Global Turboprop Aircraft Propeller System Market 2017-2021

Overview of the global turboprop aircraft propeller system market

Research analysis on the global turboprop aircraft propeller system market identifies that the cost-effective maintenance will be one of the major factors that will have a positive impact on the growth of the market. A lesser complex design and minimal moving parts of the turboprop engine compared to high-bypass turbofan engines is its main advantage that is driving its adoption rates in the aircraft industry. This results in lower complicated operation of the engine that gives rise to better reliability. Moreover, a turboprop can work for increased periods before it comes for inspection and the working time between overhaul (TBO) for a turboprop engine is about 3,000 hours compared to other variants of engines that generally varies between 1,800-2,000 hours. These benefits ensure that turboprop engines involve reduced maintenance costs than their counterparts. Technavio's market research analysts predict that this market will post a revenue of more than USD 190 million by 2021.

The implementation of better blade designs to raise the fuel efficiency is one of the key trends that will contribute to the growth of this market in the forthcoming years. The introduction of higher number of blades that are thinner will increase the efficiency. This trend is increasingly gaining traction in the aircraft industry. For instance, GE Aviation's Dowty Propellers launched the turbo-propulsion system concept that integrates the propeller, nacelle, engine and other systems to gain about 3%-5% improvement in fuel efficiency and a 4-6 dB reduction in noise. This includes an eight-blade and swept-prop design.

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Technavio's industry research report on the Global Turboprop Aircraft Propeller System Market will help you

• Identify latent opportunities and explorative solutions in the turboprop aircraft propeller system market
• Identify your key competition, and what's making them tick?
• Build a comprehensive marketing plan that's applicable across 50+ countries

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Competitive landscape and key vendors  

The vendors in the turboprop propellers market compete based on component quality, reliability, cost, and market share. To survive and succeed in this competitive environment, it is important for vendors to provide high-quality and cost-effective turboprop propeller systems and associated parts and components. Moreover, in-house manufacturing strength, a worldwide network, product range, suitable investment in R&D activities, and innovative technologies are the focus areas for vendors to gain a competitive edge in the turboprop engine market.

The leading vendors in the market are ?

• AEROSILA
• Dowty Propellers
• Hartzell Propeller
• United Technology Corporation (UTC)

The other prominent vendors in the market are AVIA PROPELLER, MT-Propeller Entwicklung, HOFFMANN PROPELLER, and McCauley Propeller Systems.

Segmentation by material composition and analysis of the turboprop aircraft propeller system market

• Composite-based propellers
• Aluminum-based propellers

During 2016, the composite-based propellers segment accounted for the major shares of the turboprop aircraft propeller system market. Advantages such as lightweight and durable qualities and its wide usage across aerostructures, engine components, and aircraft interiors will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the turboprop aircraft propeller system market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the turboprop aircraft propeller system market throughout the forecast period. The high demand due to shifting dynamics of regional aircraft traffic and rising investments in aerospace arts and component manufacturing sector will drive the market growth in the region. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global turboprop aircraft propeller system market?
• What are the key market trends impacting the growth of the global turboprop aircraft propeller system market?
• What are the challenges to market growth?
• Who are the key vendors in the global turboprop aircraft propeller system market?
• What are the market opportunities and threats faced by the vendors in the global turboprop aircraft propeller system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global turboprop aircraft propeller system market?

Technavio also offers customization on reports based on specific client requirement.

This industry research report on the global turboprop aircraft propeller system market by Technavio is a vital part of the aerospace and defense portfolio and offers insights into the major trends and evolving drivers inducing the growth of the aerospace industry. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various aerospace products and services and offers a comprehensive overview of the global turboprop aircraft propeller system market for the estimated period of 2017-2021.

This upcoming market research report on the global turboprop aircraft propeller system market covers vendors like Dowty Propellers, Xi?an Aircraft, Aircraft Industries, Hartzell Propeller, and Propeller Systems (UTC). To offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global turboprop aircraft propeller system market also covers geographies like the Americas, APAC, and EMEA.

Our market research analysis includes qualitative and quantitative research techniques like vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape.

The upcoming industry report on the global turboprop aircraft propeller system market also offers insights into fast-growing segments within the transportation and logistics industry, including sectors like aerospace components and maintenance repair and overhaul (MRO). Additionally, this report also presents insights into the competitive landscape to give clients a realistic picture of the future growth prospects of the industry.

Our market research methodology for the turboprop aircraft propeller system market

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