Global Aircraft Propeller System Market is Estimated to Reach $390 Billion by 2025, Says Accurize Market Research
Global Aircraft Propeller System Market report published by Accurize Market Research forecast that the global market is expected to reach $390 billion by 2025; growing at a CAGR of 6.1% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Technological developments, service life of the propulsion system more reliable and contributes to reducing its weight which would further drive the growth of the market
Technological developments, service life of the propulsion system more reliable and contributes to reducing its weight and its maintainability in aviation sectorsfuelsthe demand for the global aircraft propeller system market.Furthermore,increase in the number of aircrafts and increasing passenger traffic also boosts the growth of the market.
Market Segmentation
The global aircraft propeller system market has been bifurcated on the basis of aircraft type, propeller type, component, end user and geography. Aircraft type segment can be further segmented into military aircraft and civil & commercial aircraft. Propeller type segment is divided into fixed pitch propeller and varying pitch propeller segment. End user type segment is divided into OEM and aftermarket. Component type segment can be further segmented into blades, hubs, spinners and others.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are covered under North America wherein Europe covers U.K, Germany, France, Italy and others. Asia-Pacific covers China, India, Japan, Australia, and others. RoW covers South America, Middle East and Africa.
Top players in the market
The key market players include Hartzell Propeller, Mt-Propeller, Dowty Propellers, Mccauley Propeller, Airmaster Propellers, Hélices E-Props, FpPropeller, Ratier-Figeac, Whirlwind Propellers, SensenichPropellerandHercules Propellers, among others.
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