Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
In the intensely competitive Aircraft Gearbox industry, players use strategic efforts to gain market share and become leaders in innovative and dependable aircraft propulsion systems. Continuous R&D to create new gearbox technology is a vital market share positioning strategy. Companies provide lightweight, high-performance gearboxes to meet aircraft manufacturers' demands to improve efficiency, weight, and performance. Innovation positions organizations as leaders, demonstrating their dedication to providing cutting-edge gearbox solutions that support the aviation industry's propulsion technology improvements.
Aircraft Gearbox market share positioning depends on strategic partnerships and collaborations. Aviation technologies are diverse, therefore firms partner with engine, aircraft, and research organizations. Collective research and development allows gearbox solutions to be included into the aviation propulsion ecology. Strategic partnerships use combined experience, resources, and technology skills to deliver novel and interoperable gearbox solutions and boost a company's market position.
Additionally, creating gearboxes compatible with more electric aircraft (MEA) designs is crucial for Aircraft Gearbox market share. As the aviation industry moves toward cleaner, more sustainable propulsion systems, manufacturers are creating gearboxes for electrically driven components. This shows flexibility and positions enterprises as contributors to the industry's green aviation technology revolution.
industry share positioning in the Aircraft Gearbox industry requires strategic marketing and communication. Gearbox solution providers that successfully explain their skills, dependability, and technical advances stand out. Targeted marketing initiatives, industry events, and case studies help aircraft manufacturers and operators create brand credibility. Marketing techniques that position organizations as Aircraft Gearbox industry leaders influence procurement choices and gain market share.
Strategically, integrated modular gearbox designs are prioritized. Companies that simplify maintenance, reduce complexity, and improve reliability via integrated modular designs produce gearbox solutions that meet the industry's desire for streamlined aircraft systems. This trend presents enterprises as cost-effective and efficient solution providers to reduce aircraft operators' total cost of ownership.
Manufacturers are also preparing for the emergence of geared turbofan (GTF) engines. GTF-compatible gearbox manufacturers lead aviation propulsion innovation. GTF technology is growing, and firms who supply gearboxes with this trend exhibit a forward-thinking attitude to fuel-efficient and ecologically beneficial flying.
Advanced materials are strategically used in gearbox manufacture. Innovative gearbox manufacturers use lightweight, high-strength materials like composites and sophisticated alloys to improve durability and performance. This follows the aerospace industry's focus on materials innovation to reduce weight and fuel efficiency.
Aircraft Gearbox Market Highlights:
Global Aircraft Gearbox Market Overview
Aircraft Gearbox Market In On A Valuation Of 2.6 Billion By 2030, Global Market Is Likely To Grow at a Global CAGR Of 4.12% by 2020-2030
A gearbox is the component of a transmission system of aircraft gearbox placed along with shafts for changing rotational speed. In aircraft transmissions, a gearbox is used for reducing or increasing the speed at different points. Gearboxes have applications in military aircraft, commercial aircraft, helicopters, and business and general aviation.
Market Synopsis
Global Aircraft Gearbox Market is expected to register significant growth during the forecast period owing to factors such as the increasing number of aircraft deliveries and the growing demand for lightweight aircraft components. Furthermore, the growing investments in geared turbofan engines are also expected to drive the growth of the market. Additionally, the increasing contracts between companies such as SKF and the United Technologies Corporation are also expected to drive the growth of the market. For example, in March 2019, United Technologies Corporation and SKF signed a contract to deliver roller bearings, ball bearings, and main shaft bearings for United Technologies Corporation’s aerospace business.However, issues related to spalling, frosting and manufacturing defects, and high cost of development might hamper the growth of the market.
Market USP
The introduction of 3D printing for manufacturing aircraft parts helps reduce the cycle time of the manufacturing process. Additionally, complex aircraft parts such as gearboxes, fairings, doors, and others can be easily manufactured using 3D printing technology. This is expected to contribute to market growth during the forecast period.
Market Drivers
- Increasing air traffic
- Growing demand for new aircraft: The increasing demand for new aircraft owing to the rising air passenger traffic and airborne trade activities across the world.
- Rising demand for lightweight aircraft components
Market Restraints
- Issues related to spalling, frosting and manufacturing defects
- High cost of development
- Use of turboprop engines at high altitudes
Market Segmentation
By End-User
- OEM The segment dominated the market during the review period. The rising demand for new aircraft is expected to drive the demand for OEM aircraft gearbox in the global market.
- Aftermarket The segment is expected to grow at a higher CAGR during the forecast period, 2020 to 2026, owing to the large global aircraft fleet in operation is driving the demand for aftermarket for services for aircraft gearbox.
By Aircraft Type
- Civil Aircraft The segment dominated the market in 2019 and is expected to grow at the highest CAGR during the forecast period. The increasing commercial aircraft orders due to the rising air cargo across the world and rising air passenger traffic are expected to drive the growth of the segment.
- Military Aircraft The segment is expected to grow with a significant CAGR during the forecast period, 2020 to 2026, owing to the growing military expenditure of countries such as China and India.
By Component
- Gears The segment dominated the market in 2019 and is expected to grow at the highest CAGR during the forecast period, as they are used to transmit rotations and forces from the driving shaft to the driven shaft, which is expected to drive the growth of the segment.
- Housing The segment is expected to grow as housing components offer safety to interior mechanisms.
- Bearing The segment is expected to grow with a significant CAGR during the forecast period, 2020 to 2026, as bearings constrains relative motion to only the desired motion and reduces friction between moving parts.
- Others The others segment includes components such as the shafts, couplings, and covers.
By Region
- North America North America dominated the global aircraft gearbox market in 2019 due to the presence of prominent companies such as Raytheon Technologies Corporation and Rexnord Corporation.
- Europe The presence of prominent aircraft OEMs such as Airbus S.A.S is expected to drive the market growth in the region.
- Asia-Pacific The market in this region is projected to register the highest CAGR during the forecast period. The growing aviation industry in China, Japan and India is expected to increase the demand for aircraft gearbox in the region.
- Rest of the World Increasing aircraft deliveries in Gulf countries, Brazil, and South Africa are expected to increase the demand for aircraft gearbox in the region. Additionally, increasing investment by prominent airlines such as the Qatar Airlines and the Emirates Group in aircraft gearbox is expected to drive the market growth in the region.
Key Players
- Safran (France)
- Liebherr (Germany)
- Raytheon Technologies Corporation (US)
- Rexnord Corporation (US)
- Triumph Group (US)
- Rolls-Royce plc (UK)
- PBS Group, a. s. (Czech Republic)
- CEF Industries, LLC (US)
- AERO GEAR (US)
- ZF Luftfahrttechnik GmbH (Germany)
Other Prominent Players
- Avion Group (Netherlands)
- Northstar Aerospace (US)
- AeroControlex (US)
- AERO GEARBOX INTERNATIONAL (UK)
- SKF (Sweden)
- Aviop.A. (Italy)
Recent Development
Safran and Liebherr: These remain the top players, but unfortunately, specific recent developments aren't readily available in public news sources. These companies likely focus on continual improvement and may not announce them widely.
Triumph Group: In October 2020, they secured a contract to supply spare high-speed gearboxes for Lockheed C-5 Galaxy aircraft US military transport plane
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
