Safran (France), Rexnord Aerospace (US) and Triumph Group (US) are leading players in Aircraft Gearbox Market
The Aircraft gearbox market is projected to grow from an estimated USD 2.6 billion in 2021 to USD 3.6 billion by 2026, at a CAGR of 6.9% in terms of value during the forecasted period. It is witnessing significant growth due to increasing new technologies and demand of going aircrafts. The North American region will dominate the market due to the growing air traffic and replacing the existing airfleet with the new ones.
Major manufacturers in this market are based in North America and Europe. Liebherr (Switzerland), Safran (France), Rexnord Aerospace (US), Triumph Group (US), The Timken Company (US), and United Technologies Corporation (US) are among the key manufacturers that secured Aircraft gearbox systems contracts in the last few years. Major focus was given to the development of new products due to the changing requirements of defense authorities across the world. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, collaborations, expansions, acquisitions, and new product development activities further to expand their presence in the Aircraft gearbox market.
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Safran is a major player in the aircraft gearbox market that designs, develops, and markets aircraft and engines for the military and security industries. Optronic, avionic, propulsion systems, emergency arresting systems, evacuation systems, protective parachutes, oxygen systems, electrical power management systems, and actuators are among its key products. The company offers a wide range of aircraft gearboxes for various applications and has a strong customer base of aircraft manufacturers and airlines. It launches new products to increase its product portfolio in the aircraft gearbox market.
Rexnord Aerospace is a leading player in aerospace bearings, seals, electrical components, and gears for aircraft applications. The company provides aircraft gearbox components such as bearings, seals, and gears. It has two main divisions: process and motion control, which include industrial drives, gears, bearings, conveying systems, electronic controls, as well as airplane mechanical parts. It offers plumbing components for commercial, industrial, municipal, and institutional settings for water management
Triumph Group develops, manufactures, repairs, and overhauls aerostructures, aircraft components, accessories, subassemblies, and systems. Its business operations are divided into two segments: systems & support and aerospace structures. Its product line includes mechanical and electromechanical control systems, aircraft and engine accessories, hydraulic, structural components & assemblies, non-structural composite components, avionics, aircraft instrumentation, and auxiliary power units. It manufactures complicated assemblies based on external designs. The company provides design, development, and support for unique components, subsystems, and systems.
Related Reports:
Aircraft Gearbox Market by Application (Engine, Airframe), Type (Reduction, Accessory, Actuation, Tail Rotor, APU), End User (OEM, Aftermarket), Platform (Civil, Military), Component (Gears, Housing, Bearing), Region - Global Forecast to 2026
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