Commercial Aircraft Propeller Systems Market 2018 Demand, its Benefits, Price, Top Manufacturers & Competitive Developments Analysis and 2023 Global Industry Growth Forecast Report

MarketResearchFuture Analyst adds Commercial Aircraft Propeller Systems Market report it contains in depth information major drivers, restraints, opportunities, challenges, industry trends, business structure and areas of operation, products and their impact on the market forecast. Component, Business Function, Type, Organization Size, Vertical and services offered by the company

In commercial aviation, turboprop aircraft are primarily used for short-haul regional flights. As of 2015, turboprop accounted for 40% of the total global regional aircraft fleet (including regional jets). The average age of turboprop aircraft fleet is 19 years. North America and Europe have historically been the primary market for turboprops. However, the demand in APAC and the Middle East has further helped the market growth.
The market for turboprops had lost momentum with the rapid rise of regional jets since the mid-90s. However, they have started to regain the market share primarily in the regional transportation segment (aircraft with up to 100 seats).
A turboprop is considered to provide better fuel efficiency as compared to regional jets. Thus, with the rise in global fuel prices, turboprop is bound to become more popular among the regional airlines and low-cost carriers mostly operating in point-to-point short haul routes. Cost pressure plays an important role in airlines' choice for aircraft as it helps determine the operational cost.
OEMs, as well as PMA vendors, are involved in the manufacturing of propeller systems. Thus, the ongoing demand for turboprop aircraft largely supports the market for propeller systems.

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The Leading Market Players in the global Commercial Aircraft Propeller Systems Market primarily include Airmaster, Dowty Propellers, Hartzell Propeller, McCauley, UTC Aerospace Systems, Culver Props, Curtiss-Wright, Electravia, and WhirlWind Propellers.

Industry/ Innovation/ Related News:
December, 2017:- Dowty Propellers signed a contract with AVIC Aircraft Co. Ltd. for the design, development, production, and in-service support for the propeller system on the MA700, a twin-engine airliner.
June, 2014 - Dowty Propellers signed a contract with India's SpiceJet airline company, to provide a complete support package for the propeller systems equipped on the airline's 15 Bombardier Q400 regional aircraft.

Commercial Aircraft Propeller Systems Market – Segments
For the convenience of the report and enhanced understanding; the commercial aircraft propeller systems market is segmented in to two key dynamics:
Segmentation by Solution: Blades, Hub Systems, and Digital Electronic Controls.
Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.

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