Global Aircraft Gearbox

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 Aircraft (General Aviation Aircraft, Commercial Pas Read more

  • Aerospace & Defense
  • Mar 2022
  • 224
  • AD77002

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: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 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.

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:

  • Engine (Turbofan, Turboshaft, Turboprop, Piston Engine)
  • Airframe

Of both applications, Engines are projected to display the fastest growth in the Global Aircraft Gearbox Market in the coming years. It attributes principally to the growing need for robust gearboxes for the aircraft engine to reduce the output Revolutions per Minute (rpm) from the higher input coming from the power plant. Since the engine is an integral component of the aircraft, the application of the gearbox provides thrust using a combination of jet core efflux & bypass air to the aircraft engine.

It, in turn, enables the aircraft to have suitable energy for a safe take-off & landing. Hence, the demand for gearbox for engines is expected to accelerate and generate growth opportunities for the leading players to bring innovations & development to systems & boost the global market during the forecast period.

Based on End-Users:

  • OEM
  • Aftermarket

Here, OEMs are expected to dominate the Global Aircraft Gearbox Market in the coming years, mainly due to the rapidly surging aircraft deliveries. On the other hand, the Aftermarket segment is expected to witness a significant growth rate during 2022-27, owing to an increased need for upgrading outdated aircraft components with new & more advanced ones.

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?

