ID: MRFR/A&D/8844-HCR | February 2021 | Region: Global | 168 pages
Global Aircraft Gearbox Market is projected to register a CAGR of 4.12% during the forecast period, 2020 to 2026. A gearbox is the component of a transmission system of aircraft gearbox placed along with shafts for changing rotational speed. In aircraft transmissions, a gearbox is used for reducing or increasing the speed at different points. Gearboxes have applications in military aircraft, commercial aircraft, helicopters, and business and general aviation.
Global Aircraft Gearbox Market is expected to register significant growth during the forecast period owing to factors such as the increasing number of aircraft deliveries and the growing demand for lightweight aircraft components. Furthermore, the growing investments in geared turbofan engines are also expected to drive the growth of the market. Additionally, the increasing contracts between companies such as SKF and the United Technologies Corporation are also expected to drive the growth of the market. For example, in March 2019, United Technologies Corporation and SKF signed a contract to deliver roller bearings, ball bearings, and main shaft bearings for United Technologies Corporation’s aerospace business.
However, issues related to spalling, frosting and manufacturing defects, and high cost of development might hamper the growth of the market.
The introduction of 3D printing for manufacturing aircraft parts helps reduce the cycle time of the manufacturing process. Additionally, complex aircraft parts such as gearboxes, fairings, doors, and others can be easily manufactured using 3D printing technology. This is expected to contribute to market growth during the forecast period.
By Aircraft Type
Other Prominent Players
|Market Size||2026: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||End User, Gearbox Type, Component, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Safran (France),Liebherr (Germany), Raytheon Technologies Corporation (US) Rexnord Corporation (US), Triumph Group (US), Rolls-Royce plc (UK),PBS Group, a. s. (Czech Republic), CEF Industries, LLC (US), AERO GEAR (US), ZF Luftfahrttechnik GmbH (Germany)|
|Key Market Opportunities||High cost of development|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global aircraft gearbox systems market is projected to register a moderate 4.12% CAGR in the forecast period.
The civil segment is expected to observe substantial demand over the review period.
The gears aircraft segment is expected to secure the highest CAGR.
The OEM segment is slated to expand as the fastest-growing segment.
A few emminent market players operating in the global aircraft gearbox systems market are Safran (France), Liebherr (Germany), Raytheon Technologies Corporation (US), Rexnord Corporation (US), and others.