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Aircraft Engine Blade Market in Fan Blades is Expected to Account a Significant Share Over the Projected Timeframe| Key Players are Safran Aircraft Engines, Pratt & Whitney, GE Aviation, Rolls Royce, CFAN Company, and GKN Aerospac
Aircraft Engine Blade Market
Technological advancements in the product are expected to significantly boost the aircraft engine blade market share over the projected timeframe. For instance, in 2017, Rolls Royce launched its single-crystal turbine blades, that are made with the combination of nickel and aluminum alloys. Additionally, the single-crystal structure enables for bearing heavier mechanical loads resulting from the high rotational speeds, thereby improving efficiency.
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Aircraft Engine Blade Market is predicted to observe healthy CAGR during the forecast period impelled by increasing aircraft production on account of improving air passenger travel along with the proliferation of low-cost carriers. Increasing defense budget globally are providing a positive outlook for the industry expansion.
Based of material, the aircraft engine blade market share is segmented into titanium & alloys, composites, aluminum & alloys, and steel. Titanium blades are expected to showcase a considerable growth on account of the benefits offered by the material including superior strength and lower weight. The increasing adoption of titanium for new engine variants including Leap engines further expands the segment size over the forecast timeframe.
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The aircraft engine blade market share based on type can be classified into fan blades, compressor blades, and turbine blades. The fan blades will account for a significant share over the projected timeframe. This can be credited to the usage of these blades for carrying out the aircraft propulsion operations. Additionally, the advanced intake, compression, power, and exhaust operations carried out by such fans for efficient flight operation further strengthens the segment share.
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Stringent regulatory policies and standards are promoting aviation safety and are providing a positive outlook for the aircraft engine blade market expansion. For instance, in April 2018, the Federal Aviation Administration (FAA) announced the inspections of aircrafts operating in the U.S. These encourages industry participants to continuously test and evaluate their engine blade products appropriately prior to commercializing.
The aircraft engine blade market share based on fit can be classified into line fit and retrofit. Retrofit will account for a considerable growth owing to the requirement for replacements after certain flight cycles to maintain airworthiness. Additionally, the continuous blade operation across diversified altitude and climatic conditions contributes towards wear and tear, thereby supporting the segment share expansion over the study timeframe.
North America will account for a significant share in the aircraft engine blade industry. This can be attributed to the presence of multiple industry players including GE Aviation, CFM International, and Pratt & Whitney among others offering their components and parts to major aircraft manufacturers. Additionally, industry players are also investing in expanding their business and production plants across the region for supporting aircraft production.
Some of the major players operating in the aircraft engine blade market share include Safran Aircraft Engines, Pratt & Whitney, GE Aviation, Rolls Royce, CFAN Company, and GKN Aerospace. Industry players are continuously investing in R&D for developing advanced aircraft engine blade for improving aircraft durability and reliability.
Browse Related Report: Commercial Airport Baggage Handling Systems Market Size in North America Region is Expected to Remarkable Growth By 2024 : https://www.marketwatch.com/press-release/commercial-airport-baggage-handling-systems-market-size-in-north-america-region-is-expected-to-remarkable-growth-by-2024-2019-05-20
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