The global aircraft gearbox market size reached USD 2.65 Billion in 2021 and is expected to register a revenue CAGR of 8.1% during the forecast period to the latest analysis by Emergen Research. Rising demand for lightweight aircraft components is a key factor driving revenue growth of the market. The diameter of the fan blades, the fewer parts, and the installation of a planetary gearbox are the main distinctions between a conventional and geared turbofan. This combination led to the creation of an engine with much lower noise, emissions, and fuel consumption. By reducing the fuel consumption of turbofans by 30% and hence lowering emissions into the atmosphere, geared turbofans reduce NOx emissions and micro-particulate pollution. Pratt PurePower has improved fuel efficiency by 16%, cut carbon emissions by 50%, and reduced noise by 75%.
The report highlights the current impact of COVID-19 on the Aircraft Gearbox market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Aircraft Gearbox according to the impact of COVID-19.
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The leading market contenders listed in the report are:
The Timken Company, Triumph Group, CEF Industries, United Technologies Corporation, Liebherr, Rexnord Aerospace, Northstar Aerospace, Safran, Avion, and Aero Gear
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Market Segmentations of the Aircraft Gearbox Market
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Regional Outlook of the Aircraft Gearbox Market
The global Aircraft Gearbox market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Aircraft Gearbox market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
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