Market Size of Aircraft Engine Blades Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Aircraft Engine Blades Market Analysis
The aircraft engine blades market is anticipated to register a CAGR of over 5.5% during the forecast period.
- The COVID-19 pandemic significantly impacted aircraft suppliers worldwide, impairing several aspects of the value chain, such as a dip in demand, financial exposure, worker impairment, and supply disruptions. Some of these disruptions are still persistent in the sector, which has limited the growth of the aircraft engine blades market to a certain extent. The commercial aviation sector has partially recovered from the setback driven by growth in fleet size due to passenger traffic growth. Since the military aviation sector was minimally affected due to the pandemic, considering the deployment of turbine engine blades in military aircraft, the considerable rise in military spending may boost industry recovery.
- The demand for engines and other aviation-related components has expanded dramatically, creating demand-side pressure on the engine OEMs and compelling them to expand their manufacturing capabilities to cater to the growing demand. New aviation emission norms are also encouraging operators to opt for a modern low-emission engine for their fleet to ensure compliance with the emerging emission standards across the globe. The new-generation engines require extensive R&D, thereby driving the resources invested toward developing and producing new-generation engines for modern aircraft models.
