404
+1-313-307-4176
Aircraft Gearbox Market Report | Covid-19 Impact Analysis
Aircraft Gearbox Market is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, and Helicopter), by Gearbox Type (Accessory Gearbox, Power Gearbox, Actuator Gearbox, Auxiliary Power Unit (APU) Gearbox, and Others), by Application Type (Engi...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The global aircraft gearbox market is likely to witness an impressive CAGR of 4.8% during the forecast period. Increasing commercial aircraft deliveries along with a growing demand for Pure-Power Geared Turbofan (GTF) engines, rising aircraft fleet size, advancements in the gearbox technology, and introduction of lightweight gearboxes are some of the factors proliferating the growth of the aircraft gearbox market.
Wish to Get a Free Sample? Click Here
Based on the aircraft type, the market is segmented as commercial aircraft (narrow-body aircraft, wide-body aircraft, very large body aircraft), regional aircraft, general aviation, military aircraft, and Helicopter. Commercial aircraft is likely to remain the growth engines of the aircraft gearbox market over the next five years, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, upcoming variants of existing programs, and rising commercial aircraft fleet size.
Based on the gearbox type, the market is segmented as accessory gearbox, power gearbox, actuator gearbox, auxiliary power unit (APU) gearbox, and others. The accessory gearbox segment is expected to witness the highest growth during the forecast period, propelled by the advancements in the technology and increasing commercial aircraft deliveries.
Based on the application type, the market is segmented as engine (turbofan, turboshaft, turboprop, turbojet, and piston engine), and airframe. The engine segment is estimated to register higher growth during the forecast period as gearboxes are an integral part of an aircraft engine and deliver the necessary thrust required during takeoff and landing. Among engine segments, turbofan is likely to remain the largest as well as the fastest-growing segment over the next five years, driven by a higher dominance in commercial and regional aircraft.
In terms of regions, North America is expected to lead the aircraft gearbox market in the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, engine manufacturers, gearbox suppliers, distributors, and component suppliers. The USA will continue to propel the demand for aircraft gearboxes in the region over the next five years. Boeing, Bombardier, Lockheed Martin, and Gulfstream are the major aircraft makers, generating a high demand for gearboxes for their aircraft assembled in the region. The opening of assembly plants of the A320 aircraft program by Airbus in the USA further assures a healthy demand for aircraft gearboxes in the region.
Asia-Pacific is likely to witness the highest growth over the next five years, primarily propelled by China, Japan, and Singapore. China and Japan are likely to remain the major markets in the region, whereas India is going to be the fastest-growing market over the same period. Boeing anticipated in its commercial aerospace outlook 2019-2038 that approximately 17,390 commercial and regional aircraft are going to be delivered in the Asia-Pacific region in the next twenty years. It is a good opportunity for the local players to invest in the aerospace industry in order to reap the long-term profitable benefits.
Some of the major players in aircraft gearbox market are AB SKF, BMT Aerospace, GE AVIO S.r.l. (Avio Aero), Kawasaki Heavy Industries Ltd., Northstar Aerospace, Inc., Safran Transmission Systems, The Liebherr Group, The Timken Company, and United Technologies Corporation. The development of advanced gearboxes and the formation of long-term contracts are some of the major strategies adopted by key players in order to gain a competitive edge over others.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
|
Research Scope |
|
|
Trend & Forecast Period |
2014-2025 |
|
Size in 2025 |
US$ 2789.7 million |
|
Forecast |
4.8% CAGR during 2020-2025 |
|
Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
|
Countries/Subregions Covered |
The USA, Canada, Mexico, Germany, France, the UK, Poland, China, Japan, Singapore, Latin America, the Middle East and other |
|
Figures & Tables |
>150 |
|
Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
Aircraft Gearbox Market Size, Share & Forecast by Application Type:
Aircraft Gearbox Market Size, Share & Forecast by Gearbox Type:
Aircraft Gearbox Market Size, Share & Forecast by End-User Type:
Aircraft Gearbox Market Size, Share & Forecast by Aircraft Type:
Aircraft Gearbox Market Size, Share & Forecast by Region:
This report, from Stratview Research, studies the aircraft gearbox market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
Aircraft Gearbox defines a component that is responsible for the transmission system and that aids in manipulating rotational speed. Also, aircraft have a gearbox for the special function of getting a reduction in the output speed of the engine before the propeller is turned on. Aircraft Gearbox can be of different types based on the size of the aircraft. Also, the type of gearbox used also depends on the application of the gearbox.
Driven by a number of factors like increasing deliveries of commercial aircraft, the air cargo unit load device market is projected to reach an estimated value of US$ US$ 2789.7 million in 2025.
AB SKF, BMT Aerospace, GE AVIO S.r.l. (Avio Aero), Kawasaki Heavy Industries Ltd., Northstar Aerospace, Inc., Safran Transmission Systems, The Liebherr Group, The Timken Company, and United Technologies Corporation. are among the key players in the aircraft gearbox market.
Accessory gearbox segment is expected to remain dominant in the aircraft gearbox market during the forecast period of 2020-2025.
Why are We Class Apart?
No One Does Better in Aerospace Market Research Than Us
Largest Number of Premium Studies in Aerospace Industry
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
Clients Across Aerospace Value Chain
Track the Latest Trends in Aerospace Industry
Know High Growth Opportunities
WE ACCEPT
