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Aircraft Propeller System Market is expected to reach USD 524.1 Million by 2026 from USD 286.4 Million in 2016 at a CAGR of 6.23% (Detailed analysis of the Aircraft Propeller System Market CAGR is provided in the report). Thrust is the force that moves the aircraft through the air it is generated by the propulsion system of the aircraft. A propeller is one of the propulsion systems for aircraft. The propeller consists of two or more blades together connected to the hub that is further connected to the engine shaft. A slighter complex design and minimal moving parts of the propeller engine compared to high bypass turbofan engines is its main advantage that is driving its adoption rates in the aircraft industry.
Aircraft Propeller System Market
The Aircraft Propeller System Market based on propeller type has been segmented into fixed pitch and varying pitch propellers. The Aircraft Propeller System Market based on aircraft type, the civil & commercial aircraft is expected to be one of the major contributors to the market growth. Different types of utility aircraft are equipped with the recent and advanced propeller systems because of short take-off distance required by them Amari Cooper Womens Jersey , along with enhanced cruising speed and control. Propeller-based aircraft offer excellent lifting capabilities and they highly fuel efficient. The blades segment based on the component is expected to hold one of the largest market shares for aircraft propeller system during the forecast period. An increasing use of composites to manufacture propeller blades. The hubs segment of the aircraft propeller system is projected to grow at a high CAGR during the forecast period.
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Geographically, the aircraft propeller system market has been segmented into North America, Europe, Asia Pacific Dak Prescott Womens Jersey , Middle East & Africa, and Latin America. North America is expected to be one of the largest markets for aircraft propeller system. Asia Pacific is expected to grow at a high CAGR during the forecast period. This is due to the increasing demand for lightweight and fuel-efficient aircraft. However, high costs of manufacturing aircraft propeller systems and increasing maintenance costs of turboprop engine aircraft act as challenges for the market growth.
The years that have been considered for the study are:
鈥?Base year 鈥?2016 鈥?Estimated year 鈥?2017 鈥?Forecast period 鈥?2016 to 2026