Aircraft Gearbox Market: Future Forecast Assessed on the Basis of How the Key Players Decided to InvestPosted by Amrut Mahajani on February 8th, 2023  The Global Aircraft Gearbox Market is expected to grow from an estimated USD 2.6 billion in 2021 to USD 3.6 billion by 2026, at a CAGR of 6.9%. The growth of the market can be attributed to the increasing commercial and military aircraft fleets and the need for high-efficiency and lightweight aircraft fuel engines. The North American region is expected to dominate the market due to the increasing air traffic and the replacement of existing air fleets with new ones. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=241445553 The impact of COVID-19 on the market has been analyzed for realistic, optimistic, and pessimistic scenarios, with the realistic scenario considered for calculations. The major players in the market include Liebherr, Safran, Rexnord Aerospace, Triumph Group, The Timken Company, and United Technologies Corporation. The COVID-19 pandemic has impacted their businesses by causing supply chain bottlenecks, lack of site access, and increasing aircraft gearbox inventory carrying costs. The market is driven by the increase in demand for military helicopters due to the aging of their components and systems, as well as the development of new technologies. However, the backlogs in aircraft deliveries due to limited manufacturing capacity is expected to restrain the market growth. On the other hand, increased investments in geared turbofan engines provide growth opportunities for the market. Pratt & Whitney has invested USD 10 billion in geared turbofan technology, resulting in a 16% gain in fuel efficiency and a 75% decrease in noise. Rolls Royce has also developed its Geared Turbofan engine, UltraFan, which is expected to be 25% more fuel-efficient. Our Other Publications: Active Protection System Market by End User (Defense, Homeland Security), Platform (Ground, Marine, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027 Software Defined Radio Market by Platform (Airborne, Maritime, Land, Space), Application (Government & Defense, Commercial), Component (Hardware, Software), Type, Frequency (Single Band, Multi-Band), and Region - Global Forecast to 2027 Aviation Fuel Market by Fuel Type (Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel- Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle) & Region- Global Forecast to 2030 Contact: Like it? Share it! More by this author |