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Rising Air Travel Demand Fuels Growth In The Main Landing Gear Market: Transformative Forces Shaping the Main Landing Gears Market Landscape in 2025
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What Will the Main Landing Gears Industry Market Size Be by 2025?_x000D_
The market size for main landing gears has witnessed robust growth in the recent past. It is projected to expand from $5.26 billion in 2024 to $5.58 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.0%. The reasons for this growth during the historic period include the rising manufacture of next-age aircraft, growing demand for aircraft gearboxes and regional and business jets, improvements in manufacturing materials, and the escalating demand for commercial and military aircraft._x000D_
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What's the Long-Term Growth Forecast for the Main Landing Gears Market Size Through 2029?_x000D_
The market size for primary landing gears is projected to experience significant growth over the next few years, reaching $6.94 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 5.6%. Factors contributing to this growth during the forecast period include the enhancement of ground operations efficiency, increasing aircraft demand, heightened emphasis on performance measurements, an intensified focus on cybersecurity, and the rising popularity of air travel. The projection period also presents a variety of trends such as advancements in materials and composite production, the incorporation of intelligent sensors, progress in automation and robotic technology, the evolution of high-end hydraulic systems, and the growing commitment to creating eco-friendly landing gear._x000D_
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What Are the Key Growth Drivers Fueling the Main Landing Gears Market Expansion?_x000D_
The growth of the main landing gear market is forecasted to accelerate due to the burgeoning demand for air travel. Defined as the transport method that involves moving from one place to another using aircraft, such as helicopters or airplanes, the demand for air travel is surging due to factors like economic advancement, globalization, increasing tourism, and urbanization. These factors result in shrill disposable incomes, expanded international business practices and an amplified urge for worldwide exploration. Main landing gears play a crucial role in driving the demand for air travel as they enhance aircraft safety, performance, and dependability. Consequently, this bolsters passenger trust and operational efficiency, leading to an upsurge in air travel. For example, the International Air Transport Association, a trade association located in Canada, reported in January 2024 that total air travel traffic for 2023, represented in revenue passenger kilometers (RPKs), observed a hefty increase of 36.9% from 2022. Here, the traffic for December 2023 specifically swelled up by 25.3% compared to December 2022. Hence, the mounting demand for air travel is propelling the growth of the main landing gear market._x000D_
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What Are the Key Trends Driving Main Landing Gears Market Growth?_x000D_
Leading corporations in the main landing gear market are prioritizing the development of technologically sophisticated solutions, including reinforced main landing gear, to improve the performance, safety, and durability of aircraft. Reinforced main landing gear is an advanced type of aircraft landing gear made using high-grade materials and sophisticated design methods aimed at substantially enhancing its performance, durability, and strength. For instance, UAVOS Inc., a U.S.-based unmanned aircraft systems producer, launched an enhanced main landing gear specifically for heavy-lift fixed-wing planes in September 2023. This upgraded landing gear system, designed to bear a maximum takeoff weight of up to 1200 kg, utilizes high-tech prepreg composite materials produced via a high-temperature molding technique. This results in a 50% boost in strength and a considerable reduction in weight compared to its conventional steel counterparts. The landing gear's lightweight construction, which weighs a mere 19 kg, is intended to decrease aerodynamic drag and fuel use, thereby optimizing the operational versatility and endurance of UAVOS's MALE UAS platforms._x000D_
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How Is the Main Landing Gears Market Segmented?_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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Which Companies Are Leading the Charge in Main Landing Gears Market Innovation?_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 Regions Are Leading the Global Main Landing Gears Market in Revenue?_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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