The aeroengine fan blades market in APAC was valued at US$ 1,059.6 million in 2019 and is projected to reach US$ 1,571.6 million by 2027; it is expected to grow at a CAGR of 5.2 % from 2020 to 2027.
The market in APAC has been analyzed on the basis of historical, current, and future trends in various countries in the region. The aeroengine fan blades market players in this region are experiencing significant demand for their products due to continuous developments in the infrastructure of the aerospace sector, as well as owing to the growing demand for aircraft across the region. Huge population with a wide range of income levels,as well as strong growth in their spending, is among the major factors influencing the aviation industry in the region. The presence of a large number of dynamic developing economies in APAC has been supporting the growth of the aviation industry. As per the data from IATA, Asia Pacific witnessed an increase of 8.7% in the airways passenger traffic in 2018,over that in 2017. This is further generating greater demand for aeroengine fan blades. Furthermore, Japan and China are among the leading countries in the APAC aeroengine fan blades market. The significant demand for the fan blades in these countries is mainly due to the steep rise in the government investmentsin the development of the aerospace & defense sector.
Asia-Pacific Aeroengine Fan Blades Market Revenue and Forecast to 2027 (US$ Mn)
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Asia-PacificAeroengine Fan Blades Market Segmentation
Asia-PacificAeroengine Fan Blades Market, by Engine Type
- Turbofan Aeroengine
- Turboprop Aeroengine
- Turbojet Aeroengine
Asia-PacificAeroengine Fan Blades Market, by Material Type
- Titanium Alloys
- Aluminum Alloys
- Steel
- Composites
Asia-PacificAeroengine Fan Blades Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia-PacificAeroengine Fan Blades Market -Companies Mentioned
- Chaheng Precision Co. Ltd.
- GE Aviation
- GKN Aerospace Services Limited
- IHI Corporation
- MTU Aero Engines AG
- Rolls-Royce Holdings plc
- Safran S.A.
Asia Pacific Aeroengine Fan Blades Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,059.6 Million |
| Market Size by 2027 | US$ 1,571.6 Million |
| Global CAGR (2020 - 2027) | 5.2 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Engine Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Trends and growth analysis reports related to Aerospace and Defense : READ MORE..
The List of Companies - Asia Pacific Aeroengine Fan Blades Market
- Chaheng Precision Co. Ltd.
- GE Aviation
- GKN Aerospace Services Limited
- IHI Corporation
- MTU Aero Engines AG
- Rolls-Royce Holdings plc
- Safran S.A
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