Aircraft Gearbox Market by Type, Component ( Gear, Housing, Bearings), Application (Engine, Airframe), Platform (Military, Civil), End Use (OEM, Aftermarket), and Region (North America, Asia Pacific, Europe, Rest of the World) - Global Forecast to 2028
[284 Pages Report] The global aircraft gearbox market size is projected to grow from USD 3.0 billion in 2023 to USD 4.2 billion by 2028, at a CAGR of 6.9% from 2023 to 2028. The growth of the aircraft gearbox market is significantly influenced by factors such as increasing air passenger traffic, the rising demand for fuel-efficient aircraft, advancements in gearbox technology for enhanced performance and safety, stringent regulations emphasizing aircraft safety standards, the expanding commercial aviation sector, and the growing adoption of advanced materials and manufacturing processes to ensure lightweight and durable gearbox components. Additionally, the surge in air cargo transportation, the need for timely maintenance and replacement of aging aircraft components, and the continuous focus on reducing operational costs and enhancing overall aircraft efficiency are also driving the growth trajectory of the aircraft gearbox market.
The current trends in the aircraft gearbox market are characterized by a growing emphasis on electrically actuated gearboxes, promoting enhanced fuel efficiency and reduced emissions. The industry is also witnessing a strong inclination towards the utilization of lightweight gearbox materials, such as advanced composites and alloys, to improve overall aircraft performance. Moreover, the shift towards more electric aircraft (MEA) is propelling the development of electrically powered components, leading to a gradual transition from traditional hydraulic and pneumatic systems. Additionally, the integration of advanced technologies like IoT, AI, and predictive maintenance is becoming increasingly prevalent, enabling real-time monitoring and facilitating proactive maintenance practices, thereby enhancing the operational efficiency and safety of aircraft systems.
Aircraft Gearbox Market Forecast to 2028
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Aircraft Gearbox Market Dynamics
Driver: Growing use of lightweight aircraft components
The growing demand for lightweight aircraft components is a significant driver for the aircraft gearbox market as it stimulates the need for innovative gearbox solutions that contribute to overall weight reduction in aircraft. This demand is primarily influenced by the aviation industry's continuous efforts to enhance fuel efficiency and reduce operational costs, prompting manufacturers to prioritize the development of lightweight gearbox systems that can effectively support the overall weight-saving initiatives. Furthermore, lighter aircraft components also contribute to improved performance, increased payload capacity, and enhanced maneuverability, thereby fostering the demand for advanced gearbox technologies that align with the industry's pursuit of more efficient and agile aviation solutions.
Restraint: Existing backlogs in aircraft deliveries
The existing backlogs in aircraft deliveries constrain the growth of the aircraft gearbox market by causing delays in production, leading to uncertain demand for gearboxes and affecting the financial stability of manufacturers and suppliers. These backlogs disrupt the timely integration of gearboxes into new aircraft, making it challenging for manufacturers to plan efficiently, allocate resources, and invest in advanced technologies, thereby impeding innovation and market expansion for aircraft gearboxes.
Opportunity: Increased investments in geared turbofan engines
Increased investment in geared turbofan engines presents several opportunities for the aircraft gearbox market. Geared turbofan engines, known for their fuel efficiency and reduced emissions, rely heavily on high-performance, lightweight, and durable gearboxes to drive their innovative design. As demand for these engines rises, the aircraft gearbox market stands to benefit from a growing need for advanced, technologically sophisticated, and specialized gear systems tailored to the requirements of these engines. This surge in investment can drive research and development activities, fostering innovation and encouraging manufacturers to produce more efficient and reliable gearbox solutions, thereby opening up new avenues for growth and expansion within the aircraft gearbox market.
Challenge: Spalling, frosting, and manufacturing defects
Spalling, frosting, and manufacturing defects pose significant challenges for the aircraft gearbox market by compromising the reliability, performance, and safety of gearbox systems. Spalling, the chipping or flaking of gear material, and frosting, the formation of ice on critical components, can lead to increased wear and tear, reduced efficiency, and potential operational failures, necessitating frequent maintenance and repair. Simultaneously, manufacturing defects, such as material irregularities or dimensional inaccuracies, can weaken the structural integrity of gearboxes, leading to premature failures and safety concerns. These challenges not only increase operational costs for airlines and aircraft operators but also undermine customer confidence in the reliability of gearbox systems, thereby hindering the market's growth and sustainability.
Aircraft Gearbox Market Ecosystem
The aircraft gearbox market ecosystem comprises aerospace manufacturers, technology firms, and transportation service providers collaborating to drive innovation and commercialization. It involves strategic partnerships, investments, and research efforts to develop advanced propulsion systems, technologies, and flight capabilities. Regulatory bodies, government agencies, and infrastructure developers also play a crucial role in shaping the aircraft gearbox market ecosystem by R&D of smart systems, electric gearbox, advanced materials, hybrid solutions, fuel efficiency, reduced maintenance, environmental considerations, and ensuring regulatory compliance. The prominent companies are Safran (France), Liebherr (Switzerland), Triumph Group (US), The Timken Company (US), and Rexnord Aerospace (US).
The indispensable role of gears in ensuring precise functioning and power transmission of diverse aircraft components is driving the gear sub-segment
The growing emphasis on lightweight, durable, and high-precision gears to enhance overall aircraft efficiency and reduce maintenance requirements has fueled the demand for innovative gear technologies. Advancements in gear manufacturing techniques, such as additive manufacturing and improved materials, have further facilitated the production of complex and specialized gears capable of meeting the stringent requirements of modern aircraft. Consequently, the increasing adoption of advanced gears to ensure precise functioning and power transmission across diverse aircraft components has positioned the gear segment as a key driver of growth within the aircraft gearbox market. As a result, the segment of gears has emerged as the fastest growing component in the aircraft gearbox market.
The OEM segment dominates the aircraft gearbox market due to technological advancements, tailored integrated solutions, strong industry relationships, and stringent quality compliance
Based on end user, the OEM segment holds a dominant market share and a higher CAGR in the aircraft gearbox market due to its focus on technological advancements, provision of integrated solutions tailored to specific aircraft models, strong industry relationships with aircraft manufacturers and airlines, and strict adherence to quality assurance and compliance standards. These factors collectively contribute to the OEMs' reputation for delivering high-quality products that meet the stringent requirements of modern aircraft, fostering trust and reliability within the aviation industry.
The civil aircraft segment is projected to witness a higher market share during the forecast period
Based on platform, the civil aircraft segment is expected to hold a larger market share for the aircraft gearbox market due to several key factors. Firstly, the increasing air passenger traffic and the subsequent rise in demand for commercial aircraft contribute significantly to the growth of the civil aircraft segment. This surge in demand necessitates the manufacturing of a higher number of commercial aircraft, subsequently driving the need for more aircraft gearboxes. Additionally, the continuous modernization of existing aircraft fleets and the incorporation of advanced technologies in commercial aircraft design contribute to the sustained demand for innovative and efficient aircraft gearbox solutions. Furthermore, the expanding tourism and travel industry, particularly in emerging economies, further fuels the demand for civil aircraft, thereby boosting the market share for aircraft gearboxes within this segment.
The Rest of the World market is projected to grow the fastest from 2023 to 2028
The rest of the world, encompassing regions Middle East, Africa, and Latin America, is expected to be the fastest-growing region in terms of Compound Annual Growth Rate (CAGR) for the aircraft gearbox market for several reasons. Primarily, the increasing focus on enhancing air connectivity and the rapid expansion of commercial aviation in these regions are driving the demand for new aircraft and associated components, including gearboxes. Additionally, the rising disposable incomes, evolving tourism industry, and ongoing infrastructure development projects in these regions contribute to the growth of the aviation sector, thereby fostering the demand for aircraft gearboxes. Moreover, government initiatives aimed at bolstering the aerospace and defense sectors, coupled with the increasing presence of international aircraft manufacturers and suppliers expanding their operations in these regions, further stimulate the growth of the aircraft gearbox market.
Aircraft Gearbox Market by Region
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Key Market Players
The aircraft gearbox companies is dominated by a few globally established players such as Safran (France), Liebherr (Switzerland), Triumph Group (US), The Timken Company (US), and Rexnord Aerospace (US).
