Market Research Report

Global Aircraft Gearbox Market Research Report: Forecast (2022-2027)

By Gearbox Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox), By Aircraft Type (Civil (Commercial, General Aviation),... Military (Fighter Jets, Military Helicopters, Transport Carriers)), By End-User (Aftermarket, OEM) By Application (Turbofan, Turboshaft, Turboprop, Piston Engine), By Component (Gear, Housing, Bearings) By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Countries (The US, Canada, Mexico, Brazil, Germany, Italy, France, The UK, Russia, Saudi Arabia, UAE, Qatar, China, India, Japan, Australia), By Company (Safran, Liebherr, United Technologies Corporation, Rexnord Aerospace, Triumph Group, PBS Velka Bites, CEF Industries, Aero Gear, Avion, Northstar Aerospace) Read more

  • Aerospace & Defense
  • Mar 2022
  • Pages 224
  • Report Format: PDF, Excel, PPT

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Market Definition

An aircraft gearbox is a transmission system placed along with shafts in an aircraft to change the rotational speed & drive different components of the engine. It plays a crucial role in attaining Revolutions Per Minute (rpm) at changing altitudes. With the growing aircraft production and constant technological developments, the demand for upgraded gearboxes across the aviation industry is escalating swiftly worldwide.

Market Insights

The Global Aircraft Gearbox Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the rapidly growing demand for aircraft to meet the burgeoning air traveling services worldwide and the growing need for lightweight components to reduce the overall aircraft weight & bring greater fuel efficiency & cost-effectiveness. It, in turn, is resulting in massive investments by governments of different countries around the world & leading players in several research & development initiatives to bring technologically advanced & lightweight components like gearboxes for aircraft. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 5.5%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, France, Russia
Asia-Pacific: China, India, Japan, South Korea
South America: Brazil, Argentina
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled Safran, Liebherr, United Technologies Corporation, Rexnord Aerospace, Triumph Group, PBS Velka Bites, CEF Industries, Aero Gear, Avion, Northstar Aerospace
Unit Denominations USD Million/Billion

 

Besides, with the advent of More Electric Aircraft (MEA), along with hy­brid-electric & turbo-electric architectures, the demand for high power density & efficient gearboxes is escalating swiftly and, consequently, driving the market. Moreover, benefits like reduced high rotational speed to suitable levels for the generators of lightweight gearboxes are also driving the market. 

Furthermore, the increasing inclination of most industries toward developing & procuring technologically advanced & upgraded gearboxes to attain greater efficiency in aircraft and the mounting focus on strengthening the aviation sector are other crucial aspects projected to boost the Global Aircraft Gearbox Market through 2027.

Impact of Covid-19 on the Global Aircraft Gearbox Market

The advent of Covid-19 in 2020 had a catastrophic effect on the aviation sector worldwide, where the Global Aircraft Gearbox Market was no exception. With the imposition of stringent movement restrictions & lockdowns by the governments of different countries to curb the spread of this dreadful disease, the leading players in the market witnessed several unprecedented challenges associated with the development, manufacturing, & distribution of the aircraft gearbox across the world.

Moreover, with travel bans, the aviation industry observed a severe decline in the number of air passengers & traffic amidst the crisis. It, in turn, resulted in reduced demand for aircraft & its components. Consequently, the production of gearboxes declined dramatically, which led to massive financial losses for the leading market players.


Aircraft Gearbox Market Size, Share, Trends, Analysis & Report

However, with the gradually reducing number of Covid-19 cases, restrictions were uplifted & business operations got recommenced. It allowed the leading players to recover from the financial losses, despite the aviation industry reducing its air traffic and maintaining norms associated with safety.

In the coming years, the aviation sector is anticipated to generate growth opportunities for the leading players in the market by augmenting the demand for gearbox replacements & installing new ones for efficient flight operations.

