Aircraft Gearbox Market: Global Forecast Over 2027

Aircraft Gearbox Market: Introduction

Gearbox is a transmission system that is used to change rotational speed. Most jet engines are equipped with accessory drive gearboxes that drive necessary AC generators, hydraulic pumps, oil pumps, and other accessories. If the engine has more than one compressor segment, the gearbox is powered by one of the compressor drive shafts. The gearbox utilizes a reduction gear to slow the velocity of the shaft between the two engines. In a turbofan, a fan-spinning turbojet engine, the portion of the fan moves much slower than the part of the turbine. Hence, the gearbox operates to connect shafts and reduces the velocity of the engine.

Global Aircraft Gearbox Market: Competition Landscape

• In June 2019, Collins Aerospace Systems accepted an contract from  Saab Automobile AB to deliver power and controls systems for the Boeing T-X trainer, such as Auxiliary Power Engine Control Unit (APECU) and aircraft's Power Take Off (PTO) shaft
• In October 2018, Liebherr received a contract from Boeing Commercial Airplanes to provide electronic components of the main gear steering system for 777X and 777 aircraft

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Liebherr Group

Established in 1949, Liebherr Group, headquartered in Bulle, Switzerland, is an equipment manufacturer. The company operates in various divisions, such as earthmoving, mobile cranes, aerospace and transportation systems, machine tools and automation systems, domestic appliances, mining, concrete technology, maritime cranes, and tower cranes.

United Technologies Corporation

Founded in 1934, United Technologies Corporation is headquartered in Farmington, Connecticut, the U.S. The company manufactures products in several areas, such as aircraft engines, aerospace systems, HVAC, building systems, elevators & escalators, fire & security, and industrial products, among others.

GE Aviation

Founded in 1917, GE Aviation is headquartered in Evendale, Ohio, the U.S. The company is a global supplier of jet engines, components, and integrated systems for commercial and military aircraft.

Some of the significant players in the global market are Aero Gear, Inc., AB SKF, Liebherr Group, Northstar Aerospace, Inc., CEF Industries, LLC, Aero Gearbox International, Safran S.A., and United Technologies Corporation, among others.

Global Aircraft Gearbox Market: Dynamics

Focus on Improvement in Flight Operations and Use of Lightweight Gearboxes

Increase in deliveries of commercial aircraft, along with rise in demand for PurePower Geared Turbofan (GTF) motors, expanding fleet size of aircraft, advancements in gearbox technology, and use of lightweight gearboxes are some of the major factors fueling the growth of the aircraft gearbox market. Manufacturers in the market are continually investing in R&D to develop sophisticated and lightweight gearboxes to make aircraft fuel-efficient and reduce carbon emission. Strict government regulations are also expected to boost the aircraft gearbox market in the near future. Stringent government regulations are playing a major role in boosting the global aircraft gearbox market. Focus on improving fuel economy and flight operations are some of the key factors that are driving investments in R&D of the green gearbox technology development.

For instance, Pratt & Whitney introduced its PurePower line-up of geared turbofan motors in 2016 in order to offer highly efficient and quieter performance during a flight journey. In addition, these gearboxes are linked to turbine and compressor via an inlet fan, thus considerably enhancing engine efficiency. North America is anticipated to account for a significant share of the global aircraft gearbox market. The aviation & aerospace industry in the region is rapidly expanding, resulting in increase in demand for airplane gearboxes. Primary factor that anticipated to fuel the growth of the North American aircraft gearbox market is presence of significant players, OEMs, and component suppliers in the region.

Global Aircraft Gearbox Market: Segmentation

The global aircraft gearbox market can be segmented based on:

• Type
• Gearbox Type
• Application

Global Aircraft Gearbox Market, by Type

In terms of type, the global aircraft gearbox market can be bifurcated into:

• Civil Aircraft
• Commercial Passenger/Cargo
• General Aviation
• Civil Helicopters
• Military Aircraft
• Military Helicopters
• Fighter Jets
• Transport Carriers

Global Aircraft Gearbox Market, by Gearbox Type

Based on gearbox type, the global aircraft gearbox can be divided into:

• Reduction Gearbox (RGB)
• APU-gearbox
• Actuation Gearbox
• Accessory Gearbox (AGB)
• Tail Rotor Gearbox
• Others

Global Aircraft Gearbox Market, by Application

On the basis of application, the global aircraft gearbox market can be classified into:

• Engine
• Turboprop
• Turboshaft
• Turbofan
• Piston Engine
• Airframe

The report on the global aircraft gearbox market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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