Aircraft Engine Gearbox Market was valued at USD 12.5 Billion in 2022 and is projected to reach USD 20.8 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
As we look toward the Aircraft Engine Gearbox market outlook from 2023 to 2033, the landscape is poised for substantial changes. A shift towards more electric and hybrid aircraft propulsion systems is expected to influence gearbox designs significantly. This emerging trend will lead to the development of specialized gearboxes tailored to these innovative propulsion systems. With the increasing adoption of unmanned aerial vehicles (UAVs) and advanced aircraft technologies, demand for compact and lightweight gearboxes will surge. Furthermore, the focus will be on developing gearboxes that enhance fuel efficiency and reduce emissions, as global aviation players strive for sustainability. Additionally, expanding air traffic and a rise in new aircraft models, including those powered by alternative fuels, are expected to boost demand for high-performance gearboxes.
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The Aircraft Engine Gearbox market has experienced considerable growth from 2018 to 2022, driven by an increase in aircraft production, technological advancements, and a rising demand for fuel-efficient engines. The market was primarily focused on meeting the requirements of both military and commercial sectors, with a steady demand for high-performance and reliable gearboxes to support engine efficiency. In 2022, the global market saw a significant shift toward the incorporation of new materials and innovative designs, which improved overall gearbox performance and durability. Industry players invested heavily in research and development to create advanced gearboxes capable of withstanding higher pressures and temperatures, enabling better engine efficiency. However, the demand was also influenced by various challenges, including rising raw material costs and stringent regulatory standards, which affected market growth.
Aero Gearbox International
Aero Gear
Avion
CEF Industries
Liebherr
Northstar Aerospace
PBS Velka Bites
Safran
SKF
Triumph
United Technologies
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aircraft Engine Gearbox Market
Civil Aircraft
Military Aircraft
Based on Types the Market is categorized into Below types that held the largest Aircraft Engine Gearbox market share In 2023.
Reduction Gearbox (RGB)
Accessory Gearbox (AGB)
Actuation Gearbox
Tail Rotor Gearbox
APU-Gearbox
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aircraft Engine Gearbox Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aircraft Engine Gearbox Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aircraft Engine Gearbox Market, By Type
6. Global Aircraft Engine Gearbox Market, By Application
7. Global Aircraft Engine Gearbox Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Aircraft Engine Gearbox Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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