Published On : 28 Sep 2018
Over the years, humans have evolved so did the mode of transport. From walking to using animals as a mode of transport, humans have mostly utilized every form of medium. Roadways, airways, and waterways. It has been noticed that mode of transport through airways always been risky, this has always been a concern for the airliners as well as the customers travelling in it. It is because of this reason, various techniques and features have been added in the aircraft industry. One of the crucial parts in commercial aircraft is the turbine blades and vanes. Blades and vanes are used for extracting energy from high temperature and high pressure gas which has been generated in the combustion chamber.
Availability of New Materials to Push the Market in Positive Direction
The materials required for manufacturing turbine blades and vanes, has to sustain high temperature, pressure, high tensile strength, and high resistance to corrosion. As of date, nickel-titanium-aluminum alloys are the best known material, but with extensive research and development, scientists are looking for new materials which have enhanced properties. This is likely to improve aero-engine technology and components.
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Due to the presence of numerous players, the market is likely to witness an intense competition. Most manufactures compete on the basis of component liability and quality, market shares, and cost. In order to survive and to spread their supply chain, the vendors need to provide high quality and cost effective commercial aircraft turbine blades and vanes to its users. This is anticipated to favor the growth of the market in years to come.
Manufacturers Focusing On Development of Energy Efficient Engines, Supports Growth of Market
The growth of the commercial aircraft turbine blades and vanes market is likely to be demand from the emerging aircraft markets. Factor such as strict regulations implemented by the government of various countries on the extreme noise as well as carbon dioxide pollution is anticipated to favor the growth of the market. High fuel prices due to ongoing political war among countries is also expected to push the market in a positive way. According to the International Air Transport Association (IATA), money spent on fuels accounted for 30% of the overall operating cost of airlines. These has compelled engine manufacturers to develop advanced technologies for enhancing efficiency.
High Cost of Materials and Complexities in Technical Problem to Deter Market Growth
However it has been noticed that the expensive material costs, accompanied with technical problems related with the fixture of turbine blades, and exorbitant cost of spare part are likely to deter the growth of the market. Nonetheless, the Asia Pacific region is likely to dominate the market owing to presence of huge aviation market base in the region. Extensive research and development in order to enhance the efficiency of aircraft engines is expected to favor the growth of the market. For instance, GE9X and CFM’s LEAP are the engines of new generation which are likely to be fuel-efficient engines and also helps the aircraft by reducing its weight. These engines are likely to improve the efficiency of overall aircraft. Innovations like these are likely to drive the market.
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