Published on : May 13, 2016
ALBANY, New York, May 13, 2016: The report, titled “Global Commercial Aircraft Propeller Systems Market 2016-2020,” is a concise yet all-inclusive report on the current status of this market. The report counts the recent instances that have helped shape the global commercial aircraft propeller systems market and uses proprietary methodologies to assess the market’s future between 2016 and 2020.
Common applications of the global commercial aircraft propeller systems market are found in turboprop-powered aircrafts and piston engine aircrafts, as these systems make use of components such as electronic controls, hubs, and blades. Propeller blades are usually made of composite materials or aluminum. Composite blades are usually preferred due to their light weight, which makes them more fuel conservative.
According to the report, the global commercial aircraft propeller systems market will expand at a CAGR of 3.9% between 2016 and 2020. From a regional perspective, the report covers three major regions in the global commercial aircraft propeller systems market: the Americas, Europe and the Middle East, and the Asia Pacific.
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Through the assessments carried out on the global commercial aircraft propeller systems market, it is revealed that the greatest driver of this market is the advantages that modern technologies are offering in terms of fuel efficiency. In the midst of escalating aircraft fuel prices, it makes more sense to increase initial expenditure to obtain better quality components that reduce the overall consumption of fuel.
However, the global commercial aircraft propeller systems market is still hindered by the design aspects of propellers. Innovative efforts continue to fall short in terms of creating a new and more feasible design that consumes lower amounts of fuel.
The future growth prospects of the global commercial aircraft propeller systems market are expected to be dependent on the rising demand for commercial aircrafts in the Asia Pacific. Major countries in this region, such as China and India, are showing rapid rates of economic and industrial development, providing opportunities for a higher level of air travel services.
The report provides an extensive spread on the competitive landscape of the global commercial aircraft propeller systems market, in which it explains the activities of five top players and other prominent players. The key players in the global commercial aircraft propeller systems market are UTC Aerospace Systems, McCauley, Hartzell Propeller, Dowty Propellers, and Airmaster. Other prominent players in this market are WhirlWind Propellers, Dowty Propellers (GE), Electravia, Curtiss-Wright, and Culver Props.
The report thus provides an in-depth market analysis of the global commercial aircraft propeller systems market from the eyes of industry experts. The report answers all major questions related to this market, including the ones based on the future market size, key market trends, drivers and challengers, and the new market opportunities that may present themselves in the near future.
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