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Aircraft Gearbox Market Worth 4.53 Billion USD by 2022


News provided by

MarketsandMarkets

15 Jan, 2018, 16:30 GMT

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PUNE, India, January 15, 2018 /PRNewswire/ --

According to the new market research report "Aircraft Gearbox Market by Application (Engine (Turboprop, Turbofan, Turboshaft), Airframe), Gearbox Type (Reduction, Accessory, Actuation, Tail Rotor, APU), Fit (Linefit, Retrofit), Aircraft Type (Civil, Military), and Region - Global Forecast to 2022" , published by MarketsandMarkets™, the market is projected to grow from USD 3.38 Billion in 2017 to USD 4.53 Billion by 2022, at a CAGR of 6.01% from 2017 to 2022.

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Browse 75 market data Tables and 33 Figures spread through 124 Pages and in-depth TOC on "Aircraft Gearbox Market"

https://www.marketsandmarkets.com/Market-Reports/aircraft-gearbox-market-241445553.html

Early buyers will receive 10% customization on this report. 

Increasing demand for aircraft and present supremacy of Pure-Power Geared Turbofan (GTF) Engines are the major factors driving the aircraft gearbox market.

Based on application, the engine segment is projected to grow at a higher CAGR during the forecast period 

Based on application, the engine segment of the aircraft gearbox market is estimated to grow at a higher rate during the forecast period. Engines are an essential component of any aircraft. These engines require a huge amount of thrust during takeoff and landing.  Engine gearboxes help these aircraft engines achieve high thrust, which drives the aircraft to move forward. Turbofan engines are increasingly used in commercial aviation and military aviation applications. Hence, the demand for turbofan engines is likely to increase with the growing demand for commercial air travel globally and rising defense budgets of prominent economies.

Based on gearbox type, the accessory gearbox segment is projected to witness the highest growth during the forecast period 

Based on gearbox type, the accessory gearbox segment of the aircraft gearbox market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for new aircraft from the airlines. Accessory gearboxes are used in every kind of medium and large aircraft, hence, with growing demand for commercial air travel globally and rising defense budgets of prominent economies, the demand for AGB is likely to increase.

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=241445553

Based on fit, the linefit segment is expected to witness a higher growth rate than the retrofit segment during the forecast period 

Based on fit, the linefit segment of the aircraft gearbox market is projected to grow at a higher CAGR than the retrofit segment during the forecast period. The anticipated higher growth rate of the linefit segment is due to the increase in aircraft orders as well as deliveries, economic growth across regions, and an increase in passenger traffic.

Based on aircraft type, the civil aircraft segment is estimated to witness a higher growth rate during the forecast period 

Based on aircraft type, the civil aircraft segment is estimated to witness a higher growth rate during the forecast period. The civil aircraft segment has been witnessing significant growth in the past few years due to increasing air traffic and rise in the disposable income of middle-class populations across the globe. Increased demand for new aircraft around the world is also fueling the growth of the civil aircraft segment.

Inquiry Before Buy @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=241445553

The Asia Pacific market is expected to witness the highest growth during the forecast period 

Among regions, the aircraft gearbox market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. The aviation industry is growing at a significant pace, due to increasing air passenger traffic and improving economic conditions in the region. The growth in air passenger traffic has resulted in increased demand for new lightweight and fuel-efficient aircraft from the region, which is expected to fuel the demand for aircraft gearbox during the forecast period.

Major companies profiled in the aircraft gearbox market report are Liebherr (Switzerland), United Technologies (US), Aero Gearbox International (France), Northstar Aerospace (US), Safran (France), and others.

Browse Related Reports 

Aircraft Engines Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Application (Military Aviation, Commercial Aviation, General Aviation), Platform (Fixed Wing, Rotary Wing), and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/aircraft-engine-market-14300744.html

Propulsion Systems Market by type (Air Breathing Engines, Non-Air Breathing Engines, Electric Propulsion Engines), Application (Aircraft, Spacecraft, Missiles, Unmanned Aerial Vehicles), and Region - Global Forecast to 2021

https://www.marketsandmarkets.com/Market-Reports/aerospace-propulsion-system-market-13114028.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 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' flagship competitive intelligence and market research platform, "RT" 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:
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USA : +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit our Blog@ http://mnmblog.org/market-research/aerospace-defence

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