Frequently Asked Questions

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

A. Engines are anticipated to emerge as an area of 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

1.1.   Research Process

1.2.   Assumption

1.3.   Market Segmentation

1.4.   Market Definition

2.     Executive Summary

3.     Expert Verbatim- What our Experts Say?

4.     Global Aircraft Gearbox Market Outlook, 2017-2027

4.1.   Market Size and Analysis

4.1.1. By Revenues

4.2.   Market Share and Analysis

4.2.1. By Gearbox Type

4.2.1.1.  Accessory Gearbox

4.2.1.2.  Reduction Gearbox

4.2.1.3.  Actuation Gearbox

4.2.1.4.  Tail Rotor Gearbox

4.2.1.5.  Auxiliary Power Unit Gearbox

4.2.1.6.  Others

4.2.2. By Aircraft Type

4.2.2.1.  Civil Aircraft

4.2.2.1.1.    General Aviation Aircraft

4.2.2.1.2.    Commercial Passengers

4.2.2.1.3.    Civil helicopters

4.2.2.2.  Military Aircraft

4.2.2.2.1.    Fighter Jets

4.2.2.2.2.    Military Helicopters

4.2.2.2.3.    Transport Carriers

4.2.3. By End User

4.2.3.1.  Aftermarket

4.2.3.2.  OEM

4.2.4. By Application

4.2.4.1.  Engine

4.2.4.1.1.    Turbofan

4.2.4.1.2.    Turboshaft

4.2.4.1.3.    Turboprop

4.2.4.1.4.    Piston Engine

4.2.4.2.  Airframe

4.2.5. By Component

4.2.5.1.  Gear

4.2.5.2.  Housing

4.2.5.3.  Bearings

4.2.5.4.  Others

4.2.6. By Region

4.2.6.1.  North America

4.2.6.2.  South America

4.2.6.3.  Europe

4.2.6.4.  Middle East & Africa

4.2.6.5.  Asia-Pacific

4.2.7. By Company

4.2.7.1.  Revenue Shares

4.2.7.2.  Strategic Factorial Indexing

4.2.7.3.  Competitor Placement in Markntel Quadrant

5.     North America Aircraft Gearbox Market Outlook, 2017- 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

5.2.5.1.  US

5.2.5.2.  Canada

5.2.5.3.  Mexico

5.3.   The US Aircraft Gearbox Market Outlook, 2017-2027

5.3.1. Market Size and Analysis

5.3.1.1.  By Revenues

5.3.2. Market Share and Analysis

5.3.2.1.  By Gearbox Type

5.3.2.2.  By Aircraft Type

5.3.2.3.  By End User

5.3.2.4.  By Application

5.3.2.5.  By Component

5.4.   Canada Aircraft Gearbox Market Outlook, 2017-2027

5.4.1. Market Size and Analysis

5.4.1.1.  By Revenues

5.4.2. Market Share and Analysis

5.4.2.1.  By Gearbox Type

5.4.2.2.  By Aircraft Type

5.4.2.3.  By End User

5.4.2.4.  By Application

5.4.2.5.  By Component

5.5.   Mexico Aircraft Gearbox Market Outlook, 2017-2027

5.5.1. Market Size and Analysis

5.5.1.1.  By Revenues

5.5.2. Market Share and Analysis

5.5.2.1.  By Gearbox Type

5.5.2.2.  By Aircraft Type

5.5.2.3.  By End User

5.5.2.4.  By Application

5.5.2.5.  By Component

6.     South America Aircraft Gearbox Market Outlook, 2017- 2027

6.1.   Market Size and Analysis

6.1.1. By Revenues

6.2.   Market Share and Analysis

6.2.1. By Gearbox Type

6.2.2. By Aircraft Type

6.2.3. By End User

6.2.4. By Application

6.2.5. By Component

6.2.6. By Country

6.2.6.1.  Brazil

6.3.   Brazil Aircraft Gearbox Market Outlook, 2017-2027

6.3.1. Market Size and Analysis

6.3.1.1.  By Revenues

6.3.2. Market Share and Analysis

6.3.2.1.  By Gearbox Type

6.3.2.2.  By Aircraft Type

6.3.2.3.  By End User

6.3.2.4.  By Application

6.3.2.5.  By Component

7.     Europe Aircraft Gearbox Market Outlook, 2017- 2027

7.1.   Market Size and Analysis

7.2.   Market Size and Analysis

7.2.1. By Revenues

7.3.   Market Share and Analysis

7.3.1. By Gearbox Type

7.3.2. By Aircraft Type

7.3.3. By End User

7.3.4. By Application

7.3.5. By Component

7.3.6. By Country

7.3.6.1.  Germany

7.3.6.2.  Italy

7.3.6.3.  France

7.3.6.4.  UK

7.3.6.5.  Russia

7.4.   Germany Aircraft Gearbox Market Outlook, 2017-2027

7.4.1. Market Size and Analysis

7.4.1.1.  By Revenues

7.4.2. Market Share and Analysis

7.4.3. By Gearbox Type

7.4.4. By Aircraft Type

7.4.5. By End User

7.4.6. By Application

7.4.7. By Component

7.5.   Italy Aircraft Gearbox Market Outlook, 2017-2027

7.5.1. Market Size and Analysis

7.5.1.1.  By Revenues

7.5.2. Market Share and Analysis

7.5.2.1.  By Gearbox Type

7.5.2.2.  By Aircraft Type

7.5.2.3.  By End User

7.5.2.4.  By Application

7.5.2.5.  By Component

7.6.   France Aircraft Gearbox Market Outlook, 2017-2027

7.6.1. Market Size and Analysis

