North America Aircraft Landing Gear Market Size, Growth Status, Analysis and Forecast 2027

North America aircraft landing gear market is expected to grow from US$ 5.25 Bn in 2018 to US$ 8.56 Bn by the year 2027. This represents a CAGR of 5.7% from the year 2018 to 2027

North America Aircraft Landing Gear Market The aviation industry is quite dynamic as it adapts quickly with the ever-changing market forces and customer expectations. The macroeconomic trends across North America shape the overall growth outlook of the region's aviation industry. North America Aircraft Landing Gear Market The three major macro factors that are affecting the growth of the aviation industry include rising demand for air travel, regulatory and infrastructure developments, and technological advancements in aircraft.

As per Boeing's Aviation industry outlook, in the past five years, the year on year traffic growth as measured in revenue passenger kilometers is 6.7% on an average. The low airfares, rising disposable income, and growing travel & tourism market are some of the factors responsible for this growth. North America Aircraft Landing Gear Market The US aviation sector is the most prominent aviation industry in North America. The industry is continuously witnessing a surge in demand for air travel, which is leading the commercial airlines to increase their fleet, which is allowing aircraft manufacturers such as Boeing, Textron, and Gulfstream, among others, to grow their production lines. North America Aircraft Landing Gear Market An increase in aircraft production is catalyzing the demand for landing gear in North America, which is thereby bolstering the growth of aircraft landing gear market.

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North America Aircraft Landing Gear Market Currently, the US is dominating the aircraft landing gear market in terms of installation, which in turn boost the demand for aircraft landing gear market. The economy of the US largely depends upon the performance of the aerospace manufacturing industry in the country. The US aerospace industry is the largest in the world, and aerospace manufacturers in the country are considered to be highly competitive in the international market. North America Aircraft Landing Gear Market In the year 2018, the contribution of the aerospace industry by the export sales to the US economy amounted to US$ 151 Bn. The positive trade balance of US$ 88 Bn for fiscal 2018 was the largest for any manufacturing industry in the US. The figure given below highlights the revenue share of Mexico in the North American aircraft landing gear market in the forecast period:

North America Aircraft Landing Gear Strategic Insights

North America Aircraft Landing Gear Market Strategic insights for the North America Aircraft Landing Gear provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. North America Aircraft Landing Gear Market A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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The List of Companies

AAR Corp.

Circor International, Inc.

Collins Aerospace

GKN Aerospace Services Limited

Héroux-Devtek Inc.

Liebherr Group

Magellan Aerospace Corporation

SAFRAN S.A.

Sumitomo Precision Products Co., Ltd.

Triumph Group Inc.

North America Aircraft Landing Gear Market: An In-depth Analysis

The North American aircraft landing gear market has seen steady growth, driven by several factors, including increasing air travel demand, advancements in aviation technology, and the need for regular upgrades and maintenance. Aircraft landing gear is a critical component of any airplane, ensuring its safe landing and takeoff. This market includes both the supply of new landing gears for aircraft manufacturers and the replacement of existing ones during regular maintenance cycles.

Aircraft Landing Gear: Definition and Functionality

Aircraft landing gear is a vital system that supports an aircraft when it is on the ground, enabling takeoffs, landings, and taxiing. Landing gear typically consists of wheels, tires, struts, actuators, brakes, and other components that work together to provide stability and safety during ground operations. It must be designed to withstand the high stresses and forces exerted during landing and takeoff, while also providing smooth operation during taxiing.

The landing gear system can be classified into two main categories:

Main Landing Gear (MLG): This is typically composed of the larger wheels and is responsible for supporting the weight of the aircraft during landings and takeoffs. It is usually positioned under the wings or fuselage of the aircraft.
Nose Landing Gear (NLG): This gear is located at the front of the aircraft and provides support during ground operations, including taxiing, takeoff, and landing. It also helps maintain the aircraft's stability and balance.
Regulatory and Infrastructure Developments
Regulatory changes and infrastructure developments also play a critical role in shaping the growth of the aircraft landing gear market in North America. The regulatory environment in the US and Mexico is characterized by stringent safety standards, particularly with regard to landing gear systems. These standards are enforced by aviation authorities like the Federal Aviation Administration (FAA) in the US, which ensures that landing gear systems meet the highest safety and performance benchmarks.

As the aviation industry continues to expand, both the US and Mexico are investing in infrastructure improvements, including upgrades to airports, runways, and landing facilities. These developments are essential for accommodating the growing number of aircraft and ensuring that the required infrastructure is in place to support safe landings and takeoffs. This creates a favorable environment for the aircraft landing gear market, as new and existing airports invest in enhanced systems and technologies to meet the growing demand for air travel.

Moreover, the expansion of infrastructure is also expected to increase the demand for replacement landing gear systems and support services for older aircraft, which are often required to comply with updated regulations. This combination of regulatory oversight and infrastructure development will continue to propel the growth of the aircraft landing gear market in North America.

Conclusion
The North American aircraft landing gear market is experiencing strong growth, driven by macroeconomic factors such as rising demand for air travel, advancements in aircraft technology, and the continued expansion of the aerospace manufacturing sector. The US remains the dominant force in the market, with its thriving aerospace industry driving the demand for both new and replacement landing gear systems. Mexico's growing aerospace sector, coupled with its competitive manufacturing advantages, is expected to further contribute to the market's growth.

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