Global Aircraft Gearbox Market Overview:
According to MarkNtel Advisors study the Global Aircraft Gearbox Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the rapidly growing demand for aircraft to meet the burgeoning air traveling services worldwide and the growing need for lightweight components to reduce the overall aircraft weight & bring greater fuel efficiency & cost-effectiveness. It, in turn, is resulting in massive investments by governments of different countries around the world & leading players in several research & development initiatives to bring technologically advanced & lightweight components like gearboxes for aircraft.
Key Findings of the Study: Aircraft Gearbox market
Key Driver: Increasing Investments in Developing Lightweight Aircraft Components
Substantial investments by OEMs in the research & development of lightweight gearboxes are being witnessed extensively across the prominent geographies of the Global Aircraft Gearbox Market to reduce the overall weight of the aircraft & make it more fuel-efficient. This fact is projected to generate lucrative growth opportunities for the leading players in the industry and, in turn, drive the market in the years to come.
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Scope of the Aircraft Gearbox Market Report Segmentation
-By Gearbox Type
- Accessory Gearbox
- Reduction Gearbox
- Actuation Gearbox
- Tail Rotor Gearbox
- Auxiliary Power Unit Gearbox
- Others
-By Aircraft Type
- Civil
- Military
-By End-User
- Aftermarket
- OEM
-By Application
- Turbofan
-By Component
- Gear
- Housing
- Bearings
- Others
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Geographical analysis:
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Amongst all regions globally, North America is anticipated to dominate the Aircraft Gearbox Market with the largest share during the forecast period, principally due to the region being a prominent producer of aircraft and playing a crucial role in augmenting the demand for components like gearboxes. In addition, the extensive presence & active participation of prominent gearbox suppliers, aircraft manufacturers, & OEMs are making North America a massive market for aircraft gearboxes and, in turn, displaying the growing establishment of several OEMs (Original Equipment Manufacturers) & Aftermarkets.
Across the region, the US is likely to remain the largest consumer of aircraft gearboxes during the forecast period, owing to the increasing government focus on strengthening its aviation industry & air force by procuring technologically advanced aircraft gearboxes.
Current Landscape of Aircraft Gearbox Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Aircraft Gearbox market. The research report profiles major players, including
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- Safran
- Liebherr
- United Technologies Corporation
- Rexnord Aerospace
- Triumph Group
- PBS Velka Bites
- CEF Industries
- Aero Gear
- Avion
- Northstar Aerospace
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