Aircraft Engine Blades Market Size (2024 - 2029)

Aircraft Engine Blades Market Analysis

The aircraft engine blades market is anticipated to register a CAGR of over 5.5% during the forecast period.

• The COVID-19 pandemic significantly impacted aircraft suppliers worldwide, impairing several aspects of the value chain, such as a dip in demand, financial exposure, worker impairment, and supply disruptions. Some of these disruptions are still persistent in the sector, which has limited the growth of the aircraft engine blades market to a certain extent. The commercial aviation sector has partially recovered from the setback driven by growth in fleet size due to passenger traffic growth. Since the military aviation sector was minimally affected due to the pandemic, considering the deployment of turbine engine blades in military aircraft, the considerable rise in military spending may boost industry recovery.
• The demand for engines and other aviation-related components has expanded dramatically, creating demand-side pressure on the engine OEMs and compelling them to expand their manufacturing capabilities to cater to the growing demand. New aviation emission norms are also encouraging operators to opt for a modern low-emission engine for their fleet to ensure compliance with the emerging emission standards across the globe. The new-generation engines require extensive R&D, thereby driving the resources invested toward developing and producing new-generation engines for modern aircraft models.

Aircraft Engine Blades Industry Segmentation

The aircraft engine blades consist of vanes and valves used in aircraft. These vanes and valves may produce a smooth gas flow by directing and compressing the air inside the engine. A turbine blade, an aerodynamic blade positioned on the rim of a turbine disc with multiple blades, generates a tangential force that rotates a turbine rotor. Both steam turbines and gas turbine engines use these blades. The gas produced by the combustor, which has an elevated temperature and pressure, is used by the blades to generate energy. The engine's blades are typically its limiting element.

The aircraft engine blade market is segmented by blade type, application, material type, and geography. By blade type, the market is segmented into compressor blades, turbine blades, and fan blades. By application, the market is divided into commercial, military, and general aviation. By material, the market is segmented into titanium, nickel alloy, composites, and other materials. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

The market sizing and forecasts have been provided in value (USD million) for all the above segments.