DUBLIN--(BUSINESS WIRE)--The "Aeroengine Accessory Drive Train (ADT) Market by Aircraft Type, by Component Type, by Engine Type, by Material Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global aeroengine ADT market is projected to grow at a healthy rate over the next five years to reach US$ 802.1 million in 2023.
Organic growth of 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 41,030 commercial aircraft worth US$ 6.1 trillion in the global marketplace during 2017-2036.
Asia-Pacific and North America would be the biggest demand generators with a combined share of 63.3% of the total commercial aircraft deliveries during 2017-2036. An expected healthy CAGR of 4.7% in air passenger traffic during 2017-2036 will chiefly drive the demand for commercial aircraft. This factor will create a sustainable demand for aeroengine ADTs globally in the foreseeable future.
In addition to that, Boeing and Airbus had a combined total order backlog of 13,129 commercial aircraft by the end of 2017. These huge pile of order backlogs of commercial aircraft will allow both the 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. the need for fuel-efficient aircraft.
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; 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.
Turbofan engine is likely to remain the most dominant segment of the global aeroengine ADT market over the next five years. The segment is also likely to grow at the highest rate during the same period. Turbofan engines are primarily used in commercial aircraft. All the major commercial aircraft programs, such as B737, A320, B787, and A350XWB, rely on turbofan engines.
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 as well. Whereas, magnesium, another considerable segment, is likely to grow highest in the market during the same period.
Key Topics Covered
1. Executive Summary
2. Aeroengine ADT Market - Overview and Market Forces
3. Aeroengine ADT Market Analysis - By Aircraft Type
4. Aeroengine ADT Market Analysis - By Component Type
5. Aeroengine ADT Market Analysis - By Engine Type
6. Aeroengine ADT Market Analysis - By Material Type
7. Aeroengine ADT Market Analysis - By Region
8. Competitive Analysis
9. Strategic Growth Opportunities
10. Company Profiles of Key Players
- Avio Aero
- BMT Aerospace International
- Liebherr Group
- Northstar Aerospace Inc.
- Safran Transmission Systems
- The Timken Company
- Triumph Group Inc.
- UTC Aerospace Systems
For more information about this report visit https://www.researchandmarkets.com/research/cfgl6m/aeroengine?w=4
