Aeroengine Fan Blades Market is projected to grow at a healthy rate over the next five years

The research report is published in the March 2018 with 206 pages of a detailed analysis.

Launching announcement of a new research report on Aeroengine Fan Blades Market which is projected to reach US$ 8,114.7 million in 2024- forecasted by Stratview Research. The study provides an in-depth analysis by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Aircraft, and Military Aircraft), by Engine Type (Turbofan Engine, Turboprop Engine, and Turbojet Engine), by Material Type (Titanium & Alloys, Composites, Aluminium & Alloys, and Steel), by Process Type (Hand Layup, Resin Transfer Molding, Superplastic Forming, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.

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Aeroengine Fan Blades Market: Highlights

Fan blades are among the most important components of an aircraft engine. There has been an evolutionary change in the design, size, structures, materials, and manufacturing process of fan blades over the past few decades. A large number of experimental and computational analysis have been carried out in engine fan blades, which have resulted in a change in design and efficiency of blades. Lightweight, increased engine thrust and efficiency, low-operating-cost, and laminar airflow into the engine are some focal points of development that are being achieved through the advancements in fan blade technologies.

Curved, Lighter, Thinner, and Fewer are the four big needs in aeroengine fan blades observed in the industry. Composites have gradually been becoming the materials of choice for achieving these four industry needs. Besides thinner and fewer in numbers; composite fan blades also spin faster that ultimately helps to generate higher thrust and by-pass ratio. GE Aviation is the first company to incorporate carbon composite materials in aero engine fan blades for a jet engine. The era of composite fan blades started way back in the 1990s with GE’s GE90 engine powering Boeing 777 aircraft program.

This became a huge success for GE Aviation as it contributed B777 in gaining excellent thrust and being among the most fuel-efficient and reliable commercial aircraft. GE Aviation’s success of composite fan blades influenced its adoption in succeeding generations of commercial engines including GEnx and the new GE9X.

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The aeroengine fan blades market is projected to grow at a healthy
rate over the next five years to reach US$ 8,114.7 million in 2024. An organic growth of the aircraft industry, increasing share of wide-body aircraft in commercial aircraft deliveries, increasing penetration of composite fan blades in newer aircraft engines, increasing fan diameters of newer aircraft, and an expected increase in production of LEAP engines, are the key growth drivers of aeroengine fan blades market.

The aeroengine fan blades market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Aircraft, and Military Aircraft. Narrow- and wide-body aircraft are likely to remain the growth engines of the market during the forecast period. Increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and an increasing demand for lightweight composite fan blades are likely to offer a sustainable growth platform for fan blades in these segments in the coming years.

Based on the engine type, turbofan aeroengine fan blade is likely to remain the most dominant as well as the fastest-growing segment of the market during the forecast period. Turbofan engines are the most commonly used engine type in the commercial aircraft, which is the major why and wherefore behind their dominance in the market. Increasing production of turbofan engines to support the increasing commercial aircraft production rates, as well as increasing penetration of lightweight composite fan blades, are substantiating the demand for fan blades in the engine segment.

Based on the material type, titanium blade is likely to remain the most dominant type in the market during the forecast period of 2019 to 2024, whereas composite blades are likely to experience the highest growth during the same period, driven by their usage in the newer variants of engines, such as LEAP engines, which are empowering the world’s best-selling model’s fuel-efficient variants (B737 max and A320neo) and GEnx engine empowering B787. Aeroengine fan blades have been undergoing a disruptive transformation from the traditional metallic blades to composite blades.

Epoxy resin with carbon fiber is predominantly used material type for
manufacturing composite fan blades. These materials are giving good competition to the most widely used titanium materials for fan blades.
Based on the regions, North America is projected to remain the largest market during the forecast period, driven by the world’s leading aeroengine manufacturers i.e. GE Aviation, CFM International, and Pratt & Whitney. Most of the major engine manufacturers have assembly plants in the region to support the major aircraft OEMs. The USA is likely to remain the growth engine of the region’s market over the next five years.

Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.

The supply chain of this market comprises raw material suppliers, aeroengine fan blade manufacturers, engine manufacturers, aircraft OEMs, airlines, and aircraft leasing companies. The key aeroengine fan blade manufacturers are Safran Aircraft Engines, GE Aviation, Pratt & Whitney, Rolls-Royce, Albany/Safran, CFAN Company, and GKN Aerospace. The development of lightweight fan blades with an ease of manufacturing processes; reduced operational cost, and improved thrust or performance and formation of strategic alliances are the key strategies adopted by the players to gain a competitive edge in the market.

Report Features

The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
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