
Aircraft Gearbox Market by Aircraft Type (Civil Aviation, Military Aviation), Component (Bearings, Gears, Housings), Gearbox Type, Fit Analysis, Application, End User - Global Forecast 2024-2030
Description
Aircraft Gearbox Market by Aircraft Type (Civil Aviation, Military Aviation), Component (Bearings, Gears, Housings), Gearbox Type, Fit Analysis, Application, End User - Global Forecast 2024-2030
The Aircraft Gearbox Market size was estimated at USD 2.92 billion in 2023 and expected to reach USD 3.09 billion in 2024, at a CAGR 6.68% to reach USD 4.59 billion by 2030.
Aircraft gearboxes are largely employed in the aviation industry for efficient power transmission, providing better control over flight operations, which directly influences the safety, performance, and efficiency of aircraft. The broader adoption of gearboxes across varying aircraft models, spanning from commercial airplanes to military drones, marks the expansive scope of the aircraft gearbox market. Increasing defense budgets of many countries with the incessant demand for new aircraft to meet increasing global air traffic is elevating the demand for aircraft gearboxes. Additionally, the expansion of the aviation industry in emerging economies is offering new growth opportunities. The introduction of new aircraft models, combined with the need to replace older technology in existing aircraft, is fueling market growth. High production costs and the continuous requirement for maintenance and inspection of aircraft gearboxes are hindering the growth of the aircraft gearbox market. Rising advancements and manufacturing of highly efficient and lightweight gearboxes by market vendors are expected to create opportunities for market growth.
Regional Insights
The aircraft gearbox market in the Americas represents a highly developing landscape due to an increasing focus on innovation, lightweight aircraft components, and environmental regulations that promote the development of advanced gearbox technologies. The presence of diverse regional airlines and a strong military sector further contributes to the market's significance in the global aviation industry. Increasing demand for air travel, defense modernization efforts, and the need for more fuel-efficient aircraft is expanding the market growth in EMEA. The EMEA aircraft gearbox market is expected to experience steady growth as aviation technology advances and the region's aerospace infrastructure continues to evolve. The Asia-Pacific region's expanding aviation sector, particularly in countries including China and India, is driving demand for aircraft gearboxes. This market benefits from factors such as increased air travel, defense investments, and a growing number of regional airlines. Key players in the APAC aircraft gearbox market include both domestic and international aerospace companies aiming to meet the rising demand for aircraft components and systems in the region.
Market Insights
Market Dynamics
The market dynamics represent an ever-changing landscape of the Aircraft Gearbox Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
- Rise in aircraft manufacturing with surge in the number of air travelers
- Growing demand for light-weight and fuel-efficient aircraft
- Increasing defense aircraft spending across economies
- Rising costs of raw materials and production of aircraft gearbox
- Advancements in the development of new aircraft gearbox
- Increased research & development in open-rotor engine configuration
- Mechanical complexities associated with aircraft gearbox
- Aircraft Type: Growing usage of aircraft gearboxes in civil aviation for maintaining high-end performance
- Component: Increasing adoption of bearings to ensure easy operation with minimal friction
- Gearbox Type: Rising preference for tail rotor gearboxes to handle high-pressure operations
- Fit Analysis: Expanding preference for retrofit as it’s a relatively quick and lower-cost solution
- Application: Growing application of aircraft gearbox in airframe for assisting in power management of components
- End-user: Rising utilization of aircraft gearbox by the original equipment manufacturer to provide superior quality control aircraft
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aircraft Gearbox Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aircraft Gearbox Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Skanda Aerospace Opens Gearbox Unit in Hyderabad
Skanda Aerospace Technology Pvt Ltd. has recently inaugurated a state-of-the-art gear and gearbox manufacturing facility in Hyderabad. Skanda specializes in high-precision CNC and complex aerospace gear production, catering to the global aerospace engine and gear markets. With the increasing interest in the Indian defense sector from neighboring countries, Skanda aims to contribute to the industry by meeting the rising demand for domestically developed aircraft, helicopters, and other specialized products.
Heli-One Announces Gearbox Maintenance Partnership With Airbus In Support Of Bid For The UK Ministry Of Defence’s New Medium Helicopter (NMH) Programme
Heli-One has partnered with Airbus to offer gearbox maintenance for the H175M helicopter upon Airbus securing the UK Ministry of Defence's New Medium Helicopter program. This collaboration has formalized through a Memorandum of Understanding signed during an event in Aberdeen on July 11th. Heli-One possesses extensive expertise in gearbox maintenance for various helicopters, including AS332/H225, AS350, AW139, S76, and S92.
Airbus Completes Acquisition of Gearbox Supplier ZF Luftfahrttechnik
Airbus Helicopters has recently acquired ZF Luftfahrttechnik to enhance its transmission production and overhaul capabilities. The acquired company, now rebranded as Airbus Helicopters Technik GmbH, is responsible for supplying the main gearbox for the H135 as well as holding a share in the H145.
