Aeroengine Accessory Drive Train Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Sweden, China, India, Japan, South Korea, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3094
Aeroengine Accessory Drive Train Market size is set to grow exponentially in the coming years due to proliferating aircraft production along with integration of compact subsystems for increasing the overall aircraft efficiency. Technological advancements including lowering of system weight along with usage of advanced smart components including carbon composites are further escalating the industry share till 2025.
Increasing focus of airliners for expanding their aircraft fleet owing to rising air passenger are providing a positive outlook for the aeroengine accessory drive train market expansion. Proliferating disposable income along with implications of globalization is prominently influencing the air travel over the study timeframe. According to the International Civil Aviation Organization (ICAO), around 4.3 billion passengers accounted for air travel in 2018, exhibiting an increase of more than 6% compared to 2017.
Manufacturers are focusing on increasing the aircraft production to meet previous order backlogs for meeting the growing demand and increasing their market share. For instance, CAPA Center for Aviation recorded more than 17,000 outstanding firm orders at the end of 2017, thereby representing a total order backlog of 9.8 years of aircraft production.
High performance transmission systems coupled with reduced size and weight of components are propelling the aeroengine accessory drive train market share over the projected timeframe. Growing emphasis on utilizing lightweight materials including composites for increasing overall flight efficiency is further escalating the market size. For instance, in 2017, Safran transmission systems launched a new transmission system accessory gearbox NG offering up to 20% weight reduction compared to the conventional systems.
Based on engine, the segment is classified into turbojet, turbofan and turboprop engine. Turbofan engine is anticipated to account for a significant share in the aeroengine accessory drive train market place owing to increasing aircraft deliveries across the globe. For instance, in 2018, Pratt & Whitney received 2000 orders for turbofan engines raising the overall demand to around 10,000 units.
Turboprop engines are anticipated to hold a prominent share in the aeroengine accessory drive train market place owing to proliferating regional air traffic across countries including India, China, and Japan. For instance, in 2017, European regional jet manufacturer ATR foresees a demand of around 3,000 turboprop aircrafts in next 20 years with Asia accounting for around 43% of the total requirement.
Based on application, the aeroengine accessory drive train market place is classified into narrow body, wide body, regional aircrafts, military aircrafts, and general aviation. Wide body segment is projected to account for a considerable share owing to increasing deployment of mid-size wide body airplanes for long distance travel routes. In 2018, Boeing forecasts the requirement of more than 8,000 new wide body airplanes over the next 20 years, thereby bolstering the aeroengine accessory drive train market share over the coming years.
Based on material utilized for manufacturing aeroengine accessory drive trains, the segment is classified into magnesium, aluminum, and steel. Excessive strain within the gearbox contributes towards the requirement for high strength materials. Usage of magnesium alloys for manufacturing gears is gaining prominence owing to its benefits including lower weight along with higher thermal conductivity. Carburizing Bearing and Gear Steel (CBS) 600 offers high strength, fracture toughness, and longer service life are positively influencing the segment growth till 2025. Chromium content present in the alloy controlling the grain structure and added wear resistance will further enhance the segment demand over the forecast timeframe.
North America aeroengine accessory drive train market place will showcase a significant growth over the projected timeframe. Presence of multiple aircraft manufacturers offering a wide range of aircrafts with innovative light weight systems are further supporting the regional share till 2025. Moreover, replacements and refurbishments of ageing fleet will support in the industry expansion over the projected timeframe.
Asia Pacific is projected to hold a substantial share owing to increasing aircraft deliveries in countries including China, India and Japan. For instance, according to the CAPA, in 2017, Jet Airways announced the expansion of its aircraft fleet with an order of around 1,000 narrow body aircrafts, thereby contributing significantly towards the regional share till 2025.
Major industry players include Safran Transmission Systems, Triumph Group Inc, Pratt & Whitney and Collins Aerospace. Deployment of innovative designs for accessory drive gearboxes providing optimized oil management, higher reliability and extended maintenance intervals are escalating the aeroengine accessory drive train market share over the forecast timeframe. Industry participants are continuously investing in R&D for improving their business share and expanding their production capabilities. For instance, in 2015, Rolls-Royce announced a strategic partnership with Safran for constructing a new manufacturing plant in Poland for producing aeroengine accessory drive trains for catering to a wide customer base.
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