The “Commercial Aircraft Landing Gear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report by IMARC Group offers a detailed analysis of the industry, including commercial aircraft landing gear market forecast share, size, trends, and growth. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global commercial aircraft landing gear market size reached US$ 8.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.29% during 2023-2028.
What are Commercial Aircraft Landing Gear?
Commercial aircraft landing gears represent a set of devices that are used for providing suspension and support to the aircraft during taxiing, landing, and take-off. They generally consist of a brake system, shock absorbers, wheels, a turning system, an undercarriage retractile system, etc. Some of the common materials utilized in the manufacturing of aircraft landing gears include corrosion-resistant and ultra-high strength titanium alloys and aluminum composites. In line with this, they are lightweight, offer improved airplane mobility, and require low energy consumption. These gears also facilitate braking and direction control via an integrated aircraft support system. Consequently, they minimize the impact loads that are transmitted to the airframe.
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What Are The Growth Prospects And Trends In The Commercial Aircraft Landing Gear Industry?
The growing demand for low-cost and ultra-low-cost carriers is primarily driving the commercial aircraft landing gear market. Additionally, continuous technological advancements, extensive R&D activities, and the introduction of new airline services are further catalyzing the market growth. Besides this, the rising popularity of military unmanned aerial vehicles (UAV) and the widespread adoption of modern-generation commercial aircraft are acting as significant growth-inducing factors.
Moreover, the inflating need for routine landing gear maintenance and replacements, owing to the increasing passenger air traffic, and the introduction of lightweight aircraft suspension systems are positively influencing the global market. Apart from this, these gears are usually powered by hydraulic or pneumatic systems, which is also stimulating the market growth. Furthermore, strategic partnerships and collaborations by key market players to facilitate service in geographically extended locations, which is anticipated to fuel the commercial aircraft landing gear market over the forecasted period.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Aircraft Type:
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
Breakup by Landing Gear Types:
- Main Landing Gear
- Nose Landing Gear
Breakup by Arrangement Type:
- Tricycle
- Tandem
- Tailwheel
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- AAR Corp.
- Circor Aerospace Inc. (Circor International Inc.)
- Collins Aerospace (Raytheon Technologies Corporation)
- Héroux-Devtek Inc.
- Honeywell International Inc.
- Liebherr Group
- Magellan Aerospace Corporation
- Mecaer Aviation Group
- Revima Group
- Safran S.A.
- Sumitomo Precision Products Co. Ltd.
- and Triumph Group Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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