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Aircraft Gearbox Market Trends

  • Report ID: GMI3295
  • Published Date: Jun 2024
  • Report Format: PDF

Aircraft Gearbox Market Trends

The use of lightweight materials such as titanium alloys and composites is becoming increasingly common in the manufacturing of aircraft gearboxes. These materials help reduce the overall weight of the aircraft, leading to improved fuel efficiency and lower emissions. Innovations in lubrication technology are enhancing the performance and longevity of aircraft gearboxes. Advanced lubricants can operate under extreme temperatures and pressures, reducing wear and tear and improving the overall efficiency of the gearboxes. There is a growing focus on developing more efficient gear systems that can reduce energy losses and improve the overall performance of aircraft engines. This trend is driven by the need to enhance fuel efficiency and meet stringent environmental regulations. The Maintenance, Repair, and Overhaul (MRO) market for aircraft gearboxes is expanding. As the global fleet ages and more aircraft enter service, the demand for aftermarket services, including gearbox repair and replacement, is increasing. Companies are focusing on providing comprehensive MRO solutions to extend the lifespan of gearboxes and ensure their reliability. Emerging markets, particularly in the Asia-Pacific region, are experiencing significant growth in air travel. Countries like China and India are investing heavily in their aviation infrastructure, leading to increased demand for new aircraft and associated components, including gearboxes. This regional growth is creating new opportunities for gearbox manufacturers.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Industry size for aircraft gearbox was worth USD 3.3 billion in 2023 and is projected to expand at 6.5% CAGR from 2024 to 2032, due to the rising global demand for air travel.

The accessory gearbox type segment in the aircraft gearbox industry accounted for USD 1 billion in revenue in 2023 and is estimated to depict robust CAGR between 2024 and 2032, owing to the rising production of commercial and military aircraft.

The aircraft gears component segment in the aircraft gearbox industry accounted for 41% share in 2023 on account of the increasing focus of the aviation sector to improve fuel efficiency and performance.

North America market size recorded USD 800 million in 2023 and is estimated to expand at notable rate from 2024 to 2032, led by the high demand for air travel in the region.

Aircraft Gearbox Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 428
  • Countries covered: 23
  • Pages: 487
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