Aircraft Gearbox Market By Application (Engine, Airframe), By Component (Gear, Housing, Bearing, Others), By End Use (Commercial Aircraft, Military Aircraft, Helicopters), By Sales Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031
Transmission is another name for a gear box. A collection of gears and their case, most frequently seen in vehicles, are simply referred to as gear boxes. Transmissions enable machinery to run effectively and even help slow down and shut down machinery because most motor vehicle engines have high operating and idle speeds. Automobiles, turbines, and large machines all employ gearboxes to transmit energy from one spinning power source to another. An aircraft gearbox refers to a transmission in an aircraft, curtaining to the entire system that transfers power between two places, such the MGB and the tail rotor. Typically employed to change rotational speed, gearboxes are a part of the transmission system
The growth of aircraft gearbox market is driven by factors such as extensive research and development efforts taken by global players to improve operational efficiency of an Aircraft Gearbox and reduce overall carbon footprint, increase in passenger traffic across the globe catering to a positive surge in aviation industry, rise in infrastructure investment, and efforts by regional government to develop indigenous manufacturing capacities. Moreover, the aircraft gearbox market is directly proportional to the rise in demand of aircrafts across the globe. Boeing predicted in its 2021 Commercial Market Outlook (CMO) that there would be a demand for approximately 43,000 aircraft over the next 20 years, up 500 from its prediction for 2020, with a market worth of over $7.2 trillion. The manufacturing and supply chain industry will also play a major role in defining the market consolidation of Aircraft Gearbox. With respect to current Russia Ukraine war, major Aircraft Gearbox manufacturers such as Boeing, General Electric, Rolls Royce, and CFM international are withdrawing from the Russian market. These players are actively looking for new raw material suppliers from Africa, Asia-Pacific or North America regions in effort to reduce their depends from Europe.
The global aircraft gearbox market is segmented on the basis of application, component, end use and sales channel. By application, it is categorized into engine and airframe. The engine segment is further sub divided into piston and turboprop engine, turbojet engine, turboshaft engine, and turbofan engine. Depending upon component, the market is fragmented into gear, housing, bearing, and other. By end use, it is divided into commercial aircraft, military aircraft and helicopters. The commercial aircraft segment is further segmented into narrow body, wide body, regional & business jet, and freighter. The military aircraft segment is sub-divided into combat aircraft, special mission aircraft, tanker and transport, and training aircraft. The sales channel segment is bifurcated into original equipment manufacturer (OEM) and aftermarket. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Companies have adopted product development and product launch as their key development strategies in the aircraft gearbox industry. Moreover, collaborations and acquisitions are expected to enable leading players to enhance their product portfolios and expand into different regions. The key players that operate in the aircraft gearbox market are General Electric, Boeing, Safran, Rolls Royce, Triumph Group, Regal Rexnord, and PBS Group.
KEY BENEFITS FOR STAKEHOLDERS
This study presents the analytical depiction of the global aircraft gearbox market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall aircraft gearbox market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global aircraft gearbox market with a detailed impact analysis.
The current aircraft gearbox market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Application
Engine
Application
Piston and Turboprop Engine
Turbojet Engine
Turboshaft Engine
Turbofan Engine
Airframe
By Component
Gear
Housing
Bearing
Others
By End Use
Commercial Aircraft
End Use
Narrow Body
Wide Body
Regional and Business Jet
Freighter Aircraft
Military Aircraft
End Use
Combat Aircraft
Special Mission Aircraft
Tanker and Transport
Training Aircraft
Helicopters
By Sales Channel
OEM
Aftermarket
By Region
North America
U.S.
Canada
Mexico
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Aero Gear
PBS Group
Northstar Aerospace
General Electric
Triumph Group
AVION Technologies INC
Safran
Rolls-Royce plc
Regal Rexnord
Boeing
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