The global aircraft gearbox market revenue was around US$ 3.17 billion in 2023 and is estimated to reach US$ 5.58 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2024 to 2032.
The aircraft gearbox is a transmission system that is utilized to achieve various Revolutions per minute (Rpm) at distinct altitudes for every engine. It is equipped with a gearbox which in turn drives several components like fuel pumps, hydraulic pumps, and other accessories.
Market Driving Factors
The increasing demand for lightweight aircraft components is a main driver for the market growth. This is because it stimulates the requirement for creative gearbox solutions that contribute to the overall weight decline in aircraft. This demand is mainly influenced by the aviation industry's continued efforts to improve fuel efficiency and decrease operational prices, prompting manufacturers to prioritize the lightweight gearbox systems development that can effectively help the overall weight-saving initiatives.
The introduction of new aircraft models and fuel-efficient engines is estimated to drive the market growth. This is because aircraft manufacturers and airlines are collaborating closely to surge in fuel economy by adopting innovative technologies, and materials, utilizing lighter materials, and optimizing aerodynamics. This will reduce emissions and fuel consumption. For instance, companies operating within the aircraft gearbox market such as NASA and Pratt & Whitney among others are making significant investments in research and development to enhance the operational efficiency of an aircraft gearbox. As a result, the "double-bubble" D8 design experiment, which involves engines shifting from under the wings to the top of the plane towards the tail, includes Pratt & Whitney. This would especially raise fuel economy while decreasing noise and drag.
Serious problems from frosting, spalling, and manufacturing faults hamper the market growth. This is owing to the compromise in the performance, reliability, and security of gearbox systems. Spalling, the flaking of gear material, and frosting, the appearance of ice on essential components, can lead to a surge in tear and wear, decreased efficiency, and potential operational losses, necessitating frequent repair and maintenance.
Regional Analysis
Asia-Pacific is predicted to dominate the market in terms of the largest shares. This is mainly owing to its dynamic aviation sector. The region experiences strong growth in military and commercial aviation, boosted by expanding economies, the surge in passenger traffic, and defense investments. As a result, fleet expansion and aircraft procurement are on the rise, necessitating a more significant demand for aircraft gearboxes. Furthermore, this region is emerging as a manufacturing hub for aircraft and components, combined with an increasing concentration on technological advances which is a main factor for the market growth.
Segmentation Insights
In terms of sales channel, the OEM segment is estimated to dominate the market in terms of the largest shares. This is owing to its concentration on technological advances, provision of integrated solutions tailored to distinct aircraft models, and robust industry connections with aircraft manufacturers and airlines. These elements collectively contribute to the OEMs' reputation for offering high-quality products that fulfill the strict needs of modern aircraft, encouraging trust and reliability within the aviation industry. Such factors are estimated to boost the market growth.
Prominent Companies
Segmentation Outline
The global aircraft gearbox market segmentation focuses on the Application, Component, End Use, Sales Channel, and Region.
By Application
By Component
By End Use
By Sales Channel
By Region
[ TABLE OF CONTENT ]
1 INTRODUCTION OF GLOBAL AIRCRAFT GEARBOX MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: AIRCRAFT GEARBOX MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL AIRCRAFT GEARBOX MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL AIRCRAFT GEARBOX MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 ENGINE
5.2.1 APPLICATION
5.2.1.1 PISTON AND TURBOPROP ENGINE
5.2.1.2 TURBOJET ENGINE
5.2.1.3 TURBOSHAFT ENGINE
5.2.1.4 TURBOFAN ENGINE
5.3 AIRFRAME
6 GLOBAL AIRCRAFT GEARBOX MARKET, BY COMPONENT
6.1 OVERVIEW
6.2 GEAR
6.3 HOUSING
6.4 BEARING
6.5 OTHERS
7 GLOBAL AIRCRAFT GEARBOX MARKET, BY END USE
7.1 OVERVIEW
7.2 COMMERCIAL AIRCRAFT
7.2.1 NARROW BODY
7.2.1 WIDE BODY
7.2.1 REGIONAL AND BUSINESS JET
7.2.1 FREIGHTER AIRCRAFT
7.3 MILITARY AIRCRAFT
7.3.1 COMBAT AIRCRAFT
7.3.1 SPECIAL MISSION AIRCRAFT
7.3.1 TANKER AND TRANSPORT
7.3.1 TRAINING AIRCRAFT
7.4 HELICOPTERS
8 GLOBAL AIRCRAFT GEARBOX MARKET, BY SALES CHANNEL
8.1 OVERVIEW
8.2 OEM
8.3 AFTERMARKET
9 GLOBAL AIRCRAFT GEARBOX MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL AIRCRAFT GEARBOX MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 ROLLS-ROYCE PLC
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 PBS GROUP
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 SAFRAN
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 NORTHSTAR AEROSPACE
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 REGAL REXNORD
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 AVION TECHNOLOGIES INC
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 GENERAL ELECTRIC
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8 AERO GEAR
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 BOEING
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 TRIUMPH GROUP
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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