Civil Aircraft Soar_ Market Share Dynamics in Civil Aircraft Gearbox Market Segment

1. Aircraft Gearbox Industry worth $4.2 billion by 2028 Sign In Search Reports VIEW FULL TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF The report "Aircraft Gearbox Market by Type, Component ( Gear, Housing, Bearings), Application (Engine, Airframe), Platform (Military, Civil), End Use (OEM, Aftermarket), and Region (North America, Asia Pacific, Europe, Rest of the World) - Global Forecast to 2028" The global aircraft Gearbox market size is projected to grow from USD 3.0 billion in 2023 to USD 4.2 billion by 2028, at a CAGR of 6.9% from 2023 to 2028. The aircraft gearbox market is primarily driven by factors such as increasing air passenger traffic, technological advancements in gearbox design, demand for fuel-efficient aircraft, and stringent safety regulations. Opportunities in the market arise from the growing demand for lightweight and durable gear systems, the need for reliable power transmission solutions, and the expanding global aviation sector, particularly in emerging economies. Additionally, the rising adoption of electric and hybrid propulsion systems in aircraft presents a significant opportunity for the development of advanced and more efficient gearbox solutions. Browse 425 market data Tables and 43 Figures spread through 284 Pages and in-depth TOC on "Aircraft Gearbox Market by Type, Component ( Gear, Housing, Bearings), Application (Engine, Airframe), Platform (Military, Civil), End Use (OEM, Aftermarket), and Region (North America, Asia Pacific, Europe, Rest of the World) - Global Forecast to 2028" View detailed Table of Content here - https://www.marketsandmarkets.com/Market- Reports/aircraft-gearbox-market-241445553.html Increasing demand for new aircraft will drive the demand for engine segment. The engine segment is expected to be the largest market by value due to its critical role in ensuring safe and efficient aircraft operation. The engine segment is expected to lead the aircraft gearbox market due to the increasing demand for powerful and fuel-efficient engines, as well as the rising focus on enhancing aircraft performance and reducing maintenance costs. Engine gearboxes play a crucial role in transmitting power from the engine to other aircraft components, driving the prominence of this segment in the market. The accessory gearbox segment is projected to witness a higher CAGR during the forecast period. × Based on gearbox type, the dominance of the accessory gearbox type is attributed to the significant role it plays in powering various aircraft accessories, including pumps, generators, and other crucial components. As the demand for advanced and more efficient accessory systems increases, the market for accessory gearboxes is expected to witness substantial growth during the forecast period. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info. X The gear component segment is projected to witness a higher CAGR during the forecast period.  Call Email  REQUEST FREE SAMPLE REPORT Chat now Based on the component, the electric motor driven segment is projected to be the highest CAGR

2. rate for the aircraft gearbox market during the forecast period. These gearbox offer exceptional efficiency, precise control, and reduced maintenance requirements, making them ideal for modern aircraft systems. Their ability to align with lightweight and environmentally friendly aircraft designs further fuels demand. As the aviation industry increasingly prioritizes efficiency and sustainability, electric motor-driven gearbox are expected to experience significant growth, emerging as leaders in the market. The civil aircraft segment is projected to witness the highest CAGR during the forecast period. Based on the platform, the civil aircraft segment is projected to grow at the highest CAGR rate for the aircraft gearbox market during the forecast period. The civil aircraft segment is expected to witness a higher CAGR owing to the surge in air passenger traffic, which has led to an increased demand for new commercial aircraft on a global scale. Additionally, the rapid expansion of the commercial aviation sector, coupled with the ongoing efforts of airlines to modernize their fleets with more fuel-efficient and technologically advanced aircraft, is projected to drive the growth of the civil aircraft segment in the aircraft gearbox market. The OEM segment is projected to witness the highest CAGR during the forecast period. Based on the end use, the OEM segment is projected to grow at the highest CAGR rate for the aircraft Gearbox market during the forecast period. propelled by the increasing demand for new aircraft worldwide and the continuous efforts of OEMs to integrate advanced gearbox technologies into their new aircraft models. The emphasis on incorporating lightweight, durable, and technologically advanced gearboxes to enhance overall aircraft performance is anticipated to further bolster the growth of this segment. The North America market is projected to hold the highest market share from 2023 to 2028. North America is projected to hold the higher market share for the aircraft gearbox market during the forecast period. The anticipated higher market share in the aircraft gearbox market can be attributed to the presence of major aircraft manufacturers, technological advancements, and a strong focus on research and development activities within the region. Furthermore, the well- established aviation infrastructure, stringent safety regulations, and the presence of key market players are expected to contribute to the region's dominant position in the aircraft gearbox market during the forecast period. The aircraft gearbox market includes major players Safran (France), Rexnord Aerospace (US), Triumph Group (US), The Timken Company (US), and Liebherr (Switzerland). These players have spread their business across various countries including North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. Don’t miss out on business opportunities in Aircraft Gearbox Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche

3. opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com Report Code AS 5888 PR Published ON 10/27/2021 

4.  REQUEST FREE SAMPLE REPORT CHOOSE LICENSE TYPE Single User - $4950 Corporate License - $8150 BUY NOW Inquire Before Buying ADJACENT MARKETS REQUEST BUNDLE REPORTS   SHARE X Speak to Analyst OR FACE-TO-FACE MEETING PERSONALIZE THIS RESEARCH Triangulate with your Own Data Get Data as per your Format and Definition Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor Any level of Personalization REQUEST A FREE CUSTOMIZATION

5. LET US HELP YOU! What are the Known and Unknown Adjacencies Impacting the Aircraft Gearbox Market What will your New Revenue Sources be? Who will be your Top Customer; what will make them switch? Defend your Market Share or Win Competitors Get a Scorecard for Target Partners CUSTOMIZED WORKSHOP REQUEST