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    Aircraft Gearbox Market Report

    Aircraft Gearbox Market Report
    Report code - SRAD193 Published On : Sep,2019 No. of Pages: 273
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    Aircraft Gearbox Market Size, Share, Trend, Forecast, & Competitive Analysis: 2020-202 See more...

    Impact of COVID-19 on Aircraft Gearbox Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Gearbox Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy 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.

    Market Insights

    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.

    Aircraft-Gearbox-Market-Forecast

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    Segments' Analysis

    Aircraft Gearbox Market Share by Aircraft Type

    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.

    Aircraft Gearbox Market Share by Gearbox Type

    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.

    Aircraft Gearbox Market Share by Application Type

    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.

    Regional Insights

    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.