Market Segmentation

Based on Application:

  • Turbofan
  • Turboshaft
  • Turboprop
  • Piston Engine

Here, Turbofan is anticipated to become a prominent contributor to the Global Aircraft Gearbox Market growth and generate remunerative opportunities for the leading players during 2022-27. It owes principally to the swiftly expanding aviation industry, i.e., instigating commercial aircraft production while positively influencing the demand for turbofan engines and, consequently, gearboxes for them. The same aspect is also generating lucrative opportunities for companies to bring innovations in their offerings & cater to the rising demand for new generation Pure-Power Geared Turbofan (GTF) engines and stimulate the overall industry. For instance:

  • In September 2017, Rolls Royce announced the development of a Geared Turbofan aircraft engine called UltraFan, sourcing energy from a power engine gearbox. This invention is anticipated to bring greater fuel efficiency to aircraft and shall be available for commercial application by 2025. 

Besides, a geared turbofan can significantly reduce Nitrogen Oxides (NOx) emissions & micro-particulate pollution by mitigating fuel consumption, which is why more & more airlines are shifting to these engines and, in turn, boosting gearbox production & sales.

On the other hand, Turboprop engines are projected to create remunerative opportunities for the leading players operating in the Global Aircraft Gearbox Market in the nearer future. It owes to their capabilities to provide the jet thrust and drive the propeller simultaneously with an additional turbine they have. These abilities minimize disc loading & enhance the aircraft's overall energy efficiency, which is why several aircraft manufacturers are showing greater interest in procuring these engines. Moreover, benefits like cost effectiveness, less maintenance, & flexibility in take-off & landings, among others, are also promulgating the popularity of turboprop engines, which, in turn, shall subsequently boost the demand for gearboxes and fuel the overall market growth in the years ahead.

Based on Gearbox:

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

Here, Accessory Gearboxes are projected to exemplify the fastest market growth in the forecast years. It owes to surging commercial aircraft deliveries worldwide and continuous technological advancements in the gearbox system to enhance the aircraft's overall operational efficiency, i.e., necessitating the demand for accessory gearboxes to power hydraulic, pneumatic, & electrical systems in the aircraft engine. Besides, since these gearbox type further drives fuel pumps, oil pumps, & tachogenerators to boost engine performance, the deployment of accessory gearboxes are increasing swiftly and contributing to the overall industry expansion during the forecast period. 

On the other hand, reduction gearboxes are also witnessing a notable demand and contributing to the Global Aircraft Gearbox Market growth. , owing to the increasing demand for turboprop engines for the rapidly growing fleet size of military aircraft, i.e., instigating more and more production of reduction gearboxes to minimize the velocity of the input from the motor while enhancing the torque produced by the input. The military sector is increasingly procuring turboprops owing to their benefits, such as better fuel efficiency than jet engines for short to mid-range hauling, low operation cost, can be used on unimproved or short runways, and are cheaper than jet engines. Hence, the mounting requirement for turboprop engines in the military is positively impacting the demand for reduction gearboxes as they provide better efficiency to the propeller by reducing its RPM while generating more torque.

Regional Landscape

Geographically, the Global Aircraft Gearbox Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Amongst all regions globally, North America is anticipated to dominate the Aircraft Gearbox Market with the largest share during the forecast period, principally due to the region being a prominent producer of aircraft and playing a crucial role in augmenting the demand for components like gearboxes. In addition, the extensive presence & active participation of prominent gearbox suppliers, aircraft manufacturers, & OEMs are making North America a massive market for aircraft gearboxes and, in turn, displaying the growing establishment of several OEMs (Original Equipment Manufacturers) & Aftermarkets.

Across the region, the US is likely to remain the largest consumer of aircraft gearboxes during the forecast period, owing to the increasing government focus on strengthening its aviation industry & air force by procuring technologically advanced aircraft gearboxes.

Market Dynamics:

Key Driver: Increasing Investments in Developing Lightweight Aircraft Components

Substantial investments by OEMs in the research & development of lightweight gearboxes are being witnessed extensively across the prominent geographies of the Global Aircraft Gearbox Market to reduce the overall weight of the aircraft & make it more fuel-efficient. This fact is projected to generate lucrative growth opportunities for the leading players in the industry and, in turn, drive the market in the years to come.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Aircraft Gearbox Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Aircraft Gearbox Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Aircraft Gearbox Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Aircraft Gearbox Market study?

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Frequently Asked Questions

   A. The Global Aircraft Gearbox Market is projected to grow at a CAGR of around 5.5% during 2022-27.

   A. Turbofan Engines are anticipated to create remunerative opportunities for the leading players in the Global Aircraft Gearbox Market during 2022-27.

