Aircraft Mechanical Power Transmission System Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more.

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.

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, and the introduction of lightweight gearboxes.
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 system. 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. The aircraft mechanical power transmission system market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 2.2 billion in 2025.

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Aircraft Mechanical Power Transmission System Market Segment Insights:

By Aircraft Type:
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 size 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:
Turbofan engine is 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.

By 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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• 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

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