Global Market Insights recently added a detailed Aeroengine Fan Blades Market research study across the global, regional and country level. The report provides 360° analysis from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global market and estimates the future trend of the industry based on this detailed study.
Asia Pacific will showcase a considerable growth rate owing to the proliferating air traffic across the region. Further, the emergence of low-cost carriers offering low-cost air tickets for major tourist places is accelerating the regional share over the study timeframe.
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Aeroengine Fan Blades Market is expected to grow extensively over the forecast period due to increasing aircraft production across the globe on account of proliferation of low-cost carrier services and improved airline networks. Increasing disposable income coupled with expanding tourism sector is further supporting the industry growth over the study timeframe.
The growing preference for high bypass ratio turbofan engines for increasing the thrust-to-weight ratio and improving fuel efficiency is positively influencing the aeroengine fan blades market share over the forecast period. The continuous requirement for fans to generate thrust along with aerodynamic design requirements is strengthening the business share till 2024.
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Recent advancements in manufacturing processes, analytical computing, and material technology are cementing the aeroengine fan blades market penetration. For instance, in 2015, the NASA performed the testing of a new fan and inlet design named propulsor for increased aircraft fuel efficiency. Moreover, the use of polymer matrix composite materials for fan blades is gaining significant traction owing to weight reduction.
Based on engine, the aeroengine fan blades market is classified into turbojet, turbofan, and turboprop. Turbofan technology enhances the engine bypass ratio and turbine inlet temperature, resulting in improved performance & superior fuel efficiency. Aircraft manufacturers including Airbus and Boeing incorporate the turbofan technology into their aircraft including Boeing 737 and Airbus 320, positively influencing the market growth till 2024.
Based on material, the aeroengine fan blades market is categorized into titanium alloys, aluminum, 3D reinforced composites, and carbon fiber. Forged aluminum fan blades offer lightweight solutions, enabling improved fuel and cost efficiency. Industry players including Safran is engaged in the design & development of 3D woven composite technology, offering superior strength with lightweight components.
Based on aircraft, the segment is distinguished into commercial aviation, regional jets, business aviation, and military aircraft. The availability of a wide range of aircraft at varying price range targeting diversified customers is supporting the segment growth over the projected timeframe. Increasing demand for private aircraft along with an increasing preference for commercial aircraft owing to the proliferation of low-cost carriers is supporting the aeroengine fan blades market growth till 2024.
Few players in the aeroengine fan blades industry include CFM International, GE Aviation, Safran, Pratt & Whitney, CFAN Company, GKN A, and Rolls-Royce, among others. Strategic joint ventures and partnerships are among the prominent strategies adopted by the industry participants for improving their market share. For instance, GKN Aerospace collaborated with Rolls Royce for building a manufacturing facility for producing all-composite engine fan blades.
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