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Aircraft Gearbox Market worth $4.59 billion by 2030, growing at a CAGR of 6.57% - Exclusive Report by 360iResearch

Aircraft Gearbox Market - Exclusive Report by 360iResearch

The Global Aircraft Gearbox Market to grow from USD 2.76 billion in 2022 to USD 4.59 billion by 2030, at a CAGR of 6.57%.

PUNE, MAHARASHTRA, INDIA , December 8, 2023 / -- The "Aircraft Gearbox Market by Aircraft Type (Civil Aviation, Military Aviation), Component (Bearings, Gears, Housings), Gearbox Type, Fit Analysis, Application, End User - Global Forecast 2023-2030" report has been added to's offering.

The Global Aircraft Gearbox Market to grow from USD 2.76 billion in 2022 to USD 4.59 billion by 2030, at a CAGR of 6.57%.

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Aircraft gearboxes are largely employed in the aviation industry for efficient power transmission, providing better control over flight operations, which directly influences the safety, performance, and efficiency of aircraft. The broader adoption of gearboxes across varying aircraft models, spanning from commercial airplanes to military drones, marks the expansive scope of the aircraft gearbox market. Increasing defense budgets of many countries with the incessant demand for new aircraft to meet increasing global air traffic is elevating the demand for aircraft gearboxes. Additionally, the expansion of the aviation industry in emerging economies is offering new growth opportunities. The introduction of new aircraft models, combined with the need to replace older technology in existing aircraft, is fueling market growth. High production costs and the continuous requirement for maintenance and inspection of aircraft gearboxes are hindering the growth of the aircraft gearbox market. Rising advancements and manufacturing of highly efficient and lightweight gearboxes by market vendors are expected to create opportunities for market growth.

Component: Increasing adoption of bearings to ensure easy operation with minimal friction
Bearings are undoubtedly pivotal, serving to handle the forces applied by gears to ensure smooth and easy operation with minimal friction. Their primary role revolves around facilitating the efficient rotation of the gears, thereby playing an essential part in the successful mitigation of wear and tear. High-quality bearings are often the choice of many, as they offer exceptional resistance to heat, excellent durability, and outstanding reliability. Gears are another indispensable component in an aircraft gearbox. These are literally the driving forces behind the conversion of engine power into thrust, which ultimately propels an aircraft. Different gear configurations serve a variety of aircraft designs, accommodating varying speed and torque requirements. Housings play a crucial role in protecting the inner workings of the gearbox, as they provide a sealed environment that safeguards the gears and bearings from harmful external influences, such as dust, moisture, and excessive heat. The materials used in the construction of gearboxes often have a significant bearing on performance.

Application: Growing application of aircraft gearbox in airframe for assisting in power management of components
The airframe directly reflects the aircraft's overall structural integrity and its efficiency of flight. The aircraft gearbox finds extensive application in the airframe by assisting in power management for various components such as control surfaces, landing gears, auxiliary power units (APUs), and more. Need-based preference for gearboxes in airframes majorly depends on factors including durability, strength, reliability, and efficiency. The engine section of an aircraft is the pivotal focal point where the aircraft gearbox finds critical application. The gearbox performs vital functions including regulating engine speed and translating power effectively to different engine components. The need-based preference for gearboxes in the Engine is influenced by factors such as fuel efficiency, power translation effectiveness, noise reduction, and longevity.

Aircraft Type: Growing usage of aircraft gearboxes in civil aviation for maintaining high-end performance
Civil aviation primarily includes airlines and charter flights. The need-based preference for civil aviation lies in maintaining high-end performance while guaranteeing flight safety. Military aviation, encompassing combat and transport aircraft, demands gearboxes capable of high performance in extreme conditions. The preference is for durability, adaptability, high-speed operation, and resistance to harsh environments.

Fit Analysis: Expanding preference for retrofit as it’s a relatively quick and lower-cost solution
Linefit relates to the installation of systems and components, including the aircraft gearbox, during the aircraft’s initial construction and assembly process. It is a common preference for manufacturers and airlines investing in new aircraft fleets, primarily because it promises seamless integration, minimizes operational disruptions and optimizes performance from the get-go. Retrofit, on the other hand, is the process of updating or upgrading an existing aircraft with new or modified components or systems. Retrofits become essential when there is a need to enhance the airplane’s operational efficiency, extend its lifespan, or comply with regulatory updates.

Gearbox Type: Rising preference for tail rotor gearboxes to handle high-pressure operations
Accessory gearboxes are used to drive aircraft accessories, such as pumps, generators, and fuel systems. They are preferred for their efficiency and durability. Actuation gearboxes are primarily utilized for aircraft control surfaces, playing a pivotal role in an aircraft's maneuverability. Their preference is driven by precision and reliability. APU gearboxes provide the necessary power to start the main engines and supply onboard electrical power while the aircraft is on the ground. Reduction gearboxes are essential for managing the speed of the propellers relative to the engine speed, making them critical for propeller-driven aircraft. Tail rotor gearboxes counteract the torque of the main rotor in helicopters and adjust the aircraft's heading. Their need-based preference hinges on their competency to handle high-pressure operations and their reliability.

