"Exploring Key Trends in the Aircraft Gearbox Market: Embracing New Power Gearbox Innovations || Safran, Triumph Group, Liebherr "

As per The Business Research Company's Aircraft Gearbox Opportunities And Strategies Market Report 2023, the global aircraft gearbox market reached a value of nearly $3,009.0 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.3% since 2017. The market is expected to grow from $3,009.0 million in 2022 to $4,484.5 million in 2027 at a rate of 8.3%. The market is then expected to grow at a CAGR of 8.6% from 2027 and reach $6,772.3 million in 2032.

The increase in demand for military helicopter is expected to positively impact the growth of the aircraft gearbox market during the forecast period. Due to the aging of helicopter components and systems of military helicopters, the market is expected to see a growing demand for aircraft gearboxes from the increasing number of new military helicopters. For example, in June 2022, the United States government and Sikorsky, a Lockheed Martin company, a US-based aircraft manufacturer, signed a five-year contract for a baseline of 120 H-60M Black Hawk helicopters, with options to reach a total of 255 aircraft to be delivered to the US Army and Foreign Military Sales (FMS) customers

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Aircraft gearbox manufacturers are focusing on launching new power gearboxes to strengthen their position in the market. A power gearbox is a mechanical component used to transmit and control power between an input and an output shaft. It is commonly employed in various applications, including automotive, industrial machinery, and power generation. For example, in August 2021, Rolls-Royce, a UK-based company and an aero-engine manufacturing business, launched its UltraFan® power gearbox.

The top opportunities in the aircraft gearbox market segmented by component will arise in the gear segment, which will gain $535.5 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by aircraft type will arise in the civil aviation segment, which will gain $1,115.4 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by fit will arise in the retrofit segment, which will gain $930.9 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by gearbox type will arise in the accessory segment, which will gain $431.5 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by application will arise in the engine segment, which will gain $1,013.9 million of global annual sales by 2027.The aircraft gearbox market size will gain the most in the USA at $580.9 million.

Aircraft Gearbox Market Segmentation:
The aircraft gearbox market is segmented by component, by aircraft type, by fit, by gearbox type and by application.

By Component -
a) Gear
b) Housing
c) Bearings
d) Other Components

By Aircraft Type-
a) Civil Aviation
b) Military Aviation

By Fit-
a) Retrofit
b) Linefit

By Gearbox Type -
a) Accessory
b) Actuation
c) Reduction
d) Tail Rotor
e) Auxiliary Power Unit
f) Other Gearbox Types

By Application -
a) Engine
b) Airframe

Major players in the aircraft gearbox market include Safran, Triumph Group, Liebherr
The Boeing group, General Electric.

The regions covered in the global aircraft gearbox market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Aircraft Gearbox Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Aircraft Gearbox Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…………
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Aircraft Gearbox Market, Conclusions And Recommendations
23. Appendix

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