Aircraft Gearbox Market to Reach US$3.4 Billion by 2034, Says Stratview Research

The Aircraft Gearbox Market comprises critical mechanical transmission systems that transfer, modulate, and manage power between an aircraft engine's rotating shafts and various subsystems such as fuel pumps, generators, and hydraulic units. According to Stratview Research, the global market was US$2.4 billion in 2024 and is projected to grow at a CAGR of 3.2% to reach US$3.4 billion by 2034. The single most important growth driver is the rising global aircraft production-especially of next-generation commercial and military platforms-which increases the demand for advanced gearbox systems capable of handling higher torque, greater reliability, and complex integrated power take-off functions.

Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Request a free sample report: https://www.stratviewresearch.com/437/Aircraft-Gearbox-Market.html

Market Statistics

• Market size (2024): US$2.4 billion
• Forecast value (2034): US$3.4 billion
• CAGR: 3.2%
• Forecast period: 2025 - 2034
• Base year: 2024
• Total number of segments: 5 top-level categories
• Tables & figures: 100+
• Country-Level Market Assessment: 20

Market Segmentation

Aircraft Gearbox Market, by Aircraft Type: Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter
Aircraft Gearbox Market, by Gearbox Type: Accessory Gearbox, Power Gearbox (PGB), Actuator Gearbox, Auxiliary Power Unit (APU) Gearbox, Other Gearboxes
Aircraft Gearbox Market, by Engine Type: Turbofan Engine, Turboprop Engine, Other Engines
Aircraft Gearbox Market, by Application Type: Airframe, Engine
Aircraft Gearbox Market, by End-User Type: Linefit, Retrofit

Segment Analysis

In the Aircraft Type category, commercial aircraft is the dominant and fastest-growing segment because commercial jets demand highly specialized gearboxes to support larger, more powerful engines and auxiliary systems, driving sustained OEM orders and aftermarket growth. This continued prominence of commercial platforms reinforces strategic focus on scalable gearbox designs for narrow- and wide-body fleets.

Under Gearbox Type, accessory gearboxes are both dominant and fastest growing as they play a central role in distributing power from engines to critical subsystems like fuel, hydraulic, and electrical systems. The rising complexity of modern turbofan engines and trends toward more-electric architectures boost demand for advanced accessory gearboxes, prompting suppliers to invest in durable, lightweight designs.

For Engine Type, turbofan engines are forecasted to lead and grow the fastest because their widespread use in commercial and regional aircraft places high torque, thermal, and precision requirements on gearbox systems, creating opportunities for innovation in materials and conditioning systems that improve reliability and lifecycle value.

In Application Type, the engine segment dominates and grows fastest because gearboxes connected directly to engine systems are essential for core aircraft performance and increasingly complex operations, driving OEM integration and aftermarket maintenance demand.

Under End-User Type, linefit installations are the leading and fastest-growing category as increasing production rates of new aircraft and advanced systems encourage OEMs to integrate gearboxes at assembly, enhancing reliability and long-term performance while influencing supply chain partnerships.

Regional Insights

In North America, the aircraft gearbox market remains dominant due to the concentration of major OEMs, Tier-1 gearbox manufacturers, and extensive commercial and military aircraft production. Continuous investments in engine modernization and early adoption of advanced technologies establish the region as a technological benchmark for gearbox suppliers.
In Asia-Pacific, the market is projected to experience the fastest growth as rapid expansion of commercial fleets, rising defense procurement, and increasing local MRO capabilities drive gearbox demand across both OEM and aftermarket segments, supported by technology transfers from established aerospace hubs.

Market Drivers

• Rising global aircraft production rates increase demand for advanced gearbox systems.
• Growth in turbofan and geared-turbofan engine adoption places higher performance requirements on gearboxes.
• Technological advancements in materials and gearbox design improve efficiency and reliability.
• Expansion of aftermarket services including inspection, maintenance, and mid-life replacements.
• More-electric aircraft architectures creating demand for integrated and advanced gearbox solutions.

Top Companies in the Market

• Avio Aero
• BMT Aerospace
• Collins Aerospace Systems
• KHI
• Liebherr Group
• Northstar Aerospace
• Sarfran Group
• Triumph Group Inc.

FAQs

1. What is the current size of the aircraft gearbox market and how big will it be by 2034?
The global aircraft gearbox market was US$2.4 billion in 2024 and is projected to reach US$3.4 billion by 2034 at a CAGR of 3.2%.

2. Which aircraft type leads and grows fastest in the aircraft gearbox market?
Commercial aircraft leads and grows fastest because of their demand for complex, high-performance gearbox systems.

3. Which gearbox type is expected to see the most growth?
Accessory gearboxes are expected to witness the highest growth due to their essential role in distributing power to key aircraft systems.

4. What engine type drives gearbox market demand the most?
Turbofan engines drive gearbox demand the most, based on their extensive use and increasing technical requirements.

5. Where is the fastest regional market expansion occurring?
Asia-Pacific is the fastest-growing regional market, driven by fleet expansion, defense procurement, and local aerospace ecosystem growth.

Related Links:

Fatty amines market: https://www.ganjingworld.com/news/1i66j5iainr7inLTMBLBhT2T51b91c/fatty-amines-market-strong-growth-driven-by-personal-care-surfactants-and-industrial-demand
Fiber reinforced plastic bridge market: https://scrapbox.io/researchnews/Global_FRP_Bridge_Market_Outlook:_Trends,_Applications,_and_Future_Opportunities
Gallium arsenide wafer market: https://vintfint.com/blogs/124244/Gallium-Arsenide-Wafer-Market-Analysis-Enabling-High-Speed-and-High
Haptic touchscreen market: https://velog.io/@chloe_adams/Global-Haptic-Touchscreen-Market-Expanding-Demand-for-Advanced-Tactile-Interfaces
Heating and cooling market: https://network.musicdiffusion.com/read-blog/65684

400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.