1 July 2025, 02:39 PM
According to Fortune Business Insights, 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 CAGR of 7.58% during the forecast period. North America dominated the market in 2024, accounting for a 45.71% share.
The aircraft gearbox market is experiencing steady growth, driven by the increasing demand for fuel-efficient and lightweight aircraft, rising air travel, and advancements in aerospace engineering. Gearboxes play a crucial role in optimizing engine performance, reducing noise, and improving overall aircraft efficiency. With growing investments in commercial and military aviation, along with the rising adoption of next-generation aircraft platforms, the demand for advanced gearbox systems is expected to rise. Additionally, the market is benefiting from technological innovations and the expansion of the global MRO (Maintenance, Repair, and Overhaul) sector.
This information is detailed in the research report titled “Aircraft Gearbox Market Size, Share, Forecast, and 2025–2032.”
Get A Free Sample PDF:
https://www.fortunebusinessinsights.com/...ket-105541
List of Key Players Mentioned in the Report:
Gear Segment Dominated Owing to its Crucial Role in Power Transmission and Engine Optimization
By component, the market is segmented into gear, housing, bearing, and others. The gear segment dominated the market in 2024 due to its essential function in transmitting power from the engine to various aircraft systems. Lightweight, high-precision gears support improved fuel efficiency and engine performance.
The housing segment is also anticipated to witness notable growth, driven by advances in lightweight materials that contribute to overall aircraft weight reduction and increased component durability.
Commercial Segment Led the Market Amid Rising Air Travel Demand
Based on platform, the market is segmented into commercial, civil, and military. The commercial segment held the dominant share in 2024, fueled by increasing airline fleet sizes and global passenger traffic. With 850 million passengers in the U.S. alone in 2023, demand for commercial aircraft—and their gearboxes—continues to rise.
Meanwhile, the military segment is expected to grow significantly, as heightened geopolitical tensions spur defense modernization efforts and procurement of advanced aircraft with robust gearbox requirements.
Accessory Gearbox Segment Dominated Due to Fleet Expansion
By gearbox type, the market is categorized into accessory gearboxes, reduction gearboxes, actuation gearboxes, tail rotor gearboxes, APU gearboxes, and others. The accessory gearbox segment led the market in 2024 due to expanding airline fleets and growing demand for more efficient aircraft systems.
The reduction gearbox segment is expected to grow steadily as it enables efficient engine-propeller coordination, supported by innovations in materials and designs that enhance reliability and longevity.
OEM Segment Led Market Due to Advanced Integration Capabilities
By end-user, the market is segmented into OEM, MRO, and others. The OEM segment dominated in 2024, owing to established supply chain networks and technical integration capabilities. OEMs play a vital role in incorporating new gearbox technologies into next-generation aircraft.
The MRO segment is projected to expand rapidly during the forecast period, driven by the aging global fleet and rising demand for maintenance, repair, and overhaul services.
Information Source:
https://www.fortunebusinessinsights.com/...ket-105541
The aircraft gearbox market is experiencing steady growth, driven by the increasing demand for fuel-efficient and lightweight aircraft, rising air travel, and advancements in aerospace engineering. Gearboxes play a crucial role in optimizing engine performance, reducing noise, and improving overall aircraft efficiency. With growing investments in commercial and military aviation, along with the rising adoption of next-generation aircraft platforms, the demand for advanced gearbox systems is expected to rise. Additionally, the market is benefiting from technological innovations and the expansion of the global MRO (Maintenance, Repair, and Overhaul) sector.
This information is detailed in the research report titled “Aircraft Gearbox Market Size, Share, Forecast, and 2025–2032.”
Get A Free Sample PDF:
https://www.fortunebusinessinsights.com/...ket-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.)
Gear Segment Dominated Owing to its Crucial Role in Power Transmission and Engine Optimization
By component, the market is segmented into gear, housing, bearing, and others. The gear segment dominated the market in 2024 due to its essential function in transmitting power from the engine to various aircraft systems. Lightweight, high-precision gears support improved fuel efficiency and engine performance.
The housing segment is also anticipated to witness notable growth, driven by advances in lightweight materials that contribute to overall aircraft weight reduction and increased component durability.
Commercial Segment Led the Market Amid Rising Air Travel Demand
Based on platform, the market is segmented into commercial, civil, and military. The commercial segment held the dominant share in 2024, fueled by increasing airline fleet sizes and global passenger traffic. With 850 million passengers in the U.S. alone in 2023, demand for commercial aircraft—and their gearboxes—continues to rise.
Meanwhile, the military segment is expected to grow significantly, as heightened geopolitical tensions spur defense modernization efforts and procurement of advanced aircraft with robust gearbox requirements.
Accessory Gearbox Segment Dominated Due to Fleet Expansion
By gearbox type, the market is categorized into accessory gearboxes, reduction gearboxes, actuation gearboxes, tail rotor gearboxes, APU gearboxes, and others. The accessory gearbox segment led the market in 2024 due to expanding airline fleets and growing demand for more efficient aircraft systems.
The reduction gearbox segment is expected to grow steadily as it enables efficient engine-propeller coordination, supported by innovations in materials and designs that enhance reliability and longevity.
OEM Segment Led Market Due to Advanced Integration Capabilities
By end-user, the market is segmented into OEM, MRO, and others. The OEM segment dominated in 2024, owing to established supply chain networks and technical integration capabilities. OEMs play a vital role in incorporating new gearbox technologies into next-generation aircraft.
The MRO segment is projected to expand rapidly during the forecast period, driven by the aging global fleet and rising demand for maintenance, repair, and overhaul services.
Information Source:
https://www.fortunebusinessinsights.com/...ket-105541