Aeroengine Accessory Drive Train Market by Type (Gearbox Systems, Drive Shaft Systems, Couplings, Bearings), by Component Type (Mechanical Components, Electrical Components, Hydraulic Components), by Application (Engine Accessory Systems, Power Generation Systems, Aircraft Engine Systems), by End-Use Industry (Aerospace, Commercial Aviation, Military Aviation, Aircraft Manufacturers); Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Aeroengine Accessory Drive Train Market was valued at USD 4.0 billion in 2023 and will surpass USD 6.5 billion by 2030; growing at a CAGR of 7.0% during 2024 - 2030.

The aeroengine accessory drive train market plays a critical role in ensuring the efficient performance of modern aircraft. These drive systems are integral in the transfer of mechanical power from the aircraft engine to various accessories such as generators, pumps, and compressors. With advancements in aerospace technologies, the demand for reliable and high-performance accessory drive systems is growing rapidly. The market benefits from increased air travel, continuous innovation in aircraft engine designs, and the rising focus on fuel efficiency and operational reliability. As a result, the aeroengine accessory drive train market is poised for significant growth, driven by new engine technologies and the expansion of commercial and military aviation sectors.

In the following sections, we explore the various segments of this market, highlighting the largest and fastest growing subsegments within each category.

Gearbox Systems Segment is Largest Owing to Integral Role in Power Transmission

The gearbox systems segment is the largest in the aeroengine accessory drive train market, primarily due to their essential function in transmitting power from the engine to various accessories. Gearboxes are vital for converting high-speed rotational energy from the engine into usable power for components like generators, air conditioning systems, and hydraulic pumps. The durability, reliability, and efficiency of gearbox systems are crucial for aircraft operation, and they are used in both commercial and military aircraft.

As new generations of aircraft engines are developed, the demand for advanced gearbox systems continues to rise. Innovations in materials and designs have allowed gearboxes to become lighter and more efficient, contributing to overall fuel efficiency and reducing the maintenance costs of engines. This continued focus on improving engine performance and optimizing accessory systems ensures the gearbox systems segment remains the largest in the market.

Electrical Components Segment is Fastest Growing Owing to Advancements in Power Generation

The electrical components segment is the fastest growing in the aeroengine accessory drive train market, driven by the increasing demand for more sophisticated and energy-efficient systems. Electrical components are integral in the power generation systems of modern aeroengines, converting mechanical energy into electrical power for aircraft accessories. As the aviation industry moves towards more electric and hybrid-electric aircraft, the need for advanced electrical systems in aeroengine accessories is expanding.

The development of electric systems for various aircraft functions, such as electric starters, pumps, and actuators, is gaining momentum. With a growing emphasis on reducing fuel consumption and greenhouse gas emissions, electrical components in aeroengine systems are becoming more prevalent, making this segment the fastest growing. The shift towards electrically-driven components, combined with ongoing innovation in the field of electrification, is set to further accelerate the growth of this subsegment.

Engine Accessory Systems Application is Largest Owing to Increased Demand for Aircraft Performance

The engine accessory systems application is the largest segment in the aeroengine accessory drive train market due to its critical role in ensuring the performance and efficiency of aircraft engines. Engine accessory systems are designed to power essential components such as oil pumps, hydraulic systems, and electrical generators. These systems are key to maintaining the proper functioning of an aircraft’s engine, making them indispensable for both commercial and military aircraft.

With the rising global demand for air travel and the need for high-performing aircraft engines, the demand for engine accessory systems continues to grow. As newer and more efficient engines are developed, accessory systems are being optimized to provide better fuel efficiency, reliability, and overall performance. This makes the engine accessory systems application the largest in the market.

Aerospace End-Use Industry is Largest Owing to High Demand for Aircraft Maintenance and Upgrades

The aerospace end-use industry is the largest segment in the aeroengine accessory drive train market, driven by the continuous advancements in aircraft technologies and the need for engine upgrades and maintenance. The aerospace industry encompasses both commercial and military aviation, where there is a constant demand for efficient and durable accessory drive systems. Aerospace companies are focusing on enhancing engine performance and reliability, which further drives the demand for advanced drive train components.

The increasing number of aircraft in operation worldwide, combined with the growing demand for fuel-efficient and environmentally friendly aircraft, supports the dominance of the aerospace industry in the market. This trend is expected to continue, as global air traffic is forecast to grow, leading to a continued need for high-quality and innovative accessory drive systems across the aerospace sector.

North America Region is Largest Owing to Strong Aerospace Industry Presence

North America is the largest region in the aeroengine accessory drive train market, largely due to the region’s established aerospace sector and the presence of major aircraft manufacturers such as Boeing, Lockheed Martin, and General Electric. The U.S. has a significant share of both commercial and military aircraft production, and as a result, it is a leading consumer of aeroengine accessory systems. Additionally, the region’s strong focus on military defense spending and advancements in aviation technologies further boosts demand for high-performance engine components.

The ongoing demand for both military and commercial aircraft in North America, coupled with strong investments in the development of more efficient engine technologies, ensures that the region remains the largest market. North America’s technological expertise and leadership in aerospace engineering further contribute to its position as the dominant player in the global aeroengine accessory drive train market.

Competitive Landscape and Leading Companies

The aeroengine accessory drive train market is highly competitive, with several key players leading the way in innovation and supply of advanced engine components. Leading companies include Rolls-Royce, General Electric, Safran S.A., Honeywell International, and Collins Aerospace. These companies are at the forefront of developing cutting-edge technologies to improve the performance, efficiency, and reliability of aeroengine accessory systems.

The competitive landscape is characterized by significant research and development investments, as companies strive to develop lighter, more durable, and energy-efficient systems. Additionally, strategic partnerships, mergers, and acquisitions are common as firms look to expand their product portfolios and increase their market reach. As technological advancements continue to shape the aerospace industry, the key players in the aeroengine accessory drive train market will need to focus on innovation, operational efficiency, and customer relationships to maintain their competitive edge.

Recent Developments:

• General Electric Company recently announced the launch of a new lightweight accessory gearbox system designed to improve fuel efficiency and reduce emissions in commercial jet engines.
• Rolls-Royce Holdings secured a multi-million-dollar contract for the supply of advanced aeroengine accessory drive systems to a new generation of military aircraft.
• Safran S.A. unveiled a cutting-edge drive shaft system that enhances power transmission in their next-gen aeroengine designs, contributing to more sustainable aviation.
• Pratt & Whitney launched a new accessory gearbox for its next series of turbofan engines, aimed at boosting the efficiency and reliability of aircraft power systems.
• Honeywell International Inc. announced the successful test of a next-generation accessory drive system for turbine engines that offers improved performance while reducing maintenance costs.

List of Leading Companies:

• Aerojet Rocketdyne
• BendixKing (Honeywell)
• Boeing Company
• Curtiss-Wright Corporation
• General Electric Company (GE Aviation)
• GKN Aerospace
• Honeywell International Inc.
• IHI Corporation
• Liebherr Group
• MTU Aero Engines AG
• Pratt & Whitney (Raytheon Technologies)
• Rolls-Royce Holdings plc
• Safran S.A.
• Turkish Aerospace Industries
• UTC Aerospace Systems

Report Scope: