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Commercial Aircraft Landing Gear Market worth $10.67 billion by 2030, growing at a CAGR of 6.46% - Exclusive Report by 360iResearch
Commercial Aircraft Landing Gear Market | 360iResearch
The Global Commercial Aircraft Landing Gear Market to grow from USD 6.88 billion in 2023 to USD 10.67 billion by 2030, at a CAGR of 6.46%.
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The commercial aircraft landing gear refers to the undercarriage of a commercial airplane and is used primarily for takeoff, landing, and support while the aircraft is on the ground. It includes various structural elements such as wheels, tires, shock absorbers, brakes, retracting mechanisms, and support struts. This system is crucial for ensuring the safety and integrity of the aircraft during ground operations, absorbing the impacts of landing, and providing a stable platform when the aircraft is stationary. The design and construction of landing gear are highly complex, considering the aircraft's weight, size, and usage to guarantee optimal performance and reliability under the stresses of commercial flight operations. The primary drivers include the increasing global demand for new aircraft due to rising air traffic, the need for fuel-efficient aircraft leading to the development of lightweight landing gear systems, and the necessity of periodic replacement and maintenance of landing gears for operational safety. The growth in low-cost carriers and emerging markets contributes to increasing aircraft orders. However, significant challenges include stringent regulatory requirements, high costs associated with R&D and manufacturing, the complexity of integrating advanced landing gear systems into existing fleets without substantial modifications, and the impact of global economic fluctuations on aircraft orders. Opportunities arise from advances in material science that allow for stronger and lighter landing gear components, potential growth in retrofitting existing aircraft with updated gear systems, and ongoing aviation infrastructure modernization necessitating compatible aircraft technology updates.
Market Segmentation & Coverage:
This research report categorizes the Commercial Aircraft Landing Gear Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Main Landing Gear and Nose Landing Gear. The Nose Landing Gear is projected to witness significant market share during forecast period.
Based on Aircraft Type, market is studied across Narrow-Body, Regional Jet, and Wide-body. The Wide-body is projected to witness significant market share during forecast period.
Based on Application, market is studied across Business Aviation, Commercial Aviation, and Military Aviation. The Commercial Aviation is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Commercial Aircraft Landing Gear Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Commercial Aircraft Landing Gear Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Commercial Aircraft Landing Gear Market, highlighting leading vendors and their innovative profiles. These include AdamWorks LLC, Aerospace Turbine Rotables, Inc., Beaver Aerospace & Defense, Inc., CIRCOR International, Inc., Eaton Corporation plc, GKN Aerospace Services Ltd., GKN Aerospace, Inc., Héroux-Devtek Inc., Magellan Aerospace Corporation, Metalcraft, Inc., PCX Aerostructures, LLC, Safran S.A., The Liebherr Group, Triumph Group, and United Technologies Corporation.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Commercial Aircraft Landing Gear Market, by Type
7. Commercial Aircraft Landing Gear Market, by Aircraft Type
8. Commercial Aircraft Landing Gear Market, by Application
9. Americas Commercial Aircraft Landing Gear Market
10. Asia-Pacific Commercial Aircraft Landing Gear Market
11. Europe, Middle East & Africa Commercial Aircraft Landing Gear Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Commercial Aircraft Landing Gear Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Commercial Aircraft Landing Gear Market?
3. What is the competitive strategic window for opportunities in the Commercial Aircraft Landing Gear Market?
4. What are the technology trends and regulatory frameworks in the Commercial Aircraft Landing Gear Market?
5. What is the market share of the leading vendors in the Commercial Aircraft Landing Gear Market?
6. What modes and strategic moves are considered suitable for entering the Commercial Aircraft Landing Gear Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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