Aircraft Gearbox Market

Safran (France) and Liebherr (Switzerland) are leading players in the Aircraft Gearbox Market

The aircraft gearbox market is projected to grow from USD 3.3 billion in 2019 to USD 4.3 billion by 2025, at a CAGR of 4.8% during the forecast period. The major factors driving the aircraft gearbox market growth include the increasing demand for new aircraft and lightweight aircraft components.

Some of the major players in the aircraft gearbox market include Liebherr (Switzerland), Safran (France), United Technologies Corporation (US), SKF (Sweden), and Triumph Group (US). These players have adopted contracts, agreements, and new product launches as their primary growth strategies from 2014 to 2019, to expand their presence in the global aircraft gearbox market further.

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Safran (France) is one of the major players in the aircraft gearbox market. Safran is a leading provider of Accessory Drive Train (ADT) systems, accessory gearboxes, propeller reduction gearboxes, and Aircraft-Mounted Accessory Gearboxes (AMAG) for both, commercial and military aircraft. The company has a broad geographic reach and an extensive sales & distribution network. As a part of its key growth strategy, the company is focused on signing long term contracts with key market players to enhance its market presence. The company has been successful in building a leading position for itself globally in the aircraft gearbox market.

Another major player in the aircraft gearbox market is Liebherr (Switzerland), which holds the leading position in the market. The company focuses on strong R&D initiatives, which drive innovation in products making it an industry leader and differentiates it from its competitors. It continues to focus on developing new technologies that support customers’ critical requirements and priorities.  In November 2017, Liebherr and Rolls-Royce entered into a joint venture to manufacture and deliver Power Gearbox that is used in the new Ultrafan engine developed by Rolls-Royce. This development strategy enabled Liebherr to increase its production capacity and strengthen its aircraft gearbox market position.

United Technologies Corporation (US) is among the world’s leading provider of aircraft gearbox solutions. The company’s success in the competitive aerospace industry depends on its ability to develop and market innovative products and services that meet customer requirements.

Related Reports:

Aircraft Gearbox Market by Application (Engine, Airframe), Gearbox Type (Reduction, Accessory, Actuation, Tail Rotor, APU), End User (OEM, Aftermarket), Aircraft Type (Civil, Military), Component (Gears, Housing, Bearing), Region - Global Forecast to 2025

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Report Code
AS 5888
RI Published ON
8/29/2019
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