Aircraft Gearbox Market Size, Industry Trends Report | 2031

Aircraft Gearbox Market Size, Industry Trends Report | 2031

Segments - Aircraft Gearbox Market by Gearbox (Accessory, Reduction, Actuation, Tail Rotor, Auxiliary Power Unit, and Others), Applications (Engine and Airframe), Aircraft Types (Civil Aircraft and Military Aircraft), Components (Gear, Housing, Bearing, Shafts, Covers, And Others), End-users (OEM and Aftermarket), and Regions (Europe, Latin America, North America, Asia Pacific, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : Indranil Bose
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Editor : Shruti Bhat

Upcoming | Report ID :AD-2927 | 4.5 Rating | 73 Reviews | 172 Pages | Format : PDF Excel PPT

Report Description


The Global Aircraft Gearbox Market size was valued at USD 3.45 Million in 2022 and is expected to surpass USD 5.26 Million by 2031, expanding at a CAGR of 4.8% during the forecast period, 2023–2031.  The growth of the market is attributed to the increasing number of deliveries of commercial aircrafts.

A gearbox can be defined as a box containing gear train or a mechanical block or component that consists of a series of gear integrated into the housing. The name itself defines, the gearbox as a box of gear. Transmission works akin any transmission systems; it changes the torque and speed between the driving devices like a motor and the load.

Aircraft Gearbox Market Outlook

Many types of gear are present in a transmission, ranging from bevel gear and spiral bevel gear to helical gear and planetary gear. A transmission is a mechanical method of transferring power from one device to another, used to increase torque and reduce speed.

In aircraft transmissions, the gearbox is used to reduce or increase the speed. The transmission is widely used in military aircraft, passenger aircraft, helicopters, and commercial and general aviation.

  • Increasing air traffic is boosting airborne trade activities, which in turn, is driving the market.

  • Rising disposable income and growing demand for new aircraft are expected to propel the aircraft gearbox market during the forecast period.

  • Growing deliveries of commercial aircrafts is fueling the market.

  • Technological advancement in gearbox and surging demand for pure-power geared turbofan (GTF) engine are estimated to drive the market during the forecast period.

  • Introduction of light-weight aircraft gearboxes is estimated to propel the market during the forecast period.

  • Increasing aircraft fleet size is driving the market.

  • High cost associated with aircraft gearbox is restraining the market.

  • Using turboprop engines in high altitude is expected to hamper the market during the forecast period.

  • Spalling, frosting, and manufacturing defects are projected to restrain the market during the forecast period.

  • Strict rules and regulations impede the market.

  • Increasing investments in R&D activities for introducing advanced gearboxes are creating opportunities in the aircraft gearbox market.

Scope of Aircraft Gearbox Market Report

The report on the global aircraft gearbox market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Aircraft Gearbox Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Gearbox (Accessory, Reduction, Actuation, Tail Rotor, Auxiliary Power Unit, and Others), Applications (Engine and Airframe), Aircraft Types (Civil Aircraft and Military Aircraft), Components (Gear, Housing, Bearing, Shafts, Covers, And Others), End-users (OEM and Aftermarket)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Liebherr, PBS Group, a.s., AERO GEAR, Aero Gearbox International, CEF Industries, LLC, Northstar Aerospace, and Triumph Group

Aircraft Gearbox Market Taxonomy

Global Aircraft Gearbox Market Segmentation Insights

Based on gearbox types, the aircraft gearbox market is divided into accessory, reduction, actuation, tail rotor, auxiliary power unit, and others. The gearbox types segment is expected to account for a significant share of the market during the forecast period.

Aircraft Gearbox Market Gearbox Types

On the basis of applications, the market is bifurcated into engine and airframe. The engine segment is projected to dominate the market during the forecast period. The engine gearbox supports the aircraft's engines to obtain high levels of thrust during takeoff and landing.

Aircraft Gearbox Market Applications

In terms of aircraft types, the aircraft gearbox market is segregated into civil aircraft and military aircraft. The civil aircraft segment is anticipated to dominate the market during the forecast period due to increasing air traffic, growing demand for new aircraft, and rising population.

Based on components, the market is divided into gear, housing, bearing, shafts, covers, and others. The components segment is projected to accounts for a significant share of the market during the forecast period. Increasing demand for lightweight aircraft components is propelling the market.

On the basis of end-users, the aircraft gearbox market is classified as OEM and aftermarket. The aftermarket segment is anticipated to dominate the market during the forecast period, owing to growing commercial air fleet.

In terms of regions, the global aircraft gearbox market is categorized as Europe, Latin America, North America, Asia Pacific, and Middle East & Africa. North America is projected to dominate the global market during the forecast period. The demand for aircraft gearbox is high in aviation and aerospace. The presence of major players, OEMs, and component manufacturers is a key factor that is expected to drive the market in North America. Modernization, R&D in advanced military aircraft platforms, and the presence of leading systems and component manufacturers are expected to increase the demand for aircraft gearboxes in North America during the forecast period.

