The global aircraft gearbox market revenue was around US$ 3 billion in 2021 and is estimated to reach US$ 5.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022 to 2031.

An aircraft's gearbox, including the entire system, distributes power between two components like the MGB and the tail rotor. Gearboxes, which are a component of the gearbox system, are frequently used to alter rotational speed.

Factors Influencing Market Growth

Increased passenger traffic worldwide supporting a positive surge in the aviation industry and an increase in infrastructure investment drives the market growth.

Initiatives by regional governments to build indigenous manufacturing capacities are just a few examples of the extensive research and development efforts made by global players to improve the operational efficiency of an aircraft gearbox. These factors are anticipated to boost the market growth.

Adoption of complicated gearbox designs and the incorporation of additive manufacturing to reduce experimenting and manufacturing costs. Such factors fuel the market growth.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the market. Due to the government enacted a lockdown global supply chains have suffered significant damage. In addition, the pandemic has severely impacted the finances of aviation gearbox manufacturers by raising the cost of carrying aircraft gearbox inventory. COVID-19 affected the global economy and created numerous obstacles for business. The crisis's impact on aviation travel caused major difficulties for the gearbox. The imposition of tight travel restrictions caused the passenger criteria to fall.

Regional Insights

Asia-Pacific is anticipated to experience the greatest CAGR. In contrast to India, which is emerging as the fastest-growing market over the same period because of its rapid growth in commercial aircraft enterprises. Countries like China and Japan are anticipated to remain the region's significant participants. Several potential purchasers from the Middle East, including Emirates, Qatar, Etihad, and numerous other rising airlines, are largely responsible for the expansion of the global aircraft gearbox market.

Leading Competitors
The leading competitors in the global aircraft gearbox market are:
Aero Gear
PBS Group
Northstar Aerospace
General Electric
Triumph Group
AVION TECHNOLOGIES INC
Safran
Rolls-Royce plc
Regal Rexnord
Boeing
Others
Segmentation Analysis
The global aircraft gearbox market segmentation focuses on Application, Component, End Use, Sales Channel and Region.
Segmentation based on Application
Engine
o Piston and Turboprop Engine
o Turbojet Engine
o Turboshaft Engine
o Turbofan Engine
Airframe
Segmentation based on Component
Gear
Housing
Bearing
Others
Segmentation based on End Use
Commercial Aircraft
? Narrow Body
? Wide Body
? Regional and Business Jet
? Freighter Aircraft
Military Aircraft
? Combat Aircraft
? Special Mission Aircraft
? Tanker and Transport
? Training Aircraft
Helicopters
Segmentation based on Sales Channel
OEM
Aftermarket
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America