Aircraft Gearbox Market Size Growth During Forecast Period.

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Aircraft Gearbox Market Size Growth During
Forecast Period.
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Key Insights from Fire Aircraft Gearbox Market

• Fire Control System Market is anticipated to
  achieve lucrative growth rate from 2019 to 2025
  pushed by increasing terrorist activities along
  with an upsurge in military and naval operations
  across borders to enhance national and
  international security. Rising defense budgets
  globally along with modernization of ageing
  equipment are further expanding the industry
  share over the projected timeframe.
• The benefits offered by the fire control systems
  including rapid target engagements, improving
  situational awareness along with improved gun
  crew survival are attracting military and naval
  forces globally to deploy such systems. Moreover,
  superior operational efficiency along with higher
  system accuracy to attack targets and enemies
  further expands the fire control system market
  share over the projected timeframe.

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Continued

• Stringent government regulations are playing a
  major role in boosting the aircraft gearbox
  market share over the projected timeframe. Most
  regulations are catered to the safety of
  aircrafts for ensuring the appropriate
  performance of gearbox during diversified
  operations. For instance, in 2014, the European
  Union Aviation Safety Agency (EASA) launched its
  helicopter gearbox lubrication rule to ensure
  that helicopters are airborne up to a certain
  range after loss of lubrication.
• Improving fuel economy and focus on enhancing
  flight operational efficiency are some of the
  major factors boosting the investments in RD for
  developing green gearbox technologies. For
  instance, in 2016, Pratt Whitney launched its
  PurePower line-up of geared turbofan engines,
  that are designed to offer highly efficient and
  quieter performance during a flight journey.
  Further, these gearboxes are connected through an
  inlet fan to the turbine and compressor in its
  core, thereby improving engine performance
  significantly.

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Market research reports Key analytical components

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Major Companies Aircraft Gearbox Market

• Aero gearbox International
• CEF industries
• LLC

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Regional Insights Aircraft Gearbox Market

North America will account for a significant
share in the aircraft gearbox market. This can be
attributed to the presence of multiple aviation
players across the region including OEMs, gearbox
suppliers, and distributors. Moreover, aircraft
manufacturers are continuously investing in their
production facilities expansion for improving
their market share. For instance, in 2019, Airbus
announced the construction of its A220
manufacturing facility in the U.S., thereby
providing a positive outlook for the industry
expansion. Asia Pacific aircraft gearbox market
share will witness significant growth on account
of growing air passenger travel across the
region. Increasing aircraft deliveries along with
expansion of flight network routes are further
boosting the regional share. For instance, in
March 2019, the region accounted for 53
commercial aircraft deliveries, thereby
supporting the market share growth over the study
timeframe.
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