Turbine Blades and Vanes Market 2018 Global Commercial Aircraft Industry Analysis By Size, Share, Growth Factors, Competitive Landscape, With Regional Forecast To 2023

Market Highlights:

Blades and vanes in aircraft turbine engines are responsible for extracting energy from the high pressure and high temperature gas generated in combustion chamber. As such, they are designed and manufactured to withstand high pressure and temperature for long durations. To last in this tough environment, turbine blades often use different methods of cooling, such as thermal barrier coatings, internal air channels, and boundary layer cooling. Blade fatigue is a major source of failure in turbines. Fatigue is caused by the stress induced by vibration and resonance within the operating range of machines.

Majority of the turbine blades are made of nickel-titanium-aluminum alloys, whereas some blades are made of ceramic materials; these materials can sustain high temperature and pressure. Moreover, high resistance to corrosion, high-tensile strength, and high resistance to extreme temperatures are other properties that materials must have, for use in manufacture of aircraft turbine blades and vanes. In search of continuous improvement in the aero-engine technology and components, new materials with improved properties are largely being used in the aerospace industry. Hence, Innovations in the turbine blade material is a new trend in this market.

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Major Key Players

GKN Aerospace (U.K), GE Aviation (U.S.), Rolls Royce (U.K), Turbocam International (U.S.), Chromalloy (U.S.), UTC Aerospace Systems (U.S.), Hi-Tek Manufacturing (U.S.), Moeller Aerospace (U.S.), The Robert E. Morris Company (U.S.), and Snecma (France) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global commercial aircraft turbines blades and vanes market.

According to MRFR, The global Commercial Aircraft Turbines Blades And Vanes Market is estimated to witness a CAGR of more than 6% during the forecast period.

Industry Updates:

Jan 2018 An advanced Turboprop engine developed by GE Aviation is the first clean-sheet turboprop engine to enter the Business and General Aviation (BGA) market in more than 30 years, has positively finished its first engine test run at GE Aviation’s facility in the Czech Republic. It is the first turboprop engine in its class to present two phases of variable stator vanes and cooled high-pressure turbine blades, verified technologies developed by GE in its big commercial engines and has flown for more than 1.3 billion flight hours. The Advanced Turboprop engine’s large commercial and regional engines have significantly lessened engine development timing and risk.

Industry Segments

The segmentation of the commercial aircraft turbine blades and vanes market is segmented on the basis of material, aircraft type, regions and engine types. The segmentation of the market on the basis of by material consists of titanium alloys, steel & nickel alloys and others. The segmentation on aircraft type comprises of rotary wing and fixed wing. The regions that are a covered in the market comprise APAC, Europe, North Africa, Middle East and Africa. The engine type segment comprises of segments such as turboprop, turboshaft, and turbofan.

Detailed Regional Analysis

The regional analysis of the market consists of regions such as North America, APAC, Europe, Middle East, Africa and rest of the world. The APAC region is poised to control the commercial aircraft turbine blades and vanes market globally through the forecast period. As per the MRFR analysis, the APAC region will carry on its control in the forecast period to achieve high growth in terms of revenue while growing at a CAGR of 8%. Whereas, the Americas and EMEA will grow at a positive CAGR of through the forecast period.

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Target Audience
• Turbine Blades and Vanes OEMs
• Engine OEMs
• Component Suppliers
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

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This release was published on openPR.