Le Lézard
Classified in: Tourism and vacations, Transportation
Subject: SVY

The aircraft propeller system market is projected to reach USD 329.9 million by 2022


LONDON, Nov. 14, 2017 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5196131

The aircraft propeller system market is estimated to be USD 246.6 million in 2017 and is projected to reach USD 329.9 million by 2022, at a CAGR of 5.99% during the forecast period from 2017 to 2022. The growing demand for lightweight and fuel-efficient aircraft and rising number of deliveries of Special Light-Sport Aircraft (SLSA) across the globe are expected to drive the growth of the aircraft propeller system market during the forecast period. Moreover, the growing use of unmanned aerial vehicles in various military applications across the globe is also leading to the growth of the aircraft propeller system market. However, lack of efficiency of turboprop engine aircraft at high altitudes, and formulation and implementation stringent regulatory norms for the manufacturing and developing standard aircraft propeller systems to ensure safe flight operations are expected to act as restraints to the growth of the aircraft propeller system market between 2017 and 2022.

"Among materials, the composite subsegment is projected to lead the blades component segment of the aircraft propeller system from 2017 to 2022."
Based on material, the composite subsegment is projected to lead the blades component segment of the aircraft propeller system market from 2017 to 2022. The propellers made from the composite material are widely used in different types of aircraft that are employed for civil & commercial and military applications. The other materials used for developing aircraft propellers by manufacturers are metal, composites, and wood. Selection of the material used for propeller blades depends on the size of the aircraft and its applications.

"The controllable pitch propeller subsegment of the varying pitch propeller segment of the aircraft propeller system market is expected to grow at the highest CAGR during the forecast period."
Controllable pitch propellers have movable components present in them. These propellers also provide increased control over maneuvering of an aircraft, especially when there is a disparity in aircraft loads and variations in climatic conditions.

"The Asia Pacific aircraft propeller system market is projected to grow at the highest CAGR from 2017 to 2022."
The aviation industry is growing at a significant pace in the Asia Pacific region due to increasing air passenger traffic and improving economic conditions in the region. The growth in the air passenger traffic in the region has resulted in increased demand for new lightweight and fuel-efficient aircraft, which is expected to fuel the demand for aircraft propeller systems from the Asia Pacific region during the forecast period.

The break-up of profiles of primary participants in this report:

Hartzell Propeller (US), MT-Propeller (Germany), McCauley Propeller Systems (US), Dowty Propellers (UK), FP Propeller S.r.l. (Italy), and Ratier-Figeac (France) are some of the top players profiled in this report on the aircraft propeller system market.

Research coverage
This study segments the aircraft propeller system market based on end-use industry, aircraft type, propeller type, component, and region. From an insight perspective, the aircraft propeller system market report focuses on industry analysis (industry trends), market share analysis of the top players, and company profiles. These insights together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the aircraft propeller system market, high-growth regions, and drivers, restraints, opportunities, and challenges for the market.

Reasons to buy this report:The report provides insights on the following pointers:

Download the full report: https://www.reportbuyer.com/product/5196131

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
https://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

 

SOURCE ReportBuyer


These press releases may also interest you

at 17:30
Magna International Inc. today announced that its 2023 Annual Report, including Management's Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company's...

at 17:30
TuanChe Limited ("TuanChe" or the "Company") , a leading integrated automotive marketplace in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission...

at 17:26
NaaS Technology, the first U.S. listed EV charging service company in China, announced remarkable financial growth and operational highlights in its newly-released unaudited financial results for the fourth quarter and full year ended December 31,...

at 16:30
World Kinect Corporation invites you to participate in a conference call with its management team on Thursday, April 25, 2024, at 5:00 p.m. Eastern Time to discuss the company's first quarter 2024 results, as well as certain forward-looking...

at 16:30
Cheche Group Inc. ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it has entered into a partnership with Beijing Houji Insurance Brokerage Co., Ltd. ("Beijing Houji"), an affiliate of Xiaomi...

at 16:30
Nuvve Holding Corp. (Nuvve) , a green energy technology company that provides a globally-available, commercial vehicle-to-grid (V2G) technology platform designed to enable electric vehicle (EV) batteries to store and resell unused energy back to the...



News published on and distributed by: