The "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) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The aircraft gearbox market is projected to grow from an estimated USD 3.38 Billion in 2017 to USD 4.53 Billion by 2022, at a CAGR of 6.01% from 2017 to 2022.
Increase in demand for new aircraft and present supremacy of Pure-Power Geared Turbofan (GTF) engines are key factors expected to drive the aircraft gearbox market during the forecast period. The market has been segmented based on application, gearbox type, fit, aircraft type and region.
Products offered by various companies operating in the aircraft gearbox market have been listed in the report. The recent developments section of the report includes information on strategies adopted by various companies between 2014 and 2017. Safran (France), Liebherr (Switzerland), and United Technologies (US) are some of the major market players. These players have an extensive geographical reach and distribution channels.
Market Dynamics
Drivers
- Increase in Demand for New Aircraft
- Present Supremacy of Purepower Geared Turbofan (GTF) Engines
Restraints
- Existing Backlogs in Aircraft Deliveries
- Limitations of Aircraft Using Turboprop Engines at High Altitudes
Opportunities
- Increased Investments in the Field of Geared Turbofan Engines
- Rise in Demand for Lightweight Aircraft Engines
- Increased R&D Investments in Open Rotor Engine Configuration
Challenges
- High Cost Associated With the Introduction of New Technological Concepts
- Stringent Regulatory Norms
- Spalling, Frosting, and Manufacturing Defects
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Gearbox Market, by Application
8 Aircraft Gearbox Market, by Gearbox Type
9 Aircraft Gearbox Market, by Fit
10 Aircraft Gearbox Market, by Aircraft Type
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
- Aero Gear
- Aero Gearbox International
- Avion
- CEF Industries
- Liebherr
- Northstar Aerospace
- PBS Velka Bites
- Safran
- SKF
- Triumph
- United Technologies
For more information about this report visit https://www.researchandmarkets.com/research/vxl2xd/global_aircraft?w=4
View source version on businesswire.com: http://www.businesswire.com/news/home/20180125006327/en/