Aeroengine Accessory Drive Train Market Report

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."

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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

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.

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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.

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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?

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.