The Aircraft Gearbox Market Size was valued at USD 3.1 billion in 2023 and is expected to reach USD 5.32 billion by 2031 with a growing CAGR of 7.0% over the forecast period 2024-2031.
The gearbox is a transfer system used to change rotation speed. Many jet engines are equipped with accessory drive gearboxes that drive the required AC generators, electric pumps, oil pumps, and other accessories. If the engine has more than one compressor part, the gearbox is powered by single compressor drive shafts. The gearbox uses a lowering gear to reduce the shaft speed between the two engines. In turbofan, the fan-turned turbojet engine, part of the fan is much slower than half of the turbine. Therefore, the gearbox works to connect the shafts and reduce engine speed.
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MARKET DYNAMICS
KEY DRIVERS
lightweight gearboxes
Pure Power Geared Turbofan motors
Strict government regulations.
RESTRAINTS
Using turboprop engines at high altitudes
Surveillance & intelligence gathering
High altitudes causes
OPPORTUNITIES
Increased R&D.
Two rows of propellers.
Fuel savings.
CHALLENGES
High cost
Major challenges
Significant investment in R&D.
THE IMPACT OF COVID-19
Aircraft gearbox companies are facing temporary operational problems due to supply problems and a shortage of entry points due to the COVID-19 outbreak.
COVID-19 has forced governments to suspend all integration and production activities, including the aviation industry.
The total closure of several countries due to COVID-19 has had a direct impact on security agencies delaying the purchase of aircraft gearboxes from aircraft carrier suppliers.
The COVID-19 epidemic puts a lot of pressure on aircraft gear companies by increasing the cost of airplane equipment.
The aviation industry has seen a sharp decline in flight hours as a large number of international and domestic flights are canceled globally to prevent the spread of COVID-19.
IMPACT OF UKRAINE AND RUSSIA CRISIS:
Russia's invasion of Ukraine and air traffic controls pose significant challenges to international airlines as hundreds of airlines flying in Russia's airspace now have to choose alternatives, leading to increased operating costs due to increased fuel burning. The sector is facing a crisis as ATF prices also rise due to rising green prices.
Airlines are considering the impact as the international aviation map could be reprinted due to the Russian invasion of Ukraine. Ukraine has been banned from flights since February 24 after Russia stepped up its military development in the country. Following the Moscow invasion of Ukraine, the European Union, Canada closed its airline on Russian flights. The US has also banned Russian flights from American airspace
By Application
Engine
Airframe
By Type
Accessory
Reduction
Tail Rotor
Auxiliary Power Unit
Others
By Component
Gear
Housing
Others
By platform
Civil
military
By End User
OEM
Aftermarket
By Platform
Civil
Military
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REGIONAL ANALYSIS
The Aircraft gearbox market has been established in North America, Europe, Asia Pacific, and the rest of North America dominated the aircraft gearboxes market by 2023. speed, which dramatically increased demand for aircraft gears: The presence of key players, then GF Aerospace and Rexnord Corporations have been instrumental in boosting the growth of the North American aircraft gearbox market. The market in Europe is expected to grow slowly due to the presence of prominent CEM airlines such as Airbus SAS and Rolls Royce with technologies to enhance the market growth in the region. The market in the Asia Pacific region is expected to register the highest CAGR in the forecast period. Countries such as China and Japan are likely to continue to play a significant role in the region, while India, due to its rapid growth in the commercial aviation industry, is emerging as a fast-growing market. The Middle East has potential buyers such as Emirates, Qatar, Eshed and many other emerging airlines that are major players in making the global aviation gear market grow during the forecast period.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Liebherr, Safran, Triumph Group, Northstar Aerospace, CEF Industries, LLC, AERO GEARBOX INTERNATIONAL, AERO GEAR, SKF, GE Aviation, United Technologies, Avion Corporation & Other Players
Safran-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.1 Billion |
| Market Size by 2031 | US$ 5.32 Billion |
| CAGR | CAGR of 7% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Application (Engine, Airframe) • by Type (Reduction, Accessory, Actuation, Tail Rotor, APU) • by End User (OEM, Aftermarket) • by Platform (Civil, Military) • by Component (Gears, Housing, Bearing) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Liebherr, Safran, Triumph Group, Northstar Aerospace, CEF Industries, LLC, AERO GEARBOX INTERNATIONAL, AERO GEAR, SKF, GE Aviation, United Technologies, Avion Corporation |
| Key Drivers | • lightweight gearboxes • Pure Power Geared Turbofan motors |
| RESTRAINTS | • Using turboprop engines at high altitudes • Surveillance & intelligence gathering |
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are major five region cover in this report.
Investing more on geared turbofan engines and R&D in open-rotor engine configuration has been increased.
The gear component segment is dominant the Aircraft Gearbox Market.
Aircraft Gearbox Market Size was valued at USD 3.1 billion in 2023, and expected to reach USD 5.32 billion by 2031, and grow at a CAGR of 7.0% over the forecast period 2024-2031.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Aircraft Gearbox Market Segmentation, By Application
8.1 Engine
8.2 Airframe
9. Global Aircraft Gearbox Market Segmentation, By Type
9.1 Accessory
9.2 Reduction
9.3 Actuation
9.4 Tail Rotor
9.5 Auxiliary Power Unit
9.6 Others
10. Global Aircraft Gearbox Market Segmentation, By Component
10.1 Gear
10.2 Housing
10.3 Bearings
10.4 Others
11. Global Aircraft Gearbox Market Segmentation, By Platform
11.1 Civil
11.2 military
12. Global Aircraft Gearbox Market Segmentation, By end-user
12.1 OEM
12.2 Aftermarket
12.3 By Platform
12.4 Civil
12.5 Military
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 HITACHI LTD.
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 AB VOLVO
14.3 CATTERPILLAR INC.
14.4 CNH INDUSTRIAL N.V
14.5 DEERE AND COMPANY
14.6 DOOSAN INFRACOE CO.LTD
14.7 J C BAMFORD EXCAVATORS. LTD.
14.8 KOMATSU LTD.
14.9 Liebherr-international AG
14.10 XCMG GROUP
14.11 Other Players
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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