August 1, 2018: The Aircraft Propeller Systems Market is expected to reach a CAGR of over 4%, as per a new report published by Mordor Intelligence, LLP. The market is expected to grow owing to factors, such as increasing demand for lightweight and fuel-efficient aircraft over the world, the adaptation of electric technologies for improving efficiency, and growing deliveries of particular light-sport aircraft are expected to reinforce growth prospects over the forecast period.
GE Catalyst Advanced Turboprop is an advanced turboprop engine, which is under development by GE Aviation for powering Cessna Denali. This turboprop engine has 900- to 1,700-shp and provide better performance than current turboprop technology with improved product support, simplified flying experience by reducing pilot workload, and has the parts that are manufactured using 3-D printing (additive manufacturing techniques). Development of such advanced turboprop engines generates demand for lightweight and efficient propeller systems, thereby creating an impact on the market.
Engine failures are one of the common problems that act as the hindering factors for the growth of this market. These engine failures can be due to mechanical problems inside the engine, like damage to portions of the turbine or oil leaks, or it can happen outside the engine, like fuel pump problems or fuel contamination. A turboprop engine failure can also be due to entirely external factors, like bird strikes, volcanic ash or weather conditions, like precipitation or icing. Recently Indigo's brand new ATR72-600 aircraft was forced to land within an hour of take-off due to low oil pressure in one of the two twin engines of the turboprop aircraft. Such incidents will decline the growth of turboprop engines, which have a direct impact on the aircraft propeller systems market.
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Key Insights of the Report:
Mordor Intelligence has segmented global aircraft propeller systems market based on application, end user, and geography.
Aircraft Propeller Systems Market, Segmented by Application
Aircraft Propeller Systems Market, Segmented by End-User
Aircraft Propeller Systems Market, Segmented by Geography
Middle East & Africa
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