Global Market Insights adds global aeroengine accessory drive train market report which focuses on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
North America aeroengine accessory drive train market place will showcase a significant growth over the projected timeframe. Presence of multiple aircraft manufacturers offering a wide range of aircrafts with innovative light weight systems are further supporting the regional share till 2025. Moreover, replacements and refurbishments of ageing fleet will support in the industry expansion over the projected timeframe.
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Aeroengine Accessory Drive Train Market is set to grow exponentially in the coming years due to proliferating aircraft production along with integration of compact subsystems for increasing the overall aircraft efficiency. Technological advancements including lowering of system weight along with usage of advanced smart components including carbon composites are further escalating the industry share till 2025.
Based on engine, the segment is classified into turbojet, turbofan and turboprop engine. Turbofan engine is anticipated to account for a significant share in the aeroengine accessory drive train market place owing to increasing aircraft deliveries across the globe. For instance, in 2018, Pratt & Whitney received 2000 orders for turbofan engines raising the overall demand to around 10,000 units.
High performance transmission systems coupled with reduced size and weight of components are propelling the aeroengine accessory drive train market share over the projected timeframe. Growing emphasis on utilizing lightweight materials including composites for increasing overall flight efficiency is further escalating the market size. For instance, in 2017, Safran transmission systems launched a new transmission system accessory gearbox NG offering up to 20% weight reduction compared to the conventional systems.
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Asia Pacific is projected to hold a substantial share owing to increasing aircraft deliveries in countries including China, India and Japan. For instance, according to the CAPA, in 2017, Jet Airways announced the expansion of its aircraft fleet with an order of around 1,000 narrow body aircrafts, thereby contributing significantly towards the regional share till 2025.
Based on application, the aeroengine accessory drive train market place is classified into narrow body, wide body, regional aircrafts, military aircrafts, and general aviation. Wide body segment is projected to account for a considerable share owing to increasing deployment of mid-size wide body airplanes for long distance travel routes. In 2018, Boeing forecasts the requirement of more than 8,000 new wide body airplanes over the next 20 years, thereby bolstering the aeroengine accessory drive train market share over the coming years.
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Increasing focus of airliners for expanding their aircraft fleet owing to rising air passenger are providing a positive outlook for the aeroengine accessory drive train market expansion. Proliferating disposable income along with implications of globalization is prominently influencing the air travel over the study timeframe. According to the International Civil Aviation Organization (ICAO), around 4.3 billion passengers accounted for air travel in 2018, exhibiting an increase of more than 6% compared to 2017.
Major industry players include Safran Transmission Systems, Triumph Group Inc, Pratt & Whitney and Collins Aerospace. Deployment of innovative designs for accessory drive gearboxes providing optimized oil management, higher reliability and extended maintenance intervals are escalating the aeroengine accessory drive train market share over the forecast timeframe. Industry participants are continuously investing in R&D for improving their business share and expanding their production capabilities.
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