Aeroengine Accessory Drive Train (ADT) Market estimated to reach US$ 890.2 million in the forecast period (2019-2024)

The report on the Aeroengine Accessory Drive Train (ADT) Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aeroengine Accessory Drive Train (ADT) Market is expected to reach US$ 890.2 million by the forecast period (2019 – 2024).

As per the report, the market is segmented by:
● by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others) – Commercial aircraft will remain the growth engine of the market.
● by Engine Type (Turbofan Engine, Turboprop Engine, and Others) – Turbofan engine will remain the most dominant segment of the market.
● by Material Type (Aluminum-based, Magnesium-based, and Others) – Aluminum will remain the most dominant material in the market.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Table Of Contents: https://www.stratviewresearch.com/toc/319/Aeroengine-Accessory-Drive-Train-Market.html

Highlights of the Report:
The global 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.

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Key Players of the 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.

Features of the Report
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.