Dublin, December 02, 2021 (GLOBE NEWSWIRE) – The ‘Global Aircraft Gearbox Market By Application (Engine, Airframe), Type (Reduction, Attachment, Actuation, Tail Rotor, APU), End User (OEM, aftermarket), Platform (Civil, Military), Component (Gear, Housing, Bearing), Region – Forecast to 2026 “has been added to the report ResearchAndMarkets.com offer.
The aircraft transmission market is expected to grow from an estimated USD 2.6 billion in 2021 to USD 3.6 billion by 2026, at a CAGR of 6.9% in terms of value over the course of the forecast period. The main growth drivers for this market include increased demand for light aircraft components and demand for new aircraft.
The aircraft gearbox market includes major players such as Liebherr (Switzerland), Safran (France), Rexnord Aerospace (United States), Triumph Group (United States), The Timken Company (United States) and United Technologies Corporation (United States). These players have extended their activities to various countries, including North America, Europe, Asia-Pacific and the rest of the world.
On the basis of end user, OEM segment is expected to grow at the highest CAGR during the forecast period
The OEM segment is expected to dominate the aircraft gearbox market in North America during the forecast period, owing to the presence of major aircraft manufacturers such as Boeing. An increase in aircraft orders, along with deliveries and an increase in passenger traffic, are the growth factors of the OEM segment.
On the basis of components, the gears segment is expected to grow at the highest CAGR during the forecast period
The gear components segment is expected to experience the highest growth rate due to the increasing use of a variety of gears for different platforms such as commercial airplanes, helicopters, fighters and aircraft. military transport during the forecast period.
On the basis of applications, the engines segment is expected to grow at the highest CAGR during the forecast period.
On the basis of applications, the engines segment is expected to grow at the highest CAGR during the forecast period. The demand for high horsepower engines and its components is also driving the growth of the aircraft gearbox market.
North America Region Expected to Dominate the Aircraft Transmission Market in 2021
The North American region is estimated to dominate the aircraft transmission market during the forecast period. The growth of the North American aircraft transmission market is primarily due to the increased focus on increasing investment in aircraft transmission R&D by countries in this region. Additionally, factors such as growing demand for lightweight and fuel efficient piston and turboprop aircraft are expected to drive the demand for the aircraft gearbox market in the region.
Growing demand for new aircraft
Increased demand for light aircraft components
Growing demand for military helicopters
High cost associated with the introduction of new technological concepts
Chipping, icing and manufacturing defects
Trends / disruptions affecting the client’s business
Revenue change and new revenue pockets for aircraft gearbox manufacturers
Average selling price analysis
Aircraft Gearbox Market Ecosystem
Private and small businesses
Growing use of composites and metal alloys
Use of low corrosive materials and corrosion protection agents
Use case analysis
Use case: thermal performance analysis of accessory gearboxes for aero gas turbine engines
Use case: real-time data acquisition and control system
Aircraft Gearbox Market Value Chain Analysis
Porter’s Five Forces Analysis
For more information on this report, visit https://www.researchandmarkets.com/r/bqqz2r
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900