Aerospace Industry Today
The Market of Aeroengine Fan Blades to grow beyond US$ 8,114.7 million by 2024
The new report of Stratview Research analyses the Aeroengine Fan Blades market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Published 15 July 2019
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
Get a free sample of the report
An overview: The need for greater fuel efficiency
The aeroengine fan blades market is projected to grow at a healthy rate over the next five years to reach US$ 8,114.7 million in 2024. An organic growth of the aircraft industry, increasing share of wide-body aircraft in commercial aircraft deliveries, increasing penetration of composite fan blades in newer aircraft engines, increasing fan diameters of newer aircraft, and an expected increase in production of LEAP engines, are the key growth drivers of aeroengine fan blades market.
Fan blades are among the most important components of an aircraft engine. There has been an evolutionary change in the design, size, structures, materials, and manufacturing process of fan blades over the past few decades. A large number of experimental and computational analysis have been carried out in engine fan blades, which have resulted in a change in design and efficiency of blades. Lightweight, increased engine thrust and efficiency, low-operating-cost, and laminar airflow into the engine are some focal points of development that are being achieved through the advancements in fan blade technologies.
Narrow & wide - body aircraft: The growth engine
The aeroengine fan blades market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Aircraft, and Military Aircraft. Narrow- and wide-body aircraft are likely to remain the growth engines of the market during the forecast period. Increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and an increasing demand for lightweight composite fan blades are likely to offer a sustainable growth platform for fan blades in these segments in the coming years.
Dominance of: Turbofan Aeroengine and Titanium Blade
Based on the engine type, turbofan aeroengine fan blade is likely to remain the most dominant as well as the fastest-growing segment of the market during the forecast period. Turbofan engines are the most commonly used engine type in the commercial aircraft, which is the major why and wherefore behind their dominance in the market. Increasing production of turbofan engines to support the increasing commercial aircraft production rates, as well as increasing penetration of lightweight composite fan blades, are substantiating the demand for fan blades in the engine segment.
Based on the material type, titanium blade is likely to remain the most dominant type in the market during the forecast period of 2019 to 2024, whereas composite blades are likely to experience the highest growth during the same period, driven by their usage in the newer variants of engines, such as LEAP engines, which are empowering the world’s best-selling model’s fuel-efficient variants (B737 max and A320neo) and GEnx engine empowering B787. Aeroengine fan blades have been undergoing a disruptive transformation from the traditional metallic blades to composite blades. Epoxy resin with carbon fiber is predominantly used material type for manufacturing
composite fan blades. These materials are giving good competition to the most widely used titanium materials for fan blades.
A highly/moderately/fragment consolidated Market
The key aeroengine fan blade manufacturers are Safran Aircraft Engines, GE Aviation, Pratt & Whitney, Rolls-Royce, Albany/Safran, CFAN Company, and GKN Aerospace. The development of lightweight fan blades with an ease of manufacturing processes; reduced operational cost, and improved thrust or performance and formation of strategic alliances are the key strategies adopted by the players to gain a competitive edge in the market.
Regional Hegemony of North America & the dominance of OE-sales
Based on the regions, North America is projected to remain the largest market during the forecast period, driven by the world’s leading aeroengine manufacturers i.e. GE Aviation, CFM International, and Pratt & Whitney. Most of the major engine manufacturers have assembly plants in the region to support the major aircraft OEMs. The USA is likely to remain the growth engine of the region’s market over the next five years.
Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
Comprehensive Market Coverage
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report
An overview: The need for greater fuel efficiency
The aeroengine fan blades market is projected to grow at a healthy rate over the next five years to reach US$ 8,114.7 million in 2024. An organic growth of the aircraft industry, increasing share of wide-body aircraft in commercial aircraft deliveries, increasing penetration of composite fan blades in newer aircraft engines, increasing fan diameters of newer aircraft, and an expected increase in production of LEAP engines, are the key growth drivers of aeroengine fan blades market.
Fan blades are among the most important components of an aircraft engine. There has been an evolutionary change in the design, size, structures, materials, and manufacturing process of fan blades over the past few decades. A large number of experimental and computational analysis have been carried out in engine fan blades, which have resulted in a change in design and efficiency of blades. Lightweight, increased engine thrust and efficiency, low-operating-cost, and laminar airflow into the engine are some focal points of development that are being achieved through the advancements in fan blade technologies.
Narrow & wide - body aircraft: The growth engine
The aeroengine fan blades market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Aircraft, and Military Aircraft. Narrow- and wide-body aircraft are likely to remain the growth engines of the market during the forecast period. Increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and an increasing demand for lightweight composite fan blades are likely to offer a sustainable growth platform for fan blades in these segments in the coming years.
Dominance of: Turbofan Aeroengine and Titanium Blade
Based on the engine type, turbofan aeroengine fan blade is likely to remain the most dominant as well as the fastest-growing segment of the market during the forecast period. Turbofan engines are the most commonly used engine type in the commercial aircraft, which is the major why and wherefore behind their dominance in the market. Increasing production of turbofan engines to support the increasing commercial aircraft production rates, as well as increasing penetration of lightweight composite fan blades, are substantiating the demand for fan blades in the engine segment.
Based on the material type, titanium blade is likely to remain the most dominant type in the market during the forecast period of 2019 to 2024, whereas composite blades are likely to experience the highest growth during the same period, driven by their usage in the newer variants of engines, such as LEAP engines, which are empowering the world’s best-selling model’s fuel-efficient variants (B737 max and A320neo) and GEnx engine empowering B787. Aeroengine fan blades have been undergoing a disruptive transformation from the traditional metallic blades to composite blades. Epoxy resin with carbon fiber is predominantly used material type for manufacturing
composite fan blades. These materials are giving good competition to the most widely used titanium materials for fan blades.
A highly/moderately/fragment consolidated Market
The key aeroengine fan blade manufacturers are Safran Aircraft Engines, GE Aviation, Pratt & Whitney, Rolls-Royce, Albany/Safran, CFAN Company, and GKN Aerospace. The development of lightweight fan blades with an ease of manufacturing processes; reduced operational cost, and improved thrust or performance and formation of strategic alliances are the key strategies adopted by the players to gain a competitive edge in the market.
Regional Hegemony of North America & the dominance of OE-sales
Based on the regions, North America is projected to remain the largest market during the forecast period, driven by the world’s leading aeroengine manufacturers i.e. GE Aviation, CFM International, and Pratt & Whitney. Most of the major engine manufacturers have assembly plants in the region to support the major aircraft OEMs. The USA is likely to remain the growth engine of the region’s market over the next five years.
Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
Comprehensive Market Coverage
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
Share on Social Media
Other Industry News
Ready to start publishing
Sign Up today!
