Press release
Aeroengine Accessory Drive Train Market is projected to grow at a healthy rate over the next five years
Launching announcement of a new research report on Aeroengine Accessory Drive Train Market which is projected to reach US$ 890.2 million in 2024- forecasted by Stratview Research. The study provides an in-depth analysis by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, and Helicopter), by Component Type (Accessory Gearbox, Internal Gearbox, Transfer Gearbox, Radial & Horizontal Shaft, and Others), by Engine Type (Turbofan Engine, Turboprop Engine, Turbojet Engine, and Turboshaft Engine), by Material Type (Aluminum, Magnesium, and Steel), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.Click here to read the detailed description and TOC: https://www.stratviewresearch.com/toc/319/Aeroengine-Accessory-Drive-Train-Market.html
The Aeroengine ADT Market: Highlights
The accessory drive train is an aircraft engine equipment used for the transmission system. The accessory drive train is not a part of the engine’s core yet it drives important accessories, such as fuel pump, hydraulic pump, oil pump, and generator, of an aircraft. ADT performs primarily two functions: first during startup, it transmits torque from starter to engine core for it to come in motion; and second to transfer mechanical energy of the engine turbine to drive the accessories of the aircraft. The ADT comprises of four main components accessory gearbox (AGB), internal gearbox (IGB), external gearbox (EGB) and radial shaft. The AGB acts as the heart of the ADT.
The aeroengine ADT has undergone a remarkable transition over a period of time, especially with regards to the weight reduction and an increase in power transmission capacity. For instance; Safran Transmission Systems developed an ADT for LEAP engines, certified for the A320neo, B737 Max, and C919 aircraft programs, which reduces the ADT’s weight by 20% and improves the power transmission capacity by 30% as compared to the ADT used on the CFM56 engine. It is expected that weight reduction and improvement in the power transmission capacity would remain the indispensable focus area of the market.
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All the major engine manufacturers are working closely with the tier players in order to develop efficient ADTs addressing their current as well as emergent requirements. Another remarkable transition is taking place with regard to a material shift, as the industry is chiefly moving towards magnesium with the purpose of making parts lighter yet offering higher specific strength and better heat tolerance.
ADT differs greatly from aircraft to aircraft based on the engine size, engine type, and the complexity of the aircraft in which they are installed. For instance; ADTs used for turbofan engines will be considerably different than those ADTs used for turbojet engines, turboshaft engines, and turboprop engines. Hence, the selection of ADT as per the engine type is of paramount importance for safe operations and increased efficiency of an aircraft.
The aeroengine ADT market is projected to grow at a healthy rate over the next five years to reach US$ 890.2 million in 2024. Organic growth of the aircraft industry is the primary driver of the sustainable demand for aeroengine ADT in an aircraft. Boeing anticipated that there would be total deliveries of 41,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2033 will chiefly drive the demand for commercial aircraft. This factor will create sustainable demand for aeroengine ADTs globally in the foreseeable future.
In addition to that, Boeing and Airbus had a combined total order backlog of 13,048 commercial aircraft by the end of 2017. These huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next nine years at current build rates. However, they have strategically been raising the production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients at a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, i.e. need for the fuel-efficient aircraft.
The aeroengine ADT market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, and Helicopter. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; the introduction of variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, and A330neo); an advancement in the ADT technology; and market entry of new aircraft (C919 and MC-21) are primarily driving the demand for ADTs in the commercial aircraft segment.
Based on the engine type, the aeroengine ADT market is segmented into Turbofan Engine, Turboprop Engine, Turbojet Engine, and Turboshaft Engine. The turbofan engine is likely to remain the most dominant segment of the global aeroengine ADT market during the next five years. The segment is also likely to grow highest during the same period. Turbofan engines are primarily used in the commercial aircraft. All the major commercial aircraft programs, such as B737, A320, B787, and A350XWB, rely on turbofan engines.
Based on the material type, aluminum is currently the most widely preferred material to make aeroengine ADT components and is likely to remain the most dominant material in the market during the forecast period. It is considered an ideal material for producing housings of ADTs. Whereas, magnesium material, another considerable segment, is likely to grow highest in the market during the same period, driven by its advantages over aluminum including good tensile strength, creep resistance at elevated temperature, and excellent vibration damping characteristics. This makes the material an ideal choice for both main and accessory gearbox casings. Steel is a major material used to produce gears for gearboxes. They also offer sizeable growth opportunities in the coming years.
Based on the regions, North America is projected to remain the largest market during the forecast period, driven by the presence of both large- to small-sized aircraft OEMs, aeroengine manufacturers, ADT manufacturers, component manufacturers, distributors, airline companies, and raw material manufacturers. The USA is likely to remain the growth engine of the region’s market during the forecast period, driven by all assembly plants of Boeing in the country as well as large commercial aircraft fleet. The region is also the largest regional aircraft and business jet market worldwide.
Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
The supply chain of this market comprises raw material suppliers, aeroengine ADT manufacturers, aircraft engine manufacturers, and aircraft OEMs. The key aeroengine ADT manufacturers are Avio Aero, BMT Aerospace, Liebherr Group, Northstar Aerospace, Safran Transmission Systems, The Timken Company, Triumph Group Inc. and UTC Aerospace Systems. The key aircraft OEMs are Boeing, Airbus, Bombardier, ATR, Embraer, COMAC, Irkut, Sukhoi, Cessna, and Gulfstream.
Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.
We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.
To browse through our range of reports in the Aerospace & Defence industry, refer to the following link:
https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
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