Global Aircraft Propeller System Market report published by Accurize Market Research forecast that the global market is expected to reach $390 billion by 2025; growing at a CAGR of 6.1% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Technological developments, the service life of the propulsion system more reliable and contributes to reducing its weight which would further drive the growth of the market
Technological developments, the service life of the propulsion system more reliable and contributes to reducing its weight and its maintainability in aviation sectors fuel the demand for the global aircraft propeller system market. Furthermore, an increase in the number of aircraft and increasing passenger traffic also boosts the growth of the market.
Market Segmentation
The global aircraft propeller system market has been bifurcated on the basis of aircraft type, propeller type, component, end-user, and geography. The aircraft type segment can be further segmented into military aircraft and civil & commercial aircraft. The propeller type segment is divided into fixed pitch propeller and varying pitch propeller segment. The end-user type segment is divided into OEM and aftermarket. Component type segments can be further segmented into blades, hubs, spinners, and others.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are covered under North America wherein Europe covers U.K, Germany, France, Italy, and others. Asia-Pacific covers China, India, Japan, Australia, and others. RoW covers South America, the Middle East, and Africa.
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Top players in the market
The key market players include Hartzell Propeller, Mt-Propeller, Dowty Propellers, Mccauley Propeller, Airmaster Propellers, Hélices E-Props, FpPropeller, Ratier-Figeac, Whirlwind Propellers, SensenichPropellerandHerculesGlobal Aircraft Propeller System Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025.