The Future of Aeroengine Fan Blades Market in the forecast period (2019-2024) as predicted by Stratview Research

The report on Aeroengine Fan Blades to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2019 – 2014

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This report, from Stratview Research, studies the global aeroengine fan blades market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Aircraft Type Segment
The global 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.

Engine Type Segment
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.

Material Type 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.

Region Wise Segment
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.

Check the Table of Contents to browse through the report better: https://www.stratviewresearch.com/toc/348/Aeroengine-Fan-Blades-Market.html

Highlights of the Report:
The global 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 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.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Know more about us and our reports:
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