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Aircraft Gearbox - Global Strategic Business Report

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    Report

  • 244 Pages
  • September 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805160

Quick Summary:

In the fast-paced and complex world of the global aircraft gearbox industry, staying ahead of market trends and getting insightful data is crucial for making strategic decisions. Our market research report, projected to reach a revised size of US$3.5 billion by 2030, offers detailed insights to keep you abreast in this dynamic field. Gain a competitive edge with our in-depth evaluation of the accessory segment expected to record a 5.4% CAGR and reach US$980.6 Million by the end of the analysis period.

Our report further breaks down the highly competitive landscape, with special emphasis on the U.S. and China, which remain major players alongside emerging engines of growth such as Japan, Canada, and Germany. Other standout analysis includes Asia-Pacific, which holds a projected value of US$471.8 Million by the year 2030. Key players like Aero Gear, SKF Group, Safran among others are featured to assist you in understanding your competition and positioning in the market. Opt for our market research report and stay armed with actionable insights to fuel your strategic planning.

Global Aircraft Gearbox Market to Reach $3.5 Billion by 2030

The global market for Aircraft Gearbox estimated at US$2.5 Billion in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030. Accessory, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$980.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Reduction segment is readjusted to a revised 3.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $687.2 Million, While China is Forecast to Grow at 7.5% CAGR

The Aircraft Gearbox market in the U.S. is estimated at US$687.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$753.4 Million by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$471.8 Million by the year 2030.

Select Competitors (Total 42 Featured) -

  • Aero Gear, Inc.
  • Aero Gearbox International
  • Avion Technologies Inc.
  • CEF Industries LLC
  • Liebherr-International Deutschland GmbH
  • Northstar Aerospace
  • Pbs Velka Bites
  • Safran
  • SKF Group
  • Triumph Group
  • United Technologies Corporation (UTC)


What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Aircraft Gearbox

What is the estimated value of the Global Market for Aircraft Gearbox?

The Global Market for Aircraft Gearbox was estimated to be valued at $2.5 Billion in 2022.

What is the growth rate of the Global Market for Aircraft Gearbox?

The growth rate of the Global Market for Aircraft Gearbox is 4.3%, with an estimated value of $3.5 Billion by 2030.

What is the forecasted size of the Global Market for Aircraft Gearbox?

The Global Market for Aircraft Gearbox is estimated to be worth $3.5 Billion by 2030.

Who are the key companies in the Global Market for Aircraft Gearbox?

Key companies in the Global Market for Aircraft Gearbox include Aero Gear, Inc., Aero Gearbox International, Avion Technologies Inc., CEF Industries LLC, Liebherr, International Deutschland GmbH, Northstar Aerospace, Pbs Velka Bites, Safran and SKF Group.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Aircraft Gearbox: A Prelude
  • An Important Component of Aircraft Gas Turbine Engine
  • Robust Growth Forecasts for Aircraft Gearbox Market
  • Prevailing Scenario in the World Aerospace Industry Widens Demand Prospects
  • Ongoing Expansion in Commercial Airline Fleet Size Points Towards Strong Demand
  • Growing Passenger & Cargo Traffic Instigates the Need for New Aircraft
  • Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
  • Progressive Momentum in Business Jet Segment Amplifies Opportunities
  • Aircraft Gearbox - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Alloys Remain the Primary Structural Materials for Gearbox Systems: Brief Overview of Materials & Processes Utilized in Manufacture of Aircraft Engines and Engine Parts
  • Ongoing Regulatory Emphasis on Reducing CO2 Emissions Puts Focus on Ultra-Lightweight Engine Parts
  • An Overview of ICAO’s CORSIA Standard
  • 3D Printing Technology Seeks Role in Design & Production of Gearbox Systems
  • Technology Advancements Spur Progressive Growth
  • Pratt & Whitney’s PurePower Geared Turbofan: The Major Breakthrough in Aircraft Technology in More than Three Decades
  • Performance Issues Crop Up with Geared Turbofan
  • DGCA of India Decides to Issue Additional Safety Directive for Aircraft Fitted with Pratt & Whitney Engines
  • Rolls-Royce Develops World’s Most Powerful Turbofan Gearbox
  • Safran and GE Develop IGGB® Acknowledging the Shift towards Electric Aircraft
  • Healthy Trajectory in MRO Services Domain Boosts Market Prospects
  • Current MRO Market Trends Across Various Geographic Regions
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Engine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Engine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Engine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Airframe by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Airframe by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Airframe by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Reduction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Reduction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Reduction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Accessory by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Accessory by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Accessory by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Actuation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Actuation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Actuation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Tail Rotor by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Tail Rotor by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Tail Rotor by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for APU by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for APU by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for APU by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Gearbox Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Gearbox Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Other Gearbox Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Aircraft Gearbox Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 26: World Recent Past, Current & Future Analysis for Aircraft Gearbox by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 27: World Historic Review for Aircraft Gearbox by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: World 16-Year Perspective for Aircraft Gearbox by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Civil Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 30: World Historic Review for Civil Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 31: World 16-Year Perspective for Civil Aircraft by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Military Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 33: World Historic Review for Military Aircraft by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 34: World 16-Year Perspective for Military Aircraft by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Aircraft Gearbox Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aero Gear, Inc.
  • Aero Gearbox International
  • Avion Technologies Inc.
  • CEF Industries LLC
  • Liebherr-International Deutschland GmbH
  • Northstar Aerospace
  • Pbs Velka Bites
  • Safran
  • SKF Group
  • Triumph Group
  • United Technologies Corporation (UTC)