Aircraft Gearbox Assembly Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Aircraft Gearbox Assembly Market Growth and Trends
The aircraft gearbox market is anticipated to grow from USD 3.3 billion in 2019 to USD 4.3 billion by 2025, at a compound annual growth rate of 4.8% during the forecast period.
Several factors predicted to drive this market include:
• Advancement in technology that has provided timely upgrades in the aircraft industry
• The increased number of schedules in the maintenance operations of aircrafts
• The significant conservation of energy thus, saving fuel in large amounts which drives the market on large scale because the conservation of fuel is all what end-users expect
• The increased utilization of aircraft gearboxes in the military sectors of most developing nations that boosts the growth in the market because defense industries now fully rely on this market to fulfill their necessities regarding aircraft
• The rise in innovation of lightweight gearboxes that are rich in demand ever since its innovation to ensure the ease and flexibility of end-users
• Rising investments in research and development of open engines and geared turbofan engines in aircrafts that has increased the demand for aircraft gearboxes
• The increasing trend of promoting a sustainable and eco-friendly environment in today’s atmosphere that further provides a lucrative rise in the gearbox expansion in the aviation sector
• The rising commercial aircraft deliveries system
• The increasing sizes of aircraft fleets that requires diversity and digitalization in the market growing its economy furthermore
• The rising organic development in the civil and military aviation sectors that propels the demand for aircraft gearboxes that provide efficiency with effectiveness
• The increasing need for automation with increased productivity that will also enable the reduced costs for labor due to automated systems further propelling the market growth
• Stringent government regulations imposed on the market that boosts the aircraft gearbox market during its forecast horizon
• The increased concern to improve the fuel economy in the gearbox market
• The ability to provide a quieter flight experience and high efficiency in the engine radars of the aircraft that drives the market growth
• The rapid expansion in the aviation and aerospace industry that increases the need for highly reliable gearboxes.
Challenges:
Some challenges faced by the aircraft gearbox market includes:
• The lower rate of torsional stiffness and the possibility of mechanical performance lags due to the preload in aircrafts that would arise a need for alternatives by consumers, pilots and passengers for an undisturbed flight experience
• An increased possibility of vibrations in the whole gearbox network that could reduce the workable potential in the aircraft’s engine and also cause severe wearing away of its parts, thus causing an extreme decline in the utilization rate of these gearboxes in the airline industry because where there are limitations and uncertainties consumers would not like to invest in such equipment initially itself, thus gradually hampering the growth of the airline gearbox market
• Larger limitations during flight under extreme conditions like high altitudes where there is a possibility of faults growing in the engines due to improper implementation of the gearbox which could impose threats to the lives on board, thus giving another reason for flight engineers to not use these aircraft gearboxes market, which hampers its growth furthermore.
• The requirement of high initial investments and costs on this equipment that flight agencies who have just started up business would not be able to afford, hence shifting for alternative resolutions
Aircraft Gearbox Assembly Industry Regional Analysis
Aircraft Gearbox Assembly Market Research Report Scope/Definition
For the purpose of this market research report, aircraft gearbox assembly is defined as the process of packaging the essentials needed for supplying air, fuel, and electronics to the airplane plus lift capabilities through power transmissions and tail rotors. Rising commercial aircraft fleet numbers with a desire for Pure-Power Geared Turbofan (GTF) engines, increasing aircraft fleet size, technological advancements in the gearbox assembly industry, and lightweight gearboxes are the apparent factors igniting the growth of the aircraft gearbox assembly market. The need to have more aircraft gearbox assembly industries is multiplying from major aircraft makers due to the aircraft industry competitive nature. New economies such as China, India, and Russia offer several untapped and un-explored markets because of both military and commercial aviation industries growing spending. The rising numbers of people traveling via planes and increased budget on the military by governments worldwide will prove critical in pushing for more aircraft gearbox assembly industries.
Aircraft Gearbox Assembly Market Share and Competition
Key companies operating in this industry are: Liebherr, Safran, United Technologies Corporation, SKF, GE Aviation and Triumph Group, among others.
Aircraft Gearbox Assembly Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
End-User Analysis (Revenue, USD Million, 2021 - 2028)
• OEM
• Aftermarket
Aircraft Type Analysis (Revenue, USD Million, 2021 - 2028)
• Civil Aircraft
• General Aviation Aircraft
• Commercial Aircraft
• Narrow Body Aircraft
• Wide-Body Aircraft
• Very Large Aircraft
• Regional Transport Aircraft
• Civil Helicopters
• Military Aircraft
• Fighter Jets
• Military Helicopters
• Transport Carriers
Component Analysis (Revenue, USD Million, 2021 - 2028)
• Gears
• Housing
• Bearing
• Others (Shafts, Couplings, Covers)
Gearbox Type Analysis (Revenue, USD Million, 2021 - 2028)
• Accessory Gearbox
• Reduction Gearbox
• Actuation Gearbox
• Tail Rotor Gearbox
• Auxiliary Power Unit Gearbox
• Others (Transfer Gearboxes and Angular Gearboxes)
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Engine
• Airframe
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Aircraft Gearbox Assembly Industry Companies
• Liebherr
• Safran
• United Technologies Corporation
• SKF (Sweden)
• GE Aviation
• Triumph Group
Available Versions of Aircraft Gearbox Assembly Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
