Market Share of Aircraft Propeller Systems Industry
The aircraft propeller system market is consolidated and the major players in the aircraft propeller systems market include Hartzell Propeller Inc., General Electric Company, RTX Corporation, Textron Aviation Inc., and Airmaster Propellers, with each having access to the key geographical regions. For players to sustain themselves in the market studied, it is very critical to establish themselves with a client and cater to their custom requirements with superior quality, performance, and the lowest possible price.
The demand for aircraft propellers in the coming years is expected to be from Asia, Russia, and the Middle East. First, entry may be beneficial to any entrant in the market studied. For instance, in June 2021, Piedmont Propulsion Systems was awarded a contract by the Mexican airline Transportes Aeromar to support its fleet of ATR 42 and 72 aircraft. Piedmont Propulsion Systems conducted comprehensive propeller repair for the aircraft as part of the multi-year arrangement.
The market may also witness inorganic growth due to prominent players trying to retain market share. On this note, in July 2021, Hartzell Propeller acquired the assets of Tanis Aircraft Products, a Minnesota-based manufacturer of engine preheat systems for fixed and rotary-wing aircraft. The Tanis brand will now be a part of Hartzell Propeller's heated product line. It also includes systems for battery, avionics, cabin, and propeller de-icing, as well as systems for piston, turbine, and helicopter engines.
Aircraft Propeller System Market Leaders
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RTX Corporation
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General Electric Company
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Textron Aviation Inc.
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Airmaster Propellers
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Hartzell Propeller Inc.
*Disclaimer: Major Players sorted in no particular order
