Aircraft Composite Blades Market is Forecasted to Reach US$ 117 million in 2030, Says Stratview Research
The global aircraft composite blades market is projected to witness a growth rate of 4.1% annually from 2024 to 2030, with an anticipated size of US$ 117 million by 2030, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global aircraft composite blades market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3904/aircraft-composite-blades-market.html#form
Report Highlights:
Market Size in 2030: US$ 117 million
Growth (CAGR): 4.1% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Segment Insights on the Aircraft Composite Blades Market:
The global aircraft composite blades market is segmented based on platform type, material type, process type, and region.
Based on platform type - The market is segmented into military transport aircraft, regional turboprops, general aviation, evtol, civil drones, and military cargo drones. Civil drones heavily dominate the market, owing to the millions of units sold yearly. The widespread adoption of civil drones in agriculture, videography, and surveillance has resulted in increased demand for civil drones. Growing regional connectivity is boosting demand for 6-bladed twin-engine turboprops like ATR 72. UAM and military cargo drones are in their early stages of adoption and represent new opportunities for composite blades. Military transport aircraft like the C-130J Super Hercules, Airbus A400M, and Airbus C295 are in high demand. Airbus has expanded its production facility in the Asia-Pacific region.
Based on the material type - The market is segmented into carbon composites, glass composites, and hybrid composites.
Glass composites are dominantly used by civil drone propeller manufacturers due to their cost-efficiency and feasibility, as well as their easier and faster manufacturing process, injection molding. The industry is slowly shifting towards carbon composites due to their strength and higher payload lifting capacity. Apart from civil drones, military transport aircraft, region turboprops, and eVTOL blades are mainly manufactured using carbon composites. Several eVTOL programs employ fully carbon composite structures that employ 30-40 composite blades per aircraft.
Based on the process type - The market is segmented into injection molding, overmolding+rtm, overmolding, and prepreg.
Injection molding dominates civil blade production because it creates highly uniform products. It also significantly reduces vibration, which is important for videography and surveillance. Small blades typically produced by drone manufacturers lack strength and often get damaged, creating a significant aftermarket and replacement demand. Injection molding machines can accommodate more cavities, resulting in additional units per production cycle. Prepreg is forecasted to be the fastest-growing process, as the major eVTOL and military cargo drone manufacturers prefer to manufacture their propeller blades using this process.
To know the most attractive segments, visit:
https://www.stratviewresearch.com/3904/aircraft-composite-blades-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific region is forecasted to be both biggest and the fastest growing region driven by China's dominant presence. This growth outlook is majorly attributed to the following-
- Asia-Pacific is likely to generate the highest demand for composite blades owing to the presence of major drone and eVTOL manufacturers in the region.
- China is the leading country with two eVTOL programs, EHang and Autoflight, which have received type certifications.
- In addition to civil drones, many composite propeller aircraft are also being manufactured in the region; AVIC's MA700 turboprop and TATA-Airbus C-295 are the ones worth mentioning.
- The region will also generate heavy aftermarket demand for replacement as it hosts a massive fleet of turboprops for general aviation and military transport aircraft.
Aircraft Composite Blades Market Drivers:
Some of the key drivers listed in the report are given below.
- The growing turboprop fleet in general aviation and regional airliners.
- In 2023, more than 1000 aircraft equipped with composite blades were delivered to the general aviation category alone.
- The outlook for general aviation and regional turboprops also promises an optimistic scenario regarding the adoption of composite blades.
- The rising defense budget and focus on expanding the aircraft fleet are also important driving factors.
- Increasing population and traffic congestion indicate the need for eVTOL programs, consequently driving the demand for composite blades.
- Civil drones, which rely on lightweight, high-performance composite blades to achieve longer flight endurance and higher payload capacity, are the biggest drivers for the composite blade market.
Top Companies in the Aircraft Composite Blades Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• DJI Technology Co., Ltd.
• Hartzell Propeller
• MT-Propeller
• Dowty Propellers
• Collins Aerospace
• EHang Holdings
• DUC Helices Propellers
• Mejzlik Propellers s.r.o
• Joby Aviation Inc.
