Market Overview:
The global aerospace gearbox market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018-2030), according to a new study by Transparency Market Research (TMR). The market is expected to be worth US$ 3,521.4 Mn by 2030. The key factor driving the growth of the global aerospace gearbox market is the increasing demand for commercial aircrafts across the globe. In addition, rising demand for regional aircrafts and helicopters are also propelling the growth of this market. Furthermore, development of advanced technologies and increase in R&D investments are anticipated to offer lucrative opportunities for players operating in this market during the forecast period.
Product Definition:
A gearbox is a device used to change the speed and torque of an input shaft by the use of gears. In aerospace applications, it is often necessary to transmit power between two rotating shafts that are not in line with each other. This can be accomplished using a gearbox that allows for angular displacement between the input and output shafts.
AGB(Accessory Gearbox):
The global AGB (Accessory Gearbox) market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand for lightweight, fuel-efficient, and technologically advanced aircraft across commercial as well as defense sectors worldwide.
RGB(Reduction Gearbox):
The reduction gearbox is a type of mechanical device used to decrease the speed of a rotating member. The main application areas for these devices are aerospace and automobile industries. In an automobile, they are used in manual transmission vehicles where the power train speed cannot be decreased below 575 rpm without affecting the engine performance or efficiency.
In an aircraft, they are used to decrease the rotational speed of main rotor blades without affecting its flight characteristics or efficiency.
Application Insights:
The commercial aircraft segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in air traffic across major airports worldwide, especially after the COVID-19 pandemic that has resulted in a decline in passenger travel owing to economic constraints caused by high fuel prices and other costs involved.
Regional aircraft are expected to witness significant growth over the forecast period owing to their usage as business aviation solution providers with various features such as Wi-Fi hot spots, power outlets, conference rooms and lavatories have made regional jets fly off shelves since 2015. The segment is anticipated register considerable gains from 2018 through 2030 on account of increasing demand for regional jets among business owners who require only a few seats for their staff instead of using larger executive class airplanes or private planes which cost more per seat flown than regional jetliners do.
Regional Analysis:
The market in the Asia Pacific and Middle East & Africa is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for commercial aircraft, rising military spending by countries such as China and India, and growing adoption of helicopters. In addition, booming tourism industry in these regions will drive the demand for aircraft maintenance services thereby driving market growth.
Asia Pacific dominated the global aerospace gearbox market with a revenue share of over 38% in 2017 owing to high investments made by governments towards manufacturing new aircraft types along with an increase in military spending by countries such as China and India are anticipated to drive regional product demand over next eight years. Moreover, rise in air passenger traffic has been fueling need for new planes which will further fuel product sales across this region. For instance; Airbus A320 family accounted for more than 80% of all single-aisle deliveries worldwide from 2013 through 2016 despite being introduced nearly 20 years ago (in 1997).
Growth Factors:
- Increasing demand for aircrafts in the commercial and defense sectors is expected to drive the growth of the aerospace gearbox market.
- The increasing adoption of electric aircrafts is also anticipated to fuel the demand for aerospace gearboxes in the coming years.
- Growing investments in R&D activities for developing advanced gearbox technologies is projected to propel the growth of this market during the forecast period.
- The increasing use of composite materials in aerospace applications is expected to create new opportunities for players operating in this market over the next few years.
- Rising awareness about energy-efficient gears among end-users is likely to boost demand for aerospace gearboxes over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Gearbox Market Research Report
By Type
AGB(Accessory Gearbox), RGB(Reduction Gearbox), Actuation Gearbox, Tail Rotor Gearbox, APU(Auxiliary Power Unit )Gearbox
By Application
Commercial Aircraft, Regional Aircraft, Military Aircraft, Helicopter
By Companies
Kawasaki Heavy Industries, Aero Gear Inc, AB SKF, BMT Aerospace, Avio Aero, Raytheon Technologies Corporation, Northstar Aerospace Inc, Safran Transmission Systems SA, Liebherr, Timken Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Gearbox Market Report Segments:
The global Aerospace Gearbox market is segmented on the basis of:
Types
AGB(Accessory Gearbox), RGB(Reduction Gearbox), Actuation Gearbox, Tail Rotor Gearbox, APU(Auxiliary Power Unit )Gearbox
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Aircraft, Regional Aircraft, Military Aircraft, Helicopter
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kawasaki Heavy Industries
- Aero Gear Inc
- AB SKF
- BMT Aerospace
- Avio Aero
- Raytheon Technologies Corporation
- Northstar Aerospace Inc
- Safran Transmission Systems SA
- Liebherr
- Timken Company
Highlights of The Aerospace Gearbox Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AGB(Accessory Gearbox)
- RGB(Reduction Gearbox)
- Actuation Gearbox
- Tail Rotor Gearbox
- APU(Auxiliary Power Unit )Gearbox
- By Application:
- Commercial Aircraft
- Regional Aircraft
- Military Aircraft
- Helicopter
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace Gearbox Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An aerospace gearbox is a type of mechanical transmission used in aircraft and spacecraft. It consists of a number of gears that mesh with one another to allow the engine to be turned.
