Aircraft Gears Market

Aircraft Gears Industry worth $403 million by 2028

The report "Aircraft Gears Market by Platform (Commercial, Military), End User (OEM, Aftermarket), Gear Types (Spur, Helical, Bevel, Rack and Pinion), Application (APU, Actuators, Pumps, Air Conditioning Compressor) and Region - Global Forecast to 2028" The Aircraft Gears Market is estimated to be USD 325 million in 2023 and is projected to reach USD 403 million by 2028, at a CAGR of 4.4% from 2023 to 2028. The Aircraft Gears market, forecasted globally to 2028, is a combination of technological, economic, and regulatory factors that influence both demand and supply. With a CAGR of 4.4%, a myriad of factors beyond the increased demand for actuators and the fundamental requirements of efficiency and performance in the aerospace industry influence the growth of the aircraft gears market. These factors span technological innovations, market trends, regulatory requirements, and shifts in global defense and commercial aviation strategies.

Browse 307 market data Tables and 52 Figures spread through 243 Pages and in-depth TOC on "Aircraft Gears Market by Platform (Commercial, Military), End User (OEM, Aftermarket), Gear Types (Spur, Helical, Bevel, Rack and Pinion), Application (APU, Actuators, Pumps, Air Conditioning Compressor) and Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/aircraft-gears-market-89806057.html

Based on the platform, the commercial aviation segment by platform is estimated to have the highest market share in 2023.

Based on the platform, the commercial aviation segment is estimated to have the highest market share for the Aircraft Gears Market in 2023. The global increase in air travel is a primary driver behind the growth of commercial aviation. As more people travel by air for both business and leisure, airlines are expanding their fleets to meet this demand. This expansion requires many new aircraft, each equipped with multiple gear systems, thereby driving down the demand for aircraft gears.

Based on the End User, OEM segment is estimated to have the highest market share in 2023.

In 2023, the OEM segment in the Aircraft Gears Market is estimated to have the largest market share. Aircraft OEMs are continuously expanding their product portfolios to include a wider range of aircraft types, from large commercial airliners to business jets and military aircraft. Each type of aircraft has unique gear requirements, contributing to the diverse demand for aircraft gears across different segments of the aerospace market. Aircraft OEMs invest significantly in R&D to innovate and improve aircraft performance, efficiency, and safety. This investment often leads to the development of new gear technologies and materials, further driving the demand within the OEM segment for cutting-edge gear solutions that can meet these evolving requirements.

Based on application, the actuators segment is estimated to have the highest market share in 2023.

The actuators segment is poised to drive substantial growth in the Aircraft Gears market, projected to achieve the highest market share by 2023. The aerospace sector is experiencing notable progress in actuation technology, highlighted by the emergence of electric actuation systems as viable replacements for conventional hydraulic and pneumatic systems. These electric actuators bring advantages including decreased weight, enhanced reliability, and simplified maintenance, leading to their increased integration into modern aircraft designs. This transition to more sophisticated actuation systems demands the application of precision-engineered gears, thereby stimulating expansion in this market segment.

Based on regions, the North America market is estimated to have the highest market share during 2023.

The North America region is expected to have the highest market share in the Aircraft Gears Market during the forecast period. North America is anticipated to hold the largest share in the aircraft gears market in 2023, a trend that can be attributed to several key factors inherent to the region's aerospace industry and economic environment. The strength of North America in this market is underpinned by a combination of robust industrial infrastructure, significant investments in aerospace R&D, a strong presence of leading aircraft manufacturers and defense contractors, and a substantial demand for both commercial and military aviation.

Key Players

Prominent companies in the Aircraft Gears Market include Arrow Gears (US), Precipart (Switzerland), Batom Co., Ltd. (Taiwan), Gear Motions (US), and Gibbs Gears (UK) are some of the leading companies in the Aircraft Gears market. These industry leaders, headquartered in various countries, drive innovation and excellence in Aircraft gear manufacture globally.

Don’t miss out on business opportunities in Aircraft Gears Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Aircraft Gears Market Size,  Share & Growth Report
Report Code
AS 8960
PR Published ON
1/28/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Aircraft Gears Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home