The global aircraft gearbox market was valued at USD 4 billion in 2022 and grew at a CAGR of 7% from 2023 to 2032. The market is expected to reach USD 7.86 billion by 2032. The growing aviation industry will drive the growth of the global aircraft gearbox market.
Aircraft gearboxes are critical components in the transmission system of an aircraft. They optimize the power generated by aircraft engines. They regulate engine speed, which ensures compatibility with the propulsion systems and their requirements. They employ various mechanics to improve aircraft's operational efficiency throughout their flight. They are essential for the smooth operation of aircraft, especially during take-off, climb, cruise, and descent. They adapt to diverse flight conditions and safeguard other components from potential damage. The benefits of aircraft gearboxes include higher fuel efficiency and improved overall performance. Aircraft gearboxes also help in mitigating noise and vibration. These benefits enable higher operational effectiveness and enhanced passenger comfort.
Get an overview of this study by requesting a free sample
The exponential growth of the aviation industry – The aviation industry has been growing due to changing economic, technological, and demographic factors. Increased urbanization and higher disposable income drive the demand for air travel, especially in developing economies. Additionally, technological advancements offering better fuel efficiency and economy are expanding the aviation market with greater applications worldwide. The military or defence sectors are emphasizing Fleet modernization, which will further contribute to the demand for advanced gearbox technologies. Aerospace manufacturers are catering to these increasing demands and, therefore, offer sophisticated, advanced and reliable gearbox systems. Therefore, the expanding aviation industry will drive the growth of the global aircraft gearbox market.
The high manufacturing, acquisition and maintenance costs – The design and development of aircraft gearboxes involves a significant amount of engineering and certification processes that are time-consuming and capital-intensive. Aircraft gearboxes use sophisticated materials, which further adds to the costs. More costs are added when aircraft systems are modified to integrate modern gearboxes. Regular inspections, wear and tear, and component replacements increase maintenance costs. Therefore, the high acquisition and maintenance costs will hamper the market's growth.
There is a growing need to improve fuel economy and ensure sustainability – advanced and sophisticated aircraft gearbox technologies drive sustainability and enable the aviation industry to contribute to a greener economy. They optimize engine performance and thereby enhance overall fuel efficiency. The incorporation of advanced propulsion systems helps reduce emissions and improve efficiency. Noise reduction and vibration damping achieved through gearbox technologies contribute to a quieter and more environmentally friendly aircraft operation. Furthermore, gearboxes facilitate the integration of hybrid and electric propulsion systems, aligning with the industry's exploration of greener technologies. These advancements will offer lucrative market growth opportunities during the forecast period.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global aircraft gearbox market, with a 43% market revenue share in 2022.
America has been the global leader in aviation innovation in civilian and military aircraft. Technological innovations, high military spending, and a greater presence of key market players will contribute to the market's growth. A heightened focus on environmentally friendly propulsion systems will augment the market's growth and development.
North America Region Aircraft Gearbox Market Share in 2022 - 43%
Check the geographical analysis of this market by requesting a free sample
The application segment is divided into turbofan, turboprop, turboshaft, turbojet, and piston engine. The turbofan segment dominated the market, with a market share of around 37% in 2022. A turbofan engine is a gas turbine engine used in aircraft propulsion, characterized by a large fan at the front. Turbofans are crucial for aviation due to their fuel efficiency, low noise levels, and high thrust, which make them ideal for modern air travel. They offer operational flexibility and superior fuel efficiency, which has increased their demand in the aviation industry. The benefits of gearboxes for turbofan engines translate to improved fuel efficiency, operational adaptability, and reduced noise, which contributes significantly to the effectiveness of turbofan engines in aviation.
The gearbox type segment is divided into accessory gearbox, reduction gearbox, tail rotor gearbox, actuator gearbox, auxiliary power unit (APU) gearbox, and others. The reduction gearbox segment dominated the market, with a market share of around 34% in 2022. a reduction gearbox is responsible for fine-tuning the engine's performance. It is responsible for the smooth operation of the flight. It optimises power output, especially during take-off, climb, and cruising. It regulates the engine performance during different flight phases. It helps enhance efficiency, reduces unnecessary fuel consumption, and protects components from wear and tear.
The aircraft type segment is divided into commercial aircraft, military aircraft and general aviation aircraft. The commercial aircraft segment dominated the market, with a market share of around 45% in 2022. Commercial aircraft are designed to carry passengers and cargo for airlines. The increasing trade and commerce globally are driving the demand for commercial aircraft, and the market is also anticipated to grow during the forecast period. The increasing demand for air travel and fleet modernization by manufacturers and market players contributes positively to the market's growth. The future looks promising for the commercial aircraft market, and with ongoing technological innovation, the segment will continue to dominate the global market.
The end-user segment is divided into OEMs, airline operators, MROs and others. The OEM segment dominated the market, with a market share of around 49% in 2022. OEMs, or Original Equipment Manufacturers, are responsible for designing, manufacturing, and supplying the primary components of aircraft. They are vital to the aviation industry. The substantial investment in research and development by OEMs to advance the aircraft gearbox technology will drive the segment’s growth. OEMs offer cutting-edge technologies and integrated systems. Their global presence, economies of scale, and ability to provide comprehensive aftermarket services contribute to their dominance.
|Revenue (USD Billion)
|Market size value in 2022
|USD 4 Billion
|Market size value in 2032
|USD 7.86 Billion
|CAGR (2023 to 2032)
|The regions analyzed for the market are Asia Pacific, Europe, South America, North America, the Middle East and Africa. Furthermore, the regions are further analyzed at the country level.
|Application, Gearbox Type, Aircraft Type and End User
As per The Brainy Insights, the size of the global aircraft gearbox market was valued at USD 4 billion in 2022 to USD 7.86 billion by 2032.
Global aircraft gearbox market is growing at a CAGR of 7% during the forecast period 2023-2032.
The market's growth will be influenced by the exponential growth of the aviation industry.
The high manufacturing, acquisition and maintenance costs could hamper the market growth.
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global aircraft gearbox market based on below mentioned segments:
Global Aircraft Gearbox Market by Application:
Global Aircraft Gearbox Market by Gearbox Type:
Global Aircraft Gearbox Market by Aircraft Type:
Global Aircraft Gearbox Market by End User:
Global Aircraft Gearbox Market by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date