Evolving Market Trends In The Aircraft Gearbox Industry: Impact of Upgraded Main Gearboxes (eMGB) On Safety And Efficiency In Helicopter Operations

The Aircraft Gearbox Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Aircraft Gearbox Market Size During the Forecast Period?
The market size of aircraft gearboxes has seen a robust growth in the past few years. The market which stood at $3.39 billion in 2024 is expected to jump to $3.65 billion in 2025, thanks to a compound annual growth rate (CAGR) of 7.6%. Several factors have driven this progress in the historical period, such as thriving economies in burgeoning markets, surging air traffic, an uptick in the delivery of commercial aircraft, and investments funnelled into geared turbofan engines.

In the coming years, the aircraft gearbox market is projected to witness significant expansion. The market is forecasted to reach a size of $4.72 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%. This growth trend during the forecast period can be attributed to rising demand for military helicopters, expanding aircraft fleet size, and intensified research and development endeavors. Major tendencies during the forecast period include a focus on introducing new power gearboxes, advancing technology and creating cutting-edge products, expanding product ranges and geographical reach through partnerships and collaborations, and investing in the market to innovate new product solutions.

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What Are the High-Growth Segments in the Aircraft Gearbox Market?
The aircraft gearbox market covered in this report is segmented -

1) By Component: Gear, Housing, Bearings, Other Components
2) By Aircraft Type: Civil Aviation, Military Aviation
3) By Fit: Retrofit, Linefit
4) By Gearbox Type: Accessory, Actuation, Reduction, Tail Rotor, Auxiliary Power Unit, Other Gearbox Types
5) By Application: Engine, Airframe

Subsegments:
1) By Gear: Reduction Gears, Planetary Gears, Spur Gears
2) By Housing: Gearbox Cases, End Covers
3) By Bearings: Roller Bearings, Ball Bearings, Thrust Bearings
4) By Other Components: Seals And Gaskets, Lubrication Systems, Cooling Systems

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What Key Drivers Are Expected to Influence Future Aircraft Gearbox Market Growth?
The aircraft gearbox market is forecasted to expand, driven by a surge in air traffic. The rise in air travel stems from more people taking to the skies, a surge in international tourism, and heightened demand for commercial aircraft. Population growth and economic development have caused a spike in air travel, fuelling the need for airplane engines and parts, and consequently bolstering the aircraft gearbox market. For example, the International Air Transport Association (IATA), a Canadian airline trade group, reported a 76.0% spike in total global air traffic in March 2022, as compared to May 2022. There was a staggering 425.44% increase in traffic in March 2022 compared to the same month in the previous year. Moreover, air travel for Asian-Pacific airlines witnessed a boost of 197.1% in March 2022 over March 2021, a rate faster than the 146.5% growth seen in February 2022 compared to February 2021. Thus, this rise in air traffic plays a significant role in propelling the aircraft gearbox market.

Which Companies Hold the Largest Share Across Different Aircraft Gearbox Market Segments?
Major companies operating in the aircraft gearbox market include Safran, Triumph Group, Liebherr, The Boeing Group, General Electric, Rexnord Corporation, Rolls-Royce plc, Aero Gear, SKF, Northstar Aerospace, BAE Systems India Services Pvt Ltd, Nabtesco Corporation, Harbin Aircraft Industry Group, Shenyang Aircraft Corporation, Xi'an Aircraft Industrial Corporation, Shanghai Aircraft Industry Corporation, Hongdu Aviation Industry Group, Changhe Aircraft Industries Corporation, Chengdu Aircraft Industry Group, Guizhou Aircraft Industry Corporation, Meggitt PLC, Eaton Corporation PLC, Airbus S.A. S, ZF Luftfahrttechnik, ThyssenKrupp AG, CEF Industries, The Timken Company, PBS Velka Bites, Avion Corporation, AAR Corp, Circor International Inc, Collins Aerospace, Héroux-Devtek Inc, Magellan Aerospace Corporation, Bombardier Inc, Bell Textron Inc, Pratt & Whitney Canada, KF Aerospace, Elbit Systems Ltd, Israel Aerospace Industries, Saudi Aircraft Accessories and Components Company, Mubadala Aerospace, Alp Aviation, Turkish Technic Inc, Turkish Aircraft Industries Corporation, Parker-Hannifin Corporation, Moog Inc.

What Trends Are Driving Growth in The Aircraft Gearbox Market?
Prominent firms active in the aircraft gearbox market are prioritizing technological developments such as enhanced main gearboxes (eMGB) to amplify safety, lower maintenance expenses, and boost overall performance. The enhanced main gearbox (eMGB) represents cutting-edge design for helicopters that optimizes operational efficiency and safety through high-level engineering and materials. This revolutionary gearbox minimizes maintenance and downtime, consequently improving overall flight operation and reliability for operators. For example, in February 2023, Airbus Helicopters SAS, an Airbus helicopter production division based in France, launched an enhanced main gearbox (eMGB) for the H225, targeting the improvement of safety and substantial reduction of maintenance for its users. This technological evolution not only amplifies the helicopter's performance, but it also highlights Airbus's dedication to progressing technology in the heavy-twin segment.

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What Are the Emerging Geographies for The Aircraft Gearbox Market Growth?
North America was the largest region in the aircraft gearbox market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft gearbox market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aircraft Gearbox Market?
2. What is the CAGR expected in the Aircraft Gearbox Market?
3. What Are the Key Innovations Transforming the Aircraft Gearbox Industry?
4. Which Region Is Leading the Aircraft Gearbox Market?

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