Aircraft propellers are devices that are used in different types of aircraft to create relative motion by forcing the environmental air axially backward for the movement of an aircraft. They provide the required thrust to an aircraft to fly by rotating fans/rotor blades. Aircraft propellers transform rotational motion generated by rotating fans/rotor blades into sweeping force with the help of an aircraft engine to ensure the flight of the aircraft. Propeller systems consist of blades, hubs, and digital electronic controls that incorporate advanced aerodynamics, structures, control dynamics, software, and de-icing components into modern aircraft propeller systems. Propeller blades are the prime components in aircraft propeller systems and are generally made of aluminum or composites.
The global Aircraft propeller system market is forecasted to grow from USD 308 million 2021 to reach USD 414 million by 2026, at a CAGR of 6.1% during the forecast period. The development of next-generation aircraft propeller systems is one of the most significant factors driving the growth of the aircraft propeller system market across the globe. Increased automation of flight operations, technological advancements in the aviation industry, and its expansion across the globe are additional factors expected to fuel the growth of the aircraft propeller system market during the forecast period
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Agreements, collaborations, new product developments and launches, contracts, acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the aircraft propeller system market. In 2021, defense budgets and revenues for defense contractors are expected to remain largely stable, as military programs and continue to be critical to national defense, especially considering geopolitical tensions. Global defense spending is expected to grow about 2.8% in 2021 fueling the market for aircraft propeller system.
HARTZELL PROPELLR (US):
Hartzell Propeller manufactures aircraft propeller systems and also offers technical support, training, and aftermarket services to its customers. The company offers aircraft propeller systems for civil & commercial and military applications. It manufactures aluminum and composite propellers used in piston engine and turboprop engine aircraft. Tailwind Technologies Inc. (US) is the parent company of Hartzell Propeller and Hartzell Engine Technologies. Hartzell Propeller also provides overhaul, maintenance, and replacement services to its customers, worldwide. It has authorized dealers in Australia and North America to provide required services and support to its customers
MT-Propeller Entwicklung GmbH, now known as MT-Propeller, is a privately held company manufacturing propeller systems for single and twin-engine aircraft, airships, wind tunnels, and hovercraft, and among others. It is a key player in the aircraft propeller system market in Europe and some parts of the North American region. MT-Propeller currently holds over 100 Supplementary Type Certificates (STCs), which makes it a strong player in the aircraft propeller system market.
DOWTY PROPELLER (UK):
Dowty Propellers was founded in 1937 by Rolls-Royce (US) and Bristol Engines (England). Presently, it is owned by GE Aviation (US). Dowty Propellers is an original equipment manufacturer of aircraft propeller systems. It designs and manufactures high-speed, four- and six-bladed composite propellers for aircraft using turboprop engines for use in civil & commercial and military applications. It also develops propeller systems for multi-role seaplanes and marine hovercraft. Apart from this, the company also offers maintenance, repair, and overhaul services.
In 2017, the company launched its R408 propeller system for use in the twin-engine Antonov AN-132D transport demonstrator, which is equipped with six all-composite blades and an advanced swept design. This advanced swept design results in low noise as well as superior climb and cruise capabilities to the aircraft
Aircraft Propeller System Market By Type (Fixed Pitch, Variable Pitch), Component (Blade, Spinner, Hub), Engine (Conventional, Hybrid & Electric), Platform (Civil, Military), End Use (OEM, Aftermarket), & Region - Forecast to 2026
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