Aircraft Landing Gear Market is Forecasted to Reach US$ 14.1 Billion in 2034, Says Stratview Research

The global aircraft landing gear market is projected to witness a growth rate of 2.8% annually from 2024 to 2034, with an anticipated size of US$ 14.1 billion by 2034, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft landing gear market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2034: US$ 14.1 billion
Growth (CAGR): 2.8% during 2024-2034
Forecast Period: 2024-2034
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Landing Gear Market:

The global Aircraft Landing Gear market is segmented based on Type, Aircraft type, Aisle type, End-Use type, Wing type, and Region.

Based on aircraft type - The aircraft landing gear market is segmented into commercial aircraft, military aircraft, general aircraft, regional aircraft, helicopters, and UAVs. Commercial aircraft is dominating the aircraft landing gear market owing to increasing fleet size, aligned with the increasing MRO services for aging fleets. Regional aircraft are expected to witness the fastest growth during the forecast period, fueled by their growing appeal as a cost-effective option. Additionally, many countries are investing in the development of regional airports and air routes to enhance connectivity and carrier services, thus increasing demand for landing gear systems.

Based on aisle type - The aircraft landing gear market is segmented into single-aisle aircraft and twin-aisle aircraft. Twin-aisle aircraft are predominantly used for international and long-haul routes due to their larger passenger and cargo capacity. With the growth in global air travel and the reopening of international borders post-pandemic, the demand for wide-body aircraft is increasing, thus increasing the demand for landing gear systems. The rise in e-commerce and global supply chain expansions has boosted demand for wide-body freighters, which use landing gear systems similar to those of passenger twin-aisle aircraft.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

Asia-Pacific is anticipated to be the fastest-growing region for aircraft landing gear, fueled by the rapid expansion of the aviation industry in countries such as China and India driven by increasing passenger traffic, advancements in MRO services for fleet upgrades, and a growing middle class with rising disposable incomes

North America holds a dominant position in the market primarily due to the presence of major aircraft manufacturers like Boeing, a strong domestic aviation industry with large airlines, significant investment in research and development, and a well-established MRO sector. These factors contribute to the high demand for advanced landing gear systems within the region.

Aircraft Landing Gear Market Drivers:
Some of the key drivers listed in the report are given below.
• The increasing global demand for air travel and the expansion of commercial aircraft fleets. Many airlines are investing in new aircraft to meet the growing demand for air travel.
• Integrating advanced materials like composites, smart sensors, and electric actuation systems in landing gear drives innovation in this market. These developments improve durability, reduce maintenance, and enhance overall performance. Moreover, landing gear systems are subject to wear and tear, and regular maintenance is essential to ensure safe operations, creating opportunities for MRO service providers to meet the growing demand for landing gear repairs and replacements.

Top Companies in the Aircraft Landing Gear Market:
Stratview Research has identified the following companies as the top market players.
• Safran SA
• Collins Aerospace (RTX Corporation)
• Héroux-Devtek Inc.
• Liebherr-International AG
• Sumitomo Precision Products Co., Ltd.
• Magellan Aerospace
• Triumph Group, Inc.
• Eaton Corporation
• AAR Corp.
• Revima Group
• GKN Aerospace
• ELEB (Embraer Equipment Division)
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Aircraft Landing Gear Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.