Allied Market Research projects that the next decade will see growth of nearly double its current numbers in the global aircraft propeller system market. The company’s research indicates potential for the market to grow from $397 million in 2024 to $781.3 million by 2034.

The firm said rising air travel demand, advances in electric and hybrid aircraft technology, and a surge in new aircraft orders from developing countries will fuel the market growth. Allied’s report forecasts a 7.1% compound annual growth rate (CAGR) through 2034 as manufacturers and operators pursue improved fuel efficiency and sustainability.

Fixed pitch propellers are expected to continue enjoying the largest share of the market, given their overall simplicity, affordability, and wide use in light aircraft, unmanned

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