Aircraft Gearbox Market Size in Helicopters Segment is Projected to Grow Significantly By 2025
Category: #business  By Ashwin Naphade  Date: 2019-08-15
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Aircraft Gearbox Market Size in Helicopters Segment is Projected to Grow Significantly By 2025

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.

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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Stringent government regulations are playing a major role in boosting the aircraft gearbox market share over the projected timeframe. Most regulations are catered to the safety of aircrafts for ensuring the appropriate performance of gearbox during diversified operations. For instance, in 2014, the European Union Aviation Safety Agency (EASA) launched its helicopter gearbox lubrication rule to ensure that helicopters are airborne up to a certain range after loss of lubrication.

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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North America will account for a significant share in the aircraft gearbox market. This can be attributed to the presence of multiple aviation players across the region including OEMs, gearbox suppliers, and distributors. Moreover, aircraft manufacturers are continuously investing in their production facilities expansion for improving their market share. For instance, in 2019, Airbus announced the construction of its A220 manufacturing facility in the U.S., thereby providing a positive outlook for the industry expansion.

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.

Methodology used in the Aircraft Gearbox Market Report –

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Aircraft gearbox market definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

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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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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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