The “Aircraft Engine Blade Market Report: Trends, Forecast and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global aircraft engine blade market is expected to reach an estimated $31.0 billion by 2023 with a CAGR of 3.1% from 2018 to 2023.
The future of the global aircraft engine blade market looks promising with opportunities in commercial, general aviation, regional, and military aircraft. The major growth drivers for this market are increasing aircraft deliveries and periodic replacement of engine blades.
An emerging trend which has direct impact on the dynamics of this industry includes growing use of lightweight materials.
Some of the aircraft engine blades companies profiled in this report include CFM International, GE Aviation, and UTC Aerospace, Rolls-Royce Holdings PLC, MTU Aero Engine, and Albany International Corporation and others..
The report forecasts that the blades for compressor application are expected to remain the largest segment over the forecast period due to the requirement for a higher number of blades in aircraft engine compressors. Blades for turbine applications are expected to witness the highest growth over the forecast period.
Within this market, engine blades used in commercial aircraft will remain the largest segment and also are expected to witness the highest growth due to the increasing commercial aircraft deliveries and the development of new aircraft programs.
North America will remain the largest region and witness the highest growth over the forecast period. The presence of major aircraft engine manufacturers in this region is driving the demand for engine blades.