Global aircraft gearbox market size is projected to be valued $6.2 Billion by 2025; with a CAGR of 8.2% from 2017 to 2025. Aircraft gearbox is also called accessory gear box which uses a reduction gear to slow down the shaft speed between both sections of the engine.Gear box is more important than core engine itself as it produces electrical power and hydraulic power. This drives fuel pumps so that engine gets fuel from the gear box driven fuel pump.In many aircraft the gear box is driven by starter and the engine is started by the starter driven by gear box.
Existing supremacy of pure-power geared turbofan (GTF) engines and growing demand for new aircraft are the key driving factors for the growth of the global aircraft gearbox market. However, existing backlogs in aircraft deliveries might limit the growth of the aircraft gearbox market. Furthermore, growing demand for lightweight aircraft engines as well as high investments in the field of geared turbofan engines would provide new opportunities for the growth of this market.
Global aircraft gearbox market has been categorized on the basis of gearbox type, fit, aircraft type, application, and geography. Gearbox type includes accessory gearbox (AGB), reduction gearbox (RGB), APU-gearbox, actuation gearbox, tail rotor gearbox, and other gearbox types. By fit, market is categorized into line-fit and retrofit. Aircraft type includes civil aircraft (commercial passenger/cargo aircraft, general aviation aircraft, and civil helicopters) and military aircraft (transport carriers, fighter jets, and military helicopters). Application includes engine (turboshaft, turboprop, piston engine, and turbofan) and airframe.
Global aircraft gearbox market, on the basis of geography is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the global aircraft gearbox market are Aero Gear, Liebherr, Northstar Aerospace, PBS Velka Bites, Aero Gearbox International, SKF, Triumph Group, United Technologies, CEF Industries, LLC, and Safran, among others.
The key takeaways from the report
Scope of the Global Aircraft Gearbox Market
Gearbox Type Segments
Aircraft Type Segments