The global aircraft propeller systems market size reached US$ 333.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 452.1 Million by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Aircraft propeller systems refer to devices that are utilized to create relative motion by forcing the atmospheric air axially backward for the movement of an aircraft. They comprise of two or more blades that are connected through a hub. Aircraft propeller systems can be primarily categorized into six types: fixed-pitch, reverse-pitch, controllable-pitch, constant-speed, feathering, and ground-adjustable. Propeller-driven aircraft have several advantages, such as shorter landings and takeoffs and are less expensive compared to turbofan engine aircraft.
Aircraft Propeller Systems Market Trends:
In the aviation industry, the escalating demand for fuel-efficient engines with optimized performance is primarily driving the global aircraft propeller systems market. Furthermore, the growing requirement for lightweight, safe, and reliable aircraft systems for improved passenger safety is also propelling the market growth. Besides this, the rising number of deliveries of special light-sport aircraft (SLSA) owing to the elevating popularity of aviation sport activities is further catalyzing the demand for aircraft propeller systems. Moreover, the escalating need for turboprop engine aircraft for commercial applications coupled with their inflating utilization in the defense sector for carrying out transport and surveillance activities is creating a positive outlook for the market. Additionally, the introduction of new international short-distance routes has also increased the demand for piston engine aircraft, thereby fueling the growth of the market. In addition to this, the advent of improved aviation policies in the post-pandemic scenarios has resulted in a growing number of air travelers, which, in turn, is stimulating the market growth. Moreover, extensive R&D investments in the introduction of advanced propeller systems with respect to parameters like takeoff performance, noise, and ground clearance, are expected to propel the growth of the aircraft propeller systems market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aircraft propeller systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product, component, platform, engine and end use.
Breakup by Type:
- Fixed Pitch
- Variable Pitch
Breakup by Product:
- Contra-Rotating Propeller
- Counter-Rotating Propeller
Breakup by Component:
Breakup by Platform:
Breakup by Engine:
- Electric and Hybrid
Breakup by End Use:
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerosila, Airmaster Propellers Ltd, Dowty Propellers, DUC Hélices Propellers, FP-propeller Srl, GSC Systems Inc., Hartzell Propeller, Hélices E-Props, Hercules Propellers Ltd, McCauley Propeller Systems (Textron Aviation Inc.), MT-Propeller Entwicklung GmbH, Peter De Necker, Sensenich Propeller and Whirlwind Propellers Corporation.
|Base Year of the Analysis
||Type, Product, Component, Platform, Engine, End Use, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Aerosila, Airmaster Propellers Ltd, Dowty Propellers, DUC Hélices Propellers, FP-propeller Srl, GSC Systems Inc., Hartzell Propeller, Hélices E-Props, Hercules Propellers Ltd, McCauley Propeller Systems (Textron Aviation Inc.), MT-Propeller Entwicklung GmbH, Peter De Necker, Sensenich Propeller and Whirlwind Propellers Corporation
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Key Questions Answered in This Report:
- How has the global aircraft propeller systems market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global aircraft propeller systems market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the platform?
- What is the breakup of the market based on the engine?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global aircraft propeller systems market and who are the key players?
- What is the degree of competition in the industry?