Market Insights
“The aircraft gears market size was US$ 370 million in 2024 and is likely to grow at a decent CAGR of 5.1% in the long run to reach US$ 610 million in 2034.”
Market Dynamics
Introduction
The aircraft gears market represents a specialized segment within the aerospace industry that focuses on the development, production, and maintenance of gear systems used in aircraft. These gear systems are crucial components in various aircraft subsystems, contributing to the safe and efficient functioning of an aircraft. The market includes manufacturers, suppliers, maintenance providers, and end-users such as commercial airlines, military forces, and private aviation companies.
As air travel and defense aviation continue to grow globally, there is a steady demand for high-performance and durable gear systems that can withstand extreme operational conditions, such as high temperatures, heavy loads, and vibration.
Aircraft gears are mechanical devices designed to transmit motion and power between different parts of an aircraft. These gears play a key role in:
- Flight control systems – helping in the movement of flaps, rudders, and elevators
- Landing gear systems – ensuring smooth extension and retraction during takeoff and landing
- Engine and accessory gearboxes – supporting the operation of turbines, pumps, and generators
Made from high-strength materials like titanium, steel alloys, and composites, these gears must meet strict aviation standards for precision, reliability, and safety.
Overall, aircraft gears are integral to the aircraft’s mechanical architecture, and the market surrounding them is vital to the functioning and advancement of modern aviation technology.
Recent Market JVs and Acquisitions:
In recent years, the aircraft gears market has experienced a notable increase in joint ventures and acquisitions, driven by the need for technological advancement, supply chain optimization, and market expansion. Companies are forming strategic partnerships to enhance their capabilities in gear manufacturing, aiming to meet the growing demand for high-performance and reliable gear systems in both commercial and military aviation sectors. These collaborations often focus on developing advanced manufacturing facilities and integrating cutting-edge technologies to improve product quality and efficiency. Additionally, mergers and acquisitions are being utilized to consolidate market positions, expand global footprints, and access new customer bases. This trend reflects the industry's commitment to innovation and its response to the evolving requirements of modern aircraft systems.
A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
- In August 2024, a collaboration made between India's Raghu Vamsi Machine Tools and Rave Gears LLC (Texas, USA), SATPL inaugurated its first advanced gear and gearbox manufacturing facility in India, aiming to bolster domestic aerospace manufacturing capabilities.
- In September 2022, Parker-Hannifin, a US-based engineering company, acquired UK-based Meggitt PLC for approximately $17.6 billion. This acquisition expanded Parker's aerospace solutions, including landing gear and braking systems, and increased its recurring revenue through aftermarket services.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Segments with High-Growth Opportunity
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Gear-Type Analysis
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Spur Gears, Bevel Gears, Helical Gears, Rack and Pinion Gears, and Others
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Spur Gears is expected to dominate during the forecast period due to their simplicity, reliability, and cost-effectiveness, making them a preferred choice for various aircraft systems.
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Platform-Type Analysis
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Commercial Aviation and Military Aviation
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Commercial Aviation is expected to dominate the market due to factors such as increasing global air travel, fleet expansion by airlines, and the demand for fuel-efficient aircraft.
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Application-Type Analysis
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Auxiliary Power Unit, Actuators, Pumps, Air Conditioning Compressors, and Others
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Auxiliary Power Unit is anticipated to exhibit the highest growth rate throughout the forecast period due to the rising demand for energy-efficient and reliable power sources in aircraft, especially in military applications.
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End-User Type Analysis
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OEM and Aftermarket
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Aftermarket is expected to experience the highest growth rate during the forecast period driven by the rising need for maintenance, repair, and overhaul (MRO) services as airlines aim to extend the operational life of existing aircraft fleets.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to dominate the market throughout the forecast period.
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By Gear Type
“The spur gears segment is expected to dominate the market during the forecast period.”
