strong><br />
<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> <strong>–</strong> Segmentation<br />
For the convenience of the report and enhanced understanding; the commercial aircraft propeller systems market is<br />
segmented in to two key dynamics:<br />
Segmentation by Solution: Blades, Hub <strong>Systems</strong>, and Digital Electronic Controls.<br />
Segmentation by Regions: Comprises Geographical regions <strong>–</strong>Americas, Europe, APAC and Middle East and Africa.<br />
<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> <strong>–</strong> Regional Analysis<br />
APAC region has emerged as one of the potential markets for turboprop sales. As a result, manufacturers are focusing their<br />
new product launch targeting this region. For example, ATR, one of the leader in turboprop sales in the APAC market has<br />
launched two new versions of its ATR 72-600 in the region. The launch customers for both the versions are from APAC<br />
region, namely Cebu Pacific from Philippines and Air Niugini from Papua New Guinea.<br />
ATR 72-600 consists of 568F-bladed propellers from Hamilton Sundstrand (merged with Goodrich in 2012 to form UTC<br />
Aerospace <strong>Systems</strong>). The company provides complete propeller system solutions including blades, hubs, and digital<br />
electronic controls that incorporate aerodynamics as well as control dynamics.<br />
China, India, and the Philippines are some of the emerging aviation and aircraft propeller systems market in the APAC<br />
region, and their growth rates are expected to surpass other regions (EMEA and Americas) over the period <strong>2016</strong>-<strong>2021</strong>. The<br />
aircraft propeller systems market is expected to grow in the future because of increased aircraft demand, aviation MRO<br />
activities, and aircraft parts production capability.<br />
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<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> to <strong>2021</strong><br />
Segmentation<br />
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<strong>Commercial</strong> <strong>Aircraft</strong> <strong>Propeller</strong> <strong>Systems</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> to <strong>2021</strong><br />
Key Players:<br />
The leading market players in the global commercial aircraft propeller systems market primarily include Airmaster, Dowty<br />
<strong>Propeller</strong>s, Hartzell <strong>Propeller</strong>, McCauley, UTC Aerospace <strong>Systems</strong>, Culver Props, Curtiss-Wright, Electravia, and WhirlWind<br />
<strong>Propeller</strong>s.<br />
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