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.
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:
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:
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:
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:
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:
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
1.1. 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
4.2.2.1.1. Commercial
4.2.2.1.2. General Aviation
4.2.2.2. Military
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. Turbofan
4.2.4.1. Turboshaft
4.2.4.1. Turboprop
4.2.4.1. Piston Engine
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
