세계의 항공기 엔진 블레이드 시장 - 규모, 점유율, 성장 및 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of aircraft engine blade Market

The global aircraft engine blade market is witnessing steady and significant growth, driven by rising aircraft deliveries, increasing passenger traffic, and continuous technological advancements in aerospace components. According to the latest assessment, the market was valued at USD 13.5 billion in 2024, is projected to reach USD 13.8 billion in 2025, and is forecast to grow to USD 20.8 billion by 2032, registering a CAGR of 6.06% during 2025-2032. As aircraft manufacturers expand production to meet global air travel demand, the need for advanced, lightweight, and durable engine blades is increasing, fueling overall market expansion.

In 2024, North America dominated the market with 33.33% share, supported by a strong aerospace manufacturing ecosystem and leading players such as GE Aviation, Pratt & Whitney, and Raytheon Technologies. The presence of extensive maintenance, repair, and overhaul (MRO) hubs has also strengthened the region's market leadership.

Market Dynamics

Drivers

One of the major drivers of the aircraft engine blade market is the rise in global aircraft deliveries, supported by increasing air travel demand. According to the International Air Transport Association (IATA), global passenger numbers are expected to double to 8.2 billion by 2037. In 2024 alone, air travel demand increased by 7.1% compared to 2023. Aircraft manufacturers such as Airbus and Boeing continue to expand production, with Airbus delivering 735 aircraft in 2023 and Boeing receiving 1,314 net new orders in the same year. As airlines expand fleets and adopt modern, fuel-efficient aircraft, demand for advanced engine blades intensifies.

Restraints

Despite strong demand, high manufacturing costs associated with titanium and nickel-based alloys, along with strict aviation safety regulations, pose challenges. Advanced manufacturing processes such as CNC machining, 3D printing, casting, and electrochemical machining require high precision and significantly increase production costs. Regulatory compliance further prolongs development cycles and increases investment costs for manufacturers.

Opportunities

Stringent emission norms by global regulators, including FAA and ICAO, are pushing companies to develop lighter, more heat-resistant blades that improve fuel efficiency. Innovations in composite materials, such as Ceramic Matrix Composites (CMCs) and Carbon Fiber Reinforced Polymers (CFRP), present major opportunities for the industry. These lightweight materials reduce fuel consumption and enhance performance, supporting sustainable aviation goals.

Key Market Trends

A major trend reshaping the industry is the adoption of composite materials in aircraft engine blades. Composites offer significant weight reduction, higher heat resistance, and improved lifespan compared to traditional alloys. For example, Rolls-Royce has been producing composite fan blades for its UltraFan demonstrator engine, which reduce twin-engine aircraft weight by up to 700 kg. Similarly, Shanghai Aero Engine Composites produced its first composite fan blade in January 2025, marking a strong shift toward next-generation blade technologies.

Segmentation Analysis

By Type

• Fan blades held the largest share in 2024 due to the development of high-temperature-resistant and hybrid composite blade systems.
• Turbine blades are expected to grow rapidly, driven by air traffic increases and rising engine upgrade requirements.

By Material

• Titanium alloys remain the dominant material in 2024 and 2025 due to exceptional strength-to-weight performance and heat resistance up to 600°C.
• Composite materials are expected to record the highest CAGR through 2032, driven by demand for lightweight, fuel-efficient engines.

By Application

• The commercial aviation segment leads the market, supported by surging global passenger traffic and rising aircraft orders.
• The military segment is growing fast due to increased defense budgets and fleet modernization.

Regional Outlook

North America

Valued at USD 4.5 billion in 2024, North America remains the market leader. Advanced aerospace manufacturing capabilities and heavy investments in MRO infrastructure support continued regional dominance.

Europe

Europe shows strong growth backed by Rolls-Royce, Safran, and GKN Aerospace. The EU's commitment to reducing emissions by 90% by 2050 drives adoption of advanced materials.

Asia Pacific

This region is expanding rapidly owing to increasing aircraft deliveries in China and India, rising air travel demand, and growing domestic aerospace manufacturing capabilities.

Rest of the World

Latin America and the Middle East & Africa are growing steadily due to rising aviation infrastructure investments and fleet modernization efforts.

Conclusion

With the market expected to rise from USD 13.5 billion (2024) to USD 20.8 billion (2032), global demand for high-performance aircraft engine blades is set to grow significantly. Technological innovation, composite material adoption, and rising aircraft production will continue to shape the industry's future.