   A. Increasing investments by the leading players in the development of aircraft gearboxes entwined with growing procurement of these systems by governments of different countries worldwide to strengthen the aviation industry are the key growth opportunities projected to drive the Global Aircraft Gearbox Market in the coming years.

   A. In the coming years, the Global Aircraft Gearbox Market is expecting a steady growth rate and gradual recovery from the financial losses caused amidst the pandemic, principally due to the rapid research, development, & distribution of advanced aircraft gearboxes across different countries worldwide.

  1. Introduction
    1. Research Process
    2. Assumption
    3. Market Segmentation
    4. Market Definition
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Global Aircraft Gearbox Market Outlook, -
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Gearbox Type
        1. Accessory Gearbox
        2. Reduction Gearbox
        3. Actuation Gearbox
        4. Tail Rotor Gearbox
        5. Auxiliary Power Unit Gearbox
        6. Others
      2. By Aircraft Type
        1. Civil
          1. Commercial
          2. General Aviation
        2. Military
          1. Fighter Jets
          2. Military Helicopters
          3. Transport Carriers
      3. By End-User
        1. Aftermarket
        2. OEM
      4. By Application
        1. Turbofan
          1. Turboshaft
          2. Turboprop
          3. Piston Engine
      5. By Component
        1. Gear
        2. Housing
        3. Bearings
        4. Others
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      7. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in Markntel Quadrant
  5. North America Aircraft Gearbox Market Outlook, -
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Gearbox Type
      2. By Type
      3. By End-User
      4. By Application
      5. By Country
        1. US
        2. Canada
        3. Mexico
      6. The US Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      7. Canada Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      8. Mexico Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
  6. South America Aircraft Gearbox Market Outlook, -
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Gearbox Type
      2. By Aircraft Type
      3. By End User
      4. By Application
      5. By Component
      6. By Country
        1. Brazil
      7. Brazil Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
  7. Europe Aircraft Gearbox Market Outlook, -
    1. Market Size and Analysis
    2. Market Size and Analysis
      1. By Revenues
    3. Market Share and Analysis
      1. By Gearbox Type
      2. By Aircraft Type
      3. By End User
      4. By Application
      5. By Component
      6. By Country
        1. Germany
        2. Italy
        3. France
        4. UK
        5. Russia
      7. Germany Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
        3. By Gearbox Type
        4. By Aircraft Type
        5. By End User
        6. By Application
        7. By Component
      8. Italy Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      9. France Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      10. UK Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      11. Russia Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
  8. Middle East & Africa Aircraft Gearbox Market Outlook, -
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Gearbox Type
      2. By Aircraft Type
      3. By End User
      4. By Application
      5. By Component
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
      7. Saudi Arabia Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      8. UAE Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      9. Qatar Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
  9. Asia-Pacific Aircraft Gearbox Market Outlook, -
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Gearbox Type
      2. By Aircraft Type
      3. By End User
      4. By Application
      5. By Component
      6. By Country
        1. China
        2. India
        3. Japan
        4. Australia
      7. China Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      8. India Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      9. Japan Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
      10. Australia Aircraft Gearbox Market Outlook, -
        1. Market Size and Analysis
          1. By Revenues
        2. Market Share and Analysis
          1. By Gearbox Type
          2. By Aircraft Type
          3. By End User
          4. By Application
          5. By Component
  10. Global Aircraft Gearbox Market Policies, Regulations, Gearbox Type Standards
  11. Global Aircraft Gearbox Market Trends & Insights
  12. Global Aircraft Gearbox Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  13. Global Aircraft Gearbox Market Hotspot and Opportunities
  14. Global Aircraft Gearbox Market Key Strategic Imperatives for Success and Growth
  15. Competitive Outlook
    1. Competition Matrix
      1. Gearbox Type Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Gearbox Types
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Gearbox Type Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Safran
      2. Liebherr
      3. United Technologies Corporation
      4. Rexnord Aerospace
      5. Triumph Group
      6. PBS Velka Bites
      7. CEF Industries
      8. Aero Gear
      9. Avion
      10. Northstar Aerospace
  16. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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