The global aircraft landing gear market size is projected to reach USD 18.66 billion by 2028, exhibiting a CAGR of 7.09% during the forecast period.
The Aircraft Landing Gear Market is a significant segment of the aviation industry, providing critical support and safety systems for aircraft during takeoff and landing. The market is driven by factors such as the increasing demand for aircraft, technological advancements in landing gear systems, and the growing trend towards lightweight and fuel-efficient landing gear components. The market is highly competitive, with several key players offering a range of landing gear solutions for different types of aircraft and applications. The market is expected to experience steady growth in the coming years, driven by increasing air traffic and the demand for new and advanced aircraft landing gear systems.
List of Top Players Covered in the Report:
AAR
Alaris Aerospace
CIRCOR International, Inc.
GKN Aerospace Services Ltd.
Hawker Pacific Aerospace
Héroux-Devtek Inc.
Liebherr-International AG
Magellan Aerospace Corporation
Safran SA
SPP Canada Aircraft, Inc.
Triumph Group, Inc.
UTC Aerospace Systems
Market Driver
Grave Safety Risks Posed by Conventional Landing Gear to Create New Growth Opportunities
Conventional landing gear, or tailwheels, consist of two wheels placed in a forward position relative to the center of gravity. They have been the most widely used landing gear in traditional airplanes and some older aircraft models and small airplanes still use them. However, these landing gear systems are extremely dangerous, posing grave risks to the safety of everyone aboard the aircraft. For example, tailwheel aircrafts are prone to a phenomenon known as “ground looping”, which occurs when the tail of the aircraft bypasses the center of gravity, causing the pilot to lose directional control of the plane. Being smaller in size, tires attached to tailwheel units can drop into holes in the ground and cause the propeller to trip over. To counter these disadvantages, airliners are increasingly incorporating electrically-controlled landing gear and anti-skid brake management systems to enhance reliability, accuracy, and safety of the aircraft. This shift towards next-generation technologies is auguring well for the aircraft landing gear market growth.
Information Source:-
https://www.fortunebusinessinsights.com/industry-reports/aircraft-landing-gear-market-101815
Regional Analysis
North America to Hold Lion’s Share in the Market; Asia-Pacific to Showcase Impressive Growth
The market size in North America stood at USD 4.15 billion in 2018 and the region is foreseen to dominate the aircraft landing gear market share in the forthcoming years. The main reason attributable to the region’s dominance is the presence of well-established OEMs that are making large investments in advanced aviation technologies and coming out with new-age solutions. In Asia-Pacific, the market is expected to grow at an impressive rate owing to the increasing delivery and sale of commercial and low-cost carriers in China and India.
Segmentation:
The Aircraft Landing Gear Industry refers to the global market for the components and systems used to support and guide aircraft during landing and takeoff. The market can be segmented based on the following factors:
Type: The Aircraft Landing Gear Market can be segmented based on the type of landing gear, such as fixed, retractable, and rotary-wing.
Position: The market can be segmented based on the position of the landing gear, such as nose gear, main gear, and wing-mounted gear.
Aircraft Type: The Aircraft Landing Gear Market can be segmented based on the type of aircraft, such as commercial, military, regional, business, and general aviation.
Component: The market can be segmented based on components such as actuators, control systems, steering systems, and wheels and brakes.
End User: The market can be segmented based on end-users such as OEMs (Original Equipment Manufacturers) and aftermarket.
Geography: The market can be segmented based on geographic regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The global aircraft landing gear market size is projected to reach USD 18.66 billion by 2028, exhibiting a CAGR of 7.09% during the forecast period.
The Aircraft Landing Gear Market is a significant segment of the aviation industry, providing critical support and safety systems for aircraft during takeoff and landing. The market is driven by factors such as the increasing demand for aircraft, technological advancements in landing gear systems, and the growing trend towards lightweight and fuel-efficient landing gear components. The market is highly competitive, with several key players offering a range of landing gear solutions for different types of aircraft and applications. The market is expected to experience steady growth in the coming years, driven by increasing air traffic and the demand for new and advanced aircraft landing gear systems.
List of Top Players Covered in the Report:
AAR
Alaris Aerospace
CIRCOR International, Inc.
GKN Aerospace Services Ltd.
Hawker Pacific Aerospace
Héroux-Devtek Inc.
Liebherr-International AG
Magellan Aerospace Corporation
Safran SA
SPP Canada Aircraft, Inc.
Triumph Group, Inc.
UTC Aerospace Systems
Market Driver
Grave Safety Risks Posed by Conventional Landing Gear to Create New Growth Opportunities
Conventional landing gear, or tailwheels, consist of two wheels placed in a forward position relative to the center of gravity. They have been the most widely used landing gear in traditional airplanes and some older aircraft models and small airplanes still use them. However, these landing gear systems are extremely dangerous, posing grave risks to the safety of everyone aboard the aircraft. For example, tailwheel aircrafts are prone to a phenomenon known as “ground looping”, which occurs when the tail of the aircraft bypasses the center of gravity, causing the pilot to lose directional control of the plane. Being smaller in size, tires attached to tailwheel units can drop into holes in the ground and cause the propeller to trip over. To counter these disadvantages, airliners are increasingly incorporating electrically-controlled landing gear and anti-skid brake management systems to enhance reliability, accuracy, and safety of the aircraft. This shift towards next-generation technologies is auguring well for the aircraft landing gear market growth.
Information Source:-
https://www.fortunebusinessinsights.com/industry-reports/aircraft-landing-gear-market-101815
Regional Analysis
North America to Hold Lion’s Share in the Market; Asia-Pacific to Showcase Impressive Growth
The market size in North America stood at USD 4.15 billion in 2018 and the region is foreseen to dominate the aircraft landing gear market share in the forthcoming years. The main reason attributable to the region’s dominance is the presence of well-established OEMs that are making large investments in advanced aviation technologies and coming out with new-age solutions. In Asia-Pacific, the market is expected to grow at an impressive rate owing to the increasing delivery and sale of commercial and low-cost carriers in China and India.
Segmentation:
The Aircraft Landing Gear Industry refers to the global market for the components and systems used to support and guide aircraft during landing and takeoff. The market can be segmented based on the following factors:
Type: The Aircraft Landing Gear Market can be segmented based on the type of landing gear, such as fixed, retractable, and rotary-wing.
Position: The market can be segmented based on the position of the landing gear, such as nose gear, main gear, and wing-mounted gear.
Aircraft Type: The Aircraft Landing Gear Market can be segmented based on the type of aircraft, such as commercial, military, regional, business, and general aviation.
Component: The market can be segmented based on components such as actuators, control systems, steering systems, and wheels and brakes.
End User: The market can be segmented based on end-users such as OEMs (Original Equipment Manufacturers) and aftermarket.
Geography: The market can be segmented based on geographic regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
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