Segmentation

By Type

• Compressor Blade
• Turbine Blade
• Fan Blade

By Material

• Titanium Alloys
• Nickel-based Alloys
• Composites

By Application

• Commercial
• Military

By Region

• North America (By Type, Material, Application, and Country)
  • U.S. (By Type)
  • Canada (By Type)
• Europe (By Type, Material, Application, and Country)
  • Germany (By Type)
  • France (By Type)
  • U.K. (By Type)
  • Russia (By Type)
  • Rest of Europe (By Type)
• Asia Pacific (By Type, Material, Application, and Country)
  • Japan (By Type)
  • China (By Type)
  • India (By Type)
  • South Korea (By Type)
  • Rest of Asia Pacific (By Type)
• Rest of the World (By Type, Material, Application, and Sub-Region)
  • Latin America (By Type)
  • Middle East & Africa (By Type)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
• 4.2. Latest Technological Advancements
• 4.3. Porters Five Forces Analysis
• 4.4. Supply Chain Analysis

5. Global Aircraft Engine Blade Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Definition
• 5.2. Market Analysis, Insights and Forecast - By Type
  • 5.2.1. Compressor Blades
  • 5.2.2. Turbine Blades
  • 5.2.3. Fan Blades
• 5.3. Market Analysis, Insights and Forecast - By Material
  • 5.3.1. Titanium Alloys
  • 5.3.2. Nickel-based Alloys
  • 5.3.3. Composite
• 5.4. Market Analysis, Insights and Forecast - By Application
  • 5.4.1. Commercial
  • 5.4.2. Military
• 5.5. Market Analysis, Insights and Forecast - By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. Rest of the World

6. North America Aircraft Engine Blade Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Market Analysis, Insights and Forecast - By Type
  • 6.1.1. Compressor Blades
  • 6.1.2. Turbine Blades
  • 6.1.3. Fan Blades
• 6.2. Market Analysis, Insights and Forecast - By Material
  • 6.2.1. Titanium Alloys
  • 6.2.2. Nickel-based Alloys
  • 6.2.3. Composite
• 6.3. Market Analysis, Insights and Forecast - By Application
  • 6.3.1. Commercial
  • 6.3.2. Military
• 6.4. Market Analysis, Insights and Forecast - By Country
  • 6.4.1. U.S.
    • 6.4.1.1. Market Analysis, Insights and Forecast - By Type
      • 6.4.1.1.1. Compressor Blades
      • 6.4.1.1.2. Turbine Blades
      • 6.4.1.1.3. Fan Blades
  • 6.4.2. Canada
    • 6.4.2.1. Market Analysis, Insights and Forecast - By Type
      • 6.4.2.1.1. Compressor Blades
      • 6.4.2.1.2. Turbine Blades
      • 6.4.2.1.3. Fan Blades

7. Europe Aircraft Engine Blade Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Market Analysis, Insights and Forecast - By Type
  • 7.1.1. Compressor Blades
  • 7.1.2. Turbine Blades
  • 7.1.3. Fan Blades
• 7.2. Market Analysis, Insights and Forecast - By Material
  • 7.2.1. Titanium Alloys
  • 7.2.2. Nickel-based Alloys
  • 7.2.3. Composite
• 7.3. Market Analysis, Insights and Forecast - By Application
  • 7.3.1. Commercial
  • 7.3.2. Military
• 7.4. Market Analysis, Insights and Forecast - By Country
  • 7.4.1. UK
    • 7.4.1.1. Market Analysis, Insights and Forecast - By Type
      • 7.4.1.1.1. Compressor Blades
      • 7.4.1.1.2. Turbine Blades
      • 7.4.1.1.3. Fan Blades
  • 7.4.2. Germany
    • 7.4.2.1. Market Analysis, Insights and Forecast - By Type
      • 7.4.2.1.1. Compressor Blades
      • 7.4.2.1.2. Turbine Blades
      • 7.4.2.1.3. Fan Blades
  • 7.4.3. France
    • 7.4.3.1. Market Analysis, Insights and Forecast - By Type
      • 7.4.3.1.1. Compressor Blades
      • 7.4.3.1.2. Turbine Blades
      • 7.4.3.1.3. Fan Blades
  • 7.4.4. Russia
    • 7.4.4.1. Market Analysis, Insights and Forecast - By Type
      • 7.4.4.1.1. Compressor Blades
      • 7.4.4.1.2. Turbine Blades
      • 7.4.4.1.3. Fan Blades
  • 7.4.5. Rest of Europe
    • 7.4.5.1. Market Analysis, Insights and Forecast - By Type
      • 7.4.5.1.1. Compressor Blades
      • 7.4.5.1.2. Turbine Blades
      • 7.4.5.1.3. Fan Blades

8. Asia Pacific Aircraft Engine Blade Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Market Analysis, Insights and Forecast - By Type
  • 8.1.1. Compressor Blades
  • 8.1.2. Turbine Blades
  • 8.1.3. Fan Blades
• 8.2. Market Analysis, Insights and Forecast - By Material
  • 8.2.1. Titanium Alloys
  • 8.2.2. Nickel-based Alloys
  • 8.2.3. Composite
• 8.3. Market Analysis, Insights and Forecast - By Application
  • 8.3.1. Commercial
  • 8.3.2. Military
• 8.4. Market Analysis, Insights and Forecast - By Country
  • 8.4.1. China
    • 8.4.1.1. Market Analysis, Insights and Forecast - By Type
      • 8.4.1.1.1. Compressor Blades
      • 8.4.1.1.2. Turbine Blades
      • 8.4.1.1.3. Fan Blades
  • 8.4.2. India
    • 8.4.2.1. Market Analysis, Insights and Forecast - By Type
      • 8.4.2.1.1. Compressor Blades
      • 8.4.2.1.2. Turbine Blades
      • 8.4.2.1.3. Fan Blades
  • 8.4.3. Japan
    • 8.4.3.1. Market Analysis, Insights and Forecast - By Type
      • 8.4.3.1.1. Compressor Blades
      • 8.4.3.1.2. Turbine Blades
      • 8.4.3.1.3. Fan Blades
  • 8.4.4. South Korea
    • 8.4.4.1. Market Analysis, Insights and Forecast - By Type
      • 8.4.4.1.1. Compressor Blades
      • 8.4.4.1.2. Turbine Blades
      • 8.4.4.1.3. Fan Blades
  • 8.4.5. Rest of Asia Pacific
    • 8.4.5.1. Market Analysis, Insights and Forecast - By Type
      • 8.4.5.1.1. Compressor Blades
      • 8.4.5.1.2. Turbine Blades
      • 8.4.5.1.3. Fan Blades

9. Rest of the World Aircraft Engine Blade Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Market Analysis, Insights and Forecast - By Type
  • 9.1.1. Compressor Blades
  • 9.1.2. Turbine Blades
  • 9.1.3. Fan Blades
• 9.2. Market Analysis, Insights and Forecast - By Material
  • 9.2.1. Titanium Alloys
  • 9.2.2. Nickel-based Alloys
  • 9.2.3. Composite
• 9.3. Market Analysis, Insights and Forecast - By Application
  • 9.3.1. Commercial
  • 9.3.2. Military
• 9.4. Market Analysis, Insights and Forecast - By Country
  • 9.4.1. Latin America
    • 9.4.1.1. Market Analysis, Insights and Forecast - By Type
      • 9.4.1.1.1. Compressor Blades
      • 9.4.1.1.2. Turbine Blades
      • 9.4.1.1.3. Fan Blades
  • 9.4.2. Middle East & Africa
    • 9.4.2.1. Market Analysis, Insights and Forecast - By Type
      • 9.4.2.1.1. Compressor Blades
      • 9.4.2.1.2. Turbine Blades
      • 9.4.2.1.3. Fan Blades

10. Competitive Analysis

• 10.1. Global Market Rank Analysis (2024)
• 10.2. Competitive Dashboard

11. Company Profiles

• 11.1. General Electric Company (U.S.)
  • 11.1.1. Overview
  • 11.1.2. Products & services
  • 11.1.3. SWOT Analysis
  • 11.1.4. Recent Developments
  • 11.1.5. Strategies
  • 11.1.6. Financials (Based on Availability)
• 11.2. CFM International (U.S.)
  • 11.2.1. Overview
  • 11.2.2. Products & services
  • 11.2.3. SWOT Analysis
  • 11.2.4. Recent Developments
  • 11.2.5. Strategies
  • 11.2.6. Financials (Based on Availability)
• 11.3. Safran SA (France)
  • 11.3.1. Overview
  • 11.3.2. Products & services
  • 11.3.3. SWOT Analysis
  • 11.3.4. Recent Developments
  • 11.3.5. Strategies
  • 11.3.6. Financials (Based on Availability)
• 11.4. Raytheon Technologies Corporation (U.S.)
  • 11.4.1. Overview
  • 11.4.2. Products & services
  • 11.4.3. SWOT Analysis
  • 11.4.4. Recent Developments
  • 11.4.5. Strategies
  • 11.4.6. Financials (Based on Availability)
• 11.5. Albany International Corp. (U.S.)
  • 11.5.1. Overview
  • 11.5.2. Products & services
  • 11.5.3. SWOT Analysis
  • 11.5.4. Recent Developments
  • 11.5.5. Strategies
  • 11.5.6. Financials (Based on Availability)
• 11.6. Alcoa Corporation (U.S.)
  • 11.6.1. Overview
  • 11.6.2. Products & services
  • 11.6.3. SWOT Analysis
  • 11.6.4. Recent Developments
  • 11.6.5. Strategies
  • 11.6.6. Financials (Based on Availability)
• 11.7. Rolls-Royce Holdings plc (UK)
  • 11.7.1. Overview
  • 11.7.2. Products & services
  • 11.7.3. SWOT Analysis
  • 11.7.4. Recent Developments
  • 11.7.5. Strategies
  • 11.7.6. Financials (Based on Availability)
• 11.8. GKN Aerospace (UK)
  • 11.8.1. Overview
  • 11.8.2. Products & services
  • 11.8.3. SWOT Analysis
  • 11.8.4. Recent Developments
  • 11.8.5. Strategies
  • 11.8.6. Financials (Based on Availability)
• 11.9. MTU Aero Engines AG (Germany)
  • 11.9.1. Overview
  • 11.9.2. Products & services
  • 11.9.3. SWOT Analysis
  • 11.9.4. Recent Developments
  • 11.9.5. Strategies
  • 11.9.6. Financials (Based on Availability)
• 11.10. IHI AEROSPACE Co., Ltd. (Japan)
  • 11.10.1. Overview
  • 11.10.2. Products & services
  • 11.10.3. SWOT Analysis
  • 11.10.4. Recent Developments
  • 11.10.5. Strategies
  • 11.10.6. Financials (Based on Availability)