Press release
Aircraft Landing Gear Market Is Expected Significant Growth, Forecast From 2021 to 2031 : Liebherr Group , Circor Aerospace , Safran , Heroux-Devtek , United Technologies Corporation
Aircraft Landing Gear Market
The aircraft landing gear is the system of wheels, struts, and brakes that supports an airplane during ground operations and allows it to roll along the runway. The landing gear also includes the shocks that absorb the impact when the airplane touches down.
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Key Trends
There are a few key trends in aircraft landing gear technology. One is the trend toward more electric systems. This is driven by the need for more reliability and lower maintenance costs. There is also a trend toward lighter-weight materials, such as composites. The need for fuel efficiency drives this. Another trend is toward more integrated systems. This means that the various components of the landing gear are designed to work together more seamlessly. The need for safety and efficiency drives this.
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Key Drivers
There are several key drivers of the aircraft landing gear market. The most important driver is the increasing demand for air travel. This is leading to a corresponding increase in the number of aircraft being manufactured, which in turn is driving up the demand for landing gear. Other important drivers include the need to replace aging aircraft fleets, and the desire to improve fuel efficiency and reduce emissions.
The global aircraft landing gear market is expected to grow from $4.2 billion in 2016 to $5.5 billion by 2025, at a CAGR of 3.4% from 2016 to 2025. The growth of the aircraft landing gear market is mainly driven by the increase in air traffic and the need to replace aging aircraft fleets.
Market Segmentation
The market is segmented by type, aircraft type, end-use, and region. By type, the market is segmented by main landing gear and nose landing gear. By aircraft type, the market is classified into fixed wing and rotatory wing. By end-use, the market is bifurcated into OEM and aftermarket. By region, the market is segmented into, North America, Europe, Asia-Pacific and rest of the world.
Key Players
The Key players in the market are AAR , Liebherr Group , Circor Aerospace , Safran , Heroux-Devtek , United Technologies Corporation , Magellan Aerospace Corporation , Honeywell International , GKN Aerospace and Triumph Group
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