Press release
Emerging Main Landing Gears Market Trend 2025-2034: Innovative Reinforced Main Landing Gear Enhances Aircraft Performance And Durability
How Is the Main Landing Gears Market Projected to Grow, and What Is Its Market Size?_x000D_The market for primary landing gears has significantly expanded in the past few years. The market will swell from $5.26 billion in 2024 to $5.58 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.0%. The growth witnessed in the previous period is due to factors like the surge in production of next-generation aircraft, rising demand for aircraft gearboxes and regional and business jets, enhanced manufacturing materials, and escalating demands for commercial and military-grade aircraft._x000D_
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Expectations are high for significant expansion in the main landing gears market in the coming years. With a compound annual growth rate (CAGR) of 5.6%, it is predicted to reach a value of $6.94 billion by 2029. Factors contributing to this predicted growth include improved ground handling capabilities, higher demand for aircraft, a greater emphasis on performance metrics and cybersecurity, and an increase in air travel. Key trends to look out for during this forecast period include advancements in materials and composites, the implementation of intelligent sensors, progress in automation and robotic technologies, advancements in hydraulic systems, and a greater focus on creating environmentally friendly landing gear._x000D_
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What Are the Key Drivers Behind the Growth of the Main Landing Gears Market?_x000D_
The main landing gear market is poised for growth with the rising trend for air travel. The increasing demand for air travel, another term for transportation via aircraft such as planes or helicopters, can be attributed to factors like economic prosperity, globalization, burgeoning tourism, and urbanization. These factors lead to larger disposable incomes, more frequent international business transactions, and an intensified interest in global travel. Principal landing gears improve aircraft safety, performance, and dependability which consequently enhances passenger trust and boosts efficiency of operation; this leads to an uptake in air travel. For example, in 2024, the Canada-based International Air Transport Association recorded that air travel traffic in 2023, gauged in terms of revenue passenger kilometers (RPKs), saw an increase of 36.9% from 2022, with air travel in December 2023 specifically shooting up by 25.3% compared to the same month in the previous year. Hence, the mounting demand for air travel is a primary driver for the expansion of the main landing gear market._x000D_
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Who Are the Major Industry Players Fueling Main Landing Gears Market Expansion?_x000D_
Major companies operating in the main landing gears market are The Boeing Company, Airbus SE, Northrop Grumman Corporation, Honeywell International Inc., Eaton Corporation, Safran, Collins Aerospace, Parker Hannifin Corp., Liebherr Group, SKF, ST Engineering, Spirit AeroSystems Inc., GKN Aerospace, Meggitt PLC, Triumph Group, Avio Aero, DAHER AEROSPACE INC., Héroux-Devtek, JAMCO Corporation, UAVOS INC., Aerospace Industrial Development Corporation, SPP Canada Aircraft Inc., UMBRAGROUP_x000D_
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Which Key Developments Are Influencing the Main Landing Gears Market?_x000D_
Major firms in the primary landing gear market are turning to advanced technological solutions, like reinforced main landing gear, in order to improve aspects such as performance, safety, and sturdiness of aircrafts. Reinforced main landing gear is a type of aircraft gear, specifically engineered and built utilizing state-of-the-art materials and crafting techniques to greatly boost its strength, longevity, and functionality. An example is the upgraded main landing gear for heavy-lift, fixed-wing aircraft, unveiled by UAVOS Inc., a manufacturer of unmanned aircraft systems based in the US, in September 2023. The next-gen landing gear system - designed to aid aircraft with a max takeoff weight of up to 1200 kg - features prepreg composite materials made via a high-temperature molding process, resulting in strength boosting by 50% and a substantial weight reduction when juxtaposed with traditional steel counterparts. Weighing just 19 kg, its light design seeks to reduce aerodynamic drag and fuel usage, ultimately amplifying the operational flexibility and endurance of UAVOS's MALE UAS platforms._x000D_
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How Is the Segmentation of the Main Landing Gears Market Defined?_x000D_
The main landing gearsmarket covered in this report is segmented -_x000D_
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1) By Type: Fixed, Retractable_x000D_
2) By Application: Commercial Aircraft, Military Aircraft, Business Jets, Helicopters_x000D_
3) By End-User: Original Equipment Manufacturer (OEM), Aftermarket_x000D_
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Subsegments:_x000D_
1) By Fixed Landing Gears: Tricycle Fixed Landing Gear, Tailwheel Fixed Landing Gear, Skid Landing Gear, Tundra Landing Gear_x000D_
2) By Retractable Landing Gears: Tricycle Retractable Landing Gear, Tailwheel Retractable Landing Gear, Semi-Retractable Landing Gear, Fully Retractable Landing Gear._x000D_
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What Is the Leading Region in the Main Landing Gears Market?_x000D_
North America was the largest region in the main landing gears market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the main landing gears market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Main Landing Gears Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Main Landing Gears Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Main Landing Gears Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Main Landing Gears Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Main Landing Gears Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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