Aircraft Gearbox Market Regions
 

Segments

By Gearbox Types

  • Accessory
  • Reduction
  • Actuation
  • Tail Rotor
  • Auxiliary Power Unit
  • Others

By Applications

  • Engine
  • Airframe

By Aircraft Types

  • Civil Aircraft
  • Military Aircraft

By Components

  • Gear
  • Housing
  • Bearing
  • Shafts
  • Covers
  • Others

By End-users

  • OEM
  • Aftermarket

By Regions

  • Europe
  • Asia Pacific
  • Latin America
  • North America
  • Middle East & Africa

By Key Players

  • Liebherr
  • PBS Group
  • AERO GEAR
  • Aero Gearbox International
  • CEF Industries, LLC
  • Northstar Aerospace
  • Triumph Group

Competitive Landscape

In the competitive environment, companies are adopting different strategies to capture the market and offer tough competition to their competitors. These companies are focusing on R&D activities, technological advancements, product launch, mergers & acquisitions, partnerships, and collaborations. Key players in the market include Liebherr, PBS Group, a.s., AERO GEAR, Aero Gearbox International, CEF Industries, LLC, Northstar Aerospace, and Triumph Group.

Aircraft Gearbox Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aircraft Gearbox Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Aircraft Gearbox Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Aircraft Gearbox Market - Supply Chain
  4.5. Global Aircraft Gearbox Market Forecast
     4.5.1. Aircraft Gearbox Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Aircraft Gearbox Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Aircraft Gearbox Market Absolute $ Opportunity
5. Global Aircraft Gearbox Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Aircraft Gearbox Market Size and Volume Forecast by Applications
     5.3.1. Engine
     5.3.2. Airframe
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Aircraft Gearbox Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Aircraft Gearbox Market Size and Volume Forecast by End Users
     6.3.1. OEM
     6.3.2. Aftermarket
     6.3.3.  
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Aircraft Gearbox Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Aircraft Gearbox Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Aircraft Gearbox Demand Share Forecast, 2019-2026
8. North America Aircraft Gearbox Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Aircraft Gearbox Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Aircraft Gearbox Market Size and Volume Forecast by Applications
     8.4.1. Engine
     8.4.2. Airframe
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Aircraft Gearbox Market Size and Volume Forecast by End Users
     8.7.1. OEM
     8.7.2. Aftermarket
     8.7.3.  
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Aircraft Gearbox Demand Share Forecast, 2019-2026
9. Latin America Aircraft Gearbox Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Aircraft Gearbox Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Aircraft Gearbox Market Size and Volume Forecast by Applications
     9.4.1. Engine
     9.4.2. Airframe
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Aircraft Gearbox Market Size and Volume Forecast by End Users
     9.7.1. OEM
     9.7.2. Aftermarket
     9.7.3.  
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Aircraft Gearbox Demand Share Forecast, 2019-2026
10. Europe Aircraft Gearbox Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Aircraft Gearbox Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Aircraft Gearbox Market Size and Volume Forecast by Applications
     10.4.1. Engine
     10.4.2. Airframe
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Aircraft Gearbox Market Size and Volume Forecast by End Users
     10.7.1. OEM
     10.7.2. Aftermarket
     10.7.3.  
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Aircraft Gearbox Demand Share Forecast, 2019-2026
11. Asia Pacific Aircraft Gearbox Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Aircraft Gearbox Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Aircraft Gearbox Market Size and Volume Forecast by Applications
     11.4.1. Engine
     11.4.2. Airframe
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Aircraft Gearbox Market Size and Volume Forecast by End Users
     11.7.1. OEM
     11.7.2. Aftermarket
     11.7.3.  
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Aircraft Gearbox Demand Share Forecast, 2019-2026
12. Middle East & Africa Aircraft Gearbox Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Aircraft Gearbox Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Aircraft Gearbox Market Size and Volume Forecast by Applications
     12.4.1. Engine
     12.4.2. Airframe
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Aircraft Gearbox Market Size and Volume Forecast by End Users
     12.7.1. OEM
     12.7.2. Aftermarket
     12.7.3.  
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Aircraft Gearbox Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Aircraft Gearbox Market: Market Share Analysis
  13.2. Aircraft Gearbox Distributors and Customers
  13.3. Aircraft Gearbox Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Liebherr
     13.4.2. PBS Group
     13.4.3. AERO GEAR
     13.4.4. Aero Gearbox International
     13.4.5. CEF Industries, LLC
     13.4.6. Northstar Aerospace
     13.4.7. Triumph Group

Methodology

Our Clients

Pfizer
sinopec
General Mills
Deloitte
Nestle SA
Honda Motor Co. Ltd.
Dassault Aviation
The John Holland Group