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The Aircraft Mechanical Power Transmission System Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Aircraft Mechanical Power Transmission System is the increasing demand for Aircraft Mechanical Power Transmission System in various industries.
This report on the Aircraft Mechanical Power Transmission System Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Aircraft Mechanical Power Transmission System Market. The report intends to present a thorough analysis of the Aircraft Mechanical Power Transmission System Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Aircraft Mechanical Power Transmission System Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Aircraft Mechanical Power Transmission System Market are-
AB SKF
BMT Aerospace
GE AVIO S.r.l. (Avio Aero)
Kawasaki Heavy Industries Ltd.
Northstar Aerospace, Inc.
Safran SA (Safran Transmission Systems)
The Liebherr Group
The Timken Company
Triumph Group, Inc.
United Technologies Corporation.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Mechanical Power Transmission System Market value and growth drivers over the trend period of 2022-27.
According to the report -
The demand for gearboxes in the aerospace industry has been vigorous in the last decade owing to the excellent organic growth of both civil and military aviation coupled with ongoing advancements in technologies; necessitating the importance of equipment. The aerospace industry has been one of the biggest users of the mechanical power transmission system in which gearboxes play the biggest role. The aircraft mechanical power transmission system market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 2.2 billion in 2027.
Segment Analysis:
Based on Aircraft Type:
Based on the aircraft type, the market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopter. Commercial aircraft is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Strong order backlogs of the best-selling aircraft programs, such as B737 and A320 including their variants; upcoming aircraft programs, such as C919 and MC-21; and large aircraft fleet size are likely to create a healthy demand for the mechanical power transmission system in the commercial aircraft segment. The grounding of B737Max across the world may have some short-term impact on the demand for mechanical power transmission systems. The long-term outlook still seems impressive with good growth opportunities across the world.
Based on Region:
In terms of region, North America is projected to remain the largest market for aircraft mechanical power transmission systems during the forecast period. The USA is the growth engine of the region’s market and has one of the largest fleets of commercial and military aircraft in the world. Due to the presence of major companies, the region is the early go-getter in the industry concerning technology and material adoption. Currently, the increasing production rate of the next-generation aircraft (B787 and F35) with improved engine performance is paving the path for the mechanical power transmission system market in the region. The opening of assembly plants of the A320 and A220 aircraft programs by Airbus in the USA further assures a healthy growth of the market in the region.
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