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Aircraft Gearbox - Global Market Trajectory & Analytics

  • ID: 4805160
  • Report
  • April 2021
  • Region: Global
  • 285 pages
  • Global Industry Analysts, Inc
Global Aircraft Gearbox Market to Reach $5.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Gearbox estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 4.9% over the period 2020-2027. Engine, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$3.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Airframe segment is readjusted to a revised 3.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $999.1 Million, While China is Forecast to Grow at 7.5% CAGR

The Aircraft Gearbox market in the U.S. is estimated at US$999.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

Select Competitors (Total 42 Featured):
  • Aero Gear, Inc.
  • Aero Gearbox International
  • Avion Technologies Inc.
  • CEF Industries LLC
  • Liebherr-International Deutschland GmbH
  • Northstar Aerospace
  • Pbs Velka Bites
  • Safran
  • SKF Group
  • Triumph Group
  • United Technologies Corporation (UTC)
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Aircraft Gearbox: A Prelude
  • An Important Component of Aircraft Gas Turbine Engine
  • Robust Growth Forecasts for Aircraft Gearbox Market
  • Prevailing Scenario in the World Aerospace Industry Widens Demand Prospects
  • Ongoing Expansion in Commercial Airline Fleet Size Points Towards Strong Demand
  • Growing Passenger & Cargo Traffic Instigates the Need for New Aircraft
  • Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
  • Progressive Momentum in Business Jet Segment Amplifies Opportunities
  • Impact of Covid-19 and a Looming Global Recession
  • Alloys Remain the Primary Structural Materials for Gearbox Systems: Brief Overview of Materials & Processes Utilized in Manufacture of Aircraft Engines and Engine Parts
  • Ongoing Regulatory Emphasis on Reducing CO2 Emissions Puts Focus on Ultra-Lightweight Engine Parts
  • An Overview of ICAO’s CORSIA Standard
  • 3D Printing Technology Seeks Role in Design & Production of Gearbox Systems
  • Technology Advancements Spur Progressive Growth
  • Pratt & Whitney’s PurePower Geared Turbofan: The Major Breakthrough in Aircraft Technology in More than Three Decades
  • Performance Issues Crop Up with Geared Turbofan
  • DGCA of India Decides to Issue Additional Safety Directive for Aircraft Fitted with Pratt & Whitney Engines
  • Rolls-Royce Develops World’s Most Powerful Turbofan Gearbox
  • Safran and GE Develop IGGB® Acknowledging the Shift towards Electric Aircraft
  • Healthy Trajectory in MRO Services Domain Boosts Market Prospects
  • Current MRO Market Trends Across Various Geographic Regions
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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