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

Global Commercial Aircraft Turbine Blades and Vanes Market Overview

Commercial Aircraft Turbine Blades and Vanes Market Size was valued at USD 1383.5 million in 2022. The Commercial Aircraft Turbine Blades and Vanes market is projected to grow from USD 1455.3 Million in 2023 to USD 2073.8 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.91 % during the forecast period (2023 - 2030). The increase in the number of aircraft manufactured and the rising demand for fuel-efficient engines are expected to drive market growth. However, the current backlog in aircraft deliveries and issues associated with material costs and blade fatigue might hamper the growth of the market.

Commercial Aircraft Turbine Blades and Vanes Market TrendsIncreasing 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.

Schizophrenia Market Segment 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

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

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. Moreover, rising expenditure in the military is attributed to driving the military aircraft development as well as purchase, the Asia Pacific growing general aviation fleet is driving the market.  Europe: Increasing demand for engines, as well as other aviation-related components, has grown majorly. As a result of this, engine production is now needed to manufacture a number of engines annually. Because of increased demand, the market for engine blades is growing much faster. Because of the rise in demand, businesses are developing technologies that are able to reduce the total weight as well as emissions of the engines for getting potential customers along with increasing their market share.


This is further driving investment in research and development in the segment. The new aircraft engine features technologies innovation are estimated to make a significant part of new delivery in developing regions. The entrance of new aircraft programs is propagating the development of new aircraft engine models developed particularly for new aircraft. The component, as well as the part manufacturer, are increasing their manufacturing facilities, as well as adopting advanced technologies, primarily boosting the production capacities. The machine is a complex part of the aircraft as well as consists of a number of individual factors of a different factor. The engine reaching 2100 degrees centigrade temperature has risen the demand for innovation in the material. Due to this high-temperature superalloys, which include some non-metallic mixes similar to nickel blends, titanium, as well as pottery, have been considered in engine blade production. Furthermore, rising demand for high temperature resistant, lightweight parts for the engine as well as critical factors contributing to energy effectiveness. The player in the region are working on the development of the aircraft segment such as Safran has planned to establish new compressor blades and vanes manufacturing facilities for aircraft engines in Walloon Belgium. Represent a USD 50 million investment, the new production plant will manufacture titanium compressor blades which includes the need for the LEAP engine, as well as support the Safroan industrial expertise in the company's flagship product, the low-pressure compressor. It is being established in partnership with Walloon federal authorities and Belgian. These developments are attributed to driving the growth of the aircraft engine blade market.


North America: Despite COVID-19 as well as the shutdown of air transportation across the globe, the major airlines around the US have managed to stay afloat without adopting drastic measures for surviving the economic slump. With market conditions estimated to revive in the coming year, the airlines have executed the required actions for keeping the stability of the market as well as being very effective in removing the restrictions in 2021. For example, United Airlines has adopted a different method. The airline had not announced major fleet retirements as well as had maintained a massive order book, with 800 aircraft in its fleet as well as over 300 aircraft on the order of quarter 4 of 2020. Furthermore, the airline also announced new domestic and long-haul international routes. Southwest Airlines have announced plans for modernizing its fleet by replacing its old 737 aircraft with advanced MAX variants.

The demand for air cargo increased in the US in 2020. Correspondingly, the air cargo carriers in the US ordered new aircraft for expanding their fleet. In July 2020, FedEx Express has planned to purchase 50 additional 767-300F aircraft from Boeing as the continuous modernization of its aircraft fleet. In addition to 50 confirmed orders, FedEx has alternative options for purchasing 50 767F aircraft. As of February 2022, FedEx planned for procuring freighter planes as the e-commerce sector escalate in the US post-pandemic. Thus growing commercial aircraft market will give boos the commercial aircraft turbine blades and vanes market in the region.

Figure 3: COMMERCIAL AIRCRAFT TURBINE BLADES AND VANES MARKET SHARE BY REGION 2022 (USD BIllion)

Commercial Aircraft Turbine Blades and Vanes Key Market Players & 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 and Vanes market include

• 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

Commercial Aircraft Turbine Blades and Vanes 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.

Commercial Aircraft Turbine Blades and Vanes Market Segmentation


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

• Fixed-Wing
  
  
  
  • Turbojet
  
  
  • Turbofan
  
  
  • Turboprop
  
  
  
  


• Rotary-Wing

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 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
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

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