End-user: Rising utilization of aircraft gearbox by the original equipment manufacturer to provide superior quality control aircraft
The aftermarket segment comprises end-users that apply parts, equipment, and accessories after the sale of the aircraft by the original equipment manufacturer (OEM). These include independent repair shops, franchised service centers, online sellers, and others who cater to the maintenance, repair, and overhauling markets. They mainly capitalize on the inevitable need for maintenance and replacement that occurs down the aircraft's lifecycle. The aftermarket providers source products from a broad range of manufacturers, thereby ensuring availability for various aircraft makes and models. The preference for aftermarket players is significant due to their competitive pricing as they often run discounts and promotions. They also tend to offer more personalized services and allow greater flexibility in part selection. Original equipment manufacturers are involved at the onset of aircraft creation. They are responsible for designing and manufacturing the initial aircraft gearbox to meet stringent airworthiness standards. The OEM sector often has a tighter grip on quality control, and higher manufacturing standards, and typically assures better fit and performance for the aircraft as they produce components intended explicitly for their models.

Regional Insights:
The aircraft gearbox market in the Americas represents a highly developing landscape due to an increasing focus on innovation, lightweight aircraft components, and environmental regulations that promote the development of advanced gearbox technologies. The presence of diverse regional airlines and a strong military sector further contributes to the market's significance in the global aviation industry. Increasing demand for air travel, defense modernization efforts, and the need for more fuel-efficient aircraft is expanding the market growth in EMEA. The EMEA aircraft gearbox market is expected to experience steady growth as aviation technology advances and the region's aerospace infrastructure continues to evolve. The Asia-Pacific region's expanding aviation sector, particularly in countries including China and India, is driving demand for aircraft gearboxes. This market benefits from factors such as increased air travel, defense investments, and a growing number of regional airlines. Key players in the APAC aircraft gearbox market include both domestic and international aerospace companies aiming to meet the rising demand for aircraft components and systems in the region.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Aircraft Gearbox Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Aircraft Gearbox Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Aircraft Gearbox Market, highlighting leading vendors and their innovative profiles. These include Aero Gear, Avion Technologies Inc., CEF Industries, LLC, GE AVIO S.r.l., JAMCO Corporation, Kawasaki Heavy Industries, Ltd., Liebherr Group, Lin Engineering, Inc., Meggitt PLC, Northstar Aerospace, PBS Group, a. s., Precipart Group Ltd., Raytheon Technologies Corporation, Regal Rexnord Corporation, Rolls-Royce PLC, Safran S.A., Textron Aviation Inc., The Boeing Company, Timken Company, Triumph Group, Inc., Walchandnagar Industries Limited, Woodward, Inc., and ZF Friedrichshafen AG.

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Market Segmentation & Coverage:

This research report categorizes the Aircraft Gearbox Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Aircraft Type, market is studied across Civil Aviation and Military Aviation. The Military Aviation is projected to witness significant market share during forecast period.

Based on Component, market is studied across Bearings, Gears, and Housings. The Housings is projected to witness significant market share during forecast period.

Based on Gearbox Type, market is studied across Accessory, Actuation, Auxiliary Power Unit, Reduction, and Tail Rotor. The Actuation is projected to witness significant market share during forecast period.

Based on Fit Analysis, market is studied across Linefit and Retrofit. The Retrofit is projected to witness significant market share during forecast period.

Based on Application, market is studied across Airframe and Engine. The Engine is projected to witness significant market share during forecast period.

Based on End User, market is studied across Aftermarket and Original Equipment Manufacturer. The Aftermarket is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.32% in 2022, followed by Americas.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Aircraft Gearbox Market, by Aircraft Type
7. Aircraft Gearbox Market, by Component
8. Aircraft Gearbox Market, by Gearbox Type
9. Aircraft Gearbox Market, by Fit Analysis
10. Aircraft Gearbox Market, by Application
11. Aircraft Gearbox Market, by End User
12. Americas Aircraft Gearbox Market
13. Asia-Pacific Aircraft Gearbox Market
14. Europe, Middle East & Africa Aircraft Gearbox Market
15. Competitive Landscape
16. Competitive Portfolio
17. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Aircraft Gearbox Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Aircraft Gearbox Market?
3. What is the competitive strategic window for opportunities in the Aircraft Gearbox Market?
4. What are the technology trends and regulatory frameworks in the Aircraft Gearbox Market?
5. What is the market share of the leading vendors in the Aircraft Gearbox Market?
6. What modes and strategic moves are considered suitable for entering the Aircraft Gearbox Market?

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Mr. Ketan Rohom
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