The "Aircraft Propeller System - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

The Global Aircraft Propeller System Market accounted for $212.36 million in 2017 and is expected to reach $421.36 million by 2026 growing at a CAGR of 7.8% during the forecast period.

Factors such as increasing demand for lightweight and fuel-efficient aircraft over the world, rising utilization of unmanned aerial vehicles within different military applications beyond the globe and growing amount of deliveries of particular light-sport aircraft (SLSA) across the globe are propelling the market growth.

However, lack of effectiveness of aircraft with turboprop engines at large altitudes, huge manufacturing cost and expanding standard aircraft propeller systems to guarantee safe flight operations are hampering the growth of the market.

Rising protection of solar-powered aircraft and technical advancements in passenger drones provides ample growth opportunities for the market.

By aircraft type, military aircraft is driven by the increasing demand for aircraft propeller systems in defense missions and rescue operations in direct to assure safety and security. The growing need of huge precision, wear-resistant and durable aircraft propeller system for rising military and defense operations is expected to further the growth of the military segment during the forecast period.

Companies Mentioned

• MT-Propeller Entwicklung GmbH
• McCauley Propeller Systems
• FP-propeller Srl
• Hartzell Propeller
• Sensenich Propeller
• Hercules Propellers Ltd
• Aerosila
• Dowty Rotol
• Airmaster Propellers
• Whirlwind Propellers
• Ratier Figeac
• Hlices E-Props
• UTC Aerospace Systems
• Culver Props Inc
• Electravia
• Curtiss-Wright Corporation
• Wartsila India Limited
• Ultra Electronics Holdings
• GE Aviation
• Canadian Propeller Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/lbxw2t/aircraft?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180622005582/en/