Aircraft Gearbox Market Is Registering a Healthy 4.2% CAGR Between 2019 And 2024

The global Aircraft Gearbox market is estimated to reach USD 4.9 Billion in 2024 at a CAGR of 4.2%. Increase demand of new aircrafts and increase in demand for lightweight aircraft Components is expected to drive the aircraft gearbox market during the forecast period. However, Engine limitations at high altitudes is expected to restrain the market during the forecast period. Increased investments in research and development of open rotor engine configuration, investments in the area of geared turbofan engine is growing and demand in fuel efficient and more environmentally friendly vehicles is expected to become an opportunity for aircraft gearbox market.

Gearbox is a part of transmission system placed along with shafts for changing rotational speed. In aircraft transmissions, gearbox is use for reducing or increasing the speed from one point to another. Gearbox is frequently used for military aircrafts, commercial aircrafts, helicopters, and business & general aviation among others. Some key players in aircraft gearbox are Safran, Liebherr Group, United Technologies, Rexnord Corporation, and Triumph Group among others.

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Aircraft Gearbox Market: Trends, Segmentation & Drivers

This market research report offers a comprehensive analysis of key market trends in the global aircraft gearbox market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. Based on type, the aircraft gearbox market can be segmented into accessory gearbox, reduction gearbox, actuation gearbox, tail motor gearbox, auxiliary power unit (APU) gearbox and others. The segmentation by Application includes engine and airframe. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, and the Middle East & Africa, with individual country-level analysis.

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Aircraft Gearbox Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Aircraft Gearbox Market by Type

·         Accessory Gearbox

·         Reduction Gearbox

·         Actuation Gearbox

·         Tail Motor Gearbox

·         Auxiliary Power Unit (APU) Gearbox

·         Others

Aircraft Gearbox Market, by Application

·         Engine

·         Turboprop

·         Turboshaft

·         Turbofan

·         Turbojet

·         Ramjet

·         Airframe

Aircraft Gearbox Market by Region

·         Asia-Pacific

·         China

·         India

·         Japan

·         South Korea

·         Indonesia

·         Rest of Asia-Pacific

·         North America

·         US

·         Canada

·         Mexico

·         Europe

·         Germany

·         UK

·         France

·         Italy

·         Russia

·         Turkey

·         Rest of Europe

·         Middle East

·         Saudi Arabia

·         UAE

·         Rest of Middle East

·         South America

·         Brazil

·         Argentina

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