Aircraft Propeller System Market Outlook and Industry Forecast to 2022

1
According to the latest market research report
the Aircraft Propeller System Market is
estimated to be 246.6 Million in 2017 and is
projected to reach 329.9 Million by 2022, at a
CAGR of 5.99 during the forecast period from
2017 to 2022. Growing demand for lightweight
and fuel-efficient aircraft and increasing
number of deliveries of Special Light-Sport
Aircraft (SLSA) are expected to drive the growth
of the market across the globe during the
forecast period. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id242092633 The aircraft propeller system
market across the globe is expected to grow at a
significant pace during the forecast period due
to increasing demand for lightweight and
fuel-efficient aircraft from the Middle East,
Asia Pacific, and Africa. Moreover, increasing
application of unmanned aerial vehicles in the
military sector for critical defense missions
and rescue operations is further expected to
drive the growth of the aircraft propeller
systems market in emerging economies. However,
high costs involved in the manufacturing of
aircraft propeller systems and increased
maintenance costs of turboprop engine aircraft
act as challenges for the growth of the aircraft
propeller systems market. The demand for
different types of civil commercial aircraft is
estimated to grow at a significant rate during
the forecast period. Different types of utility
aircraft are used to transport passengers and
cargoes from one place to another
cost-effectively. These aircraft are equipped
with the modern and advanced propeller systems
resulting in short take-off distance required by
them, along with improved cruising speed and
control. Moreover, propeller-based aircraft offer
excellent lifting capabilities and are highly
fuel-efficient. The blades component segment is
estimated to account for the largest share of the
aircraft propeller system market in 2017. The
growth of this segment of the market can be
attributed to increased use of composites to
manufacture propeller blades. The hubs component
segment of the aircraft propeller system is
projected to grow at the highest CAGR during the
forecast period. The North American region is
estimated to be the largest market for aircraft
propeller systems in 2017. The aircraft
propeller system market is expected to witness
considerable growth in the Asia Pacific region
during the forecast period due to the increasing
demand for fuel-efficient turboprop engine
aircraft. Moreover, the increasing demand for
varying pitch propeller-based aircraft from
emerging
2
economies is also expected to fuel the growth of
the Asia Pacific aircraft propeller systems
market during the forecast period. Countries such
as China, Brazil, and India have huge growth
potential for the aircraft propeller systems
market as governments of these countries have
increased their defense spending to enhance
their civil commercial and military aircraft
fleet. Key Market Players Hartzell Propeller
(US), MT-Propeller (Germany), Dowty Propellers
(UK), McCauley Propeller Systems (US), FP
Propeller S.r.l. (Italy), and Ratier-Figeac
(France) are some of the established players in
the aircraft propeller system market. These
leading players not only offer different
products and services to cater to the
requirements of their customers but also provide
a broad range of aftermarket, engineering,
refurbishment, technical, and information
services. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id242092633 About MarketsandMarkets Mar
ketsandMarkets provides quantified B2B research
on 30,000 high growth niche opportunities/threats
which will impact 70 to 80 of worldwide
companies revenues. Currently servicing 7500
customers worldwide including 80 of global
Fortune 1000 companies as clients. Almost 75,000
top officers across eight industries worldwide
approach MarketsandMarkets for their painpoints
around revenues decisions. MarketsandMarketss
flagship competitive intelligence and market
research platform, "Knowledgestore" connects
over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along
with market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441