By Gearbox Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox, Others), By Aircraft Type (Civil Aircraft, Military Aircraft), By End User (Aftermarket, OEM), By Application (Engine, Airframe), By Component (Gear, Housing, Bearings, Others), By Region (North America, South America, Europe, Middle East and Africa, Asia-Pacific), By Country (US, Canada, Mexico, Brazil, Germany, Italy, France, UK, Russia, Saudi-Arabia, UAE, Qatar, China, India, Japan, Australia), By Company
Aerospace & Defense
The aircraft gearbox is a key component of the transmission system used along with the shafts to control the rotational speed of the aircraft. The technological upgradations in the aircraft functioning and components such as energy-efficient engines, lightweight air components have been fuelling the market growth. Moreover, the rising demand for Pure–Power Geared Turbofan (GFT) engines is anticipated to bring favorable results for the Aircraft Gearbox Market in the years to come.
According to MarkNtel Advisors’ research report titled “Global Aircraft Gearbox Market Analysis, 2020”, the Global Aircraft Gearbox market is anticipated to grow at a CAGR of around 5.5% during 2020-25, owing to the increasing procurement of military and commercial aircraft, in emerging countries viz., India and China, offering lucrative growth opportunities to the aviation gearbox market from the untapped segments.
The increasing public and private spending with regard to boosting the military and commercial aviation sector, in addition to the rising demand for unmanned aerial vehicles and advancing automation in the aviation sector are some of the driving forces for the Aircraft Gearbox market.
On the basis of application segmentation, the engine segment is expected to lead the global Aircraft Gearbox market till 2025. Engine gearbox supports the aircraft engines to achieve high thrust during take-off and landing phases.
Commercial Aircraft is Expected to Contribute the Largest Revenue Share
Based on the aircraft type, the commercial segment held the largest market share in 2019, as stated in the MarkNtel Advisors’ research report on “Global Aircraft Gearbox Market Analysis, 2020”. The market size of the commercial aircraft segment is further anticipated to mark the highest CAGR growth rate during the forecast period. In the recent past, the aircraft fleet size and the passenger traffic has grown at a significant rate, owing to the improvement in the overall living standards and per capita disposable income of the population in the Middle-East and the Asia-Pacific regions.
According to Airbus analysis, the aviation traffic in the Middle East region is projected to witness the noticeable growth of 5.6%, whereas, the Asia-Pacific region is expected to grow at a CAGR of 5.4% during 2018-2034.
According to MarkNtel Advisors, some the of key competitors operating in the Global Aircraft Gearbox market includes Safran, Liebherr, United Technologies Corporation, Rexnord Aerospace, Triumph Group, PBS Velka Bites, CEF Industries, and Aero Gear.
1.1. Research Process
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Aircraft Gearbox Market Outlook, 2015-2025F
4.1. Market Size and Analysis
4.1.1. By Revenues
4.2. Market Share and Analysis
4.2.1. By Gearbox Type
126.96.36.199. Accessory Gearbox
188.8.131.52. Reduction Gearbox
184.108.40.206. Actuation Gearbox
220.127.116.11. Tail Rotor Gearbox
18.104.22.168. Auxiliary Power Unit Gearbox
4.2.2. By Aircraft Type
22.214.171.124. Civil Aircraft
126.96.36.199.1. General Aviation Aircraft
188.8.131.52.2. Commercial Passengers
184.108.40.206.3. Civil helicopters
220.127.116.11. Military Aircraft
18.104.22.168.1. Fighter Jets
22.214.171.124.2. Military Helicopters
126.96.36.199.3. Transport Carriers
4.2.3. By End User
4.2.4. By Application
188.8.131.52.4. Piston Engine
4.2.5. By Component
4.2.6. By Region
184.108.40.206. North America
220.127.116.11. South America
18.104.22.168. Middle East & Africa
4.2.7. By Company
22.214.171.124. Revenue Shares
126.96.36.199. Strategic Factorial Indexing
188.8.131.52. Competitor Placement in Markntel Quadrant
5. North America Aircraft Gearbox Market Outlook, 2015- 2025
5.1. Market Size and Analysis
5.1.1. By Revenues
5.2. Market Share and Analysis
5.2.1. By Gearbox Type
5.2.2. By Type
5.2.3. By End User
5.2.4. By Application
5.2.5. By Country
5.3. The US Aircraft Gearbox Market Outlook, 2015-2025F