“Aircraft Gearbox market to grow at a lucrative rate over the forecast period”, says Visiongain

24 October 2019
Aviation

Visiongain has launched a new Aerospace report Aircraft Gearbox Market Report 2019-2029 Forecasts by Application (Turbofan, Turboshaft,  Turboprop, Piston Engine, and Airframe), by Gearbox Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox), by Aircraft Type (General Aviation, Commercial Passenger, and Military Aircraft PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis. 

The global Aircraft Gearbox market is expected to grow at a lucrative rate during the forecast period. Aircraft gearbox is used to drive the electric generator, hydraulic pump and air-starter turbines. Companies are targeting to customized gearbox requirements from the end-users. Based on the type of the gearbox, accessory gearbox is primarily used in commercial and military aircraft to carry passengers and cargo units for tactical purposes. By aircraft type, the civil aircraft is expected to hold largest market share and is expected to remain dominant over the forecast period.

Major trend identified in the global aircraft gearbox market is demand for lightweight material to improve fuel efficiency. This has led to the development of fuel-efficient engines, where gearboxes play a significant role. The increasing deliveries and orders of new commercial aircraft in the region have been one of the key factors driving the aircraft gearbox market in the region. 

Some of the major players operating in the global aircraft electric Aircraft Gearbox market are Safran, Liebherr, United Technologies, Rexnord Aerospace, Triumph Group, PBS Velká  

CEF Industries, Aero Gear, ZF Luftfahrttechnik, Avion, Northstar Aerospace, Aerocontrolex  Aero Gearbox, SKF, and Avio Aero. These companies are increasingly focusing on research and development activities so as to gain competitive advantage. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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