Aeroengine Fan Blade Market: Introduction
Fan blades in aeroengine produce huge amount of thrust and increase the engine efficiency which is the main function of a fan blade. It is one of the most important components of an aircraft engine. Over the years, evolutionary change has been observed in the size, design, materials, structures and manufacturing process of a fan blade. The change in design and efficiency of fan blades can be attributed to a number of computational and experimental analysis carried out on the aeroengine fan blades. The advancement in aeroengine fan blade technologies has resulted in weight reduction of fan blades, laminar airflow in the engine and low operating costs.
Various materials and alloys are used for the manufacturing of aeroengine fan blades. With the use of composite material over traditional metallic materials aeroengine fan blades have undergone a disruptive transformation. These composites give tough competition to fan blades made out of titanium. Nowadays, epoxy resin is a predominant composite used for the manufacturing of aeroengine fan blade. Owing to above mentioned factors, the demand for aeroengine fan blade is anticipated to witness significant growth thus contributing to the global aeroengine fan blade market during the forecast period.
Aeroengine Fan Blade Market: Dynamics
The global aircraft industry has undergone an organic growth in the recent years. Increasing demand for commercial aircrafts with the growing passenger traffic propels the growth of aeroengine fan blade market. With long-term and continuous agreements with suppliers the production of aircrafts is increasing which is strengthening the market size of aeroengine fan blade. Increase in the fan diameter of newer aircrafts is a key growth driver of aeroengine fan blade market. The aeroengine fan blades require periodic replacement which provides significant retrofit opportunities for the global aeroengine fan blade market growth. Growing penetration of composite fan blades in newer aircraft engines is also one of the factors to bolster the demand for aeroengine fan blades in the market.
The absence of engine fans in turboprop engines poses a challenge to the global aeroengine fan blade market.
The penetration of composite fan blades in engines of newer aircrafts has led manufacturers to invest in the new technology. Very few manufacturers offer composite fan blades such as GE, which provides heavily engineered composite fan blades that are lighter as well as more efficient.
Aeroengine Fan Blade Market: Segmentation
The global aeroengine fan blade market can be segmented on the basis of engine type, aircraft type, material and sales channel.
On the basis of Engine Type, the global aeroengine fan blade market is segmented as:
On the basis of Aircraft type, the global aeroengine fan blade market is segmented as:
On the basis of Material, the global aeroengine fan blade market is segmented as:
On the basis of Sales Channel, the global aeroengine fan blade market is segmented as:
Aeroengine Fan Blade Market: Regional Outlook
North America is estimated to be a leading region in the global aeroengine fan blade market owing to the presence of top global manufacturers in the region. U.S. is likely to remain the growth engine for the region in aeroengine fan blade market. Increasing traffic of passengers in Asia Pacific region is estimated to remain high which in turn has led to the demand for commercial aircrafts. This factor is anticipated to drive the aeroengine fan blade market in the region. Growing aircraft fleet size in Europe and Middle East & Africa is anticipated to have positive impact on the aeroengine fan blade market growth. Latin America is estimated to witness moderate growth in the forecast years.
Aeroengine Fan Blade Market: Key Participant
Some of the key players in the global Aeroengine Fan Blade market are:
The research report on the Aeroengine Fan Blade market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Aeroengine Fan Blade market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, aircraft type, and sales channel.
The report covers exhaustive analysis on:
Regional analysis includes:
The global Aeroengine Fan Blade market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.