-- Military Simulation and Virtual Training Market Research Report 2019 published By Market Research Future, provides information on Global Military Simulation and Virtual Training Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Aircraft type (Fixed-wing, Rotary-wing), by Engine type (Turboprop, Turboshaft, Turbofan), by Material (Steel & Nickel Alloys, Titanium Alloys, Others), and by Region - Forecast till 2023
Market Synopsis:
According to Market Research Future (MRFR)’s latest analysis, the global commercial aircraft turbine blades and vanes market has been projected to expand at a CAGR of 6% during the forecast period 2017 to 2023. The developments witnessed in the aviation industry coupled with the drastic rise in annual air traffic have opened avenues of expansion for the global market.
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Aircraft blades and vanes are of high importance due to its efficiency in the extraction of energy from the high temperature and high-pressure gas generated in the combustion chamber. It aids the aircraft’s need for lasting in tough environments. Key players are focusing on different methods of cooling such as internal air channels, thermal barrier coatings, and boundary layer cooling for enhancing efficiency. Longevity of an aircraft depends on the performance of its blades and vanes. High-quality materials are used in manufacturing, such as nickel-titanium-aluminum alloys. Research and development activities are undertaken for the development of products with high-tensile strength, and high resistance to corrosion & extreme temperatures. This, in turn, has been projected to augment the global k over the next couple of years.
One of the major setbacks experienced by the participants of the aviation sector is the rising fuel prices. It has opened growth avenues for the players in the global commercial aircraft turbine blades and vanes market. The emphasis on the manufacturing of fuel-efficient blades and vanes is likely to revolutionize the growth trajectory of the market.
Competitive Dashboard:
Some of the key players identified in the report are -
The Robert E. Morris Company (U.S.)
• GE Aviation (U.S.)
• Rolls Royce (U.K)
• GKN Aerospace (U.K)
• Turbocam International (U.S.)
• UTC Aerospace Systems (U.S.)
• Hi-Tek Manufacturing (U.S.)
• Chromalloy (U.S.)
• Moeller Aerospace (U.S.)
• Snecma (France)
The competitive landscape of the commercial aircraft turbine blades and vanes market represents robust competition. Emphasize is placed on the development of cost-effective and high-quality products for capitalizing on the growing demand. Vendors are primarily competing on the basis of the cost associated with the manufacture and design of blades for sustaining in the market.
Industry News:
In January 2019, GE Aviation, an operating unit of General Electric (GE), has announced that it is building GE9X to power Boeing 777X, exclusively for the latest version of Boeing’s long-haul airliner. The plane is set to roll out in February and sets out as the largest jet engine with fourth generation carbon fiber composite fan blades.
In December 2018, Japan-based engine-manufacturing affiliate of Mitsubishi Aircraft has announced the completion of the assembling of Pratt & Whitney PW1200G turbofan. It is claimed to be a milestone towards the beginning of full-scale MRJ production.
Market Segmentation:
By aircraft type, the global commercial aircraft turbine blades and vanes market has been segmented into fixed-wing and rotary-wing.
By engine type, the commercial aircraft turbine blades and vanes market has been segmented into turboprop, turboshaft, and turbofan.
By material, the global commercial aircraft turbine blades and vanes market has been segmented into steel & nickel alloys, titanium alloys, and others.
Regional Analysis:
The global commercial aircraft turbine blades and vanes market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Rest of the World. Among these, Asia Pacific is expected to hold the dominant share of the global market owing to the massive growth witnessed in the aviation base of the region.
Europe and Americas are important growth pockets that encompass major leaders of the global commercial aircraft turbine blades and vanes market. These regions are poised to experience healthy growth in the forthcoming years. Meanwhile, the Middle East & Africa is anticipated to exhibit moderate growth due to a remarkable increase witnessed in the air traffic of the region.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Intensity of Competitive Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued.......
List of Tables
Table 1 Commercial Aircraft Turbines Blades and Vanes: by Region, 2017-2023
Table 2 North America Commercial Aircraft Turbines Blades and Vanes: by Country, 2017-2023
Table 3 Europe Commercial Aircraft Turbines Blades and Vanes: by Country, 2017-2023
Table 4 Asia Pacific Commercial Aircraft Turbines Blades and Vanes: by Country, 2017-2023
Table 5 Row Commercial Aircraft Turbines Blades and Vanes: by Country, 2017-2023
Table 6 Commercial Aircraft Turbines Blades and Vanes, by Aircraft Type, 2017-2023
Table 7 North America Commercial Aircraft Turbines Blades and Vanes, by Aircraft Type, 2017-2023
Table 8 Europe Commercial Aircraft Turbines Blades and Vanes, by Aircraft Type, 2017-2023
Continued.......
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued.......
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