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Report Metric |
Details |
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Market size available for years |
2019-2028 |
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Base year considered |
2022 |
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Forecast period |
2023-2028 |
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Forecast units |
Value (USD Million/Billion) |
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Segments Covered |
By Type, By Application, By Component, By Platform, By End Use |
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Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the World |
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Companies Covered |
Safran (France), Liebherr (Switzerland), Triumph Group (US), The Timken Company (US), and Rexnord Aerospace (US) |
Aircraft Gearbox Market Highlights
The study categorizes the aircraft gearbox market based on Type, Application, Component, Platform, End Use, and Region
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Segment |
Subsegment |
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By Type |
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By Application |
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By Component |
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By Platform |
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By End Use |
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By Region |
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Recent Developments
- Triumph Group secured a long-term contract with General Electric (GE) for the Inlet Gearboxes (IGB) concerning LEAP-1A, LEAP-1B, and LEAP-1C programs. The contract encompasses production at the Triumph Geared Solutions facility in Macomb, Michigan. With a partnership spanning over 35 years and over 25,000 gearboxes delivered to date, this extension underscores Triumph’s commitment to supplying thousands of IGBs annually to GE well into the next decade.
- Rexnord Aerospace (Rexnord) acquired Altra Industrial Motion (Altra) to broaden its service capabilities, technology offerings, and industry expertise. The move signifies an important step in Rexnord’s pursuit of a more diverse portfolio of specialized products and solutions, focusing on efficiently addressing customer needs in power conversion and motion control. Altra is known for its comprehensive line of precisely engineered motion control, automation, and power transmission solutions, further strengthening Rexnord’s position in delivering industrial powertrain solutions across various end markets.
- In September 2021, Air Travel and CFM International (a joint venture of GE Aviation and Safran) entered a 12-year LEAP-1A engine Rate Per Flight Hour (RPFH) deal to support the smooth operation of its next A320neo aircraft. The transaction is for USD 992 million and includes the acquisition of LEAP-1A spare engines.
- In February 2021, The Timken Company’s Philadelphia Gear signed a contract with Newport News Shipbuilding to deliver main reduction gears (MRGs) for the upcoming USS Doris Miller aircraft carrier.
- In October 2020, Triumph Group agreed to supply 30 new spare high-speed gearboxes for the Lockheed C-5 Galaxy over five years to Linmarr Associates, a Defense Logistics Agency distributor for the US Air Force. The gearboxes are part of Triumph Group's landing gear door actuation system.
Frequently Asked Questions (FAQ’s) :
What is the current size of the Aircraft Gearbox market?
The Aircraft Gearbox market size is projected to grow from USD 3.0 billion in 2023 to USD 4.2 billion by 2028, at a CAGR of 6.9% from 2023 to 2028.
What are some of the technological advancements in the market?
Technological advancements in the aircraft gearbox market have introduced materials like carbon fiber composites and titanium alloys, enhancing durability and reducing maintenance needs. The shift to electrically actuated gearboxes has improved energy efficiency and environmental sustainability by replacing traditional hydraulic systems. Advanced sensors and monitoring systems enable real-time data collection, facilitating predictive maintenance strategies and enhancing operational reliability. Integration of IoT and AI technologies has enabled data-driven decision-making, optimizing performance in the aircraft gearbox market.
What are the factors driving the growth of the market?
The aircraft gearbox market is propelled by the surging global air passenger traffic, leading to increased demand for advanced gearbox technologies. The pursuit of fuel efficiency and emissions reduction in aviation has also boosted the need for lightweight and efficient gearbox solutions. Technological strides in the aerospace sector, including electrically powered systems and advanced materials integration, have further catalyzed market growth. Additionally, the adoption of predictive maintenance techniques and advanced monitoring systems has bolstered gearbox reliability and longevity, fostering market expansion.
Who are the key players and innovators in the ecosystem of the aircraft gearbox market?
The key players in the aircraft gearbox market include Safran (France), Liebherr (Switzerland),
What are the growth opportunities in the Aircraft Gearbox market?
The aircraft gearbox market offers several prospects for expansion to players. The aircraft gearbox market presents growth opportunities driven by the electrification of aircraft, emphasizing electric motor-driven gearbox. Additionally, fuel efficiency-focused technologies and lightweight materials are in demand, favoring compact and lightweight systems. Sustainability initiatives further boost the market, driving the adoption of eco-friendly solutions.
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The study involved four major activities in estimating the current market size for the aircraft gearbox market. Exhaustive secondary research was conducted to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, Dow Jones Factiva, and different magazines, were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and simulator databases. Secondary sources referred for this research study included General Aviation Manufacturers Association (GAMA); International Air Transport Association (IATA) publications, corporate filings (such as annual reports, investor presentations, and financial statements); Federal Aviation Administration (FAA) and trade, business, and professional associations. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary respondents.
