Market Highlights:
The need to have efficient components and parts in the aviation sector is the main driving factor for commercial aircraft turbine blades and vanes. Market focused reports linked with the aerospace industry among others recently have been made available by Market Research Future which issues reports on this industry. The market is expected to achieve a CAGR of more than 6 percent approximately in the forecast period.
The tough environments in which turbine blades and vanes operate has increased the requirement for better product quality which is expanding the market considerably. Innovations in the turbine blade materials are driving the development in the forecast period as they are an important trend shaping the market. Emerging commercial aircraft markets are fuelling the development of the market further. Factors such as strict regulations relating to carbon dioxide and noise emissions, increasing fuel prices, and an upsurge in competition from low cost carriers, will incentivize manufacturers to develop a modern aero-engine design that is lightweight and fuel efficient.
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Major Key Players
GE Aviation( U.S.),
Turbocam International (U.S.),
Chromalloy (U.S.),
UTC Aerospace Systems (U.S.),
Hi-Tek Manufacturing (U.S.),
Moeller Aerospace (U.S.),
GKN Aerospace (U.K),
Rolls Royce (U.K),
The Robert E. Morris Company (U.S.), and Snecma (France).
According to MRFR, The global Commercial Aircraft Turbines Blades And Vanes Market is estimated to witness a CAGR of more than 6% during the forecast period.
Industry Updates:
Jan 2018 An advanced Turboprop engine developed by GE Aviation is the first clean-sheet turboprop engine to enter the Business and General Aviation (BGA) market in more than 30 years, has positively finished its first engine test run at GE Aviation’s facility in the Czech Republic. It is the first turboprop engine in its class to present two phases of variable stator vanes and cooled high-pressure turbine blades, verified technologies developed by GE in its big commercial engines and has flown for more than 1.3 billion flight hours. The Advanced Turboprop engine’s large commercial and regional engines have significantly lessened engine development timing and risk.
Industry Segments
The segmentation of the commercial aircraft turbine blades and vanes market is segmented on the basis of material, aircraft type, regions and engine types. The segmentation of the market on the basis of by material consists of titanium alloys, steel & nickel alloys and others. The segmentation on aircraft type comprises of rotary wing and fixed wing. The regions that are a covered in the market comprise APAC, Europe, North Africa, Middle East and Africa. The engine type segment comprises of segments such as turboprop, turboshaft, and turbofan.
Detailed Regional Analysis
The regional analysis of the market consists of regions such as North America, APAC, Europe, Middle East, Africa and rest of the world. The APAC region is poised to control the commercial aircraft turbine blades and vanes market globally through the forecast period. As per the MRFR analysis, the APAC region will carry on its control in the forecast period to achieve high growth in terms of revenue while growing at a CAGR of 8%. Whereas, the Americas and EMEA will grow at a positive CAGR of through the forecast period.
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Target Audience
- Turbine Blades and Vanes OEMs
- Engine OEMs
- Component Suppliers
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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