Market Share of Aircraft Engine Blades Industry
- The aircraft engine blades market is moderately consolidated in nature, with few players holding significant shares in the market. Some prominent market players are Safran SA, General Electric Company, Raytheon Technologies Corporation, Alcoa Corporation, and Albany International Corp. The key players in the market are focusing on the development of low-weight and efficient engine blades for different types of aircraft. Growing expenditure on the R&D of new-generation engines and the introduction of composite aircraft engine blades will create better opportunities for market players in the coming years.
- Moreover, engine manufacturers are increasingly purchasing smaller blade producers to acquire access to manufacturing technologies such as additive manufacturing, which can enhance their total production rate. For instance, Raytheon Technologies Corporation is one of the key competitors in the aerospace supply chain due to its overwhelming dominance in the supply chain and its presence in every step of the aircraft and engine manufacturing process, including aftermarket.
Aircraft Engine Blades Market Leaders
General Electric Company
Safran SA
Raytheon Technologies Corporation
Albany International Corp.
Alcoa Corporation
*Disclaimer: Major Players sorted in no particular order