Primary Research
The aircraft gearbox market comprises several stakeholders, such as raw material providers, aircraft gearbox manufacturers and suppliers, and regulatory organizations in the supply chain. While the demand side of this market is characterized by various end users, the supply side is characterized by technological advancements in materials and types. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
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Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the aircraft gearbox market. The research methodology used to estimate the size of the market includes the following details.
Key players in the market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of top market players and extensive interviews with industry stakeholders such as CEOs, technical advisors, military experts, aircraft maintenance professionals, and SMEs of leading companies operating in the market.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the aircraft gearbox market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Market Size Estimation Methodology: Bottom-Up Approach
The bottom-up approach was employed to arrive at the overall size of the aircraft gearbox market. The number of aircraft deliveries of each aircraft type—civil aircraft and military aircraft—was mapped from 2000–2022 (Source: Boeing and Airbus Outlook) and further forecasted these numbers to 2028 along with their average selling price (ASP). The components of different types of gearbox were also considered for the aircraft gearbox market sizing. The number of gearboxes by each aircraft was then multiplied by the ASP of each gearbox type and the number of aircraft delivered in each country.
Market Size Estimation Methodology: Top-Down Approach
In the top-down approach, the overall aircraft gearbox market size was used to estimate the size of individual subsegments (mentioned in the market segmentation) through percentage splits in secondary and primary research. For the calculation of specific market segments, the most appropriate immediate parent market size was used to implement the top-down approach.
Triangulation And Validation
After arriving at the overall market size from the market size estimation process, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated numbers for the segments and subsegments of the aircraft gearbox market. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches.
Triangulation Through Secondary
- Country-wise aircraft deliveries from 2000 to 2022 were considered as historical data. Data was taken from the Boeing and Airbus Outlook and various governing bodies of each country.
- Aircraft layouts, block diagrams, and other secondary information were used to map the number of components in an aircraft.
Triangulation Through Primaries
- The segments and subsegments of the aircraft gearbox market were validated through primaries.
- Aircraft gearbox ASP and their component level breakdown were validated from primaries. This varies as per the aircraft type.
- Information about the companies that have been profiled in the study was validated by primaries.
The following figure indicates the market breakdown structure and the data triangulation procedure implemented in the market engineering process used to develop this report.
Market Definition
Aircraft gearboxes are mechanical devices that allow power to be transferred between the turbine and compressor while also allowing them to rotate at different speeds. Gearboxes are essential for improving engine efficiency and ensuring the smooth and safe operation of the aircraft. Therefore, they must be designed, manufactured, and maintained to the highest standards to ensure reliability and safety during flight.
Aircraft gearboxes are mechanical tools used to transfer power from aircraft engines to different parts, including fans, propellers, accessories, and flight controls. The main types of aircraft gearboxes include the main reduction gearbox, accessory gearbox, transfer gearbox, tail rotor gearbox, and auxiliary power unit gearbox.
Key Stakeholders
- Aircraft manufacturers
- Engine manufacturers
- Gearbox manufacturers
- Maintenance, repair, and overhaul (MRO) providers
- Airlines
- Government agencies
- Research and development organizations
- Investors
- Suppliers of raw materials and components
- Trade associations
- Standards organizations
Report Objectives
- To identify and analyze key drivers, restraints, challenges, and opportunities influencing the growth of the aircraft gearbox market
- To analyze the impact of macro and micro indicators on the market
- To forecast the market size of segments for four regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Along with major countries in each of these regions
- To strategically analyze micro markets with respect to individual technological trends, prospects, and their contribution to the overall market
- To strategically profile key market players and comprehensively analyze their market ranking and core competencies
- To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies, such as contracts, agreements, partnerships, and expansions.
- To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the market
- To define, describe, segment, and forecast the aircraft gearbox market on the basis of application, type, components, platform, end use, and region
Available Customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the market segments at country-level
Company Information
- Detailed analysis and profiling of additional market players (up to 6)
Generating Response ...
Growth opportunities and latent adjacency in Aircraft Gearbox Market
I am looking for a suitable partner to help understand the market for aerospace gears used in transmission systems. Will be great if I can speak to someone from your team, to discuss in detail.