Aircraft Gearbox Market to Reach USD 4.5 billion in 2030 | Leading Players Liebherr, Safran, Rexnord Aerospace, Triumph Group, The Timken Company

Aircraft Gearbox Market: by Application (Engine, Airframe), Type (Reduction, Accessory, Actuation, Tail Rotor, APU), End User (OEM, Aftermarket), Platform (Civil, Military), Component (Gears, Housing, Bearing), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Aircraft Gearbox Market research report helps in gathering and analysing useful insights such as global market size, forecast and Compound Annual Growth Rate (CAGR) of a particular industry. It also helps in determining the market status, future prospects, growth opportunity, main challenges about the market for any industry. Aircraft Gearbox Market research report also provides complete analysis of the industry, current market trend, overview of the established market players, competitor analysis, for effective decision-making capabilities of the debutant and established entrepreneurs. It helps in streamlining the plan of action, before any new product launch and formulating respective marketing strategies.

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The Global Aircraft Gearbox Market has reached a value of $2.6 billion in 2022. This market is expected to grow from $2.8 billion in 2023 to $4.5 billion in 2030 with a CAGR of 7.1% in the forecast period of 2023-2030.

This market is estimated based on different key pointers that attribute to the growth which are applications including Engine & Airframes, types such as Reduction, Accessory, Actuation, Tail Rotor, APU, end-users including OEM & Aftermarket, Platforms involving Civil & Military, and components such as Gears, Housing, Bearing. Leading companies such as Liebherr, Safran, Rexnord Aerospace, Triumph Group, The Timken Company, Collins Aerospace and United Technologies Corporation are involved in manufacturing, supplying, and distributing OEM or aftermarket aircraft gearbox products.

The engine is the crucial component of the aircraft propulsion system because they are the one that provides the necessary force to elevate the aircraft from the ground level. Further, they provide sufficient force during take-off and landing. This gearbox supports the engine system to reach the required force range. Hence, the engine segment places a major position in the Aircraft Gearbox Market, and it further stimulates the growth of this market in the upcoming years.

An aircraft gearbox is a mechanical component that is responsible for transmitting power from the aircraft engine to the propeller or rotor. It is a complex assembly of gears and shafts designed to operate under extreme conditions, such as high speeds and temperatures. The materials of which these gearboxes are made of iron, aluminium, and brass.

In addition to transmitting power, aircraft gearboxes also provide several other important functions, including reducing engine noise and vibration, improving fuel efficiency, and enabling the use of variable-pitch propellers, which can optimize the performance of the aircraft in different flight regimes. Aircraft gearboxes are widely utilized in the aviation industry, including commercial airliners, military jets, helicopters, and small general aviation aircraft. They are critical components that require precise design, manufacturing, and maintenance to ensure safe and reliable operation.

Need for Aircraft Gearbox:

The growing demand for new commercial and military aircraft is driving the demand for aircraft gearboxes. As new aircraft are developed and produced, there is a need for advanced gearbox systems that can deliver higher levels of performance and reliability. In addition to that, advancements in technology are enabling the development of more advanced and efficient gearbox systems. For instance, the use of lightweight materials, such as composites and titanium, is enabling the development of a more efficient and durable gearbox system. Further, the growing demand for helicopters in various applications, such as emergency medical services, law enforcement, and offshore oil and gas, is driving the demand for gearbox systems for rotorcraft.

Aircraft Gearbox Market Regional Analysis:

As the rising demand for lightweight and fuel-efficient pistons and turboprop engine aircraft enhances and holds North America a significant position in the aircraft gearbox market. For instance, in 2020, the United States Air Force awarded a contract to Collins Aerospace, a subsidiary of Raytheon Technologies, to develop and deliver advanced gearbox systems for the F-15EX fighter jet. In addition to that, in 2021, MagniX, an electric aircraft propulsion company based in Washington state, announced a partnership with H55, a Swiss electric aviation company, to develop a high-performance gearbox system for electric aircraft. All these collaborations and new contracts drive the aircraft gearbox market in the US which in turn sustains the highest position of the North American region market in aircraft gearbox. Further, it strengthens the aircraft gearbox market in the upcoming years.

Aircraft Gearbox Market Table of Contents:

Aircraft Gearbox Market is segmented into end user, platform, type, application, component and region.

On the basis of End-User

OEM
Aftermarket

On the basis of Platform

Civil
Military

On the basis of Type

Accessory
Reduction
Actuation
Tail Rotor
Auxiliary Power Unit

On the basis of Component

Gear
Housing
Bearings

On the basis of Application

Engine
Airframe

On the basis of Region

Asia Pacific
North America
Europe
South America
Middle East & Africa

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