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    Commercial Aircraft Turbine Blades Vanes Market

    ID: MRFR/A&D/1132-CR
    103 Pages
    Swapnil Palwe
    April 2023

    Commercial Aircraft Turbine Blades and Vanes Market Research Report By Engine Type (Fixed-Wing [Turbojet, Turbofan and Turboprop] and Rotary-Wing), Blade Type (Equiaxed Blade, Directionally Solidified Blade and Single Crystal Blade), Material (Steel & Nickel Alloys, Titanium Alloys and Others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

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    Commercial Aircraft Turbine Blades and Vanes Market Research Report - Global Forecast till 2030 Infographic
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    Commercial Aircraft Turbine Blades Vanes Market Summary

    As per Market Research Future Analysis, the Global Commercial Aircraft Turbine Blades and Vanes Market was valued at USD 1383.5 million in 2022 and is projected to reach USD 2073.8 million by 2030, growing at a CAGR of 5.91% from 2023 to 2030. The growth is driven by increasing aircraft manufacturing and demand for fuel-efficient engines, despite challenges such as aircraft delivery backlogs and material costs. The commercial segment is a significant contributor to market growth, with rising air passenger traffic leading to increased orders for new generation aircraft. Major players are expanding production capacities to meet the growing demand.

    Key Market Trends & Highlights

    Key trends influencing the market include rising demand for new aircraft and advancements in engine technology.

    • Commercial aircraft demand is expected to exceed 41,000 units from 2022-2041.
    • Asia Pacific is projected to require 3,430 narrowbody and 740 widebody aircraft by 2041.
    • Steel & nickel alloys are anticipated to grow at the highest CAGR during the forecast period.
    • Engine manufacturers face a backlog of orders valued at USD 140 billion.

    Market Size & Forecast

    2022 Market Size USD 1383.5 Million
    2023 Market Size USD 1455.3 Million
    2030 Market Size USD 2073.8 Million

    Major Players

    Key companies include GE Aviation, Rolls-Royce, Safran, Collins Aerospace, and Precision Castparts Corp.

    Commercial Aircraft Turbine Blades Vanes Market Trends

    •  Increasing demand for aircraft in the commercial segment to propel the market growth

    The commercial segment had a significant proportion of the aircraft engine blade market. This is because of an increase in airline purchases for new generation aircraft for replacing aged fleets as well as to extend the service offered. The rising demand for commercial aircraft is due to increase air passenger traffic across the region, which has led carriers to purchase newer generation aircraft to assuring profitability.

    As an aircraft model is created to be integrated with limited engine alternatives, this has led to a rise in orders for a new gas turbine for integrating onboard the new aircraft that are to be delivered to airline operators. As per International Air Transport Association, the overall traffic of air passengers would reach 4 billion in the year 2024. Moreover, according to Commercial Market Outlook 2022 The Boeing Company, the demand has exceeded 41,000 units during 2022-2041. Engine manufacturers are witnessing a massive backlog of orders of USD 140 billion.

    As a result, engine original equipment manufacturers for instance as Rolly Royce Holding PLC, Safran SA, General Electric, and Pratt & Whitney are expanding existing facilities for increasing output. New aircraft programs, for instance, Boeing B777X as well as the Comac C919, are also expected to drive demand for aircraft engine blades in the class. The GE9X engine is installed in the Boeing B777X. The GE9X engine is produced by GE company as well as features 3D-printed low-pressure turbine blades as well as sophisticated carbon fiber composite fan blades.

    The ongoing advancements in materials and manufacturing processes for turbine blades and vanes are poised to enhance fuel efficiency and performance in the commercial aviation sector, reflecting a broader trend towards sustainability and innovation in aerospace engineering.

    U.S. Department of Transportation

    Commercial Aircraft Turbine Blades Vanes Market Drivers

    Market Trends and Projections

    The Global Commercial Aircraft Turbine Blades and Vanes Market Industry is characterized by various trends and projections that indicate a positive outlook. The market is expected to grow from 1.49 USD Billion in 2024 to 2.76 USD Billion by 2035, with a CAGR of 5.78% from 2025 to 2035. This growth is driven by factors such as increasing demand for fuel efficiency, technological advancements, regulatory pressures, and the expansion of the commercial aviation sector. The interplay of these dynamics suggests a robust future for the industry, as stakeholders adapt to evolving market conditions.

    Increasing Demand for Fuel Efficiency

    The Global Commercial Aircraft Turbine Blades and Vanes Market Industry is experiencing a notable shift towards fuel-efficient technologies. Airlines are increasingly focusing on reducing operational costs and minimizing environmental impact, which drives the demand for advanced turbine blades and vanes. These components play a crucial role in enhancing engine performance and fuel efficiency. As a result, the market is projected to grow from 1.49 USD Billion in 2024 to 2.76 USD Billion by 2035, reflecting a compound annual growth rate of 5.78% from 2025 to 2035. This trend indicates a strong commitment from the aviation sector to adopt innovative solutions that align with sustainability goals.

    Emerging Markets and Regional Expansion

    The Global Commercial Aircraft Turbine Blades and Vanes Market Industry is witnessing growth in emerging markets, particularly in Asia-Pacific and the Middle East. These regions are experiencing rapid economic development and an increase in air travel demand, leading to investments in new aircraft and engine technologies. As airlines in these regions expand their fleets, the need for advanced turbine blades and vanes becomes critical. This regional expansion presents opportunities for manufacturers to tap into new markets, driving innovation and competition within the industry.

    Technological Advancements in Materials

    The Global Commercial Aircraft Turbine Blades and Vanes Market Industry is significantly influenced by advancements in materials science. The introduction of lightweight, high-strength materials such as titanium alloys and composite materials enhances the performance and durability of turbine components. These innovations not only improve efficiency but also extend the lifespan of blades and vanes, thereby reducing maintenance costs for airlines. The ongoing research and development in material technologies suggest a robust growth trajectory for the market, as manufacturers strive to meet the increasing demands for performance and reliability in modern aircraft engines.

    Growth of the Commercial Aviation Sector

    The Global Commercial Aircraft Turbine Blades and Vanes Market Industry is closely linked to the expansion of the commercial aviation sector. With increasing passenger traffic and the rise of low-cost carriers, the demand for new aircraft is surging. This growth necessitates the production of high-performance turbine blades and vanes, which are essential for modern jet engines. As airlines invest in fleet expansion and modernization, the market is poised for significant growth, reflecting the broader trends in global air travel and the need for efficient, reliable aircraft components.

    Regulatory Pressure for Emission Reductions

    Regulatory frameworks aimed at reducing aviation emissions are shaping the Global Commercial Aircraft Turbine Blades and Vanes Market Industry. Governments worldwide are implementing stringent regulations to curb greenhouse gas emissions from aircraft, prompting manufacturers to innovate and develop more efficient turbine technologies. This regulatory pressure encourages the adoption of advanced turbine blades and vanes that contribute to lower emissions and improved fuel efficiency. As airlines adapt to these regulations, the market is likely to witness sustained growth, driven by the need for compliance and the pursuit of greener aviation solutions.

    Market Segment Insights

    Schizophrenia Market Segment Insights

    Schizophrenia Market Segment Insights

    Commercial Aircraft Turbine Blades and Vanes Engine Type Insights

    Commercial Aircraft Turbine Blades and Vanes Engine Type Insights

    The Commercial Aircraft Turbine Blades and Vanes is based on engine type and include a fixed wing and rotary wing. The fixed wing is further subsegment into turbojet, turbofan, and turboprop, increasing in the number of aircraft manufactured and the rising demand for fuel-efficient engines are expected to drive the market growth.

    Commercial Aircraft Turbine Blades and Vanes Blade Type Insights

    Commercial Aircraft Turbine Blades and Vanes Blade Type Insights

    The Commercial Aircraft Turbine Blades and Vanes is based on blade type, and includes directionally solidified blade, and single crystal blade. Increasing aircraft being manufactured and the demand for new aircraft from countries such as China and India is expected to drive the segment growth.

    Commercial Aircraft Turbine Blades and Vanes Blade Material Insights

    Commercial Aircraft Turbine Blades and Vanes Blade Material Insights

    Based on material, the global market has been divided into steel & nickel alloys, titanium alloys, and others. The steel & nickel alloys segment dominated the segment is 2021 and is expected to grow at the highest CAGR during the forecast period. Aircraft turbine blades and vanes manufactured using steel & nickel alloys have high strength and high melting points. Therefore, the segment is expected to grow at the highest CAGR during the forecast period.

    Figure 2: Commercial Aircraft Turbine Blades and Vanes Market, by Aircraft Type, 2022 & 2030 (USD Billion)

    Asia Pacific: An increasing number of people are opting for air travel in the Asia Pacific. According to The Boeing Company, Southeast Asia would create a demand for 3,430 narrowbody as well as 740 widebody aircraft by the year 2041. India and China are the two most significant demand generators with India being expected to create demand for over 2,200 new aircraft.

    Asia Pacific is an MRO hub as well as the robust demand has encouraged aircraft engine original equipment manufacturers as well as supply chain players for expanding along with setting up new facilities in Asia pacific to decrease supply chain complexities. Increasing fuel expense is an important concern for airline operators, the price of fuel accounts for 30% of the airline operating cost.

    Get more detailed insights about Commercial Aircraft Turbine Blades and Vanes Market Research Report - Global Forecast till 2030

    Key Players and Competitive Insights

    Major market players are spending a lot of money on R&D to increase their product lines, which will help the Commercial Aircraft Turbine Blades and Vanes market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the schizophrenia industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

    Key Companies in the Commercial Aircraft Turbine Blades Vanes Market market include

    Industry Developments

    July 2022 CFM International and Airbus, a 50/50 joint venture between Genral Electric Aviation as well as Safran Aircraft Engines have collaborated together to flight test CFM's which is cutting edge open fan designs. July 2021 KTH and GKN Aerospace have collaborated in developing fan technology for smaller electric aircraft to achieve sustainability targets. The proposed propulsion technology employed a nested fan in place of a standard propellor is stated for providing considerable advantages in terms of noise level, safety, as well as engine installation.

    Future Outlook

    Commercial Aircraft Turbine Blades Vanes Market Future Outlook

    The Commercial Aircraft Turbine Blades and Vanes Market is projected to grow at a 5.78% CAGR from 2024 to 2035, driven by advancements in materials and increasing demand for fuel efficiency.

    New opportunities lie in:

    • Invest in advanced composite materials to enhance performance and reduce weight.
    • Develop predictive maintenance technologies to optimize turbine blade lifespan.
    • Expand into emerging markets with tailored turbine solutions for regional aircraft.

    By 2035, the market is expected to achieve robust growth, reflecting evolving technological advancements and heightened demand.

    Market Segmentation

    Commercial Aircraft Turbine Blades and Vanes Material Outlook (USD Billion, 2018-2030)

    • Steel & Nickel Alloys
    • Titanium Alloys
    • Others

    Commercial Aircraft Turbine Blades and Vanes Regional Outlook (USD Billion, 2018-2030)

    North America
    • US
    • Canada

    Commercial Aircraft Turbine Blades and Vanes Blade Type Outlook (USD Billion, 2018-2030)

    • Equiaxed Blade,
    • Directionally Solidified Blade
    • Single Crystal Blade

    Commercial Aircraft Turbine Blades and Vanes Engine Type Outlook (USD Billion, 2018-2030)

    Fixed-Wing
    • Turbojet
    • Turbofan
    • Turboprop

    Report Scope

    Attribute/Metric Details
    Market Size 2022 USD 1383.5 Million
    Market Size 2023 USD 1455.27 Million
    Market Size 2030 USD 2073.79 Million
    Compound Annual Growth Rate (CAGR) 5.91%
    Base Year 2022
    Market Forecast Period 2023-2030
    Historical Data 2018 - 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Treatment, Route of Administration and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled AMETEK.Inc., Arconic, Chromalloy, Collins, Aerospace, Doncasters Group Ltd, DongYing Hengxin Turbomachinery Co.,Ltd, FLC Flowcastings, GE Aviation, PBS Group, A. S. Precision Castparts Corp, Rolls-Royce, Safran, Turbocam International, The Robert E. Morris Company
    Key Market Opportunities Increasing in the number of aircraft manufactured
    Key Market Dynamics The rising demand for fuel-efficient engines

    Market Highlights

    Author
    Swapnil Palwe
    Team Lead - Research

    With a technical background as Bachelor's in Mechanical Engineering, with MBA in Operations Management , Swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the Automotive/A&D domain. Swapnil has worked on major projects in verticals such as Aerospace & Defense, Automotive and many other domain projects. He has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.

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    FAQs

    What is the CAGR of the commercial aircraft turbine blade and vane market?

    Commercial aircraft turbine blade and vane market can rise at 5.91% CAGR by 2025.

    What is commercial aircraft turbine blade and vane market valuation?

    By 2025, the commercial aircraft turbine blade and vane market can touch USD 1,610.24 Mn.

    Who are commercial aircraft turbine blade and vane market key players?

    Turbine Casting SAS (France), Safran (France), AMETEK.Inc. (US), and GE Aviation (US) are some well-established commercial aircraft turbine blade and vane market players.

    What can drive the commercial aircraft turbine blade and vane market?

    Increase in demand for turbofan to favor commercial aircraft turbine blade and vane market.

    In which region is commercial aircraft turbine blade and vane market expected to thrive?

    APAC commercial aircraft turbine blade and vane market value can surge in near future.

    Commercial Aircraft Turbine Blades and Vanes Market Research Report - Global Forecast till 2030 Infographic
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