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Commercial Aircraft Propeller Systems Market Research Report – Global Forecast 2016-2021

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Global Commercial Aircraft Propeller Systems Market by Solution (Blades, Hub Systems, and Digital Electronic Controls) and by Geography - Forecast To 2021
Commercial Aircraft Propeller Systems
Market Research Report By Forecast To 2021
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2021
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Commercial Aircraft Propeller Systems Market Research Report - Forecast to 2021
Global Commercial Aircraft Propeller Systems Market by Solution (Blades, Hub Systems, and Digital
Electronic Controls) and by Geography - Forecast To 2021
Commercial aircraft propeller systems find their application in piston-engine and turboprop-powered aircraft. The systems
include blades, hubs, and electronic controls. The number of blades in a propeller system ranges from three to six (in a
commercial aircraft). The blades are either made of aluminum or composite. The key advantage that composite-based
propeller blades offer is reduced weight, which in turn reduces the fuel consumption.
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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Commercial Aircraft Propeller Systems Market Research Report - Forecast to 2021
Commercial Aircraft Propeller Systems Market
The commercial aircraft propeller systems market is highly competitive and vendors compete in terms of cost, component
reliability and quality, and market share. To sustain in such an intensely competitive environment, it is crucial for vendors to
provide cost-effective and high-quality commercial aircraft propeller systems.
The aerospace industry has witnessed an increased competition and cost pressure. There are also challenges associated
with rising fuel costs and increase in price of raw materials. For the aerospace supply chain, it is a threat as well as an
opportunity. The vendors with high level of innovation, increased adoption of new technologies, and investment in
accordance to the changing market can benefit from the emerging opportunities and thrive in the long run. The vendors
should also be capable to easily adjust and adopt according to the shift of market regions, to capture the new market share.
Furthermore, the parts suppliers should coordinate with OEMs to create the products that are fully compliant with all the
international aviation, environmental, safety, and quality standards. Cooperation with OEMs is also especially important to
increase the reliability and longevity of complex systems.
A trend for consolidation and restructuring in the aerospace industry has become popular worldwide. The aircraft
aftermarket parts sector is one of the major sources of income for the majority of the aerospace firms and suppliers. Thus,
this trend of consolidation is also felt in the aircraft parts industry including propeller manufacturers. Two major factors are
responsible for this change. First, the vendors try to meet customer demands for broader offerings and second, easy capital
availability in the market.
The consolidation of aircraft part manufacturers and suppliers, both in OEM and aftermarket segment, has always been
strong. Now with the motive for providing broader offerings, it is obvious that bigger and more diversified companies can
provide more comprehensive services to customers. Along with the growth in scale and market presence of the company,
one can offer more services across the globe. Thus, the parts market consolidation is likely to increase. For example, UTC
Aerospace Systems was formed as a result of a merger between Hamilton Sundstrand and Goodrich. It manufactures
propellers for many turboprop aircraft including ATR family of aircraft.
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Commercial Aircraft Propeller Systems Market Research Report - Forecast to 2021
Global Commercial Aircraft Propeller Systems Market ($ billion), 2016-2021
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Commercial Aircraft Propeller Systems Market Research Report - Forecast to 2021
Commercial Aircraft Propeller Systems Market – Segmentation
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.
Commercial Aircraft Propeller Systems Market – Regional Analysis
APAC region has emerged as one of the potential markets for turboprop sales. As a result, manufacturers are focusing their
new product launch targeting this region. For example, ATR, one of the leader in turboprop sales in the APAC market has
launched two new versions of its ATR 72-600 in the region. The launch customers for both the versions are from APAC
region, namely Cebu Pacific from Philippines and Air Niugini from Papua New Guinea.
ATR 72-600 consists of 568F-bladed propellers from Hamilton Sundstrand (merged with Goodrich in 2012 to form UTC
Aerospace Systems). The company provides complete propeller system solutions including blades, hubs, and digital
electronic controls that incorporate aerodynamics as well as control dynamics.
China, India, and the Philippines are some of the emerging aviation and aircraft propeller systems market in the APAC
region, and their growth rates are expected to surpass other regions (EMEA and Americas) over the period 2016-2021. The
aircraft propeller systems market is expected to grow in the future because of increased aircraft demand, aviation MRO
activities, and aircraft parts production capability.
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Commercial Aircraft Propeller Systems Market Research Report - Forecast to 2021
Segmentation
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Commercial Aircraft Propeller Systems Market Research Report - Forecast to 2021
Key Players:
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.
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Author
Monica Nerkar
Monica Nerkar591   document Email
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