Press release
Aircraft Gearbox Market Grow with a CAGR 2020-20230 Focuses On Top Companies Liebherr, Safran, Triumph Group, Northstar Aerospace, CEF Industries, LLC, AERO GEARBOX INTERNATIONAL, AERO GEAR
Aircraft Gearbox Market
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Aircraft gearbox is the component of transmission system of aircraft gearbox placed along with shafts for changing rotational speed. As per the data based on air traffic for last two decades, the air traffic has been increasing in the developing countries such as India, UAE, and China. The aviation sector is demanding high efficiency, lightweight aircraft fuel engines which deliver enhanced performance. Thus, development of aircraft engines with improved fuel efficiency and gearbox performance is expected to boost the growth of the global aircraft gearbox market.
Rise in demand for aircraft gearbox from the aviation sector and surge in use of aircraft gearbox in the defense sector of developing nations are expected to drive the growth of the global aircraft gearbox market. However, engine limitations at high altitudes and requirement of high initial investment are expected to hamper the growth of the market globally. On the contrary, investment in R&D of aircraft technologies and rise in demand for lightweight engines are expected to offer remunerative opportunities for the growth of the market.
The key players operating in the global aircraft gearbox market are Liebherr, Safran, Triumph Group, Northstar Aerospace, CEF Industries, LLC, AERO GEARBOX INTERNATIONAL, AERO GEAR, PBS Group, A.S., United Technologies, and Avion Corporation. These players are adopting a number of strategies such as product launch, R&D, and acquisition to maintain their foothold in the market. In June 2019, United Technologies Corp. and Raytheon Company entered into an agreement to create advanced technologies for the aerospace & defense sector.
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KEY MARKET SEGMENTS
By Gearbox Type
Actuation
Accessory
Reduction
Auxiliary Power Unit
Tail Rotor
Others
By Fit Analysis
Retrofit
Linefit
By Aircraft Type
General Aviation
Civil
Military
By Application
Airframe
Engine
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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