Based on engine, the aeroengine fan blades market is classified into turbojet, turbofan, and turboprop. Turbofan technology enhances the engine bypass ratio and turbine inlet temperature, resulting in improved performance & superior fuel efficiency. Aircraft manufacturers including Airbus and Boeing incorporate the turbofan technology into their aircraft including Boeing 737 and Airbus 320, positively influencing the market growth till 2024.
Based on aircraft, the segment is distinguished into commercial aviation, regional jets, business aviation, and military aircraft. The availability of a wide range of aircraft at varying price range targeting diversified customers is supporting the segment growth over the projected timeframe. Increasing demand for private aircraft along with an increasing preference for commercial aircraft owing to the proliferation of low-cost carriers is supporting the aeroengine fan blades market growth till 2024.