Aeroengine Accessory Drive Train Market size is projected to experience a healthy growth during 2023 to 2032, propelled by the growing interest of aircraft operators towards weight reduction and an increase in power transmission capacity.
The accessory drive train is aircraft engine equipment generally used in the transmission system. Although the product is not a part of the engine's core, it is used to drive essential accessories like the oil pump, hydraulic pump, and generator. The device performs two main functions, including transmitting torque from the starter to the engine core and transferring the engine turbine's mechanical energy to propel the aircraft's accessories.
Furthermore, a dramatic rise in demand for modern commercial aircrafts and transmission systems for robust performance would further drive the aeroengine accessory drive train market demand.
However, the availability of substitutes might challenge the overall business growth over the foreseeable future. Nevertheless, ongoing tech innovations in the space industry, including reducing device weight and gradually using advanced intelligent materials, would open lucrative growth opportunities for the aero engine accessory drive train industry players.
For instance, in January 2023, Leonardo and Safran Helicopter Engines announced collaboration to further enhance the capabilities and competitiveness of the next-generation AW09 single-engine helicopter. This production aircraft will feature the 1,000 shp (shaft horsepower) class of power Arriel 2K engine, the latest generation of the Arriel family.
Based on the component, the accessory gearbox segment is poised to grow considerably across the aeroengine accessory drive train market. An accessory gearbox is a component within airplane engines that drives accessories for operating the aircraft or engine on which it is placed. The device drive extracts power from a central shaft connecting the turbine and compressor stages of the airplane engine while offering shift power to airplane accessories.
Considering the aircraft, the military aircraft segment is slated to amass notable gains over 2032, owing to the ongoing military and defense activities worldwide. Moreover, increasing capital investments by various central governments to strengthen military and defense operations and resources would add to the expanding demand for aero-engine accessory drive trains.
The aeroengine accessory drive train market size from military and defense sector is expected to show considerable gains make driven by the growing use of turbojet engines. These jet engines produce thrust by ejecting a high-energy gas stream from the engine exhaust nozzle. Additionally , unlike a bypass or turbofan engine, 100% of the air entering the turbojet engine goes through the engine core. In addition, due to the prominent jet velocity that can be achieved, turbojets generate significant thrusts, driving aircraft to higher velocities.
According to the regional aspect, North America is set to stand tall as a growth hub across the overall aero-engine accessory drive industry in the ensuing years. The regional market growth can be attributed to the presence of large- and small-sized aircraft OEMs, ADT manufacturers, aero-engine producers, component manufacturers, and airline companies. The United States will depict considerable expansion in the aeroengine accessory drive train industry, fueled by the growing establishment of different aero-engine and aircraft manufacturing plants.
Some eminent players operating in the global aeroengine accessory drive train market are Collins Aerospace (Raytheon Technologies, United Technologies Corporation), Pratt & Whitney (Raytheon Technologies, United Technologies Corporation), Safran Transmission Systems SA, and Triumph Group Inc. These leaders are taking up essential marketing tactics to consolidate their position in the overall market.
To cite an instance, in February 2022, Pratt & Whitney Canada (P&WC), a business unit of Pratt & Whitney, announced the addition of a new lease-to-own option to its growing portfolio of Spare Engine Solutions. The portfolio also includes flexible options such as long-term leasing and on-wing leasing, complementing its existing short-term rentals offering to customers looking to focus on their spending, better plan their monthly expenses, reduce costs, and extend aircraft life.