The changing dynamics in Aircraft Propeller System Market with covid-19 impact assessment.
June 10, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Propeller System Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Propeller System Market was likely to witness an impressive CAGR of 7.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Rising demand for lightweight and fuel-efficient aircraft and mounting number of deliveries of Special Light-Sport Aircraft (SLSA) are estimated to drive the growth of the global aircraft propeller system market.
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Aircraft Propeller System Market Segment Insights:
By Component Type:
The blades component segment was expected to hold the largest share of the market in 2018. The growth of this segment is owing to the rising use of composites to engineer propeller blades. The hubs component segment is estimated to register the highest growth during the forecast period.
By Region:
North American region was expected to be the largest market for aircraft propeller systems in 2018. The aircraft propeller system market is estimated to depict substantial growth in the Asia-Pacific region in the coming five years owing to the rising demand for fuel-efficient turboprop engine aircraft. Further, the growing demand for varying pitch propeller-based aircraft from the emerging economies is also expected to propel the growth of the Asia-Pacific aircraft propeller system market during the forecast period. Countries such as China, Brazil, and India have enormous growth potential for the aircraft propeller system market as governments of these countries have paced up their defense expenditure to boost their civil & commercial and military aircraft fleet.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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