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0 The aircraft gearbox market was valued at USD 3,381.5 million in 2024 and is projected to grow from USD 3,653.7 million in 2025 to USD 6,094.1 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.58% during the forecast period. North America dominated the market in 2024, accounting for a significant share of 45.71%.
The market is witnessing steady growth driven by rising aircraft production, increasing demand for fuel-efficient engines, and continuous advancements in aerospace technology. Aircraft gearboxes are essential components that transmit mechanical power and enhance engine efficiency in both commercial and military aviation. Growth is further propelled by expanding global air travel, the ongoing modernization of aircraft fleets, and innovations in gearbox technology, including the use of lightweight materials and enhanced durability. As the aviation sector advances, the demand for high-performance and reliable gearbox systems is expected to grow substantially over the coming years.
These findings are covered in the research report titled “Aircraft Gearbox Market Size, Share, Forecast, and 2025–2032.”
Information Source:
https://www.fortunebusinessinsights.com/aircraft-gearbox-market-105541
List of Key Players Mentioned in the Report:
- Safran (France)
- Liebherr (Switzerland)
- United Technologies Corporation (UTC) (U.S.)
- Rexnord Aerospace (U.S.)
- Triumph Group (U.S.)
- Aero Gear (U.S.)
- CEF Industries Inc. (U.S.)
- The Timken Company (U.S.)
- AAR Corp (U.S.)
- Rolls-Royce plc (U.K.)
- Regal Rexnord (U.S.)
Segmentation:
The global aircraft gearbox market is segmented based on component, platform, gearbox type, end-user, and region. By component, the market includes gear, housing, bearing, and others. In terms of platform, it is categorized into commercial, civil, and military aviation. Based on gearbox type, the market is classified into accessory gearboxes, reduction gearboxes, actuation gearboxes, tail rotor gearboxes, auxiliary power unit (APU) gearboxes, and others. By end-user, the market is divided into OEM, MRO, and others. Regionally, the market is analyzed across North America (U.S. and Canada), Europe (U.K., Germany, France, Russia, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, and the Rest of Asia Pacific), and the Rest of the World, which includes Latin America and the Middle East & Africa. Each regional market is further segmented by component, platform, gearbox type, and end-user to provide detailed insights and growth opportunities.
Drivers and Restraints: Aircraft Gearbox Market
Rising Demand for Lightweight Aircraft Components to Boost Market Growth
With airlines and aircraft manufacturers focusing on efficiency, the demand for lightweight components, including gearboxes, is increasing. Lighter components not only enhance fuel efficiency but also improve performance, reduce emissions, and extend component lifespan. Manufacturers are leveraging advanced materials and design techniques to create high-performance, lightweight gear systems.
Stringent Regulations Pose Challenges to Market Expansion
However, the aircraft gearbox market faces challenges from stringent aerospace regulations. The high costs associated with design, development, and certification of gearboxes can hinder new entrants and slow innovation. Regulatory compliance and safety testing add to the complexity and cost of market participation, acting as a restraint on growth.
Regional Insights:
North America to Maintain Dominance Owing to Aerospace Leadership and Military Investment
North America led the global aircraft gearbox market in 2024, with a market value of USD 1,545.82 million. The region benefits from the presence of key players such as Boeing and GE, as well as strong R&D capabilities and government defense programs. The U.S. Department of the Air Force’s FY2025 budget of USD 217.5 billion—featuring USD 29 billion for procurement and USD 37.7 billion for R&D—underscores the scale of investment supporting the gearbox market.
Europe Benefiting from Technological Advancements and Green Aviation Initiatives
Europe holds a significant market share, supported by investments from leading aerospace firms focused on reducing emissions and improving aircraft efficiency. Collaborations between governments and industry players have been key to driving innovation in the region.
Asia Pacific Set to Grow at Fastest Pace Due to Civil Aviation Boom
The Asia Pacific region is projected to witness the highest CAGR due to increasing demand for civil aviation and regional fleet expansions in countries like China and India. Infrastructure development and rising disposable incomes are contributing to a flourishing aviation market and growing demand for reliable gearboxes.
Other Regions See Gradual Growth
The Middle East & Africa are experiencing modest growth through fleet expansion and investments in aviation infrastructure. Latin America, led by Brazil and Mexico, is seeing steady market recovery through a focus on MRO capabilities and aviation development.
Competitive Landscape:
Key Players Focus on Innovation, Contracts, and Partnerships to Strengthen Market Position
The aircraft gearbox market is competitive, with leading players investing heavily in R&D and strategic partnerships to meet evolving industry needs. Companies are also expanding product lines and entering long-term agreements to maintain market leadership.
Key Industry Developments:
- February 2025 – Bell Boeing received a USD 46 million contract for the integration and supply of V-22 Gearbox Vibration Monitoring/Osprey Drive System Safety and Health Information (ODSSHI) kits.
- August 2023 – Leonardo announced partnerships to support its AW09 helicopter at Heli-Expo 2023.
- May 2023 – Triumph Group’s Geared Solutions unit secured a long-term contract with GE for LEAP program Inlet Gearboxes.
Report Coverage:
The aircraft gearbox market report offers a comprehensive analysis of global trends, market size, and forecast through 2032. It provides detailed segmentation by component, gearbox type, platform, and end-user. The report highlights key players, competitive dynamics, pricing strategies, regional performance, and recent industry developments. Additionally, it explores market drivers, restraints, and the strategic initiatives shaping the future of aircraft gearbox technologies.
