Market Overview:
The global aircraft engine gearbox market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for civil and military aircraft across the globe. Additionally, the increasing adoption of advanced technologies in aircraft engine gearboxes is also contributing to the growth of this market. Based on type, the global aircraft engine gearbox market can be segmented into reduction gearbox (RGB), accessory gearbox (AGB), actuation gearbox, tail rotor gearbox, APU-gear box and others. The RGB segment is expected to account for a major share of this market during the forecast period owing to its high demand in civil and military aircraft applications. By application,the global Aircraft Engine Gear Box Market can be divided into civil aviation and military aviation segments.
Product Definition:
The aircraft engine gearbox is a component of the aircraft engine that transmits power from the engine to the propeller. The importance of the aircraft engine gearbox is that it transfers power from the engine to the propeller in order to create thrust and propel the aircraft.
Reduction Gearbox (RGB):
Reduction gearbox (RGB) is an essential component in aircraft engine transmissions. It reduces the speed of a high-speed output shaft by reducing the rotational speed of a main rotor. The reduction gearbox is located between the main and tail rotors, usually within an engine cowling or nacelle.
Accessory Gearbox (AGB):
An accessory gearbox is a mechanical device that is installed in an aircraft engine. It helps in changing the speed of the propeller by reducing its rotation when the engines are not operating at their optimum speed. The change in rotational speed helps to increase fuel efficiency and reduce power consumption, which ultimately reduces emissions and increases environmental sustainability.
Application Insights:
The military aircraft application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing defense budgets across various countries, including China, India and Russia. Moreover, governments are promoting civil-military integration which will result in increased demand for aircraft engines over the coming years.
Civil Aircraft Application Segment includes regional jets, narrow-body airliners (Boeing 737/ Airbus A320), wide-body airliners (Boeings 767/Airbus A330) and large turboprops (V2500). Demand for civil aircraft is driven by rising passenger traffic on medium range routes especially between Europe and North America with hubs mainly located in UK, Netherlands Belgium & Spain as per FlightStats Inc., an aviation tracking company.
Regional Analysis:
Asia Pacific dominated the global aircraft engine gearbox market in 2016 and is expected to continue over the forecast period. The region comprises developing countries such as India, China, and Japan. These countries are witnessing strong economic growth owing to various factors such as industrial development, urbanization, population growth, etc. This has resulted in an increase in aviation activities across these regions which will drive demand for aircraft engines over the forecast period.
The U.S., being a developed economy with high disposable income of consumers and business owners is one of the most lucrative markets for aerospace manufacturers across all industry verticals globally including OEMs & ODM providers of aircraft components & systems including aircraft engines (gearboxes). North America also holds a significant share due to increasing military expenditure by governments worldwide coupled with growing commercial airline traffic on account of improving economic conditions within individual economies such as Canada and Mexico are anticipated to drive regional product demand over the next eight years from 2017 to 2030 (forecast).
Growth Factors:
- Increasing demand for aircraft engine gearboxes from the commercial and military sectors due to the growth in air travel and defense spending, respectively.
- The increasing use of aircraft engine gearboxes in unmanned aerial vehicles (UAVs) and other aerospace applications.
- The development of more fuel-efficient and environmentally friendly aircraft engines that require lighter, more compact gearboxes.
- The growing popularity of retrofitting older aircraft with newer, more fuel-efficient engines, which requires replacement or upgrading of the existing gearbox systems.
