Aircraft Engine Blades Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Aircraft Engine Blades Market is Segmented by Blade Type (Compressor Blades, Turbine Blades, and Fan Blades), Application (Commercial, Military, and General Aviation), Material (Titanium, Nickel Alloy, Composites, and Other Materials), and Geography.

Market Snapshot

aircraft engine blades market 2020
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >5.5 %

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Market Overview

The aircraft engine blades market is anticipated to register a CAGR of over 5.5% during the forecast period.

  • Demand for new engines generates demand for compressor and turbine vanes and blades. With the growing aviation market, new orders for fuel-efficient aircraft may continue to drive the growth of the market.
  • Advancement in material technology to generate lightweight blades and fan structures is also supporting the growth of the market. Composites are one such development, which is becoming a trend in engine fan blades.
  • Moreover, the aircraft manufacturing industry is shifting toward electrical architecture, for various reasons. The reduction of aircraft emissions is one of the major driving forces for the adoption of electrical and hybrid-driven approaches. Such a shift toward newer architectures will further boost the penetration of agile technologies in fan, turbine, and compressor blade designs and manufacturing.  

Scope of the Report

Engine blades of aircraft include all blades and vanes, including the most exterior blades that intake air, the compressor blades, and turbine blades. The engines that are covered within the scope of the study are all types of turbine engines that have blades and vanes as part of the engine. The blades and vanes used in fans, turbines, and compressors are included in the study. The study excludes all aircraft propellers.
Blade Type
Compressor Blades
Turbine Blades
Fan Blades
Application
Commercial
Military
General Aviation
Material
Titanium
Nickel Alloy
Composites
Other Materials
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

The Commercial Segment is Expected to Register the Highest CAGR during the Forecast Period

In 2019, the commercial segment accounted for a major share in the aircraft engine blades market. This was mainly due to the increasing orders for newer generation aircraft by airlines, globally, to replace the aging fleet and to expand their offerings. The increased demand for commercial aircraft is a chain effect of the increased air passenger traffic, worldwide, which has, in turn, forced airlines to procure new-generation aircraft to ensure profitability. This has led to increased orders for gas turbine engines, as an aircraft is designed to work with only specific types of engines. Prominent engine OEMs are faced with a huge backlog of orders valued at more than USD 140 billion. Due to this, engine OEMs, such as Rolls-Royce Holding PLC, Pratt & Whitney (United Technologies Corporation), Safran SA Aircraft Engines, and General Electric Company are increasing their production through the expansion of existing facilities. Also, new aircraft programs, like Boeing 777X and Comac C919, are further expected to propel the demand for aircraft engine blades from this segment. Boeing 777X is powered by GE9X. The new engine developed by General Electric Company has 3D printed low-pressure turbine blades. GE also designed advanced carbon-fiber composite fan blades for its new engine.

Aircraft Engine Blades Market_Application

Asia-Pacific is Expected to Generate the Highest Demand During the Forecast Period

Asia-Pacific is currently experiencing a steep rise in the number of passengers opting for air travel. This has forced the various airlines operating in the region to expand their fleet size. According to Boeing, over 17,000 aircraft are expected to be delivered over the next two years. China and India are the major demand generating countries. Additionally, several engine parts manufacturers are expanding in the Asia-Pacific region, along with aircraft OEMs, to reduce supply chain complexity, as well as to tap into the emerging potential market. Moreover, the increasing military spending is expected to bolster the military aircraft developments and procurements, and the growing general aviation fleet in the region is further expected to propel the growth of the aircraft engine blades market in the region, during the forecast period.

Aircraft Engine Blades Market_Geography

Competitive Landscape

The aircraft engine blades market is primarily dominated by aircraft engine manufacturers. There is a growing trend, where engine manufacturers are acquiring smaller blade manufacturers to gain access to manufacturing technologies, like additive manufacturing, which can increase their overall production rate. For instance, United Technologies Corporation is one of the key competitors in the aerospace supply chain, due to overwhelming dominance in the supply chain and their presence in every step of the aircraft and engine manufacturing process, including aftermarket. The prominent players in the aircraft engine blades market are Collins Aerospace, General Electric Company, MTU Aero Engines AG, Arconic Inc., and Safran SA. Companies are tapping into emerging markets to enlarge their market presence. Rolls-Royce Holding PLC opened an engine assembly and test facility earlier in 2012 to manufacture hollow titanium wide chord fan blades. The facility has a production capacity of 8,600 fan blades per year.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Blade Type

      1. 5.1.1 Compressor Blades

      2. 5.1.2 Turbine Blades

      3. 5.1.3 Fan Blades

    2. 5.2 Application

      1. 5.2.1 Commercial

      2. 5.2.2 Military

      3. 5.2.3 General Aviation

    3. 5.3 Material

      1. 5.3.1 Titanium

      2. 5.3.2 Nickel Alloy

      3. 5.3.3 Composites

      4. 5.3.4 Other Materials

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 France

        3. 5.4.2.3 Germany

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Mexico

        3. 5.4.4.3 Rest of Latin America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Company Profiles

      1. 6.2.1 Collins Aerospace (United Technologies Corporation)

      2. 6.2.2 Albany International Corp.

      3. 6.2.3 Farinia Group

      4. 6.2.4 Hi-Tek Manufacturing

      5. 6.2.5 General Electric Company

      6. 6.2.6 AeroEdge Co. Ltd

      7. 6.2.7 Alcoa Corp

      8. 6.2.8 Doncasters Group Ltd

      9. 6.2.9 Safran SA

      10. 6.2.10 IHI AEROSPACE Co. Ltd

      11. 6.2.11 MTU Aero Engines AG

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Aircraft Engine Blades Market market is studied from 2018 - 2026.

The Aircraft Engine Blades Market is growing at a CAGR of >5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Collins Aerospace (United Technologies Corporation), General Electric Company, Albany International Corp., Alcoa Corp., Safran SA are the major companies operating in Aircraft Engine Blades Market.

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