Aircraft accessory gearbox market seen growing to $2.1B by 2033

By AI, Created 9:56 AM UTC, June 01, 2026, /AGP/ – A new Allied Market Research report says the aircraft accessory gearbox market will nearly double by 2033 as commercial and military aircraft production rises and manufacturers push lighter, more efficient power transmission systems. North America led the market in 2023, while the civil segment and OEM buyers accounted for the biggest shares.

Why it matters: - The aircraft accessory gearbox market is tied to aircraft efficiency, engine performance and fleet modernization. - Demand is rising for lighter power transmission systems as airlines and militaries look to cut weight, improve reliability and support next-generation aircraft. - The market is also benefiting from more electric aircraft, predictive maintenance adoption and broader aerospace manufacturing investment.

What happened: - Allied Market Research published a new report on the aircraft accessory gearbox market. - The market was valued at $1.2 billion in 2023. - The market is projected to reach $2.1 billion by 2033. - The report forecasts 6.3% compound annual growth from 2024 to 2033. - The report was released from Wilmington, Delaware, on June 1, 2026.

The details: - Aircraft accessory gearboxes transfer mechanical power from the main engine to auxiliary systems. - The gearboxes support generators, hydraulic pumps, fuel pumps and air compressors. - The component helps regulate power distribution and reduce the load on the main engine. - Modern designs are using enhanced durability, lightweight materials and improved efficiency. - The market is being driven by growth in commercial and military aircraft production. - Advancements in gearbox materials and design are improving durability, reducing weight and boosting efficiency. - Expansion of airline fleets, modernization of military aircraft and stricter performance and reliability standards are also supporting demand. - The market is segmented by platform, component, application, end user and region. - Platform splits into civil and military. - Components include gears, housings, bearings and others. - Applications include engine and airframe. - End users include OEM and aftermarket. - Regional coverage includes North America, Europe, Asia-Pacific and LAMEA. - The civil segment generated $862.64 million in 2023 and is projected to reach $1,602.24 million by 2033. - The civil segment is forecast to grow at 6.7% over the period. - The bearing segment is expected to be the highest revenue contributor during 2023-2033. - The engine segment is expected to be the highest revenue contributor during 2023-2033. - The OEM segment held the largest share in 2023. - North America generated $553.05 million in 2023 and is projected to reach $981.3 million by 2033. - North America is forecast to grow at 6.21%. - The report profiles Safran, Liebherr Group, The Timken Company, Triumph Group, Bharat Forge, Regal Rexnord Corporation, Northstar Aerospace, Collins Aerospace, General Electric Company, Kawasaki Heavy Industries Ltd. and Aero Gear Inc. - The report says those companies are using product launches, acquisitions, partnerships, collaborations and expansion to gain market share. - Allied Market Research offers a sample report at Sample pages. - Allied Market Research also listed a purchase page at Buy now.

Between the lines: - The forecast points to steady growth rather than a short-term spike. - Civil aviation remains the biggest commercial engine for the market, while OEM demand shows the center of gravity is still in new aircraft production. - North America’s lead suggests the region remains a key hub for aerospace spending and manufacturing. - The joint-venture manufacturing example in India signals how governments and private firms are trying to build local aerospace supply chains.

What’s next: - Market growth should track aircraft output, fleet renewal and adoption of more electric systems through 2033. - Competition is likely to intensify as major suppliers push lighter, more efficient and more durable gearbox designs. - Partnerships and manufacturing expansion may shape the next phase of capacity building in aerospace supply chains.