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aircraft Gearbox Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Aircraft Gearbox Market, highlighting leading vendors and their innovative profiles. These include Aero Gear, Avion Technologies Inc., CEF Industries, LLC, GE AVIO S.r.l., JAMCO Corporation, Kawasaki Heavy Industries, Ltd., Liebherr Group, Lin Engineering, Inc., Meggitt PLC, Northstar Aerospace, PBS Group, a. s., Precipart Group Ltd., Raytheon Technologies Corporation, Regal Rexnord Corporation, Rolls-Royce PLC, Safran S.A., Textron Aviation Inc., The Boeing Company, Timken Company, Triumph Group, Inc., Walchandnagar Industries Limited, Woodward, Inc., and ZF Friedrichshafen AG.
Market Segmentation & Coverage
This research report categorizes the Aircraft Gearbox Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Aircraft Type
- Civil Aviation
- Military Aviation
- Component
- Bearings
- Gears
- Housings
- Gearbox Type
- Accessory
- Actuation
- Auxiliary Power Unit
- Reduction
- Tail Rotor
- Fit Analysis
- Linefit
- Retrofit
- Application
- Airframe
- Engine
- End User
- Aftermarket
- Original Equipment Manufacturer
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
Table of Contents
199 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rise in aircraft manufacturing with surge in the number of air travelers
- 5.1.1.2. Growing demand for light-weight and fuel-efficient aircraft
- 5.1.1.3. Increasing defense aircraft spending across economies
- 5.1.2. Restraints
- 5.1.2.1. Rising costs of raw materials and production of aircraft gearbox
- 5.1.3. Opportunities
- 5.1.3.1. Advancements in the development of new aircraft gearbox
- 5.1.3.2. Increased research & development in open-rotor engine configuration
- 5.1.4. Challenges
- 5.1.4.1. Mechanical complexities associated with aircraft gearbox
- 5.2. Market Segmentation Analysis
- 5.2.1. Aircraft Type: Growing usage of aircraft gearboxes in civil aviation for maintaining high-end performance
- 5.2.2. Component: Increasing adoption of bearings to ensure easy operation with minimal friction
- 5.2.3. Gearbox Type: Rising preference for tail rotor gearboxes to handle high-pressure operations
- 5.2.4. Fit Analysis: Expanding preference for retrofit as it’s a relatively quick and lower-cost solution
- 5.2.5. Application: Growing application of aircraft gearbox in airframe for assisting in power management of components
- 5.2.6. End-user: Rising utilization of aircraft gearbox by the original equipment manufacturer to provide superior quality control aircraft
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Aircraft Gearbox Market, by Aircraft Type
- 6.1. Introduction
- 6.2. Civil Aviation
- 6.3. Military Aviation
- 7. Aircraft Gearbox Market, by Component
- 7.1. Introduction
- 7.2. Bearings
- 7.3. Gears
- 7.4. Housings
- 8. Aircraft Gearbox Market, by Gearbox Type
- 8.1. Introduction
- 8.2. Accessory
- 8.3. Actuation
- 8.4. Auxiliary Power Unit
- 8.5. Reduction
- 8.6. Tail Rotor
- 9. Aircraft Gearbox Market, by Fit Analysis
- 9.1. Introduction
- 9.2. Linefit
- 9.3. Retrofit
- 10. Aircraft Gearbox Market, by Application
- 10.1. Introduction
- 10.2. Airframe
- 10.3. Engine
- 11. Aircraft Gearbox Market, by End User
- 11.1. Introduction
- 11.2. Aftermarket
- 11.3. Original Equipment Manufacturer
- 12. Americas Aircraft Gearbox Market
- 12.1. Introduction
- 12.2. Argentina
- 12.3. Brazil
- 12.4. Canada
- 12.5. Mexico
- 12.6. United States
- 13. Asia-Pacific Aircraft Gearbox Market
- 13.1. Introduction
- 13.2. Australia
- 13.3. China
- 13.4. India
- 13.5. Indonesia
- 13.6. Japan
- 13.7. Malaysia
- 13.8. Philippines
- 13.9. Singapore
- 13.10. South Korea
- 13.11. Taiwan
- 13.12. Thailand
- 13.13. Vietnam
- 14. Europe, Middle East & Africa Aircraft Gearbox Market
- 14.1. Introduction
- 14.2. Denmark
- 14.3. Egypt
- 14.4. Finland
- 14.5. France
- 14.6. Germany
- 14.7. Israel
- 14.8. Italy
- 14.9. Netherlands
- 14.10. Nigeria
- 14.11. Norway
- 14.12. Poland
- 14.13. Qatar
- 14.14. Russia
- 14.15. Saudi Arabia
- 14.16. South Africa
- 14.17. Spain
- 14.18. Sweden
- 14.19. Switzerland
- 14.20. Turkey
- 14.21. United Arab Emirates
- 14.22. United Kingdom
- 15. Competitive Landscape
- 15.1. Market Share Analysis, 2023
- 15.2. FPNV Positioning Matrix, 2023
- 15.3. Competitive Scenario Analysis
- 15.3.1. Skanda Aerospace Opens Gearbox Unit in Hyderabad
- 15.3.2. Heli-One Announces Gearbox Maintenance Partnership With Airbus In Support Of Bid For The UK Ministry Of Defence’s New Medium Helicopter (NMH) Programme
- 15.3.3. Airbus Completes Acquisition of Gearbox Supplier ZF Luftfahrttechnik
- 15.4. Strategy Analysis & Recommendation
- 16. Competitive Portfolio
- 16.1. Key Company Profiles
- 16.2. Key Product Portfolio
Pricing
Currency Rates
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