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Aircraft Gearbox Market Size, Growth Potential Analysis, Porters Analysis, Pricing Trend, Regulatory Landscape & Forecast, 2024 – 2032

  • Report ID: GMI3295

Aircraft Gearbox Market Size

Aircraft Gearbox Market will experience a dynamic growth between 2024 and 2032, fueled by new developments in advanced aviation parts and a surge in air passenger traffic.
 

As air travel becomes more accessible and urban air mobility concepts become a reality, the need for reliable gearbox technologies to support these aircraft will continue to grow, presenting lucrative opportunities for market players. Gearbox helps in decreasing noise while venting exhaust gases away from the engine and fuselage. They provide the required heat for the cabin and the carburetor indirectly.
 

There is increasing focus on aircraft safety and reliability, pushing product integration for enhanced monitoring and diagnostic capabilities. Gearbox manufacturers are leveraging digitalization and predictive maintenance technologies to develop smarter gearbox solutions capable of detecting potential issues before they escalate, thereby minimizing the risk of in-flight failures and improving overall aircraft safety.
 

Aircraft Gearbox Market Trends

The rising trend towards electric and hybrid-electric propulsion systems in the aviation industry is creating new opportunities for gearbox manufacturers. As electric propulsion becomes more prevalent, the demand for gearbox solutions optimized for electric motors is expected to surge, driving market growth.
 

Aircraft Gearbox Market Analysis

The accessory segment is expected to grow rapidly through 2032, owing to the utility of an accessory gearbox in operating tachogenerators, fuel and oil pumps, and various other devices that are necessary for effective engine operation. They also provide power for hydraulic, pneumatic, and electrical systems in aircraft. Growing deliveries of commercial aircraft will have a positive effect on segment growth.
 

The commercial aircraft segment is predicted to witness promising growth through 2032 driven by the development of new aircraft models. Increasing fleet size of commercial flights will fuel the demand for aircraft gearboxes. A rise in the number of aircraft deliveries to meet the surging cargo and passenger traffic across the globe would complement industry expansion.
 

North America aircraft gearbox market is anticipated to witness robust expansion during 2024 and 2032, due to the increasing need for lightweight, turboprop engine aircraft, and fuel-efficient pistons. With the presence of several gearbox and component suppliers, OEMs, engine makers, and distributors across the region, the region is utilizing its resources to their full capacity and is expected to emerge as the optimal manufacturing capital in the aircraft sector. Rising number of R&D investments in a gearboxes and expansion activities carried out by leading aircraft manufacturers like Lockheed Martin in the region will reinforce the industry forecast.
 

Aircraft Gearbox Market Share

The existence of some well-known players such as:

  • North Star Aerospace
  • CEF Industries, LLC
  • Safran S.A.
  • Aero Gearbox International
  • The Boeing Group
  • The Liebherr Group
     

These companies are implementing strategic initiatives like collaborations, mergers, acquisitions, and investments, to strengthen their business presence.
 

Aircraft Gearbox Market News

  • In September 2023, India based Skanda Aerospace Technology (SATPL), a partnership between Raghu Vamsi Machine Tools in India, and Rave Gears LLC in Texas, USA, opened its first advanced gear and gear boxes manufacturing facility.

What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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