The global aircraft gearbox market size reached USD 2.65 Billion in 2021 and is expected to register a revenue CAGR of 8.1% during the forecast period to the latest analysis by Emergen Research. Rising demand for lightweight aircraft components is a key factor driving revenue growth of the market. The diameter of the fan blades, the fewer parts, and the installation of a planetary gearbox are the main distinctions between a conventional and geared turbofan. This combination led to the creation of an engine with much lower noise, emissions, and fuel consumption. By reducing the fuel consumption of turbofans by 30% and hence lowering emissions into the atmosphere, geared turbofans reduce NOx emissions and micro-particulate pollution. Pratt PurePower has improved fuel efficiency by 16%, cut carbon emissions by 50%, and reduced noise by 75%.
The latest research report by Emergen Research, named ‘Global Aircraft Gearbox Market - Forecast to 2027’, entails a comprehensive review of the global Aircraft Gearbox market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
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The leading market contenders listed in the report are:
The Timken Company, Triumph Group, CEF Industries, United Technologies Corporation, Liebherr, Rexnord Aerospace, Northstar Aerospace, Safran, Avion, and Aero Gear
Key reasons to buy the Global Aircraft Gearbox Market report:
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
- The latest report comprehensively studies the global Aircraft Gearbox market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
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Market Segmentations of the Aircraft Gearbox Market
Type Outlook (Revenue, USD Billion; 2019–2030)
- Actuation
- Reduction
- Tail Rotor
- Accessory
- Auxiliary Power Unit
- Others
Platform Outlook (Revenue, USD Billion; 2019–2030)
- Civil
- Military
Application Outlook (Revenue, USD Billion; 2019–2030)
- Engine
- Airframe
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Regional Outlook of the Aircraft Gearbox Market
The global Aircraft Gearbox market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Aircraft Gearbox market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Aircraft Gearbox Market report:
- The latest report comprehensively studies the global Aircraft Gearbox market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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