Press release
Aircraft Gearbox Market: Soaring to $4.72 Billion by 2029 driven by Emerging Technologies and Increasing Aircraft Fleet Size
Aircraft Gearbox Market Trends
What Is The Projected Market Size Of The Global Aircraft Gearbox Market And Its Growth Rate?
The global aircraft gearbox market has displayed palpable growth and is projected to follow this trajectory in the future.
•Growth from $3.39 billion in 2024 to $3.65 billion in 2025 at a CAGR of 7.6%.
•Strong growth is expected in the coming years, reaching $4.72 billion by 2029 at a CAGR of 6.6%.
•The surging demand for military helicopters, increasing aircraft fleet size, and rigorous research and development efforts contribute to the predicted growth.
What Is Driving The Growth In The Aircraft Gearbox Market?
The increase in air traffic has been instrumental in driving the growth of the aircraft gearbox market. The surge is due to an upswing in travel numbers, heightened international tourism, and increased demand for commercial aircraft delivery. The aviation traffic catapult resulting from demographic and economic expansion has intensified the demand for aircraft engines and parts. An example of this impact can be witnessed in the IATA report from May 2022, indicating a significant rise in global air traffic, thereby fueling the growth of the aircraft gearbox market.
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Who Are the Key Players Driving Aircraft Gearbox Market Growth?
The key players in the aircraft gearbox market include:
•Safran
•Triumph Group
•Liebherr
•The Boeing Group
•General Electric
•Rexnord Corporation
•Rolls-Royce plc
•Aero Gear
•SKF
•Northstar Aerospace
What Are The Key Trends In The Aircraft Gearbox Market?
Significant trends in the forecast period include:
•Focus on launching new power gearboxes
•Intensive technology advancement and development of technologically advanced products
•Partnerships and collaborations to enhance product portfolio and geographic presence
•Investments in the market to develop new product solutions
What Are The Segments Of The Global Aircraft Gearbox Market?
The global aircraft gearbox market is segmented by:
•Component: Gear, Housing, Bearings, Other Components
•Aircraft Type: Civil Aviation, Military Aviation
•Fit: Retrofit, Linefit
•Gearbox Type: Accessory, Actuation, Reduction, Tail Rotor, Auxiliary Power Unit, Other Gearbox Types
•Application: Engine, Airframe
Which Region Leads The Aircraft Gearbox Market?
In 2024, North America dominated the aircraft gearbox market. However, the fastest-growing region is expected to be Asia-Pacific during the forecast period. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aircraft Gearbox Market Global Market Report?
- Market Size Analysis: Analyze the Aircraft Gearbox Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Gearbox Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Gearbox Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Gearbox Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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