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Aircraft Landing Gear Market Size, Share and Emerging Trends, Forecast 2024-2032

09-30-2024 08:19 AM CET | Aerospace & Defense

Press release from: Fortune Business Insights

Aircraft Landing Gear Market

Aircraft Landing Gear Market

The global aircraft landing gear market was valued at USD 11.53 billion in 2023. It is expected to grow from USD 13.02 billion in 2024 to USD 32.67 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.2% from 2024 to 2032. In 2023, North America held a significant share of the market, accounting for 38.58%.

This information is published by Fortune Business Insightsโ„ข, in its report, titled, "Aircraft Landing Gear Market Size, Share, and 2024-2032."

The aircraft landing gear market plays a crucial role in the aerospace industry, providing essential support for aircraft during landing, takeoff, and ground operations. Valued at USD 11.53 billion in 2023, this market is expected to grow significantly, driven by increasing air travel demand and advancements in aviation technology. Landing gear systems are designed for durability and reliability, ensuring passenger safety while minimizing maintenance costs. As aircraft manufacturers explore new designs and materials, the market is witnessing innovations that enhance performance and reduce weight. With rising investments in research and development, the aircraft landing gear market is set to evolve, aligning with the broader trends of sustainability and efficiency in the aviation sector.

๐†๐ž๐ญ ๐€ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž:
https://www.fortunebusinessinsights.com/enquiry/sample/aircraft-landing-gear-market-101815

๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ
AAR Corporation (U.S.)
Alaris Aerospace (U.S.)
CIRCOR International Inc. (U.S.)
Collins Aerospace (U.S.)
GKN Aerospace (U.K.)
Hawker Pacific Aerospace (U.S.)
Heroux-Devtek Inc. (Canada)
Liebherr Group AG (Germany)
Magellan Aerospace Corporation (Canada)
Safran SA (France)
SPP Canada Aircraft Inc. (Canada)
Triumph Group Inc. (U.S.)

๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ
๐€๐ง๐ง๐ฎ๐ฅ๐ฅ๐ž๐ ๐€๐ข๐ซ๐œ๐ซ๐š๐Ÿ๐ญ ๐Ž๐ซ๐๐ž๐ซ๐ฌ ๐š๐ฆ๐ข๐ ๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐ญ๐จ ๐€๐Ÿ๐Ÿ๐ž๐œ๐ญ ๐€๐ข๐ซ๐œ๐ซ๐š๐Ÿ๐ญ ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐‘๐š๐ญ๐ž๐ฌ
The COVID-19 pandemic has influenced all industries, sectors and all features of human lives with distressing economic as well as fiscal damages and substantial indecisions. The aviation industry perceived a noteworthy deterioration owing to the complete lessening of air passengers traffic (both international and domestic) varying from 60% in 2020 in comparison with 2019.

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‚๐จ๐ฏ๐ž๐ซ๐š๐ ๐ž
The report presents a detailed study of the market including current trends and future predictions to estimate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report. Step by step, thorough regional analysis is offered.
The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better. The top players in the market are identified, and their strategies to bolster the market growth are shared in the report.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง: ๐€๐ข๐ซ๐œ๐ซ๐š๐Ÿ๐ญ ๐‹๐š๐ง๐๐ข๐ง๐  ๐†๐ž๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ
On the basis of type, the aircraft landing gear market is classified into nose landing gear and main landing gear.
By platform, the market is categorized into fixed-wing and rotary-wing aircraft types.
In terms of arrangement type, the market is divided into the tail wheel, tandem, and tri-cycle.
On the basis of end-user, the market segments comprises OEM and aftermarket.
By components, the market is characterized into retraction systems, brakes & wheels, steering, and others. The retraction system segment is estimated to dominate the market and grow at a high CAGR during the forecast period.

๐€๐ฌ๐ค ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/aircraft-landing-gear-market-101815

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐‘๐ž๐ฌ๐ญ๐ซ๐š๐ข๐ง๐ญ๐ฌ
๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ข๐ง๐  ๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž๐ฆ๐ž๐ง๐ญ ๐จ๐Ÿ ๐Œ๐จ๐๐ž๐ซ๐ง ๐†๐ž๐ง๐ž๐ซ๐š๐ญ๐ข๐จ๐ง ๐€๐ข๐ซ๐œ๐ซ๐š๐Ÿ๐ญ ๐ญ๐จ ๐๐ซ๐จ๐ฉ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก
The acquirement of modern generation aircraft has risen owing to their enhanced features and fuel-proficiency. Furthermore, the increasing demand for fleet expansion and the rising of low cost and ultra-low cost carrier the market is experiencing exponential rise in orders for commercial aircraft, which is anticipated to boost the market for landing gear.
Furthermore, the rising expenditure for military aircraft by nations to reinforce defense competences is also projected to assist with the aircraft landing gear market growth.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐ญ๐จ ๐‹๐ž๐š๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ก๐š๐ซ๐ž ๐๐š๐œ๐ค๐ž๐ ๐›๐ฒ ๐’๐ญ๐ซ๐จ๐ง๐  ๐๐ซ๐ž๐ฌ๐ž๐ง๐œ๐ž ๐จ๐Ÿ ๐€๐ข๐ซ๐œ๐ซ๐š๐Ÿ๐ญ ๐Œ๐š๐ค๐ž๐ซ๐ฌ
North America stood at USD 3.85 billion in 2020 and is expected to hold the majority of the aircraft landing gear market share. This region dominated the global landing gear market in 2020.
The market in Europe is anticipated to grow reasonably owing to the occurrence of noticeable vital players and OEMs such as Airbus, Leonardo Spa, and Safran SA.
The aircraft landing gear market in Asia Pacific is anticipated to display significant growth owing to amplified defense expenditure on military aviation.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž
๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐ž๐ฌ ๐›๐ฒ ๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐ญ๐จ ๐„๐ง๐œ๐จ๐ฎ๐ซ๐š๐ ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก
The leading players in the market constantly opt for competent strategies to reinforce their brand value as well as endorse the global market growth of the product with encountering least possible hindrances. One such competent strategy is attaining competitive companies and further fortifying a profit for both the companies.

๐†๐ž๐ญ ๐š ๐๐ฎ๐จ๐ญ๐ž ๐๐จ๐ฐ:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/aircraft-landing-gear-market-101815

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ
August 2021: Precision Aviation Group, Inc. (PAG), which is a dominating supplier of aerospace and aviation products has declared that it has procured Trace Aviation (TA), based in Jackson, Mississippi, U.S.

๐‘๐ž๐š๐ ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Aircraft Sensors Market
https://www.fortunebusinessinsights.com/industry-reports/aircraft-sensors-market-101816

Airborne Fire Control Radar Market
https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

Automatic Dependent Surveillance Broadcast Market
https://www.fortunebusinessinsights.com/automatic-dependent-surveillance-broadcast-ads-b-market-103355

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:
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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:
Fortune Business Insightsโ„ข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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