Future of Global Aircraft Gearbox Market: Key Dynamics, Size & Share Analysis
The 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.
Understanding the Core Segments in the Global Aircraft Gearbox Market
By Gearbox Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox), 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), By Component (Gear, Housing, Bearings)
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Geographical Analysis of the Global Aircraft Gearbox Market
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Who Dominates the Autonomous Global Aircraft Gearbox Market Insights on Key Industry Players?
Companies are strengthening their presence in the Aircraft Gearbox market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Safran
- Liebherr
- United Technologies Corporation
- Rexnord Aerospace
- Triumph Group
- PBS Velka Bites
- CEF Industries
- Aero Gear
- Avion
- Northstar Aerospace
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