Global Aircraft Gearbox Market Size study, by Application, by Component, by End Use, by Sales Channel, and Regional Forecasts 2024-2032

Description

The global Aircraft Gearbox Market was valued at approximately USD 3.48 billion in 2023 and is expected to grow at a healthy CAGR of 6.5% during the forecast period from 2024 to 2032. Aircraft gearboxes are critical mechanical systems designed to transmit power from the engine to various aircraft components such as propellers, rotors, or generators. These gearboxes are essential for reducing the high rotational speeds of engines to levels suitable for optimal operation of these components, thereby ensuring enhanced efficiency and performance in both fixed-wing and rotary-wing aircraft. The demand for reliable and precision-engineered gearboxes is driven by the need for optimal thrust and fuel efficiency, which are critical in the highly competitive aerospace industry.

The growth of the Aircraft Gearbox Market is primarily propelled by the increasing air traffic and the consequent expansion of aircraft fleets globally. As disposable incomes rise and urbanization trends continue, there is a significant surge in air travel, prompting airlines to expand their fleets. This expansion drives the demand for aircraft gearboxes, as they are vital components in ensuring efficient power transmission and overall aircraft performance. Additionally, the ongoing technological advancements in gearbox design, including the use of lightweight and durable materials like composite materials and high-strength alloys, are enhancing gearbox performance, reducing overall aircraft weight, and improving fuel efficiency, thereby further fueling market growth. Moreover, the industry is witnessing a growing focus on fuel efficiency and adherence to environmental regulations, which is also boosting the demand for advanced aircraft gearboxes. These gearboxes play a crucial role in optimizing engine performance, leading to reduced fuel consumption and lower emissions. As the aviation industry continues to prioritize sustainability, the demand for innovative and efficient gearbox solutions is expected to increase, contributing to the overall market expansion.

Regionally, Asia Pacific is anticipated to hold a significant share of the global Aircraft Gearbox Market, driven by the rapid expansion of the aviation sector, increasing military spending, and the growing demand for commercial and military aircraft in the region. North America and Europe are also expected to witness substantial growth, supported by the presence of major aerospace manufacturers and ongoing advancements in aircraft technologies.

Major market players included in this report are:

AB Volvo
Lockheed Martin
Daimler AG
Navistar Defense
Iveco S.p.A.
General Dynamics Land Systems
Mitsubishi Heavy Industries, Ltd.
Oshkosh Corporation
Mahindra Emirates Vehicle Armouring
Renault Trucks Defense

The detailed segments and sub-segment of the market are explained below:

By Application:

Engine
Airframe

By Component:

Gear
Housing
Bearing
Others

By End Use:

Commercial Aircraft
Military Aircraft
Helicopters

By Sales Channel:

OEM
Aftermarket

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Aircraft Gearbox Market Executive Summary

1.1. Global Aircraft Gearbox Market Size & Forecast (2024-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Component
- 1.3.3. By End Use
- 1.3.4. By Sales Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Aircraft Gearbox Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Aircraft Gearbox Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Air Traffic and Fleet Expansion
- 3.1.2. Technological Advancements in Gearbox Design
- 3.1.3. Focus on Fuel Efficiency and Environmental Regulations
3.2. Market Challenges
- 3.2.1. High Costs and Complexity of Gearbox Maintenance
3.3. Market Opportunities
- 3.3.1. Rising Demand for Unmanned Aerial Vehicles (UAVs)
- 3.3.2. Emergence of Electric and Hybrid Aircraft

Chapter 4. Global Aircraft Gearbox Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Aircraft Gearbox Market Size & Forecasts by Application 2024-2032

5.1. Segment Dashboard
5.2. Global Aircraft Gearbox Market: Application Revenue Trend Analysis, 2024 & 2032 (USD Billion)
- 5.2.1. Engine
- 5.2.2. Airframe

Chapter 6. Global Aircraft Gearbox Market Size & Forecasts by Component 2024-2032

6.1. Segment Dashboard
6.2. Global Aircraft Gearbox Market: Component Revenue Trend Analysis, 2024 & 2032 (USD Billion)
- 6.2.1. Gear
- 6.2.2. Housing
- 6.2.3. Bearing
- 6.2.4. Others

Chapter 7. Global Aircraft Gearbox Market Size & Forecasts by End Use 2024-2032

7.1. Segment Dashboard
7.2. Global Aircraft Gearbox Market: End Use Revenue Trend Analysis, 2024 & 2032 (USD Billion)
- 7.2.1. Commercial Aircraft
- 7.2.2. Military Aircraft
- 7.2.3. Helicopters

Chapter 8. Global Aircraft Gearbox Market Size & Forecasts by Sales Channel 2024-2032

8.1. Segment Dashboard
8.2. Global Aircraft Gearbox Market: Sales Channel Revenue Trend Analysis, 2024 & 2032 (USD Billion)
- 8.2.1. OEM
- 8.2.2. Aftermarket

Chapter 9. Global Aircraft Gearbox Market Size & Forecasts by Region 2024-2032

9.1. North America Aircraft Gearbox Market
- 9.1.1. U.S. Aircraft Gearbox Market
  - 9.1.1.1. Application breakdown size & forecasts, 2024-2032
  - 9.1.1.2. Component breakdown size & forecasts, 2024-2032
- 9.1.2. Canada Aircraft Gearbox Market
9.2. Europe Aircraft Gearbox Market
- 9.2.1. UK Aircraft Gearbox Market
- 9.2.2. Germany Aircraft Gearbox Market
- 9.2.3. France Aircraft Gearbox Market
- 9.2.4. Spain Aircraft Gearbox Market
- 9.2.5. Italy Aircraft Gearbox Market
- 9.2.6. Rest of Europe Aircraft Gearbox Market
9.3. Asia-Pacific Aircraft Gearbox Market
- 9.3.1. China Aircraft Gearbox Market
- 9.3.2. India Aircraft Gearbox Market
- 9.3.3. Japan Aircraft Gearbox Market
- 9.3.4. Australia Aircraft Gearbox Market
- 9.3.5. South Korea Aircraft Gearbox Market
- 9.3.6. Rest of Asia Pacific Aircraft Gearbox Market
9.4. Latin America Aircraft Gearbox Market
- 9.4.1. Brazil Aircraft Gearbox Market
- 9.4.2. Mexico Aircraft Gearbox Market
- 9.4.3. Rest of Latin America Aircraft Gearbox Market
9.5. Middle East & Africa Aircraft Gearbox Market
- 9.5.1. Saudi Arabia Aircraft Gearbox Market
- 9.5.2. South Africa Aircraft Gearbox Market
- 9.5.3. Rest of Middle East & Africa Aircraft Gearbox Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. AB Volvo
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Lockheed Martin
- 10.3.3. Daimler AG
- 10.3.4. Navistar Defense
- 10.3.5. Iveco S.p.A.
- 10.3.6. General Dynamics Land Systems
- 10.3.7. Mitsubishi Heavy Industries, Ltd.
- 10.3.8. Oshkosh Corporation
- 10.3.9. Mahindra Emirates Vehicle Armouring
- 10.3.10. Renault Trucks Defense

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes