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Aircraft Gears Market Research Report Information By Platform (Commercial Aviation and Military Aviation), By Gear Type (Spur Gears, Bevel Gears, Helical Gears, Rack and Pinion Gears, and Others), By Application (Auxiliary Power Unit, Actuators, Pumps, Air Conditioning Compressors, and Others), By End User (Original Equipment Manufacturer (OEM) and Aftermarket), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“Market Forecast Till 2032


ID: MRFR/A&D/20331-HCR | 128 Pages | Author: Aarti Dhapte| June 2024

Global Aircraft Gears Market Overview


Aircraft Gears Market Size was valued at USD 0.3 Billion in 2023. The aircraft gears market industry is projected to grow from USD 0.36 Billion in 2024 to USD 0.510 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.80% during the forecast period (2024 - 2032). A key market driver driving the growth of airline fleets and the expansion of the aircraft gear market is the expansion of air traffic, which is fueled by growing passenger numbers and increased demand for cargo.


Aircraft Gears Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Aircraft Gears Market Trends



  • The rise in the number of delivered aircraft is driving the market growth


The market CAGR for aircraft gear is mostly driven by airlines' fleet modernization initiatives and rising demand for air travel worldwide. Rapid economic expansion in emerging nations is driving up demand for new aircraft, which in turn is driving up demand for sophisticated aircraft gear that is necessary for optimizing engines, auxiliary power units, and control systems. The aviation industry's transition to greener and more fuel-efficient aircraft is also driving this trend, requiring the use of advanced gears to improve performance and operating efficiency. In addition, airlines are actively swapping out their older aircraft for more modern, technologically sophisticated versions in order to meet stricter emissions standards and save operating costs. The low-cost carrier market, which benefits financially from newer aircraft, is where this replacement cycle is most noticeable. The market for aircraft gear has a lot of room to grow as a result of the strong aircraft delivery pipeline. As a result, suppliers and manufacturers are urged to concentrate on innovation and the provision of necessary parts that satisfy the changing needs of the aviation industry, setting up the aircraft gear market for rapid growth.


The market for aircraft gear is anticipated to develop in the future due to government backing. The general expansion of the air travel sector is being impacted by increasing government initiatives to increase public awareness of the industry. For instance, the Russian government intended to invest RUB237 billion ($3.1 billion) in March 2023 to assist the automated industry in maintaining and growing regional aviation in the Arctic. The program will be used for projects that will construct aircraft in 2023 and protect and reserve small-scale aviation in the Arctic region. Additionally, the Russian government declared in June 2022 that it would invest over $14 billion in the aviation sector by the end of this decade with the goal of increasing local aircraft production. By 2030, the goal is for 81% of Russian Airlines' fleet to be made in the country. Thus, it is anticipated that government backing will aid in the growth of the aircraft gear industry. Thus, driving the aircraft gears market revenue.


Aircraft Gears Market Segment Insights


Aircraft Gears Platform Insights


The aircraft gears market segmentation, based on platform, includes Commercial Aviation and Military Aviation. In 2023, the military aviation segment dominated the market. Some governments have made investments to bolster their air defense capabilities due to the changing nature of threats to security, such as territorial conflicts, geopolitical tensions, and the necessity for improved monitoring capabilities. This entails buying new aircraft and updating current fleets with cutting-edge technology, which raises the need for dependable, high-quality aircraft gear that is essential to the functioning of these sophisticated vehicles.


Aircraft Gears Gear Type Insights


The aircraft gears market segmentation, based on gear type, includes Spur Gears, Bevel Gears, Helical Gears, Rack and Pinion Gears, and Others. The spur gears category generated the most income in 2023. Spur gears are adaptable and can be utilized in actuators for control surfaces like ailerons and flaps, as well as propulsion systems in airplanes. One important reason for their broad use is that they are compatible with various uses within the aircraft. Spur gears are the favored option because of their versatility for engines, hydraulic systems, and auxiliary power units.


Aircraft Gears Application Insights


The aircraft gears market segmentation, based on application, includes Auxiliary Power Unit, Actuators, Pumps, Air Conditioning Compressors, and Others. In 2023, the actuators segment dominated the market. With their advanced engine management, landing, and flight control systems, modern airplanes are getting more and more complicated. Because of this complexity, sophisticated actuation systems that can reliably and precisely regulate under a range of operating situations are needed. The market is growing because of the necessity for high-quality gear for these actuators to meet strict performance and safety criteria.


Aircraft Gears End User Insights


The aircraft gears market segmentation, based on end user, includes Original Equipment Manufacturer (OEM) and Aftermarket. In 2023, the original equipment manufacturer (OEM) segment dominated the market due to the strategic significance of the supply chain to it. Since OEMs are actively involved in the design and building of airplanes, they may easily add gears. They are selected as preferred partners by aircraft manufacturers due to their ability to offer complete support, ensure compliance with safety standards, and provide tailored solutions.


Figure 1: Aircraft Gears Market, by End User, 2023 & 2032 (USD Billion)


Aircraft Gears Market, by End User, 2023 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Aircraft Gears Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American aircraft gears market area will dominate this market, driven by a number of factors, including the region's thriving aerospace industry, technical innovation, a favorable regulatory framework, and a growing emphasis on sustainability. An ecosystem of aerospace firms, component producers, and system integrators exists in North America.


Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.


Figure 2: Aircraft Gears Market Share By Region 2023 (USD Billion)


Aircraft Gears Market Share By Region 2023


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe's aircraft gears market accounts for the second-largest market share because people's interest in aerospace is growing along with their disposable income. The expansion of businesses is supporting the growth of the market throughout the region. Further, the German aircraft gears market held the largest market share, and the UK aircraft gears market was the fastest growing market in the European region.


The Asia-Pacific Aircraft Gears Market is expected to grow at the fastest CAGR from 2024 to 2032 as a result of higher defense spending on military aircraft. Furthermore, the Asia Pacific market is expected to expand dramatically due to the growing MRO possibilities in this area. It seems probable that nations like China and Japan will continue to be the leading players in this area. Moreover, China’s aircraft gears market held the largest market share, and the Indian aircraft gears market was the fastest growing market in the Asia-Pacific region.


Aircraft Gears Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the aircraft gears market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the aircraft gears industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the aircraft gears industry to benefit clients and increase the market sector. In recent years, the aircraft gears industry has offered some of the most significant advantages to medicine. Major players in the aircraft gears market are attempting to increase market demand by investing in research and development operations, including 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).


The Precision Gear Company offers custom gears, precision gears, and custom gear components. In addition to worm and worm gears, face, bevel, rack and pinion, anti backlash, sprocket, and other related items, the company manufactures bespoke spur gears, custom helical gears, and double helical gears. Californians can purchase products from American Precision Gear.


Providing quality ground and custom-cut gears to OEMs worldwide is the focus of Gear Motions, a prominent gear manufacturer. In addition to offering gear grinding and cutting, milling and drilling, inspection, and turning services, the company also sells precision ground helical gears, spurs, sprockets, timing pulleys, shafts, and splines. Gear Motions serves the medical device, mining, and aerospace sectors.


Key Companies in the aircraft gears market include



  • 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)

  • Riley Gear Corporation (US)


Aircraft Gears Industry Developments


July 2022: The signing of a contract between Ethiopian Airlines and Boeing Services was announced. In addition to a five-year deal for airplane health monitoring services, the agreement includes an aircraft gear exchange program for 19 Boeing V787 types.


August 2021: Leading supplier of aerospace and aviation goods, Precision Aviation Group, Inc. (PAG), has announced that it has purchased Trace Aviation (TA) of Jackson, Mississippi. For maintenance, repair, and overhaul (MRO) of King Air/1900 aircraft gear assemblies, Trace Aviation is well known.


Aircraft Gears Market Segmentation


Aircraft Gears Platform Outlook



  • Commercial Aviation

  • Military Aviation


Aircraft Gears Gear Type Outlook



  • Spur Gears

  • Bevel Gears

  • Helical Gears

  • Rack and Pinion Gears

  • Others


Aircraft Gears Application Outlook



  • Auxiliary Power Unit

  • Actuators

  • Pumps

  • Air Conditioning Compressors

  • Others


Aircraft Gears End User Outlook



  • Original Equipment Manufacturer (OEM)

  • Aftermarket


Aircraft Gears Regional Outlook



  • North America

    • US

    • Canada





  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe





  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Rest of Asia-Pacific





  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size 2023 USD 0.3 Billion
Market Size 2024 USD 0.36 Billion
Market Size 2032 USD 0.510 Billion
Compound Annual Growth Rate (CAGR) 4.80% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019-2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Platform, Gear Type, Application, End User, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea
Key Companies Profiled 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)
Key Market Opportunities Innovations in technology for the production of aviation equipment
Key Market Dynamics Increase in the overall number of aircraft delivered Preference for improved flight performance of aircraft


Frequently Asked Questions (FAQ) :

The aircraft gears market size was valued at USD 0.3 Billion in 2023.

The market is projected to grow at a CAGR of 4.80% during the forecast period, 2024-2032.

North America had the largest share in the market.

The key players in the market are 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), among others.

The spur gears category dominated the market in 2023.

The original equipment manufacturer (OEM) category had the largest share in the market.

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