Turboprop Aircraft Propeller System Vendor Landscape with SWOT Analysis 2017 to 2021

MarketResearchNest.com adds “Global Turboprop Aircraft Propeller System Market 2017-2021” new report to its research database. The report spread across 66 pages with table and figures in it.
Research analysts forecast the global turboprop aircraft propeller system market to grow at a CAGR of 3.47% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global turboprop aircraft propeller system market for 2017-2021. To calculate the market size, the report considers the new installations and retrofit/replacement market.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-turboprop-aircraft-propeller-system-market-2017-2021.html

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Turboprop Aircraft Propeller System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global turboprop aircraft propeller system market: AEROSILA, Dowty Propellers, Hartzell Propeller, and United Technology Corporation (UTC)

Other Prominent Vendors in the market are: AVIA PROPELLER, MT-Propeller Entwicklung, HOFFMANN PROPELLER, and McCauley Propeller Systems.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Use of next-generation composite materials for propeller models. The blades have complex airfoils that are designed to optimize the performance of the aircraft over a broad range of design criteria. The design process places emphasis on factors like take-off performance, cruise performance, noise, and ground clearance. These designs are created using powerful computer-aided design (CAD) software to provide the optimal combination of the airfoil, twist distribution, and shape.”

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According to the report, one of the major drivers for this market is Preference for turboprop aircraft to cater to regional passenger traffic. Global air travel has changed significantly over the past decade with major improvements in associated technologies. The continuous adoption of LCCs and their increased penetration in emerging economies have made air travel more accessible. APAC has been witnessing robust growth in air travel, which is mostly driven by the rapid penetration of LCCs or the no-frills business model. India, China, and Japan are expected to register the highest increase in passenger traffic in the next 20 years, which will also reflect the induction of new generation turboprop aircraft to serve regional connectivity.

Further, the report states that one of the major factors hindering the growth of this market is Occurrences of technical disruptions and engine failures. Technical failures associated with turboprop engines poses a major challenge for the market growth. Due to technical complexities, many aircraft OEMs have started offering regional jets with turbofan engine options, which slows down the demand for turboprop engines. Numerous accidents have been reported of aircraft crashes occurring due to loss of engine power. In July 2016, Pakistan International Airlines (PIA) ATR 42-500 had reportedly crashed due to the failure of the right engine, leading to the death of 48 passengers and five crew members. Since 2000, PIA has lost 10 aircraft including the one in the 2016 incident. In February 2015, Taiwanese airline TransAsia Airways (operation ceased in November 2016) lost its ATR 72-600 aircraft due to failure in its one engine.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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