Powered Wheels For Aircraft Landing Market Size, Share, Growth, Analysis, Trends and Outlook 2023-2030.

Report Overview:

The global powered wheels for aircraft landing market reached USD 4.2 billion in 2022 and is expected to reach USD 7.9 billion by 2030, growing with a CAGR of 8.3% during the forecast period 2023-2030.

The globally powered wheels for the aircraft landing market are vital for safe and efficient takeoff, landing, and taxiing. An aircraft's landing gear system incorporates powered wheels for ground acceleration and control. Innovation in landing gear technology, increased aircraft deliveries, and aviation sector growth drive the powered wheels market.

Europe has strong safety and certification rules for the aviation sector. Globally, EASA certification is in great demand. These criteria need new landing gear systems and components, including powered wheels. European producers work hard to make powered wheels that meet demanding safety and performance regulations, growing the business. Europe made up almost 1/3 of global shares and is predicted to increase at a high CAGR.

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Market Drivers: Industry Partnerships and Collaboration

Partnerships and industry cooperation are increasing the powered wheels for aircraft landing market. Aircraft manufacturers, suppliers, and academic institutions working together boost innovation, technology, and market potential.

Collins Aerospace and Safran Landing solutions partnered to develop electrically driven landing gear solutions. The agreement will combine Safran Landing Systems' landing gear knowledge with Collins Aerospace's electric systems expertise to build more efficient and sustainable powered wheels for airplanes. This partnership shows how teamwork drives innovation and meets sector demands.

Market Segmentation: Owing to Its Weight-Bearing Capacity, Main Wheels Segment Dominates the Global Market

The aircraft's main wheels bear the bulk of its weight during takeoff, landing, and ground operations. Their purpose is to provide stability to the aircraft and support heavy loads. Due to their bigger size and robust construction, main wheels are able to sustain a greater weight than nose or tail wheels. Therefore, main wheels are essential for bigger and commercial aircraft, which account for a considerable portion of the fleet. As a result, the primary wheels segment accounts for more than half of the overall segment share.

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Powered Wheels For Aircraft Landing Market Companies:

The major global players include United Technologies Corporation (UTC) Aerospace Systems, Safran Group, Boeing Company, Airbus Group, Bombardier Aerospace, General Electric Aviation, Spirit AeroSystems Holdings Inc., GKN Aerospace, FACC AG and RUAG Aerostructures.

By Wheels

• Main Wheels
• Cement
• Nose Wheels or Tail Wheels

By Component

• Bearings
• Axles
• Brake Systems
• Others

By Aircraft

• Commercial
• Military
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share: North America's Strong Aerospace Industry Positions it as a Leading Player in the Global Powered Wheels Market

The demand for aircraft, technological advancements, safety regulations, and market rivalry are a few factors that affect the powered wheel market globally. Even while the aerospace sector is strong in North America particularly in the United States and helps the market expand, there are many well-known suppliers, producers, and consumers throughout the world. As a result, with the bulk of market shares, North America controls the market globally.

Key Developments

• In July 2023, As the company seeks to preserve its advantage over US rival Boeing, Airbus is continuing on with plans to develop a lightweight wing in UK for the next generation of its best-selling A320 airliners.
• In March 2023, U.S. Defense Security Cooperation Agency (DSCA) has informed Congress of a potential E-2D Advanced Hawkeye (AHE) aircraft foreign military sale (FMS) to Japan. It has already received State Department approval. Up to five E-2D AHE airborne early warning and control (AEW&C) aircraft and 12 T56-A-427A engines, of which two will be furnished as spares and ten will be delivered pre-installed, are included in the FMS, which is valued at around USD 1.38 billion.

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