According to Fortune Business Insights™, the global aircraft gearbox market size was valued at USD 3,381.5 million in 2024. The market is projected to grow from USD 3,653.7 million in 2025 to USD 6,094.1 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.58% during the forecast period. North America dominated the aircraft gearbox market with a share of 45.71% in 2024.

The aircraft gearbox market is experiencing robust growth driven by rising demand for lightweight aircraft components, increasing air traffic, and the expansion of commercial and military fleets. Continued technological advancements in materials and manufacturing techniques, such as additive manufacturing and advanced composites, are further accelerating the market. Furthermore, growing investments in fleet modernization, coupled with higher efficiency and performance expectations, are prompting manufacturers to develop more innovative and reliable gearbox systems. North America remains at the forefront of this global market due to its established aerospace infrastructure, R&D strength, and presence of major OEMs.

This information is detailed in the research report titled “Aircraft Gearbox Market Size, Share, Forecast, and 2025–2032.”

List of Key Players Mentioned in the Report:

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Segmentation: