ID: MRFR/A&D/1132-CR | September 2019 | Region: Global | 103 pages
Blades and vanes in aircraft turbine engines are extract energy from the high temperature and high-pressure gas generated in the combustion chamber. The blades and vanes are designed and manufactured to withstand high pressure and temperature for long durations. In order to withstand harsh climatic conditions turbine blades, use various methods of cooling such as internal air channels, thermal barrier coatings, and boundary layer cooling. However, blade fatigue is a major source of failure in turbines. Fatigue is caused by the stress-induced by vibration and resonance within the operating range of machines.
Increasing in number of aircraft manufactured and the rising demand for fuel-efficient engines are expected to drive the market growth. However, the current backlog in aircraft deliveries and issues associated with material costs and blade fatigue might hamper the growth of the market.
Hence, the Global Commercial Aircraft Turbine Blades and Vanes Market is projected to reach USD 1,610.24 million by 2025, growing at 5.91% CAGR during the forecast period.
Segmentation of the Global Commercial Aircraft Turbine Blades and Vanes Market
By engine type, the commercial aircraft turbine blades and vanes market comprises fixed-wing and rotary-wing. The fixed-wing segment is sub-divided into turbojet, turbofan, and turboprop.The fixed-wing segment dominated the market in 2018 and is expected to grow at a higher CAGR during the forecast period from 2019 to 2025.Increasing aircraft being manufactured and the demand for new aircraft from countries such as China and India is expected to drive the segment growth.
Based on blade type, the global market has been segregated into equiaxed blade, directionally solidified blade, and single-crystal blade. The directionally solidified blade segment dominated the market in 2018 and is expected to register the highest CAGR during the forecast period. Directionally solidified blades offer numerous benefits such as high tolerance against strain, enhanced ductility, and thermal fatigue life. Hence, the segment is expected to grow at the highest CAGR during the forecast period.
Based on material, the global market has been divided into steel & nickel alloys, titanium alloys, and others. The steel & nickel alloys segment dominated the segment is 2018 and is expected to grow at the highest CAGR during the forecast period. Aircraft turbine blades and vanes manufactured using steel & nickel alloys have high strength and high melting point. Therefore, the segment is expected to grow at the highest CAGR during the forecast period.
Based on the region, the market has been categorized as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America led the market in 2018 with a market share of 38.36%. However, the market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Increasing air passenger traffic in countries such as China and India is expected to drive the market growth in the region.
The key players in the global commercial aircraft turbine blades and vanes market are Arconic (US), Collins Aerospace (US), Doncasters Group Ltd (UK), DongYing Hengxin turbomachinery Co.,Ltd (China), FLC Flowcastings GMBH (Germany), PBS Group, a. s. (Prague), Precision Castparts Corp (US), Rolls-Royce (UK), Safran (France), AMETEK.Inc. (US), Turbine Casting SAS (France), GE Aviation (US), Turbocam International (US), Chromalloy (US), and The Robert E. Morris Company (US).
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Market sizing, forecast, and analysis: detailed coverage of the market segment and sub-segments
Regional/country trends and forecast: detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
Technology trends, regulatory landscape, and patent analysis outlook
Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
Regional attractiveness and related growth opportunities
MRFR offers report customization to valued customers. Below are the options available for customization:
In-depth profiling of additional market players (3 to 4 companies)
Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)
Commercial aircraft turbine blades and vanes manufacturers
Frequently Asked Questions (FAQ) :
Commercial aircraft turbine blade and vane market can rise at 5.91% CAGR by 2025.
By 2025, the commercial aircraft turbine blade and vane market can touch USD 1,610.24 Mn.
Turbine Casting SAS (France), Safran (France), AMETEK.Inc. (US), and GE Aviation (US) are some well-established commercial aircraft turbine blade and vane market players.
Increase in demand for turbofan to favor commerical aircraft turbine blade and vane market.
APAC commerical aircraft turbine blade and vane market value can surge in near future.