Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 401 Million | USD 566 Million | 3.5% | 2024 |
FrequentlyAsked Questions
The propeller is one part of the aircraft propulsion system. The propeller system is designed to propel an aircraft through the air. Rotational energy must be converted into thrust through the propeller for an aircraft to fly.
Growth in demand for lightweight & fuel-efficient aircraft, the emergence of lightweight & cost-effective aircraft propeller components, the increase in demand for unmanned aerial vehicles, and the rise in the number of deliveries of special light-sport aircraft (SLSA) across the globe are some of the major factors that drive the growth of the global aircraft propeller system market.
According to the report, the global aircraft propeller system market size was worth around USD 401 million in 2024 and is predicted to grow to around USD 566 million by 2034.
The global aircraft propeller system market is expected to grow at a CAGR of 3.5% during the forecast period.
The global aircraft propeller system market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players and technological advancements.
The global aircraft propeller system market is dominated by players like Hartzell Propeller Inc., MT-Propeller Entwicklung GmbH, Dowty Propellers, McCauley Propeller Systems, Sensenich Propeller, Culver Props, Helices E-Props, Avia Propeller Ltd., Airmaster Propellers Ltd., Hoffmann Propeller GmbH & Co. KG, WhirlWind Propellers Corporation, Catto Propellers, Hercules Propellers, GT Propellers, Ratier-Figeac, Hoffmann Propeller Inc., Warp Drive, Inc., Woodcomp Propellers s.r.o., Ivoprop Corp., and Prince Aircraft Company, among others.
The aircraft propeller system market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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