Aircraft Actuation Gearbox Market Outlook – 2027
The global aircraft actuation gearbox market is experiencing a significant growth, with increasing commercial & military aircraft fleet size. Aircraft gearbox is the component of transmission system placed along with shafts for changing rotational speed and driving the accessories essential for an operational engine. Actuation gearbox drives the actuators such as pneumatic nodes in an aircraft for accurately controlling the actuator driven aircraft mechanism. As per the data based on air traffic for last two decades, the air traffic has been increasing in the developing countries such as India, UAE, and China. The aviation sector is demanding high efficiency, lightweight aircraft fuel engines which deliver enhanced performance.
COVID-19 scenario analysis:
Aircraft gearbox companies are facing short-term operational issues due to supply chain constraints and lack of site access due to the COVID-19 outbreak.
COVID-19 has forced governments to discontinue all assembly and manufacturing operations including aircraft industry.
The complete lockdown situation in several countries due to COVID-19, has directly impacted defense organizations to delay the procurement of aircraft gearboxes from the suppliers of the aircraft gearbox.
The COVID-19 pandemic is exerting tremendous financial stress on the aircraft gearbox companies by increasing the inventory carrying cost of the aircraft gearbox.
The aircraft industry has witnessed the colossal decline in flight hours as a large number of international as well as domestic flights are getting cancelled all across the globe to curb the transmission of the COVID-19.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in aircraft production, increase in demand for lightweight gearboxes, and rise in adoption of geared turbofan are the factors that drive the global aircraft accessory gearbox market. However, engine limitations at high altitudes and requirement of high initial investment products hinder the market growth. On the contrary, investment in R&D of open rotor engines and geared turbofan engines, and trend of fuel efficient and environment friendly vehicles present new pathways in the industry.
The global aircraft accessory gearbox market trends are as follows:
Surge in aircraft production
There is a new demand for gearboxes for aircraft assembled in the developing nations. Recently, in 2019, Airbus published global aircraft market forecast which stated that around 39,200 new passenger & freighter aircraft would be required over the next 20 years, owing to the 4.3% global air traffic growth. In addition, Boeing published a similar market forecast, in 2019, known as the Boeing Commercial Market Outlook. According to Boeing forecast, over the next 20 years, delivery of 44,040 new aircrafts will be made out of which 19,000 will be replacing older aircrafts. Moreover, the Boeing stated that the annual aircraft fleet growth rate & annual air traffic growth rate will be 3.4 % & 4.6%, respectively. Moreover, increasing military aircraft upgrades, R&D of advanced military aircraft platforms, and the growing presence of major system and component manufacturers in developing nations are expected to result in a surge in aircraft production that will drive the global aircraft actuation gearbox market.
Key benefits of the report:
- This study presents the analytical depiction of the global aircraft actuation gearbox industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aircraft actuation gearbox market share.
- The current market is quantitatively analyzed to highlight the global aircraft actuation gearbox market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global aircraft actuation gearbox market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the aircraft actuation gearbox market research report:
- Which are the leading market players active in the aircraft actuation gearbox market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Aircraft Actuation Gearbox Market Report Highlights
By Aircraft Type
By Fit Analysis
Key Market Players
Avion Corporation., Safran, CEF Industries LLC, AERO GEARBOX INTERNATIONAL, Liebherr, GE Aviation, SKF, AERO GEAR, Northstar Aerospace, Triumph Group, United Technologies