Aircraft Gearbox Market Size & Insights

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. 

What are the Key DROs in the Aircraft Gearbox Market?

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.

What are the Key Segments in the Aircraft Gearbox Market?

The Aircraft Gearbox is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Gearbox Type

• Accessory Gearbox
• Reduction Gearbox
• Actuation Gearbox
• Tail Rotor Gearbox
• Auxiliary Power Unit Gearbox
• Others

By Aircraft Type

• Civil
  • Commercial
  • General Aviation
• Military
  • Fighter Jets
  • Military Helicopters
  • Transport Carriers

By End-User

• Aftermarket
• OEM

By Application

• Turbofan
  • Turboshaft
  • Turboprop
  • Piston Engine

Here, Turbofan is anticipated to become a prominent contributor to the Global Aircraft Gearbox Market growth and generate remunerative opportunities for the leading players during 2022-27.

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By Component

• Gear
• Housing
• Bearings
• Others

How does geographical analysis highlight in the Aircraft Gearbox market?

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.

Who are the Key Players in Aircraft Gearbox Market?

• Safran
• Liebherr
• United Technologies Corporation
• Rexnord Aerospace
• Triumph Group
• PBS Velka Bites
• CEF Industries
• Aero Gear
• Avion
• Northstar Aerospace and others.

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• Risk Identification: Pinpoint challenges to inform strategic planning.
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