Aeroengine Accessory Drive Train Market size is estimated to grow at a significant rate during 2022 to 2028 propelled by the growing interest of aircraft operators towards weight reduction and increase in power transmission capacity. Besides, rising air traffic and business travel post ease of coronavirus lockdown reforms would bolster the market space over 2022 to 2028.
Accessory drive train is an aircraft engine equipment that is generally used in the transmission system. Although the product is not a part of engine’s core, it is used to drive the essential accessories like oil pump, hydraulic pump, and generator. The device performs two main functions including transmitting torque from starter to engine core and transferring the mechanical energy of the engine turbine to drive accessories of the aircraft.
Furthermore, a dramatic rise in demand for contemporary commercial aircraft and transmission systems for robust performance would further drive the aeroengine accessory drive train market demand in the coming years.
However, availability of substitutes might pose challenge to the overall business growth over the foreseeable time period. Nevertheless, ongoing technological developments in the space, including reduction of device weight and gradual use of advanced intelligent materials would open lucrative growth opportunities for aeroengine accessory drive train industry. For instance, in 2021, Aquarius Engines introduced a new hydrogen engine based on a similar technology as their original single-piston-linear engine but operates largely on hydrogen.
Based on the component type, accessory gearbox segment is projected to grow considerably across the overall market. Accessory gearbox is a component within airplane engines that drive accessories essential for the operation of the aircraft or engine on which it is placed. The device drive gets its power from a central shaft connecting the turbine and compressor stages of the airplane engine while offering shift power for airplane accessories.
Considering the aircraft type, aeroengine accessory drive train market would grow notably across the military aircraft segment, owing to the ongoing military and defense activities worldwide. Moreover, increasing capital investments by various central governments to strengthen the military and defense operations and resources would add to the expanding demand for aeroengine accessory drive trains. In 2020, the overall global military expenditure surged to $2 trillion.
The military and defense industries make use of turbojet engines. These are jet engines that produce all of the thrust by ejecting a high energy gas stream from the engine exhaust nozzle. However, unlike a bypass or turbofan engine, 100% of the air entering the turbojet engine goes through the engine core. In addition, due to the large jet velocity that can be achieved, turbojets are known to generate large thrusts, thereby being able to propel aircraft to higher velocities.
In term of the regional aspect, North America is set to account for significant growth across the overall aeroengine accessory drive industry in the ensuing years. This growth can be ascribed to the presence of both large- to small-sized aircraft OEMs, ADT manufacturers, aeroengine producers, component manufacturers, and airline companies. Across the regional market, the United States is likely to grow significantly over the foreseeable time frame fueled by the growing establishment of different aeroengine and aircraft manufacturing plants.
Some of the 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 significant marketing tactics to consolidate their position in the overall market.
The global outbreak of coronavirus has adversely shuttered diverse businesses and industries worldwide. The aviation and aerospace industries were amongst the worst hit sectors majorly due to the travel restrictions, social distancing norms, and lockdown norms practiced by different nations. This had a negative impact on the sales of aeroengine accessory drive train market. The declining market growth can also be ascribed to the disruption in supply chain and raw materials.
Market, by Application
Market, by Engine
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