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Aeroengine Accessory Drive Train Market Global outlook- Statistics, Analysis & Forecast To 2024 - Key Players include Triumph Group, Pratt & Whitney
Press release from: Global Market Insights,Inc.
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.
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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.
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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.
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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.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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