Aircraft Propeller Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Aircraft Propeller Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global aircraft propeller systems market size reached US$ 333.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 452.1 Million by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

Aircraft propeller systems refer to devices that are utilized to create relative motion by forcing the atmospheric air axially backward for the movement of an aircraft. They comprise of two or more blades that are connected through a hub. Aircraft propeller systems can be primarily categorized into six types: fixed-pitch, reverse-pitch, controllable-pitch, constant-speed, feathering, and ground-adjustable. Propeller-driven aircraft have several advantages, such as shorter landings and takeoffs and are less expensive compared to turbofan engine aircraft.

Aircraft Propeller Systems Market Trends:
In the aviation industry, the escalating demand for fuel-efficient engines with optimized performance is primarily driving the global aircraft propeller systems market. Furthermore, the growing requirement for lightweight, safe, and reliable aircraft systems for improved passenger safety is also propelling the market growth. Besides this, the rising number of deliveries of special light-sport aircraft (SLSA) owing to the elevating popularity of aviation sport activities is further catalyzing the demand for aircraft propeller systems. Moreover, the escalating need for turboprop engine aircraft for commercial applications coupled with their inflating utilization in the defense sector for carrying out transport and surveillance activities is creating a positive outlook for the market. Additionally, the introduction of new international short-distance routes has also increased the demand for piston engine aircraft, thereby fueling the growth of the market. In addition to this, the advent of improved aviation policies in the post-pandemic scenarios has resulted in a growing number of air travelers, which, in turn, is stimulating the market growth. Moreover, extensive R&D investments in the introduction of advanced propeller systems with respect to parameters like takeoff performance, noise, and ground clearance, are expected to propel the growth of the aircraft propeller systems market in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aircraft propeller systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product, component, platform, engine and end use.

Breakup by Type:

Fixed Pitch
Variable Pitch

Breakup by Product:

Contra-Rotating Propeller
Counter-Rotating Propeller

Breakup by Component:

Blade
Spinner
Hub
Others

Breakup by Platform:

Civil
Military

Breakup by Engine:

Conventional
Electric and Hybrid

Breakup by End Use:

OEM
Aftermarket

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerosila, Airmaster Propellers Ltd, Dowty Propellers, DUC Hélices Propellers, FP-propeller Srl, GSC Systems Inc., Hartzell Propeller, Hélices E-Props, Hercules Propellers Ltd, McCauley Propeller Systems (Textron Aviation Inc.), MT-Propeller Entwicklung GmbH, Peter De Necker, Sensenich Propeller and Whirlwind Propellers Corporation.

Key Questions Answered in This Report

1. What was the size of the global aircraft propeller systems market in 2022?
2. What is the expected growth rate of the global aircraft propeller systems market during 2023-2028?
3. What are the key factors driving the global aircraft propeller systems market?
4. What has been the impact of COVID-19 on the global aircraft propeller systems market?
5. What is the breakup of the global aircraft propeller systems market based on the type?
6. What is the breakup of the global aircraft propeller systems market based on the component?
7. What is the breakup of the global aircraft propeller systems market based on engine?
8. What is the breakup of the global aircraft propeller systems market based on the end use?
9. What are the key regions in the global aircraft propeller systems market?
10. Who are the key players/companies in the global aircraft propeller systems market?