Aircraft Mechanical Power Transmission System Market Analysis | 2020-2025

Market Insights

The aircraft mechanical power transmission system market is forecasted to grow at an impressive CAGR during 2020-2025 to reach USD 2.2 billion in 2025.

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Market Dynamics

Introduction

The aerospace industry is one of the most critical end-user segments of the mechanical power transmission system. The general trend in the aerospace industry is to have more technologically capable and lightweight systems in order to improve the fuel efficiency of aircraft. The aircraft mechanical power transmission system is a mechanism that transmits the power developed by an engine to the accessories and equipment of the aircraft. This system contains Accessory Drive Train (ADT), which includes accessory gearbox, transfer gearbox, internal gearbox, radial & horizontal shaft, and others; and Power Gearbox, which includes main transmission gearbox and reduction gearbox.

Market Drivers

The mechanical power transmission system continues to advance at a rapid pace in the aerospace industry. The aircraft mechanical power transmission system market is majorly driven by factors such as:

• Increasing commercial aircraft deliveries along with the growing demand for Pure-Power Geared Turbofan (GTF) engines.
• Increasing aircraft fleet size.
• Technological advancements in the gearbox.
• The introduction of lightweight gearboxes.

In recent years, the market is witnessed a significant number of strategic alliances with an aim to reinforce its position in the aerospace industry. For instance, in 2017, United Technologies Corporation acquired Rockwell Collins to strengthen its position in the aerospace tier market. This acquisition also helped the company to become the leading provider of various systems, including mechanical power transmission systems. Similarly, in 2015, Safran Transmission Systems and Rolls-Royce formed a 50/50 joint venture named Aero Gearbox International to develop ADTs for all Rolls-Royce commercial engines.

The demand for gearboxes in the aerospace industry has been vigorous in the last decade owing to the excellent organic growth of both civil and military aviation coupled with ongoing advancements in technologies, necessitating the importance of equipment. The aerospace industry has been one of the biggest users of the mechanical power transmission system in which gearboxes play the biggest role.

Segment Analysis

By Aircraft Type

Based on the aircraft type, the market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopters. Commercial aircraft is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Strong order backlogs of the best-selling aircraft programs, such as B737 and A320 including their variants; upcoming aircraft programs, such as C919 and MC-21; and large aircraft fleet sizes are likely to create a healthy demand for the mechanical power transmission system in the commercial aircraft segment. The grounding of B737Max across the world may have some short-term impact on the demand for mechanical power transmission systems. The long-term outlook still seems impressive, with good growth opportunities across the world.

By Engine Type

Based on the engine type, the market is segmented into turbofan, turboshaft, turboprop, turbojet, and piston engine. Turbofan engines are expected to remain the dominant and the fastest-growing segment during the forecast period. Turbofan engines are majorly used in commercial aircraft, regional aircraft, and business jets. Increasing the production of commercial aircraft to meet the rising air passenger traffic across the globe is the major driving factor behind the dominance and high growth of turbofan engines.

Regional Insights

In terms of region, North America is projected to remain the largest market for aircraft mechanical power transmission systems during the forecast period. The USA is the growth engine of the region’s market and has one of the largest fleets of commercial and military aircraft in the world. Due to the presence of major companies, the region is the early go-getter in the industry concerning technology and material adoption. Currently, the increasing production rate of the next-generation aircraft (B787 and F35) with improved engine performance is paving the path for the mechanical power transmission system market in the region. The opening of assembly plants of the A320 and A220 aircraft programs by Airbus in the USA further assures a healthy growth of the market in the region.

Asia-Pacific is likely to witness the highest growth in the aircraft mechanical power transmission system market during the forecast, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, increasing defense budget of key economies, opening of assembly plants of Boeing and Airbus, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi Space Jet).

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Key Players

The supply chain of this market comprises of component suppliers, mechanical power transmission system suppliers, engine manufacturers, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies.

The key players in the aircraft mechanical power transmission system market are:

• AB SKF
• BMT Aerospace
• GE AVIO S.r.l. (Avio Aero)
• Kawasaki Heavy Industries Ltd.
• Northstar Aerospace, Inc.
• Safran SA (Safran Transmission Systems)
• The Liebherr Group
• The Timken Company
• Triumph Group, Inc.
• United Technologies Corporation.

The formation of long-term contracts, new product developments, and strategic alliances are the key strategies adopted by major players to gain a competitive edge in the market.

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects aircraft mechanical power transmission system 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 market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 1,000 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 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, provides a comprehensive analysis that reflects today’s aircraft mechanical power transmission system market realities as well as future possibilities for the forecast period of 2020 to 2025. After a continuous interest in our aeroengine accessory drive train (ADT) market and aircraft gearbox market reports from the industry stakeholders, we have tried to further accentuate our research scope to the aircraft mechanical power transmission system market in order to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. 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.

The aircraft mechanical power transmission system market is segmented into the following categories:

By Aircraft Type

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

By Engine Type

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

By Product Type

• Accessory Drive Train
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Product Type Analysis: Accessory Gear Box, Internal Gear Box, Transfer Gear Box, Radial & Horizontal Shaft, and Others
• Power Gearbox

By End-User Type

• OE 
• Aftermarket

By Region

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

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Report 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 to sales@stratviewresearch.com.