Global Commercial Aircraft Drive Shaft Market 2016-2020

Outlook of the global commercial aircraft drive shaft market

Technavio’s market research analyst predicts the global commercial aircraft drive shaft market to grow at a CAGR of approximately 4% until 2020. The recent rise in the demand for 3D printing is a significant factor that will augment the prospects for growth in this market. Innovations such as additive manufacturing (AM or 3D printing) have provided the technique to produce objects with complex geometries and lattices as it builds an object layer-by-layer. This not only gives lighter weight components and equivalent mechanical performance but also makes the utmost use of resources with minimum waste generation. This increase in the preference for 3D printing will indirectly bolster the growth potential of the commercial aircraft drive shaft market until 2020.

The global economic recovery and improved aviation policies have led to an increase in the frequency of air travel. In 2014, 21,600 aircraft were operational globally, and the number is expected to increase at a CAGR of 3.2% by 2034. Moreover, recent advances in technology have provided manufacturers the opportunity to develop new and sophisticated drive shafts for both aerospace and commercial applications. The production of high-quality tubes and hollow parts from fiber-reinforced plastics for the development of advanced drive shafts will also aid in the growth of this market over the next few years.

Segmentation by aircraft type and analysis of the commercial aircraft drive shaft market

• Narrow-body
• Wide-body
• Regional jets