Aircraft Gearbox Market Outlook and Opportunities with 4.12% CAGR By 2030

September 2020, MRFR Press Release Global Aircraft Gearbox Market.

Aircraft Gearbox Market Forecast

Aircraft Gearbox Market In On A Valuation Of 2.6 Billion By 2030, Global Market Is Likely To Grow at a Global CAGR Of 4.12% by 2020-2030Rapidly growing R&D in open-rotor engine configuration and increased adoption of 3D printing for manufacturing aircraft parts have significantly contributed to the expansion of the aircraft gearbox market. High competition owing to the presence of several players in the market has led aircraft gearbox providers to focus on innovation. Furthermore, increasing acquisitions by prominent aircraft gearbox providers are also expected to drive the growth of the market. For example, in May 2019, Liebherr-Verzahntechnik GmbH, a provider of aircraft gearboxes, purchased all the shares of Wenzel GearTec GmbH, a manufacturer of gear measuring machines.
However, issues related to spalling, frosting, and manufacturing defects and the high cost of development might hamper the growth of the global aircraft gearbox market.

Market USP

The introduction of 3D printing for manufacturing aircraft parts helps reduce the cycle time of the manufacturing process. Additionally, complex aircraft parts such as gearboxes, fairings, doors, and others can be easily manufactured using 3D printing technology, which is likely to contribute to market growth during the forecast period.

Growth Opportunities in the Market

OEM dominated the market in 2019: The OEM segment dominated the market in 2019. The segment dominated the market owing to the rising demand for new aircraft due to the increasing international tourism and airborne trade is expected to drive the demand for OEM aircraft gearboxes.

Civil aircraft segment is expected to register the higher CAGR: The civil aircraft segment has witnessed strong growth over the last few years. This growth can be attributed to the increasing air travel, the rise in per capita disposable income of the middle-class population, and the growing international trade and tourism across the globe.

Gears segment is expected to register the highest CAGR: The gears segment is projected to grow at the highest CAGR during the study period, 2020 to 2026. Gears are an important component in the construction of aircraft parts. Aircraft parts such as engines, gearboxes and others have gears and bearings in them to carry out the basic functions. Thus, driving the growth of the segment.

Key Players

 

• Safran (France)


• Liebherr (Germany)


• Raytheon Technologies Corporation (US)


• Rexnord Corporation (US)


• Triumph Group (US)


• Rolls-Royce plc (UK)


• PBS Group, a. s. (Czech Republic)


• CEF Industries, LLC (US)


• AERO GEAR (US)


• ZF Luftfahrttechnik GmbH (Germany)

 

Other Prominent Players

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  Avion Group (Netherlands)

  
  


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  Northstar Aerospace (US)

  
  


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  AeroControlex (US)

  
  


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  AERO GEARBOX INTERNATIONAL (UK)

  
  


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  SKF (Sweden)

  
  


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  Avio S.p.A. (Italy)