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Aircraft Gearbox Market to experience an impressive growth of 4.8% during 2020-2025

Aircraft Gearbox Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more.

The aircraft gearbox market is likely to witness an impressive CAGR of 4.8% during the forecast period. Increasing commercial aircraft deliveries along with a 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.

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Aircraft Gearbox Market Segment Insights:

By Aircraft Type:

Commercial aircraft is likely to remain the growth engines of the aircraft gearbox 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.

By Gearbox Type:

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.

By Application Type:

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.

By 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. The USA will continue to propel the demand for aircraft gearboxes in the region over the next five years. Boeing, Bombardier, Lockheed Martin, and Gulfstream are the major aircraft makers, generating a high demand for gearboxes for their aircraft assembled in the region. The opening of assembly plants of the A320 aircraft program by Airbus in the USA further assures a healthy demand for aircraft gearboxes in the region.

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Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

Based on the research, a proper report is crafted with the following key features:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

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Category: Aerospace | Views: 200 | Added by: Team | Tags: Aircraft Gearbox Market | Rating: 0.0/0
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