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Aircraft Gearbox Market to Accrue Substantial Proceeds from Retrofit Segment Over 2019 to 2025

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Aircraft gearbox market participants are continuously investing in R&D for developing advanced and light weight gearboxes for developing fuel efficient aircrafts with a focus on reducing carbon emissions

— Global Aircraft Gearbox Market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their price change details, cost/revenue structure. Additionally, the analysis offers a detailed breakdown of key market growth drivers and limitation along with impact analysis of the same.

Based on fit, the aircraft gearbox market share is classified into line fit & retrofit. The growth in the retrofit segment can be attributed to the increasing requirements for maintenance and replacements of gears over a certain timeframe. Stringent government regulations mandating MRO of aircrafts after certain flight cycle, thereby supporting the segment growth. Moreover, the continuous operations of gearbox over diversified operating environment contributes towards wear and tear, thereby accelerating the retrofit market size over the projected timeframe.

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Aircraft gearbox market participants are continuously investing in R&D for developing advanced and light weight gearboxes for developing fuel efficient aircrafts with a focus on reducing carbon emissions. For instance, in 2014, Safran showcased its advanced Integrated Generator Gearbox (IGGB) transmission with advanced power generation combined with integrated starter-generator capabilities, thereby reducing fuel consumption significantly.

Based on type, the aircraft gearbox market size is categorized into reduction, actuation, accessory, auxiliary power unit, and tail rotor. The growth in the aircraft reduction gearbox can be attributed to the rising requirement for such gearboxes to control the engine rpm along with optimizing propeller rotation speed to maintain aircraft efficiency. Additionally, the usage of different types of gears including planetary, spur & pinion, and bevel planetary gear based on applications and requirements of the aircraft engines further accentuates the segment demand.

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Based on aircraft, the aircraft gearbox market share can be segmented into commercial aircrafts, military, regional aircrafts, business jets, and helicopters. The growth in the helicopters can be credited to the benefits offered including vertical landing & take-off along with the capability to hover across certain areas. Moreover, the compact size of helicopters makes them ideal for specialized missions along with supporting emergency and relief operations.

Asia Pacific aircraft gearbox market share will witness significant growth on account of growing air passenger travel across the region. Increasing aircraft deliveries along with expansion of flight network routes are further boosting the regional share. For instance, in March 2019, the region accounted for 53 commercial aircraft deliveries, thereby supporting the market share growth over the study timeframe.

Few of the major players operating in the aircraft gearbox market share include Aero gearbox International, CEF industries, LLC, The Boeing group, The Liebherr group, North star aerospace, and Safran S.A. Industry players are engaged in strategic mergers and acquisitions for improving their market share.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Source URL: https://marketersmedia.com/aircraft-gearbox-market-to-accrue-substantial-proceeds-from-retrofit-segment-over-2019-to-2025/88890557

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Release ID: 88890557

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