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Aircraft Gearbox Market

Aircraft Gearbox Market by Application (Engine, Airframe), by Type (Reduction, Accessory, Actuation, Tail Rotor, APU), by End User (OEM, Aftermarket), by Platform (Civil, Military), by Component (Gears, Housing, Bearing), and Region | Global Market Forecast to 2022-2028

Report Id: SNS/A&D/1094 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aircraft Gearbox Market Size was valued at USD 3 billion in 2021, and expected to reach USD 4.8 billion by 2028, and grow at a CAGR of 7% over the forecast period 2022-2028. Gearbox is a transfer system used to change rotation speed. Many jet engines are equipped with accessory drive gearboxes that drive the required AC generators, electric pumps, oil pumps, and other accessories. If the engine has more than one compressor part, the gearbox is powered by single compressor drive shafts. The gearbox uses a lowering gear to reduce the shaft speed between the two engines. In turbofan, the fan-turned turbojet engine, part of the fan is much slower than half of the turbine. Therefore, the gearbox works to connect the shafts and reduce engine speed.

Aircraft Gearbox Market Revenue Graph

MARKET DYNAMICS

KEY DRIVERS

  • lightweight gearboxes

  • Pure Power Geared Turbofan motors

  • Strict government regulations.

RESTRAINTS

  • Using turboprop engines at high altitudes

  • Surveillance & intelligence gathering

  • High altitudes causes

OPPORTUNITIES

  • Increased R&D.

  • Two rows of propellers.

  • Fuel savings.

CHALLENGES

  • High cost

  • Major challenges

  • Significant investment in R&D.

THE IMPACT OF COVID-19

Aircraft gearbox companies are facing temporary operational problems due to supply problems and a shortage of entry points due to the COVID-19 outbreak.

COVID-19 has forced governments to suspend all integration and production activities, including the aviation industry.

The total closure of several countries due to COVID-19 has had a direct impact on security agencies delaying the purchase of aircraft gearboxes from aircraft carrier suppliers.

The COVID-19 epidemic puts a lot of pressure on aircraft gear companies by increasing the cost of airplane equipment.

The aviation industry has seen a sharp decline in flight hours as a large number of international and domestic flights are canceled globally to prevent the spread of COVID-19.

IMPACT OF UKRAINE AND RUSSIA CRISIS:

Russia's invasion of Ukraine and air traffic controls pose significant challenges to international airlines as hundreds of airlines flying in Russia's airspace now have to choose alternatives, leading to increased operating costs due to increased fuel burning. The sector is facing a crisis as ATF prices also rise due to rising green prices.

Airlines are considering the impact as the international aviation map could be reprinted due to the Russian invasion of Ukraine. Ukraine has been banned from flights since February 24 after Russia stepped up its military development in the country. Following the Moscow invasion of Ukraine, the European Union, Canada closed its airline on Russian flights. The US has also banned Russian flights from American airspace

KEY MARKET PLAYERS:

Liebherr, Safran, Triumph Group, Northstar Aerospace, CEF Industries, LLC, AERO GEARBOX INTERNATIONAL, AERO GEAR, SKF, GE Aviation, United Technologies, Avion Corporation, and other players.

KEY MARKET SEGMENTS:

By Application

  • Engine

  • Airframe

By Type

  • Accessory

  • Reduction

  • Actuation

  • Tail Rotor

  • Auxiliary Power Unit

  • Others

By Component

  • Gear

  • Housing

  • Bearings

  • Others

By platform

  • Civil

  • military

By end user

  • OEM

  • Aftermarket

  • By Platform

  • Civil

  • Military

Aircraft Gearbox Market Segment Chart

REGIONAL ANALYSIS

The Aircraft gearbox market has been established in North America, Europe, Asia Pacific, and the rest of North America dominated the aircraft gearboxes market by 2020. speed, which dramatically increased demand for aircraft gears: The presence of key players, then GF Aerospace and Rexnord Corporations have been instrumental in boosting the growth of the North American aircraft gearbox market. The market in Europe is expected to grow slowly due to the presence of prominent CEM airlines such as Airbus SAS and Rolls Royce with technologies to enhance the market growth in the region. The market in the Asia Pacific region is expected to register the highest CAGR in the forecast period. Countries such as China and Japan are likely to continue to play a significant role in the region, while India, due to its rapid growth in the commercial aviation industry, is emerging as a fast-growing market. The Middle East has potential buyers such as Emirates, Qatar, Eshed and many other emerging airlines that are major players in making the global aviation gear market grow during the forecast period.

