Stratview Research announces the launch of a new market research report on Aircraft Gearbox Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, and Helicopter), by Gearbox Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox, and Others), by Application Type (Engine and Airframe), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025.
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.
Aircraft Gearbox Market: Highlights
As per Stratview Research, 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 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.
The research’s findings suggest that commercial aircraft is likely to remain the growth engines of the 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.
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Based on the gearbox type, the market is segmented as accessory gearbox, reduction gearbox, actuation gearbox, tail rotor gearbox, auxiliary power unit 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.
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In terms of region, 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. However, Asia-Pacific is likely to witness the highest growth over the next five years, primarily propelled by China, Japan, and Singapore.
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. Development of advanced gearboxes and formation of long-term contracts are some of the major strategies adopted by key players in order to gain a competitive edge over others.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global aircraft gearbox market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
Aircraft Gearbox Market by Application Type:
Aircraft Gearbox Market by Gearbox Type:
Aircraft Gearbox Market by End-User Type:
Aircraft Gearbox Market by Aircraft Type:
Aircraft Gearbox Market by Region:
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
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