Sunday, September, 15, 2019 02:28:59

Aeroengine Accessory Drive Train Market Will Generate New Growth Opportunities in the next upcoming year

The qualitative research study introduced by Global Market Insights, Inc. on Aeroengine Accessory Drive Train Market Report provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the industry.

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.

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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.

Turboprop engines are anticipated to hold a prominent share in the aeroengine accessory drive train market place owing to proliferating regional air traffic across countries including India, China, and Japan. For instance, in 2017, European regional jet manufacturer ATR foresees a demand of around 3,000 turboprop aircrafts in next 20 years with Asia accounting for around 43% of the total requirement

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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.

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.

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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.

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.

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. For instance, in 2015, Rolls-Royce announced a strategic partnership with Safran for constructing a new manufacturing plant in Poland for producing aeroengine accessory drive trains for catering to a wide customer base.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.