DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Commercial Aircraft Turbine Blades and Vanes Market 2016-2020" report to their offering.
The report forecasts the global commercial aircraft turbine blades and vanes market to grow at a CAGR of 5.85% during the period 2016-2020.
A new trend influencing market growth is new turbine blade material. In pursuit of continuous improvement in the aero-engine technology and components, new materials with enhanced properties are largely being used in the aerospace industry. Turbine blades and vanes undergo frequent temperature fluctuations and operate in a high-stress environment. As a result, materials with high resistance to corrosion, high-tensile strength, and high resistance to temperature are used in aircraft turbine blades and vanes.
According to the report, a key driver of market growth is the rise in aircraft and aero-engine sales. Global air traffic is expected to grow at 4.7% over the next 20 years, as more than 29,000 new passengers and cargo aircraft will be required to fulfill this demand in air traffic. In addition, more than 10,400 existing fleets will be replaced in this period.
Further, the report states that one challenge that could hamper market growth is the difficulty in repairing and restoring turbine blades and vanes.
- GE Aviation
- GKN Aerospace
- Rolls Royce
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Aerospace and defense supply chain system
PART 07: Aerospace and defense value chain system
PART 08: Market segmentation by aircraft size configuration
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/rg2tbf/global_commercial
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