Based on the gear, the market is segmented into spur gears, bevel gears, helical gears, rack and pinion gears, and others. Among these, the spur gears segment is anticipated to dominate the aircraft gears market throughout the forecast period. This dominance is attributed to their simplicity, reliability, and cost-effectiveness, making them a preferred choice for various aircraft systems such as propulsion, actuators, and auxiliary power units. Conversely, the helical gears segment is expected to experience the highest growth rate during the forecast period. Helical gears offer smoother and quieter operation due to their angled teeth, which allow for gradual engagement. This characteristic makes them particularly suitable for high-speed and high-load applications in aircraft, such as transmission systems and engine components.
By Platform Type
“The commercial aviation segment is expected to continue to dominate the market during the forecast period.”
Based on the platform, the market is segmented into commercial aviation and military aviation. The commercial aviation segment is expected to dominate the aircraft gears market in terms of market share. This dominance is attributed to factors such as increasing global air travel, fleet expansion by airlines, and the demand for fuel-efficient aircraft, all of which drive the need for advanced gear systems in commercial aircraft. On the other hand, the military aviation segment is expected to experience the highest CAGR during the forecast period, driven by rising defense budgets, modernization of military fleets, and the integration of advanced technologies in military aircraft, leading to increased demand for specialized gear systems.
By Application Type
“The auxiliary power unit segment is anticipated to exhibit the highest growth rate throughout the forecast period.”
Based on the application, the market is segmented into auxiliary power units, actuators, pumps, air conditioning compressors, and others. Among these, the actuators segment is anticipated to dominate the aircraft gears market in terms of market share throughout the forecast period. This dominance is attributed to the increasing complexity of modern aircraft, which necessitates advanced actuation systems for precise control of flight surfaces, landing gear, and engine components. Conversely, the auxiliary power unit segment is projected to experience the highest CAGR during the forecast period. This growth is fueled by the rising demand for energy-efficient and reliable power sources in aircraft, especially in military applications.
By End-User Type
“The aftermarket segment is expected to experience the highest growth rate throughout the forecast period.”
Based on the end-user type, the market is segmented into OEM and Aftermarket. The Original Equipment Manufacturer (OEM) segment is expected to dominate the aircraft gears market in terms of market share throughout the forecast period. This dominance is attributed to the increasing demand for new aircraft across both commercial and military sectors, leading to higher production rates and, consequently, a greater need for integrated gear systems in newly manufactured aircraft. Whereas the aftermarket segment is expected to experience the highest growth rate during the forecast period. This growth is driven by the rising need for maintenance, repair, and overhaul (MRO) services as airlines aim to extend the operational life of existing aircraft fleets.
Regional Analysis
“The North America region is expected to dominate the market during the forecast period.”
North America is expected to dominate the aircraft gears market during the forecast period. This dominance is attributed to the presence of major aircraft manufacturers, technological advancements, and a strong focus on research and development activities within the region.
The Asia-Pacific region is anticipated to experience the highest CAGR throughout the forecast period. This rapid growth is driven by factors such as expanding economies, increasing air passenger traffic, rising defense expenditures, and significant investments in aviation infrastructure.
Key Players
The market consists of a considerable number of players, featuring several key players renowned for their expertise and contributions. The following are the key players in the aircraft gears market.
Here is the list of the Top Players (Based on Dominance)
- Safran S.A.
- GE Aerospace
- Rolls-Royce plc
- RTX Corporation
- Honeywell International Inc.
- Liebherr Group
- Aero Gearbox International
- Triumph Group
- Rexnord Corporation
- Mitsubishi Heavy Industries Ltd.
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global aircraft gears market is segmented into the following categories.
Aircraft Gears Market, by Gear Type
- Spur Gears (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Bevel Gears (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Helical Gears (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Rack and Pinion Gears (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Gears Market, by Platform Type
- Commercial Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Military Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Gears Market, by Application Type
- Auxiliary Power Unit (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Actuators (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Pumps (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Air Conditioning Compressors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Gears Market, by End-User Type
- OEM (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Gears Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aircraft gears market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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