Aircraft Gearbox Market

Liebherr-Aerospace (Switzerland), United Technologies (US), and Safran (France) are Some of the Key Players Operating in the Aircraft Gearbox Market

A gearbox is a power transmission device that enables engines or motors to generate high torque at low speed. The aircraft gearbox market is projected to grow from USD 3.38 Billion in 2017 to USD 4.53 Billion by 2022, at a CAGR of 6.01% from 2017 to 2022. The aircraft gearbox market in Asia Pacific is growing at a significant pace during the forecast period. Increasing disposable income of the middle-class population in countries, such as India and China contributed to the growth of the international tourism industry, thereby increasing the number of air passengers in the region. This, in turn, has fueled the growth of the aircraft gearbox market in Asia Pacific.

Liebherr-Aerospace (Switzerland), United Technologies (US), and Safran (France) are some of the key players operating in the aircraft gearbox market. These market players are focused on securing contracts to ensure their organic growth in the aircraft gearbox market. The core competencies of these players include their widespread geographical presence and increased investments in R&D activities.

Safran (France) is a major player in the aircraft gearbox market. The company focuses on extensive R&D activities for fuel-efficient aircraft engines. The company offers a wide range of aircraft gearboxes for various applications and has a strong customer base of aircraft manufacturers and airlines. Safran focuses on adopting various strategies, such as new product launches to increase its product portfolio in the aircraft gearbox market. In 2014, Safran introduced an electric generator equipped with a power transmission unit in partnership with GE and Snecma. With this development of a single integrated transmission system, the overall weight and complexity of systems can be minimized.

Liebherr-Aerospace (Switzerland) is another major player in the aircraft gearbox market. Liebherr is focused on acquiring contracts and has entered into a joint venture with Rolls-Royce to strengthen its position and competitiveness in the market. The company provides aircraft gearboxes for commercial and military segments. The company has been receiving contracts from major players such as Airbus and Rolls-Royce for aircraft gearboxes. In 2014, Liebherr signed a contract with Airbus to supply tail rotor gearbox for Airbus Helicopters. Liebherr provides all other components and systems for Airbus helicopters under the long-term relationship between them.

United Technologies (US) is among the top manufacturers of aircraft gearboxes in the market. It has a vast portfolio of commercial and defense products. The company is expanding its business in high-growth regions and countries, including the US, Europe, and Asia Pacific.

Related Reports:

Aircraft Gearbox Market by Application (Engine (Turboprop, Turbofan, Turboshaft), Airframe), Gearbox Type (Reduction, Accessory, Actuation, Tail Rotor, APU), Fit (Linefit, Retrofit), Aircraft Type (Civil, Military), and Region - Global Forecast to 2022

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Report Code
AS 5888
Published ON
Jan, 2018
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