Surge In Air Traffic Propels Growth In The Aircraft Gearbox Market: Critical Driver Shaping the Aircraft Gearbox Market in 2025

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Aircraft Gearbox Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the scale of the aircraft gearbox market has seen a robust increase. It is projected to expand from $3.39 billion in 2024 to an increased value of $3.65 billion in 2025, signaling a compound annual growth rate (CAGR) of 7.6%. This upward trend during the historic era is a result of powerful economic development in developing markets, increment in air traffic, a boost in the delivery of commercial aircraft, and capital poured into geared turbofan engines.

Aircraft Gearbox Market Size Forecast: What's the Projected Valuation by 2029?
It is anticipated that the aircraft gearbox market will witness robust growth in the upcoming years, with predictions indicating that it will elevate to a market size of $4.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this projected growth within the forecast period include enhanced demand for military helicopters, an expanding aircraft fleet, and escalated efforts in research and development. Foreseen major trends within this period include the emphasis on the release of new power gearboxes, technological advancements, the creation of advanced products, strategic partnerships and collaborations for portfolio and geographic expansion, and concentrated market investments towards new product solutions.

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What Are the Drivers Transforming the Aircraft Gearbox Market?
The anticipated rise in air travel is predicted to fuel the expansion of the aircraft gearbox market. This escalation in air traffic signifies a surge in the number of air passengers, an upswing in international tourism, and a growing demand for commercial aircraft for delivery purposes. The growth in aviation traffic owing to population and economic growth has resulted in a need for more aircraft engines and parts, thereby enhancing the requirement for the aircraft gearbox market. For example, as per the International Air Transport Association (IATA), a Canada-based airline trade organization, the overall global air traffic in March 2022 saw a hike of 76.0%. Compared to March 2021, the traffic in March 2022 soared by 425.44%. Moreover, in the same month, the traffic for Asia-Pacific airlines rose by 197.1% compared to March 2021, which is a significant surge compared to the increase of 146.5% seen in February 2022 over its preceding year. Consequently, this upliftment in air traffic serves as a significant driving force behind the expanding aircraft gearbox market.

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What Long-Term Trends Will Define the Future of the Aircraft Gearbox Market?
Leading corporations functioning in the aircraft gearbox sector are concentrating on technological upgrades, for instance, enhanced main gearboxes (eMGB), to augment safety, cut down on maintenance expenses, and boost total operational efficiency. The enhanced main gearbox (eMGB) is a cutting-edge feature engineered exclusively for helicopters, enriching their operational efficiency and safety through innovative design and material use. The introduction of this transformative gearbox minimizes the need for maintenance and downtime, thereby elevating the general performance and trustworthiness of the aircraft for its operators. To elucidate, in February 2023, Airbus Helicopters SAS, an Airbus wing based in France that manufacturers helicopters, launched an updated main gearbox (eMGB) for the H225. The move was geared towards increasing safety and drastically diminishing maintenance needs for its users. This breakthrough not only betters the chopper's performance but also highlights Airbus's dedication to pioneering technology in the heavy-twin segment.

Which Segments in the Aircraft Gearbox Market Offer the Most Profit Potential?
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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Which Firms Dominate the Aircraft Gearbox Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Aircraft Gearbox Market?
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.

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