Some of the major players in the aerospace gearbox market are Kawasaki Heavy Industries, Aero Gear Inc, AB SKF, BMT Aerospace, Avio Aero, Raytheon Technologies Corporation, Northstar Aerospace Inc, Safran Transmission Systems SA, Liebherr, Timken Company.
The aerospace gearbox market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Gearbox Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace Gearbox Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Gearbox Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace Gearbox Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace Gearbox Market Size & Forecast, 2018-2028
4.5.1 Aerospace Gearbox Market Size and Y-o-Y Growth
4.5.2 Aerospace Gearbox Market Absolute $ Opportunity
Chapter 5 Global Aerospace Gearbox Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aerospace Gearbox Market Size Forecast by Type
5.2.1 AGB(Accessory Gearbox)
5.2.2 RGB(Reduction Gearbox)
5.2.3 Actuation Gearbox
5.2.4 Tail Rotor Gearbox
5.2.5 APU(Auxiliary Power Unit )Gearbox
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aerospace Gearbox Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aerospace Gearbox Market Size Forecast by Applications
6.2.1 Commercial Aircraft
6.2.2 Regional Aircraft
6.2.3 Military Aircraft
6.2.4 Helicopter
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Gearbox Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Gearbox Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aerospace Gearbox Analysis and Forecast
9.1 Introduction
9.2 North America Aerospace Gearbox Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aerospace Gearbox Market Size Forecast by Type
9.6.1 AGB(Accessory Gearbox)
9.6.2 RGB(Reduction Gearbox)
9.6.3 Actuation Gearbox
9.6.4 Tail Rotor Gearbox
9.6.5 APU(Auxiliary Power Unit )Gearbox
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aerospace Gearbox Market Size Forecast by Applications
9.10.1 Commercial Aircraft
9.10.2 Regional Aircraft
9.10.3 Military Aircraft
9.10.4 Helicopter
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aerospace Gearbox Analysis and Forecast
10.1 Introduction
10.2 Europe Aerospace Gearbox Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aerospace Gearbox Market Size Forecast by Type
10.6.1 AGB(Accessory Gearbox)
10.6.2 RGB(Reduction Gearbox)
10.6.3 Actuation Gearbox
10.6.4 Tail Rotor Gearbox
10.6.5 APU(Auxiliary Power Unit )Gearbox
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aerospace Gearbox Market Size Forecast by Applications
10.10.1 Commercial Aircraft
10.10.2 Regional Aircraft
10.10.3 Military Aircraft
10.10.4 Helicopter
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aerospace Gearbox Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aerospace Gearbox Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aerospace Gearbox Market Size Forecast by Type
11.6.1 AGB(Accessory Gearbox)
11.6.2 RGB(Reduction Gearbox)
11.6.3 Actuation Gearbox
11.6.4 Tail Rotor Gearbox
11.6.5 APU(Auxiliary Power Unit )Gearbox
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aerospace Gearbox Market Size Forecast by Applications
11.10.1 Commercial Aircraft
11.10.2 Regional Aircraft
11.10.3 Military Aircraft
11.10.4 Helicopter
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aerospace Gearbox Analysis and Forecast
12.1 Introduction
12.2 Latin America Aerospace Gearbox Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aerospace Gearbox Market Size Forecast by Type
12.6.1 AGB(Accessory Gearbox)
12.6.2 RGB(Reduction Gearbox)
12.6.3 Actuation Gearbox
12.6.4 Tail Rotor Gearbox
12.6.5 APU(Auxiliary Power Unit )Gearbox
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aerospace Gearbox Market Size Forecast by Applications
12.10.1 Commercial Aircraft
12.10.2 Regional Aircraft
12.10.3 Military Aircraft
12.10.4 Helicopter
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aerospace Gearbox Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aerospace Gearbox Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aerospace Gearbox Market Size Forecast by Type
13.6.1 AGB(Accessory Gearbox)
13.6.2 RGB(Reduction Gearbox)
13.6.3 Actuation Gearbox
13.6.4 Tail Rotor Gearbox
13.6.5 APU(Auxiliary Power Unit )Gearbox
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aerospace Gearbox Market Size Forecast by Applications
13.10.1 Commercial Aircraft
13.10.2 Regional Aircraft
13.10.3 Military Aircraft
13.10.4 Helicopter
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Gearbox Market: Competitive Dashboard
14.2 Global Aerospace Gearbox Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kawasaki Heavy Industries
14.3.2 Aero Gear Inc
14.3.3 AB SKF
14.3.4 BMT Aerospace
14.3.5 Avio Aero
14.3.6 Raytheon Technologies Corporation
14.3.7 Northstar Aerospace Inc
14.3.8 Safran Transmission Systems SA
14.3.9 Liebherr
14.3.10 Timken Company