- Technological advancements that lead to increased reliability and performance of aircraft engine gearboxes
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Engine Gearbox Market Research Report
By Type
Reduction Gearbox (RGB), Accessory Gearbox (AGB), Actuation Gearbox, Tail Rotor Gearbox, APU-Gearbox, Others
By Application
Civil Aircraft, Military Aircraft
By Companies
Aero Gearbox International, Aero Gear, Avion, CEF Industries, Liebherr, Northstar Aerospace, PBS Velka Bites, Safran, SKF, Triumph, Aero Gearbox International
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
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Engine Gearbox Market Report Segments:
The global Aircraft Engine Gearbox market is segmented on the basis of:
Types
Reduction Gearbox (RGB), Accessory Gearbox (AGB), Actuation Gearbox, Tail Rotor Gearbox, APU-Gearbox, Others
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
Civil Aircraft, Military Aircraft
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:
- Aero Gearbox International
- Aero Gear
- Avion
- CEF Industries
- Liebherr
- Northstar Aerospace
- PBS Velka Bites
- Safran
- SKF
- Triumph
- Aero Gearbox International
Highlights of The Aircraft Engine 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:
- Reduction Gearbox (RGB)
- Accessory Gearbox (AGB)
- Actuation Gearbox
- Tail Rotor Gearbox
- APU-Gearbox
- Others
- By Application:
- Civil Aircraft
- Military Aircraft
- 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 Aircraft Engine 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 aircraft engine gearbox is a mechanical device that allows an aircraft engine to turn. It consists of gears, shafts, and bearings that allow the engine to rotate at high speeds. The gearbox also helps transfer power from the propeller to the airplane's wings and other engines.
Some of the key players operating in the aircraft engine gearbox market are Aero Gearbox International, Aero Gear, Avion, CEF Industries, Liebherr, Northstar Aerospace, PBS Velka Bites, Safran, SKF, Triumph, Aero Gearbox International.
The aircraft engine gearbox market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Engine 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 Aircraft Engine Gearbox Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Engine 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 Aircraft Engine 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 Aircraft Engine Gearbox Market Size & Forecast, 2020-2028
4.5.1 Aircraft Engine Gearbox Market Size and Y-o-Y Growth
4.5.2 Aircraft Engine Gearbox Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Reduction Gearbox (RGB)
5.2.2 Accessory Gearbox (AGB)
5.2.3 Actuation Gearbox
5.2.4 Tail Rotor Gearbox
5.2.5 APU-Gearbox
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Civil Aircraft
6.2.2 Military Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Engine 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 Aircraft Engine 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Reduction Gearbox (RGB)
9.6.2 Accessory Gearbox (AGB)
9.6.3 Actuation Gearbox
9.6.4 Tail Rotor Gearbox
9.6.5 APU-Gearbox
9.6.6 Others
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 Market Size Forecast by Applications
9.10.1 Civil Aircraft
9.10.2 Military Aircraft
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Reduction Gearbox (RGB)
10.6.2 Accessory Gearbox (AGB)
10.6.3 Actuation Gearbox
10.6.4 Tail Rotor Gearbox
10.6.5 APU-Gearbox
10.6.6 Others
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 Market Size Forecast by Applications
10.10.1 Civil Aircraft
10.10.2 Military Aircraft
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Reduction Gearbox (RGB)
11.6.2 Accessory Gearbox (AGB)
11.6.3 Actuation Gearbox
11.6.4 Tail Rotor Gearbox
11.6.5 APU-Gearbox
11.6.6 Others
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 Market Size Forecast by Applications
11.10.1 Civil Aircraft
11.10.2 Military Aircraft
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Reduction Gearbox (RGB)
12.6.2 Accessory Gearbox (AGB)
12.6.3 Actuation Gearbox
12.6.4 Tail Rotor Gearbox
12.6.5 APU-Gearbox
12.6.6 Others
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 Market Size Forecast by Applications
12.10.1 Civil Aircraft
12.10.2 Military Aircraft
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Reduction Gearbox (RGB)
13.6.2 Accessory Gearbox (AGB)
13.6.3 Actuation Gearbox
13.6.4 Tail Rotor Gearbox
13.6.5 APU-Gearbox
13.6.6 Others
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) Market Size Forecast by Applications
13.10.1 Civil Aircraft
13.10.2 Military Aircraft
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 Aircraft Engine Gearbox Market: Competitive Dashboard
14.2 Global Aircraft Engine Gearbox Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aero Gearbox International
14.3.2 Aero Gear
14.3.3 Avion
14.3.4 CEF Industries
14.3.5 Liebherr
14.3.6 Northstar Aerospace
14.3.7 PBS Velka Bites
14.3.8 Safran
14.3.9 SKF
14.3.10 Triumph
14.3.11 Aero Gearbox International