• Archer Aviation Inc.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Aircraft Composite Blades Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• eVTOL Market: https://www.stratviewresearch.com/3264/evtol-market.html
• Aircraft Propulsion Composite Blades Market: https://www.stratviewresearch.com/3909/aircraft-propulsion-composite-blades-market.html
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
Stratview Research, a global market research firm has launched a report on the global aircraft composite blades market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3904/aircraft-composite-blades-market.html#form
Report Highlights:
Market Size in 2030: US$ 117 million
Growth (CAGR): 4.1% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Segment Insights on the Aircraft Composite Blades Market:
The global aircraft composite blades market is segmented based on platform type, material type, process type, and region.
Based on platform type - The market is segmented into military transport aircraft, regional turboprops, general aviation, evtol, civil drones, and military cargo drones. Civil drones heavily dominate the market, owing to the millions of units sold yearly. The widespread adoption of civil drones in agriculture, videography, and surveillance has resulted in increased demand for civil drones. Growing regional connectivity is boosting demand for 6-bladed twin-engine turboprops like ATR 72. UAM and military cargo drones are in their early stages of adoption and represent new opportunities for composite blades. Military transport aircraft like the C-130J Super Hercules, Airbus A400M, and Airbus C295 are in high demand. Airbus has expanded its production facility in the Asia-Pacific region.
Based on the material type - The market is segmented into carbon composites, glass composites, and hybrid composites.
Glass composites are dominantly used by civil drone propeller manufacturers due to their cost-efficiency and feasibility, as well as their easier and faster manufacturing process, injection molding. The industry is slowly shifting towards carbon composites due to their strength and higher payload lifting capacity. Apart from civil drones, military transport aircraft, region turboprops, and eVTOL blades are mainly manufactured using carbon composites. Several eVTOL programs employ fully carbon composite structures that employ 30-40 composite blades per aircraft.
Based on the process type - The market is segmented into injection molding, overmolding+rtm, overmolding, and prepreg.
Injection molding dominates civil blade production because it creates highly uniform products. It also significantly reduces vibration, which is important for videography and surveillance. Small blades typically produced by drone manufacturers lack strength and often get damaged, creating a significant aftermarket and replacement demand. Injection molding machines can accommodate more cavities, resulting in additional units per production cycle. Prepreg is forecasted to be the fastest-growing process, as the major eVTOL and military cargo drone manufacturers prefer to manufacture their propeller blades using this process.
To know the most attractive segments, visit:
https://www.stratviewresearch.com/3904/aircraft-composite-blades-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific region is forecasted to be both biggest and the fastest growing region driven by China's dominant presence. This growth outlook is majorly attributed to the following-
- Asia-Pacific is likely to generate the highest demand for composite blades owing to the presence of major drone and eVTOL manufacturers in the region.
- China is the leading country with two eVTOL programs, EHang and Autoflight, which have received type certifications.
- In addition to civil drones, many composite propeller aircraft are also being manufactured in the region; AVIC's MA700 turboprop and TATA-Airbus C-295 are the ones worth mentioning.
- The region will also generate heavy aftermarket demand for replacement as it hosts a massive fleet of turboprops for general aviation and military transport aircraft.
Aircraft Composite Blades Market Drivers:
Some of the key drivers listed in the report are given below.
- The growing turboprop fleet in general aviation and regional airliners.
- In 2023, more than 1000 aircraft equipped with composite blades were delivered to the general aviation category alone.
- The outlook for general aviation and regional turboprops also promises an optimistic scenario regarding the adoption of composite blades.
- The rising defense budget and focus on expanding the aircraft fleet are also important driving factors.
- Increasing population and traffic congestion indicate the need for eVTOL programs, consequently driving the demand for composite blades.
- Civil drones, which rely on lightweight, high-performance composite blades to achieve longer flight endurance and higher payload capacity, are the biggest drivers for the composite blade market.
Top Companies in the Aircraft Composite Blades Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• DJI Technology Co., Ltd.
• Hartzell Propeller
• MT-Propeller
• Dowty Propellers
• Collins Aerospace
• EHang Holdings
• DUC Helices Propellers
• Mejzlik Propellers s.r.o
• Joby Aviation Inc.
• Archer Aviation Inc.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Aircraft Composite Blades Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• eVTOL Market: https://www.stratviewresearch.com/3264/evtol-market.html
• Aircraft Propulsion Composite Blades Market: https://www.stratviewresearch.com/3909/aircraft-propulsion-composite-blades-market.html
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
