The Market of Aeroengine Accessory Drive Train to grow beyond US$ 890.2 million by 2024

The new report of Stratview Research analyses the Aeroengine Accessory Drive Train market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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https://www.stratviewresearch.com/Request-Sample/319/Aeroengine-Accessory-Drive-Train-Market.html

An overview: The sustainable demand for
aeroengine ADT

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.

Commercial aircraft: The growth engine

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.

Dominance of: Turbofan Engine and Aluminum

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.

A highly/moderately/fragment consolidated Market

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.

Regional Hegemony of North America

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.

Comprehensive Market Coverage

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This release was published on openPR.