7.6.1.1.  By Revenues

7.6.2. Market Share and Analysis

7.6.2.1.  By Gearbox Type

7.6.2.2.  By Aircraft Type

7.6.2.3.  By End User

7.6.2.4.  By Application

7.6.2.5.  By Component

7.7.   UK Aircraft Gearbox Market Outlook, 2017-2027

7.7.1. Market Size and Analysis

7.7.1.1.  By Revenues

7.7.2. Market Share and Analysis

7.7.2.1.  By Gearbox Type

7.7.2.2.  By Aircraft Type

7.7.2.3.  By End User

7.7.2.4.  By Application

7.7.2.5.  By Component

7.8.   Russia Aircraft Gearbox Market Outlook, 2017-2027

7.8.1. Market Size and Analysis

7.8.1.1.  By Revenues

7.8.2. Market Share and Analysis

7.8.2.1.  By Gearbox Type

7.8.2.2.  By Aircraft Type

7.8.2.3.  By End User

7.8.2.4.  By Application

7.8.2.5.  By Component

8.     Middle East & Africa Aircraft Gearbox Market Outlook, 2017- 2027

8.1.   Market Size and Analysis

8.1.1. By Revenues

8.2.   Market Share and Analysis

8.2.1. By Gearbox Type

8.2.2. By Aircraft Type

8.2.3. By End User

8.2.4. By Application

8.2.5. By Component

8.2.6. By Country

8.2.6.1.  Saudi Arabia

8.2.6.2.  UAE

8.2.6.3.  Qatar

8.3.   Saudi Arabia Aircraft Gearbox Market Outlook, 2017-2027

8.3.1. Market Size and Analysis

8.3.1.1.  By Revenues

8.3.2. Market Share and Analysis

8.3.2.1.  By Gearbox Type

8.3.2.2.  By Aircraft Type

8.3.2.3.  By End User

8.3.2.4.  By Application

8.3.2.5.  By Component

8.4.   UAE Aircraft Gearbox Market Outlook, 2017-2027

8.4.1. Market Size and Analysis

8.4.1.1.  By Revenues

8.4.2. Market Share and Analysis

8.4.2.1.  By Gearbox Type

8.4.2.2.  By Aircraft Type

8.4.2.3.  By End User

8.4.2.4.  By Application

8.4.2.5.  By Component

8.5.   Qatar Aircraft Gearbox Market Outlook, 2017-2027

8.5.1. Market Size and Analysis

8.5.1.1.  By Revenues

8.5.2. Market Share and Analysis

8.5.2.1.  By Gearbox Type

8.5.2.2.  By Aircraft Type

8.5.2.3.  By End User

8.5.2.4.  By Application

8.5.2.5.  By Component

9.     Asia-Pacific Aircraft Gearbox Market Outlook, 2017- 2027

9.1.   Market Size and Analysis

9.1.1. By Revenues

9.2.   Market Share and Analysis

9.2.1. By Gearbox Type

9.2.2. By Aircraft Type

9.2.3. By End User

9.2.4. By Application

9.2.5. By Component

9.2.6. By Country

9.2.6.1.  China

9.2.6.2.  India

9.2.6.3.  Japan

9.2.6.4.  Australia

9.3.   China Aircraft Gearbox Market Outlook, 2017-2027

9.3.1. Market Size and Analysis

9.3.1.1.  By Revenues

9.3.2. Market Share and Analysis

9.3.2.1.  By Gearbox Type

9.3.2.2.  By Aircraft Type

9.3.2.3.  By End User

9.3.2.4.  By Application

9.3.2.5.  By Component

9.4.   India Aircraft Gearbox Market Outlook, 2017-2027

9.4.1. Market Size and Analysis

9.4.1.1.  By Revenues

9.4.2. Market Share and Analysis

9.4.2.1.  By Gearbox Type

9.4.2.2.  By Aircraft Type

9.4.2.3.  By End User

9.4.2.4.  By Application

9.4.2.5.  By Component

9.5.   Japan Aircraft Gearbox Market Outlook, 2017-2027

9.5.1. Market Size and Analysis

9.5.1.1.  By Revenues

9.5.2. Market Share and Analysis

9.5.2.1.  By Gearbox Type

9.5.2.2.  By Aircraft Type

9.5.2.3.  By End User

9.5.2.4.  By Application

9.5.2.5.  By Component

9.6.   Australia Aircraft Gearbox Market Outlook, 2017-2027

9.6.1. Market Size and Analysis

9.6.1.1.  By Revenues

9.6.2. Market Share and Analysis

9.6.2.1.  By Gearbox Type

9.6.2.2.  By Aircraft Type

9.6.2.3.  By End User

9.6.2.4.  By Application

9.6.2.5.  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

12.1.Growth Drivers

12.2.Challenges

12.3.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

15.1.Competition Matrix

15.1.1.   Gearbox Type Portfolio

15.1.2.   Brand Specialization

15.1.3.   Target Markets

15.1.4.   Target Gearbox Types

15.1.5.   Research & Development

15.1.6.   Strategic Alliances

15.1.7.   Strategic Initiatives

15.2.Company Profiles (Business Description, Gearbox Type Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)

15.2.1.  Safran

15.2.2.  Liebherr

15.2.3.  United Technologies Corporation

15.2.4.  Rexnord Aerospace

15.2.5.  Triumph Group

15.2.6.  PBS Velka Bites

15.2.7.  CEF Industries

15.2.8.  Aero Gear

15.2.9.  Avion

15.2.10.   Northstar Aerospace

16.  Disclaimer

Global Aircraft Gearbox Market Segmentation