Aircraft Propeller System Market is projected to expand at a steady CAGR over the forecast by 2031 | Arrow Aviation, FP-propeller Srl, GE Aviation Systems, HELICES E-PROPS

New York, 2022-Aug-03 — /EPR Network/ — According to a new market research report published by Global Insight Services “Aircraft Propeller System Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

An aircraft propeller system is a mechanical device that generates thrust to propel an aircraft. The system consists of a propeller, a hub, a shaft, and a governor. The propeller is a rotating airfoil that produces thrust when it rotates. The hub connects the propeller to the shaft. The shaft transmits power from the engine to the propeller. The governor regulates the speed of the propeller.

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Key Trends

There are several key trends in aircraft propeller system technology. One is the move towards larger and more powerful engines. This trend is driven by the need for more efficient and powerful aircraft. Another trend is the move towards lighter and more durable materials. This is driven by the need for lighter and more fuel-efficient aircraft. Finally, there is a trend towards more advanced and sophisticated propeller designs. This is driven by the need for more efficient and effective propellers.

Key Drivers

The key drivers of the aircraft propeller system market are the increasing global air passenger traffic, the growing demand for fuel-efficient aircraft, and the need for quieter aircraft. The global air passenger traffic is expected to grow at a CAGR of 4.7% from 2016 to 2026, according to the International Air Transport Association (IATA). This growth is expected to drive the demand for new aircraft, which in turn is expected to drive the demand for aircraft propeller systems.

Key Market Segments

The aircraft propeller system market bifurcated on the basis of propeller type, component, application, end-use and region. On the basis of propeller type it is segmented into fixed pitch and varying pitch. By component, it is divided into blade, spinner, hub, and others. By application, it is categorized into commercial aircraft, general aviation, and military aircraft. By end-use, it is spread across aftermarket and original equipment manufacturer (OEM). Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Market Players

The aircraft propeller system market report includes players such Arrow Aviation, FP-propeller Srl, GE Aviation Systems, HELICES E-PROPS, Dowty Propellers, Warp Drive Inc, Ratier Figeac, Raytheon Technologies Corporation, Sensenich Propeller Company, and Tennessee Propellers, Inc.

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