+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Commercial Aircraft Propeller Systems - Global Strategic Business Report

  • PDF Icon

    Report

  • 407 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139652

Global Commercial Aircraft Propeller Systems Market to Reach $341.3 Million by 2030

The global market for Commercial Aircraft Propeller Systems estimated at US$221.9 Million in the year 2022, is projected to reach a revised size of US$341.3 Million by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Blades, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$154.8 Million by the end of the analysis period. Growth in the Hub Systems segment is estimated at 5.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $65.4 Million, While China is Forecast to Grow at 7.2% CAGR

The Commercial Aircraft Propeller Systems market in the U.S. is estimated at US$65.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$48.2 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Select Competitors (Total 26 Featured)

  • Aerosila
  • Airmaster Propellers Ltd.
  • Collins Aerospace
  • Dowty Propellers
  • DUC Hélices Propellers
  • FP-propeller Srl
  • GSC Systems Ltd.
  • Hartzell Propeller Inc.
  • McCauley Propellers Systems
  • MT-Propeller Entwicklung GmbH
  • Senseich Propeller Company
  • Whirl Wind Propellers Corporation

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Commercial Aircraft Propeller Systems Market

What is the estimated value of the Commercial Aircraft Propeller Systems Market?

The Commercial Aircraft Propeller Systems Market was estimated to be valued at $221.9 Million in 2022.

What is the growth rate of the Commercial Aircraft Propeller Systems Market?

The growth rate of the Commercial Aircraft Propeller Systems Market is 5.5%, with an estimated value of $341.3 Million by 2030.

What is the forecasted size of the Commercial Aircraft Propeller Systems Market?

The Commercial Aircraft Propeller Systems Market is estimated to be worth $341.3 Million by 2030.

Who are the key companies in the Commercial Aircraft Propeller Systems Market?

Key companies in the Commercial Aircraft Propeller Systems Market include Aerosila, Airmaster Propellers Ltd., Collins Aerospace, Dowty Propellers, DUC Hélices Propellers, FP, propeller Srl, GSC Systems Ltd., Hartzell Propeller Inc. and McCauley Propellers Systems.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Aerospace Industry in the Midst of a Transformation
  • The Massive Global Aerospace Industry is the Innovation Playground for Aircraft Propeller Manufacturers: Global Aerospace & Defense Products Industry (In US$ Billion) for the Years 2023, 2025, 2027 & 2029
  • Global Economic Update
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • Competition
  • Commercial Aircraft Propeller Systems - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Commercial Aircraft Propeller Systems: Overview & Types
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Another Strong Year of Recovery in Commercial Aviation Provides the Foundation for a Stronger Outlook for the Market Through 2025
  • The Much Awaited Recovery of the Commercial Aviation Sector From the Pandemic to Spur Opportunities for Propeller Manufacturers: Global Aviation Sector Service Revenues (In US$ Billion) for Years 2018 through 2024
  • Growing Adoption of Commercial UAV Drones to Drive Demand for Propeller Systems
  • Robust Outlook for UAVs Opens a New Window of Opportunity for Aircraft Propeller Manufacturers: Global Market for UAV Drones (In US$ Billion) for Years 2023, 2025 and 2027
  • Growing Need for Global Fleet Upkeep Drives the MRO Market Creating in Parallel Demand for Replacement Propeller Systems in the Aftermarket
  • Maintaining a Fleet of Airworthy Aircraft Means a Larger MRO Opportunity & Demand for Replacement Propeller Systems: Global Aircraft Fleet (In Units) for Years 2020, 2021, 2022, 2027 and 2032
  • Strong Demand for MRO Translates Into an Exciting Outlook for Aftermarket Replacement Propeller Systems: Global Market for Aircraft MRO (In US$ Billion) for Years 2023, 2025, and 2027
  • Aging Aircraft & the Ensuing Need to Ensure Airworthiness of Older Airplanes to Spur Opportunities for Aftermarket Replacement Propeller Systems: Average Age (in Years) of Globally Operating Aircraft Fleet for 2020 & 2030
  • Fleet Expansion & Upgrade Plans & the Resulting Recovery in Aircraft Production Activity to Drive Demand for Propeller Systems in the OEM Market
  • Continuing Recovery, Rising Aircraft Orders & the Ensuing Production Rate Ramp-Ups to Spur Demand for OEM Propeller Systems: Commercial Aircraft Orders & Deliveries for Airbus for the Year 2022 Vs 2021 (In Units)
  • New Route Expansion Signals a Good Return to Business & a Strong Business Case for New Aircraft Orders & Deliveries: Number of New Aircraft Demanded (In Units) as a Result of New Air Route Expansion by 2041
  • Flurry of Decisions to Retire Older Aircraft in the Global Fleet Bodes Well for the Propeller Systems Market
  • Growing Volume of Aircraft Retirement Drives Parallel Opportunity for New Aircraft Orders & Increased Demand for Propeller Systems in the OEM Market: Global Number of Aircraft Retired (In Units) for Years 2018 through 2022
  • Global Turboprop Fleet (In Units) by 2041 by Segment
  • Focus on Sustainability & the Ensuing Pressure for Zero Carbon Flying to Drive Replacements & Upgrades Opening Up New Opportunities for Aircraft Propellers
  • Compliance Standards for Reducing Emissions from Aviation to Become Stricter, Post Pandemic & Push Aircraft Retirements & Replacements: Global GHG Emissions from Transportation (In Billion Metric Tons of CO2) for the Year 2023
  • Composite Aircraft Propellers Storm Into the Spotlight
  • Aircraft Propellers Rise Up to the Challenge of the Future of Speed & Energy/Fuel Efficiency
  • Propeller Innovations in the Spotlight
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Commercial Aircraft Propeller Systems Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Commercial Aircraft Propeller Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Commercial Aircraft Propeller Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Commercial Aircraft Propeller Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Blades by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Blades by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Blades by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Hub Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Hub Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Hub Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Spinner by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Spinner by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Spinner by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Other Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Other Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Other Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Variable Pitch by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Variable Pitch by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Variable Pitch by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Fixed Pitch by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Fixed Pitch by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Fixed Pitch by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for OEM by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Aftermarket by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Aftermarket by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Aftermarket by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Commercial Aircraft Propeller Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Commercial Aircraft Propeller Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Commercial Aircraft Propeller Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
  • Commercial Aircraft Propeller Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aerosila
  • Airmaster Propellers Ltd.
  • Collins Aerospace
  • Dowty Propellers
  • DUC Hélices Propellers
  • FP-propeller Srl
  • GSC Systems Ltd.
  • Hartzell Propeller Inc.
  • McCauley Propellers Systems
  • MT-Propeller Entwicklung GmbH
  • Senseich Propeller Company
  • Whirl Wind Propellers Corporation