Global Commercial Aircraft Turbine Blades and Vanes Market 2016-2020

Outlook of the commercial aircraft turbine blades and vanes market

Technavio’s market research analyst predicts the global commercial aircraft turbine blades and vanes market to grow at a CAGR of approximately 6% during the forecast period. The prospects for growth in this market will be driven by the increasing demand from emerging markets. Factors like high fuel prices, strict regulations about noise and carbon dioxide emissions, and an increase in competition from LCCs will compel manufacturers to develop a modern aero-engine design that is lightweight and saves fuel. This increase in the development of new aircraft will augment the demand for commercial aircraft gas turbine engines, which includes turbine blades and vanes. 

Rising fuel expenses is a major concern for airline operators. According to the International Air Transport Association (IATA), fuel price accounted for 30% of the overall airline operating cost. Consequently, engine manufacturers are developing new and advanced technologies. CFM’s LEAP and GE9X engines are the next-generation fuel-efficient engines that help to reduce the weight and the overall efficiency of the aircraft. Such innovations are likely to drive the market over the next four years.

Geographical segmentation of the commercial aircraft turbine blades and vanes market

• Americas
• APAC
• EMEA