Technavio Announces Top Five Vendors in the Global Commercial Aircraft Drive Shaft Market Until 2020
By Business Wire News
By Business Wire News
Technavio has announced the top five leading vendors for the global commercial aircraft drive shaft marketin their latest research report. This report also lists four other prominent vendors who are expected to contribute to this market’s growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. The report provides a comprehensive overview of the market along with market segmentation by aircraft type (narrow-body, wide-body, and regional jets), and growth prospects by region (the Americas, APAC, and EMEA).
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“Technological advancements have paved the way for significant developments in the field of aircraft drive shafts. For instance, General Dynamics has developed filament-wound shafts for both, aerospace and commercial applications. Filament winding involves production of high-quality tubes and hollow parts from fiber-reinforced plastics. The market has also witnessed the introduction of IFC composites and IFA technologies made from renewable raw materials called bioprop. This utilizes lesser amounts of raw materials, thereby making the final structure lighter in weight,” said Abhay Singh, one of Technavio’s lead analysts for aerospace components.
Top five leading vendors in the global commercial aircraft drive shaft market:
GKN Aerospace was founded in 1993 and is headquartered in Worcestershire, UK. It manufactures and supplies airframe and engine structures, associated components, and assemblies to aircraft and engine prime contractors and various other tier one suppliers globally. As of December 2014 they had 17,000 people in 36 locations across the globe. The company reported net revenue of USD 3.51 billion in FY2013 and USD 3.67 billion in FY2014.
GKN Aerospace offers a broad array of rotating aero-engine products consisting of the engine shaft, metallic fan and compressor blades, turbine blades, and blisks. They also provide its products to aero-engine OEMs as well as to non-OEM providers of fan blade repair services. They have also provided over 17,000 shafts that have been fitted in various commercial and military aircraft aero engines globally.
Kaman was incorporated in 1945 and is headquartered in Bloomfield, Connecticut, US. They manufacture and market aerospace and industrial components. As of December 2015, the company had 5,258 employees and reported a net revenue of USD 1.79 billion in FY2014 and USD 1.78 billion in FY2015.
The company provides flexible drive shafts under the brand names KAflex and Tufflex drive shafts for the global aerospace industry. These are primarily used in fixed-wing aircraft and rotorcraft. The company also provides direct aftermarket services to its customers across the globe.
Northstar Aerospace was incorporated in 1984 and is headquartered in Bedford Park, Illinois, US. It manufactures and markets components and assemblies for the global aerospace industry. The company has operating subsidiaries in the US and Canada.
Northstar Aerospace manufactures and markets rotorcraft drive systems, gears and transmissions, accessory gearbox assemblies, and many other fabricated parts for helicopters and fixed-wing aircraft across the globe. The company also provides MRO on the platforms mentioned above. The company offers its products to many major aerospace equipment manufacturing companies, including Boeing, Sikorsky, GE Aviation, and Rolls-Royce.
Pankl Racing Systems (Pankl)
Pankl was founded in 1985 and is headquartered in Kapfenberg, Austria. The company manufactures and markets engine and drivetrain components for the automotive and aerospace industries. As of December 2014, the company had 1,287 employees. The company reported a net revenue of USD 185.7 million in FY2013 and USD 219.3 million in FY2014.
Pankl engages in the manufacture and assembly of sophisticated drivetrain and other associated components for aircraft and engines. The company operates manufacturing facilities in Austria and the US. They market such products to different major jet engine and helicopters manufacturing companies across the globe.
UTC Aerospace Systems
UTC Aerospace Systems was founded in 2012 and is headquartered in Charlotte, North Carolina, US. The company manufactures and services systems and components for defense and aerospace customers across the globe. The company operates as a subsidiary of United Technologies. As of December 2014, the company had 42,000 employees and reported a net revenue of USD 14.2 billion in FY2014.
UTC Aerospace Systems provides drive systems, shafts, and flexible couplings products, which are designed to transfer power from the engine to gearboxes on both rotorcraft and fixed wing. It has supplied over 175,000 shafts and couplings to aircraft manufacturer across the globe.
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