Powered Wheels For Aircraft Landing Market Segmentation and Growth Opportunities through 2024-2031 | United Technologies Corporation (UTC) Aerospace Systems, Safran Group

Powered Wheels For Aircraft Landing Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Powered Wheels For Aircraft Landing market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Powered Wheels For Aircraft Landing market from 2024 to 2031, and what is the market value expected to change by 2031?

Global powered wheels for aircraft landing market reached USD 4.2 billion in 2022 and is expected to reach USD 7.9 bllion by 2031, growing with a CAGR of 8.3% during the forecast period 2024-2031.

What is Powered Wheels For Aircraft Landing Market?

Powered wheels for aircraft landing refer to advanced wheel systems equipped with motors or other power sources that assist in the landing and taxiing phases of an aircraft's operation.

Growth Driver

Technological advancements are driving the adoption of electric propulsion wheels in aviation, offering enhanced control, reduced maintenance, and improved efficiency over traditional hydraulic systems. Manufacturers are developing these electric-powered wheels to optimize braking and taxiing performance, contributing to the sustainability of aircraft landing gear. Additionally, the exploration of lightweight materials, such as advanced composites and alloys, aims to reduce weight without sacrificing strength, further boosting aircraft performance and fuel efficiency. These innovations are essential for the growth of the powered wheels market.

Key Players:

Profiles of some of the major players in the global Powered Wheels For Aircraft Landing market, which 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.

Industry Development:

In July 2023, Airbus is advancing plans to develop a lightweight wing for the next generation of its popular A320 airliners, aiming to maintain its competitive edge over U.S. rival Boeing.

In March 2023, the U.S. Defense Security Cooperation Agency (DSCA) notified Congress of a potential foreign military sale to Japan involving up to five E-2D Advanced Hawkeye (AHE) aircraft. The State Department has already approved the sale, which includes 12 T56-A-427A engines-two as spares and ten pre-installed-valued at approximately USD 1.38 billion.

In June 2022, France, Germany, and Sweden announced plans to develop a new fixed-wing medium-lift transport aircraft, launching the Future Mid-Size Tactical Cargo (FMTC) program during the European Wings event, hosted by the French Presidency of the Council of the European Union.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Powered Wheels For Aircraft Landing market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Wheels: Main Wheels, Cement, Nose Wheels or Tail Wheels

By Component: Bearings, Axles, Brake Systems, Others

By Aircraft: Commercial, Military, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Rest of South America

☞ Middle East and Africa

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