REGIONAL COVERAGE

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Aircraft Gearbox Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3 Billion
Market Size by 2028 US$ 4.8 Billion
CAGR CAGR of 7% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Application (Engine, Airframe)
• by Type (Reduction, Accessory, Actuation, Tail Rotor, APU)
• by End User (OEM, Aftermarket)
• by Platform (Civil, Military)
• by Component (Gears, Housing, Bearing)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Liebherr, Safran, Triumph Group, Northstar Aerospace, CEF Industries, LLC, AERO GEARBOX INTERNATIONAL, AERO GEAR, SKF, GE Aviation, United Technologies, Avion Corporation, and other players.
Key Drivers • lightweight gearboxes
• Pure Power Geared Turbofan motors
RESTRAINTS • Using turboprop engines at high altitudes
• Surveillance & intelligence gathering


Frequently Asked Questions (FAQ) :

North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are major five region cover in this report.

Investing more on geared turbofan engines and R&D in open-rotor engine configuration has been increased.

The gear component segment is dominant the Aircraft Gearbox Market.

According to SNS insiders, the Aircraft Gearbox Market size was USD 2.9 billion in 2021 and is expected to reach USD 4.65 billion by 2028 with a CAGR of  7% over the forecasted period.

Yes, you will get an free sample of this report for that you have to make an contact with our team.


Table of Contents


1. Introduction
1.1 Market Definition 
1.2 Scope
1.3 Research Assumptions
 
2. Research Methodology


 
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges


 
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine War


 
5. Value Chain Analysis


 
6. Porter’s 5 forces model


 
7.  PEST Analysis
 
8. Global Aircraft Gearbox Market, By Application
8.1 Engine
8.2 Airframe

 

9. Global Aircraft Gearbox Market, By Type
9.1 Accessory
9.2 Reduction
9.3 Actuation
9.4 Tail Rotor
9.5 Auxiliary Power Unit
9.6 Others

 

10. Global Aircraft Gearbox Market, By Component
10.1 Gear
10.2 Housing
10.3 Bearings
10.4 Others

 

11. Global Aircraft Gearbox Market, By Platform
11.1 Civil 
11.2 military

 

12. Global Aircraft Gearbox Market, By end-user
12.1 OEM
12.2 Aftermarket
12.3 By Platform
12.4 Civil
12.5 Military

 

13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2    Canada
13.2.3    Mexico
13.3    Europe
13.3.1    Germany
13.3.2    UK
13.3.3    France
13.3.4    Italy
13.3.5    Spain
13.3.6    The Netherlands
13.3.7    Rest of Europe
13.4    Asia-Pacific
13.4.1    Japan
13.4.2    South Korea
13.4.3    China
13.4.4    India
13.4.5    Australia
13.4.6    Rest of Asia-Pacific
13.5    The Middle East & Africa
13.5.1    Israel
13.5.2    UAE
13.5.3    South Africa
13.5.4    Rest
13.6    Latin America
13.6.1    Brazil
13.6.2    Argentina
13.6.3    Rest of Latin America

 

14. Company Profiles
14.1 HITACHI LTD.
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 AB VOLVO
14.3 CATTERPILLAR INC.
14.4 CNH INDUSTRIAL N.V
14.5 DEERE AND COMPANY
14.6 DOOSAN INFRACOE CO.LTD
14.7 J C BAMFORD EXCAVATORS. LTD.
14.8 KOMATSU LTD.
14.9 Liebherr-international AG
14.10 XCMG GROUP

 

15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments

 

16. Conclusion
 

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