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Aircraft Landing Gear Market Report 2024-2033 | Share, Trends, Demand, overview
Aircraft Landing Gear Market
As per the report, the aircraft landing gear market size has grown rapidly in recent years. It will grow from $13.31 billion in 2023 to $14.84 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The aircraft landing gear market size is expected to see rapid growth in the next few years. It will grow to $21.89 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
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Growing Demand For Modern Aircraft Boosts Aircraft Landing Gear Market
The increase in procurement of modern-generation aircraft is expected to propel the growth of the aircraft landing gear market. Due to increasing demand for commercial and cargo aircraft worldwide and increasing investments in defense equipment across countries, the demand for landing gear is increasing, which is expected to drive the aircraft landing gear market. For instance, in July 2021, a US-based airline company, United Airlines, placed orders for a combined 270 Airbus and Boeing narrow-body jets, including 200 737 Max and 70 A321neos. Thus, the increasing procurement of modern-generation aircraft is driving the growth of the aircraft landing market.
Technological Advancements Driving Lighter And More Efficient Aircraft Landing Gear
Technological advancements in aircraft landing gear are the key trend being followed by the companies operating in the market. Companies are focusing on manufacturing lighter landing gears with lower complexity. For instance, in April 2021, a US-based electric airplane company Metro Hop showcased its concept of Active Landing Gear with electric motors in each wheel. The new system is capable of shortening the takeoff and landing runs of electric airplanes. The lower power requirements and less complexity ensure a lower takeoff weight, leaving capacity for more passengers or cargo.
The aircraft landing gear market covered in this report is segmented -
1) By Gear Type: Main Landing Gear, Nose Landing Gear
2) By Aircraft Type: Fixed Wing, Rotary Wing
3) By End User: OEM, Aftermarket
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Major companies operating in the aircraft landing gear market report are Safran S.A., Raytheon Technologies Corporation, Heroux-Devtek Inc, Melrose Industries plc, Parker Hannifin Corporation, Triumph Group Inc., Liebherr-International AG, Sumitomo Precision Products Co. Ltd., AAR Corp., Eaton Corporation, Aircraft Landing Gear Co. Ltd, AMETEK Instruments Pvt Ltd, SPP Nagasaki Engineering Co. Ltd, Kawasaki Aerospace Company, AVIC Aircraft Landing Gear Co. Ltd, Commercial Aircraft Corporation of China Ltd, Meggitt PLC, Airbus S.A.S, ZF Luftfahrttechnik, ThyssenKrupp AG, United Aircraft Corporation, IRKUT Corporation, PZL Warszawa, Sukhoi, KF Aerospace, Circor International Inc., Collins Aerospace, Magellan Aerospace Corporation, Boeing Co.
Contents of the report:
1. Executive Summary
2. Aircraft Landing Gear Market Report Structure
3. Aircraft Landing Gear Market Trends And Strategies
4. Aircraft Landing Gear Market - Macro Economic Scenario
5. Aircraft Landing Gear Market Size And Growth
…..
27. Aircraft Landing Gear Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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