published Date SEP 2018

Aircraft Propeller Systems Market is expected to reach a CAGR of over 4% during the forecast period (2018 – 2023)

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.

To know more about the coverage of the Aircraft Propeller Systems Market report, click the below link:

https://www.mordorintelligence.com/industry-reports/aircraft-propeller-systems-market

Key Insights of the Report:

  • North America currently holds a major share in the global aircraft propeller systems market due to increasing procurements of aircraft in the military, commercial, and general aviation in the United States. Additionally, due to the presence of major propeller systems manufacturers in the United States that are engaged in the R&D for improving the design of blades of advanced propeller systems.
  • The Asia Pacific is estimated to have the highest growth during the forecast period due to increasing demand for turboprop aircraft in the commercial and general aviation sectors of countries, like China, India, Japan, and others.
  • Mordor Intelligence has identified key players in the aircraft propeller systems market, such as United Technologies Corporation, Dowty Propellers (General Electric Co.), Textron Inc., Hartzell Propeller Inc., and MT-Propeller among others.

Mordor Intelligence has segmented global aircraft propeller systems market based on application, end user, and geography.

Aircraft Propeller Systems Market, Segmented by Application

  • Commercial
  • Military
  • General Aviation

Aircraft Propeller Systems Market, Segmented by End-User

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Aircraft Propeller Systems Market, Segmented by Geography

North America

  • United States
  • Canada

Europe

  • United Kingdom
  • France
  • Italy
  • Germany
  • Russia

Asia-Pacific

  • China
  • India
  • Japan
  • Australia

South America

  • Brazil

Middle East & Africa

  • Saudi Arabia
  • United Arab Emirates
  • South Africa

Get a free overview on Aircraft Propeller Systems Market Report (2018-2023)

About Mordor Intelligence, LLP

Mordor Intelligence operates in the business of industry analysis & consulting, helping clients shape their strategic decisions. In today’s fast-paced and competitive business environment, every customer has a unique information requirement. Having understood this, the company offers custom market intelligence and advisory services along with its syndicated reports, to help them gain an edge over the competition. The company has successfully catered to over 500 clients across the following industries. For more insights, please visit, https://www.mordorintelligence.com

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