Global Aircraft Gearbox Market Is Grow at a CAGR of 8.2% and Expected to Reach USD 5.98 Billion by 2026 from USD 2.95 Billion in 2017
The Global Aircraft Gearbox Market is accounted for $2.95 billion in 2017 and is expected to reach $5.98 billion by 2026 growing at a CAGR of 8.2% during the forecast period. Some of the key factors influencing the market growth include growing demand for new aircraft, current superiority of geared turbofan engines and increasing demand for lighter aircraft engines. However, Limitations of aircraft using turboprop engines at high altitudes is restricting the market growth.
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