Aircraft Gearbox Market by Application (Engine, Airframe), Type (Reduction, Accessory, Actuation, Tail Rotor, APU), End User (OEM, Aftermarket), Platform (Civil, Military), Component (Gears, Housing, Bearing), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Aircraft Gearbox Market is projected to grow from an estimated USD 2.6 billion in 2021 to USD 3.6 billion by 2026, at a CAGR of 6.9% during the forecast period 2021-2028
A propeller speed reduction unit is a gearbox or a belt and pulley device used to reduce the output revolutions per minute (rpm) from the higher input rpm of the powerplant. In aircraft, transmission usually refers to the whole system, that transmits power between two points, say between the MGB and the tail rotor. Gearbox is usually a component of the transmission system (along with shafts, for example) which is used for changing rotational speed.
Increasing new technologies and demand of going aircrafts is the factor that has supported long-term expansion for Aircraft Gearbox Market.
The COVID-19 impact has been analysed for three scenarios: realistic, optimistic, and pessimistic. The realistic scenario has been considered for further calculations.
The North American region is estimated to lead the aircraft gearbox market in the forecast period. The growth of the North American aircraft gearbox market is primarily driven by increasing focus on increasing investments in R&D of aircraft gearbox by countries in this region.
Insights are provided for each region and major countries within the regions
Report Feature |
Descriptions |
---|---|
Market Revenue In 2021 |
USD 2.6billion |
Growth Rate |
CAGR of 6.9% during the forecasting period, 2021-2026 |
Historical Data |
2018-2019 |
Forecast Years |
2021-2026 |
Base Year |
2020 |
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2026 |
Report Segmentation |
end user, platform, type, application, component and region. |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
Liebherr, Safran, Rexnord Aerospace, Triumph Group, The Timken Company, and United Technologies Corporation. |
Available Customization |
In addition to the market data for Aircraft Gearbox Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Aircraft Gearbox Market is segmented into end user, platform, type, application, component and region.