Aeroengine Accessory Drive Train Market Report

Aeroengine Accessory Drive Train Market Report

Aeroengine Accessory Drive Train Market Report
Report code - SRAD159 Published On : Mar,2019 No. of Pages: 242
Aeroengine Accessory Drive Train Market Size, Share, Trend, Forecast, & Competitive An See more...

Market Insights

"The global aeroengine accessory drive train (ADT) market is projected to grow at a healthy rate over the next five years to reach US$ 890.2 million in 2024."

Aeroengine-Accessory-Drive-Train-(ADT)-Market-Forecast

Wish to get a free sample? Click here

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.

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.

Market Dynamics

Market Drivers

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.

Segments' Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Aircraft-Type Analysis

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.

Engine-Type Analysis

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.

Material-Type Analysis

Aluminum, Magnesium, and Steel

Aluminum is likely to remain the most dominant material in the market during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

North America is projected to remain the largest market during the forecast period.

By Aircraft Type

"The commercial aircraft segment accounted for the largest market share."

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.

Aeroengine-Accessory-Drive-Train-(ADT)-Market-Dominant-Segments

Get the full scope of the report. Register Here

By Engine Type

"The turbofan engine segment accounted for the largest market share."

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.

By Material Type

"The aluminum segment accounted for the largest market share."

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.

Regional Insights

"North America accounted for the largest market share."

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.

Key Players

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.
  • UTC Aerospace Systems.

The key aircraft OEMs are-

  • Boeing
  • Airbus
  • Bombardier
  • ATR
  • Embraer
  • COMAC
  • Irkut
  • Sukhoi
  • Cessna
  • Gulfstream.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aeroengine ADT  market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This strategic assessment report, from Stratview Research, estimates the global as well as regional aeroengine ADT market for the forecast period of 2019 to 2024 by studying current market trends, changing competitive dynamics, and future market possibilities. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Aeroengine Accessory Drive Train (ADT) Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

The Aeroengine Accessory Drive Train (ADT) Market is segmented in the following ways:            

By Aircraft Type:

  • Commercial Aircraft
  • Regional Aircraft
  • General Aviation
  • Military Aircraft
  • Helicopter

By Component Type:

  • Accessory Gearbox
  • Internal Gearbox
  • Transfer Gearbox
  • Radial & Horizontal Shaft

By Engine Type:

  • Turbofan Engine
  • Turboprop Engine
  • Turbojet Engine
  • Turboshaft Engine

By Material Type:

  • Aluminum
  • Magnesium
  • Steel

By Region:

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Latin America, the Middle East, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

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.

Driven by a number of factors like Organic growth of the aircraft industry, the aeroengine accessory drive train (ADT) market is projected to reach an estimated value of US$ 890.2 million in 2024.

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. are among the key players in the aeroengine accessory drive train (ADT) market.

North America is expected to remain the largest market during the forecast period of 2019-2024.

Asia-pacific is expected to witness highest growth in the market in the coming years.

Turbofan engine is expected to remain dominant engine type in the market during the next five years.

  •   

    Why are We Class Apart?

    No One Does Better in Aerospace Market Research Than Us

    Largest Number of Premium Studies in Aerospace Industry

    >60% of the First Buyers Come Back to Us

    >95% Client Satisfaction Ratio, the Industry's Highest

    Clients Across Aerospace Value Chain

    Track the Latest Trends in Aerospace Industry

    Know High Growth Opportunities