An increase in the manufacturing of airplanes is expected to drive market expansion in the near future at a CAGR of 4.80% during the forecast period 2024 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Aircraft Gears Market” that contains information from 2019 to 2032. The aircraft gears market is estimated to register a CAGR of 4.80% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global aircraft gears market - Arrow Gear (US), Batom Co. Ltd (Taiwan), BMT Aerospace (Belgium), Gear Motions (US), Precipart (US), Gibbs Gears (UK), Delta Gear (US), Belon Gear (US), American Precision Gear (US), WM Berg Inc. (US), and Riley Gear Corporation (US).

Aircraft Gears Market Highlights

The global aircraft gears market is accounted for to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 0.510 billion by 2032.

The aerospace industry's basic needs for performance and efficiency, along with a host of other reasons, all play a role in the market expansion for aircraft gears. These include changes in global defense and commercial aviation plans, market trends, technology advancements, and regulatory needs.

Segment Analysis

The global aircraft gears market has been segmented into platform, gear type, application, and end user.

On the basis of platform, the market is segmented into Commercial Aviation and Military Aviation. The military aviation segment was attributed to holding the largest market share in 2023. Due to the evolving nature of threats to international security, including territorial wars, geopolitical tensions, and the need for enhanced surveillance capabilities, certain nations have made investments to strengthen their air defense capabilities. This necessitates purchasing new airplanes and adding cutting-edge technology to existing fleets, which increases the demand for dependable, high-quality aviation equipment that is critical to the operation of these complex vehicles.

Based on gear type, the global aircraft gears market has been segmented into Spur Gears, Bevel Gears, Helical Gears, Rack and Pinion Gears, and Others. The spur gears segment was expected to hold the largest market share in 2023. Spur gears are versatile and can be used in aircraft propulsion systems and actuators for control surfaces like ailerons and flaps. Their versatility in serving several purposes within aircraft is a major contributing factor to their widespread usage. Due to their adaptability to engines, hydraulic systems, and auxiliary power units, spur gears are the preferred choice.

Based on application, the global aircraft gears market has been segmented into Auxiliary Power Unit, Actuators, Pumps, Air Conditioning Compressors, and Others. The actuators segment was expected to hold the largest market share in 2023. Modern aircraft are becoming increasingly complex due to their sophisticated engine management, landing, and flight control systems. This intricacy necessitates the deployment of advanced actuation systems that are precise and reliable in a variety of operating environments. Due to the requirement for premium gear to meet stringent performance and safety specifications, the market is expanding.

Based on end user, the global aircraft gears market has been segmented into Original Equipment Manufacturer (OEM) and Aftermarket. The original equipment manufacturer (OEM) segment was expected to hold the largest market share in 2023 because of the supply chain's strategic importance to it. OEMs are able to smoothly incorporate gears since they are actively involved in the design and construction of aircraft. Manufacturers of aircraft choose them as preferred partners because of their capacity to provide full assistance, guarantee adherence to safety regulations, and offer customized solutions.

Regional Analysis

The global aircraft gears market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe aircraft gears market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The aircraft gears market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The rest of the world's aircraft gear market comprises the Middle East, Africa, and Latin America.

The largest market share for aircraft gears was maintained by the North American regional sector. Leading aerospace operators and manufacturers are well-represented in the area, which sustains a steady demand for airplane gears. The highly developed aircraft sector in North America places a strong emphasis on innovation and performance, which causes frequent modifications and replacements of gear components. The region's strong military aviation industry and defense spending further support the market's expansion.

Moreover, the Europe market has been persistently growing over the forecast period, ascribed to a rise in activity by significant figures in the nations in this region. Strong industrial infrastructure, large R&D investments in aerospace, a strong presence of top aircraft manufacturers and defense contractors, and a sizable demand for both commercial and military aviation all contribute to Europe's competitive advantage in this industry.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period, propelled by growing economies, rising passenger volumes, and defense expenditures. Consequently, the need for aircraft gears is increasing due to an increase in aircraft acquisition and fleet growth. In addition, the increased emphasis on technical improvements, together with Asia-Pacific's status as a hub for aircraft and component manufacturing, makes the area a major player in the growth and development of the aircraft gear market.

Furthermore, the rest of the world's aircraft gears market is divided into the Middle East, Africa, and Latin America. The rest of the world held a substantial share of the market growth. Potential purchasers from the Middle East include Etihad, Emirates, Qatar, and many more up-and-coming airlines that account for a significant portion of the worldwide airline market. It is anticipated that the region's expanding tourism sector will boost air travel, which will boost the market share of aircraft gear in the near future.

Key Findings of the Study

• The global aircraft gears market is expected to reach USD 0.510 billion by 2032, at a CAGR of 4.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market, driven by expanding economies, an increase in traveler traffic, and increased defense spending.


• Based on application, the actuators segment was attributed to holding the largest market in 2023.


• Arrow Gear (US), Batom Co. Ltd (Taiwan), BMT Aerospace (Belgium), Gear Motions (US), Precipart (US), Gibbs Gears (UK), Delta Gear (US), Belon Gear (US), American Precision Gear (US), WM Berg Inc. (US), and Riley Gear Corporation (US) are the key market players.