Aircraft Engine Blade Market Analysis: Major Players, Lucrative Segments And Top Geographies
21 Jul, 2023
The global aircraft engine blade market size is expected to grow from $14.20 billion in 2022 to $15.40 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft engine blade market size is expected to reach $20.86 billion in 2027 at a CAGR of 7.9%.
Global Aircraft Engine Blade Market Key Driver
The increased adoption of cost-effective and fuel-efficient aircraft is likely to drive future growth in the aviation engine blade market. Aircraft that are cost-effective and fuel-efficient are designed to minimise operating costs and increase environmental sustainability, and they are outfitted with innovative technologies to improve fuel efficiency, reduce emissions, and lower maintenance costs. Aircraft engine blades are employed in a variety of low-cost, fuel-efficient aircraft to boost their durability.
Get a sample of the global aircraft engine blade market reportGlobal Aircraft Engine Blade Market Segments
The global aircraft engine blade market is segmented:
1) By Blade Type: Compressor Blades, Turbine Blades, Fan Blades
2) By Aircraft Type: Commercial Aircraft, General Aviation, Regional Aircraft, Military Aircraft
3) By Blade Size: 0-20, 21-40, 41-60
4) By Material: Titanium, Nickle Alloy, Composites, Other Materials
5) By End User: Original Equipment Manufacturer (OEM), Aftermarket
6) By Geography: The regions covered in the aircraft engine blade market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global aircraft engine blade market.
Major Aircraft Engine Blade Industry Players
CFM International, GE Aviation, Rolls-Royce Holdings Plc., MTU Aero Engines AG, Albany International Corporation, Doncasters Group Limited, Safran S.A., IHI Corporation, Farinia S.A., Raytheon Technologies Corporation, General Electric Company, AeroEdge Co. Ltd., Collins Aerospace, GKN Aerospace, Honeywell Aerospace
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Aircraft Engine Blade Market Overview
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.
Aircraft Engine Blade Global Market Report 2023 provides data on the global aircraft engine blade market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aircraft engine blade market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.