Aircraft Gearbox Market - By Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox, Others), By Component, By Application, By End-use, By Distribution Channel & Forecast, 2024

Description

Global Aircraft Gearbox Market will exhibit over 6.5% CAGR from 2024 to 2032, driven by increasing demand for efficient & reliable aircraft systems across commercial and defense sectors. There is a heightened need for advanced aircraft components to support the increased number of flights and military operations. This growth is catapulted by rising passenger volumes, new aircraft programs, and modernization of existing fleets. For instance, in December 2023, Honeywell launched Project OperA, funded by the EU's SESAR 3 Joint Undertaking. This initiative, based at Honeywell's Brno development center, aims to advance air mobility by integrating autonomous flight technologies and optimizing operations for air taxis and uncrewed cargo in Europe.

Technological innovations, including the development of lightweight and high-strength materials, are driving improvements in gearbox efficiency and durability. Additionally, the rising focus on aircraft maintenance, repair, and overhaul (MRO) services, along with the growing trend towards the development of next-generation aircraft, including electric and hybrid models, is further stimulating the market.

The aircraft gearbox market is segmented based on type, component, application, end-use, distribution channel, and region.

The reduction gearbox segment will record a remarkable CAGR during the forecast period, attributed to their role in optimizing engine performance and enhancing operational efficiency. These gearboxes are crucial for adjusting engine speed to match the optimal propeller or rotor speed, ensuring better fuel efficiency and smoother flight operations. As aircraft manufacturers focus on improving fuel economy and performance, the need for sophisticated reduction gearboxes is rising. Additionally, advancements in aerospace technology and the drive for more reliable and durable components contribute to the rising preference for these gearboxes.

The housing segment will hold a prominent aircraft gearbox market share by 2032, owing to its role in supporting the internal components of gearbox. These housings are designed to withstand extreme operational conditions, such as high temperatures and vibrations, ensuring the longevity and reliability of the gearbox. As aircraft technology advances and operational requirements become demanding, the need for robust and efficient housing solutions grows. The focus on improving the structural integrity and maintenance ease of gearboxes ushers the demand for advanced housing components.

Europe aircraft gearbox market will experience a decent CAGR through 2032, due to the region's strong focus on modernizing its aerospace infrastructure and increasing investments in aviation technologies. There are development of new aircraft programs and the upgrade of existing fleets to meet higher performance standards. Additionally, Europe's emphasis on sustainability and reducing carbon emissions has spurred advancements in aircraft technology. The upsurge in air travel and regional defense initiatives further contributes to the increased demand for gearbox in Europe.

Product Code: 3295

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Technological overview
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Increasing air traffic
  - 3.7.1.2 Technological advancements
  - 3.7.1.3 Increasing military expenditure and spending
  - 3.7.1.4 Growing urban air mobility services
- 3.7.2 Industry pitfalls & challenges
  - 3.7.2.1 High development and production costs
  - 3.7.2.2 Regulatory compliance
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Type, 2021-2032 (USD Billion) (Thousand Units)

5.1 Key trends
5.2 Accessory gearbox
5.3 Reduction gearbox
5.4 Actuation gearbox
5.5 Tail rotor gearbox
5.6 Auxiliary power unit gearbox
5.7 Others

Chapter 6 Market Estimates & Forecast, By Component, 2021-2032 (USD Billion) (Thousand Units)

6.1 Key trends
6.2 Gears
6.3 Housing
6.4 Bearings
6.5 Others

Chapter 7 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion) (Thousand Units)

7.1 Key trends
7.2 Engine
7.3 Airframe

Chapter 8 Market Estimates & Forecast, By End-use, 2021-2032 (USD Billion) (Thousand Units)

8.1 Key trends
8.2 Civil aircraft
8.3 Military aircraft

Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Thousand Units)

9.1 Key trends
9.2 OEM
9.3 Aftermarket

Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Thousand Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Aero Gear Inc.
11.2 Aero Gearbox International
11.3 Ametek, Inc.
11.4 Avio Aero
11.5 General Electric Company
11.6 Honeywell International Inc.
11.7 Liebherr Group
11.8 Mitsubishi Heavy Industries Ltd.
11.9 Northstar Aerospace
11.10 Park Ohio Holdings Corp.
11.11 Rolls-Royce plc
11.12 RTX Corporation
11.13 Safran S.A.
11.14 SKF Group
11.15 The Timken Company

Aircraft Gearbox Market - By Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox, Others), By Component, By Application, By End-use, By Distribution Channel & Forecast, 2024 - 2032