Global Aircraft Gearbox Market by Application, Gearbox Type, End-user, Aircraft Type, Component, and Region - Forecast to 2025 - ResearchAndMarkets.com

DUBLIN--()--The "Aircraft Gearbox Market by Application (Engine, Airframe), Gearbox Type (Reduction, Accessory, Actuation, Tail Rotor, APU), End User (OEM, Aftermarket), Aircraft Type (Civil, Military), Component (Gears, Housing, Bearing), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Aircraft Gearbox Market Size is expected to grow from USD 3.3 billion in 2019 to USD 4.3 billion by 2025, at a CAGR of 4.8%.

The aircraft gearbox market comprises major solution providers, such as Liebherr (Switzerland), Safran (France), United Technologies Corporation (US), SKF (Sweden), GE Aviation (US) and Triumph Group (US). The study includes an in-depth competitive analysis of these key players in the aircraft gearbox market, with their company profiles, recent developments, and key market strategies.

Increasing aircraft deliveries across the globe are expected to drive market growth

The major factors driving the aircraft gearbox market is the increasing demand for new aircraft and lightweight aircraft components.

The accessory gearbox segment is projected to lead the market during the forecast period

Based on gearbox type, the aircraft gearbox market has been segmented into the accessory gearbox, reduction gearbox, actuation gearbox, tail rotor gearbox, auxiliary power unit gearbox, and others. The demand for accessory gearboxes is expected to increase in the coming years, due to the growing demand for commercial and military aircraft to carry passengers and cargo or for tactical purposes

Civil aircraft is projected to lead the aircraft gearbox market during the forecast period

Based on aircraft type, the civil aircraft is expected to be the leading segment during the forecast period. The civil aircraft segment has witnessed significant growth in the past few years, due to the increasing air traffic and rise in the disposable income of the middle-class population across the globe. Increasing demand for new aircraft around the world is also fueling the growth of the civil aircraft segment in aircraft gearbox market.

The Asia Pacific aircraft gearbox market is projected to grow at the highest CAGR during the forecast period

The aircraft gearbox market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The military aviation industry in this region is focusing on the localization of aircraft manufacture and providing alternatives to existing aircraft models. Airlines are increasingly demanding lightweight and fuel-efficient engines to reduce aircraft weight and improve fuel efficiency. This has led to the development of fuel-efficient engines, where gearboxes play a significant role. The increasing deliveries and orders of new commercial aircraft in the region have been one of the key factors driving the aircraft gearbox market in the region.

Market Dynamics

Drivers

  • Increasing Demand for New Aircraft
  • Increase in Demand for Lightweight Aircraft Components

Restraints

  • Using Turboprop Engines at High Altitudes

Opportunities

  • Increased Investments in Geared Turbofan Engines
  • Increased R&D in Open-Rotor Engine Configuration

Challenges

  • High-Cost Associated With Introducing New Technological Concepts
  • Spalling, Frosting, and Manufacturing Defects

Company Profiles

  • Safran
  • Liebherr
  • United Technologies Corporation
  • Rexnord Aerospace
  • Triumph Group
  • PBS Velk Bte
  • CEF Industries
  • Aero Gear
  • ZF Luftfahrttechnik GmbH
  • Avion
  • Northstar Aerospace
  • Aerocontrolex
  • Aero Gearbox International
  • SKF
  • Avio Aero

For more information about this report visit https://www.researchandmarkets.com/r/wqxtfu

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900