Global Aircraft Propeller Systems Market to Reach US$ 520.6 Million by 2032, Impelled by Escalating Demand for Fuel-Efficient Engines in Aviation Industry

February 13, 2023 | Aerospace and Defense

The latest report by IMARC Group, titled "Aircraft Propeller Systems Market Report by Type (Fixed Pitch, Variable Pitch), Product (Contra-Rotating Propeller, Counter-Rotating Propeller), Component (Blade, Spinner, Hub, and Others), Platform (Civil, Military), Engine (Conventional, Electric and Hybrid), End Use (OEM, Aftermarket), and Region 2024-2032," finds that the global aircraft propeller systems market size reached US$ 350.3 Million in 2023. Aircraft propeller systems are devices that create relative motion by forcing the atmospheric air axially backward to facilitate the movement of an aircraft. They include two or more blades connected through a hub. These systems are primarily categorized into six types, namely reverse-pitch, controllable-pitch, fixed-pitch, constant-speed, feathering, and ground-adjustable. In addition, they are less expensive compared to turbofan engine aircraft and provide several advantages, such as shorter landings and takeoffs. Owing to these properties, aircraft propeller systems are widely utilized across the aviation industry.

Global Aircraft Propeller Systems Market Trends:

The market is primarily driven by the escalating demand for fuel-efficient engines with optimized performance in the aviation industry. In addition, the increasing requirement for safe, lightweight, and reliable aircraft systems for improved passenger safety represents another major growth-inducing factor. Besides this, the market is also propelled by the escalating demand for turboprop engine aircraft for commercial applications and their rising utilization in the defense sector for transporting and surveillance activities. Moreover, the introduction of new international short-distance routes is increasing the demand for piston-engine aircraft, thus augmenting the market growth. Other factors, such as extensive research and development (R&D) activities conducted by key players to introduce advanced propeller systems and the advent of improved aviation policies, are anticipated to create a positive market outlook in the coming years. Looking forward, IMARC Group expects the market value to reach US$ 520.6 Million by 2032, exhibiting a CAGR of 4.4% during the forecast period (2024-2032).

Market Summary:

Based on the type, the market has been classified into fixed and variable pitches.
On the basis of the product, the market has been bifurcated into contra- and counter-rotating propellers.
Based on the component, the market has been segregated into blade, spinner, hub, and others.
On the basis of the platform, the market has been categorized into civil and military.
Based on the engine, the market has been segmented into conventional, and electric and hybrid.
On the basis of the end use, the market has been classified into OEM and aftermarket.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Type, Product, Component, Platform, Engine, End Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Aircraft Propeller Systems Market to Reach US$ 520.6 Million by 2032, Impelled by Escalating Demand for Fuel-Efficient Engines in Aviation Industry

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