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Aircraft Mechanical Power Transmission System Market Size to Reach $2.2 Billion in 2025, Says Stratview Research
The aerospace industry is one of the most critical end-user segments of the mechanical power transmission system. The general trend in the industry is to have more technologically capable and lightweight systems in order to improve the fuel efficiency of an 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.
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 gearbox, and introduction of lightweight gearboxes.
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. As per Stratview Research, the
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The research's findings suggest that . Strong order backlog 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 size are likely to create a healthy demand for the mechanical power transmission systems in the commercial aircraft segment. The grounding of B737Max across the world may have some short-term impact on the demand but the long-term outlook still seems optimistic with good growth opportunities across the world.
Based on the engine type, . Turbofan engines are majorly used in commercial aircraft, regional aircraft, and business jets. Increasing 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.
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In terms of regions, . Due to the presence of major companies, the region is the early go-getter in the industry concerning technology and material adoption. Currently, increasing production rate of the next-generation aircraft (B787 and F35) with improved engine performance is paving the path for the system's 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 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).
. 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.
In recent years, the market is witnessing 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 the Rolls-Royce commercial engines.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global aircraft mechanical power transmission system market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html
Some of our other related premium market reports are:
Aircraft Gearbox Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, and Helicopter), by Gearbox Type (Accessory Gearbox, Power Gearbox, Actuator Gearbox, Auxiliary Power Unit (APU) Gearbox, and Others), by Application Type (Engine and Airframe), by End-User Type (OE and Aftermarket), and by Region ( North America , Europe , Asia-Pacific , and Rest of the World): 2020-2025.
Aeroengine Accessory Drive Train (ADT) Market
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