Aerospace and Defense Wheel Market to Reach US$ 708.4 Million by 2034, Says Stratview Research

The aerospace and defense wheel market-responsible for critical aircraft components that support weight during landing, takeoff, and ground operations-is projected to reach US$ 708.4 million by 2034, growing at a CAGR of 2.8% over the forecast period from 2025 to 2034. This growth is primarily driven by the expansion of commercial aircraft fleets and rising air passenger traffic, which together increase the need for reliable, lightweight, and high-performance wheel systems to support intensified flight operations, regular maintenance cycles, and fleet modernization strategies.

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Market Statistics

• Market size: US$ 537.2 million in 2024
• Forecast value: US$ 708.4 million by 2034
• CAGR: 2.8% during 2025-2034
• Forecast period: 2025-2034
• Base year: 2024
• Total number of segments: Multiple (by application type, end-use type, wheel type, region)
•Tables & figures: 100+
• Country-Level Market Assessment: 20

Market Segmentation

• By Application Type: Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft
• By End-Use Type: OEM, Aftermarket
• By Wheel Type: Main Landing Gear Wheel, Nose Landing Gear Wheel
• By Region: North America, Europe, Asia-Pacific, Rest of the World

Segment Analysis

In the application type category, the commercial aircraft segment currently dominates the aerospace and defense wheel market due to the extensive size of global commercial fleets and continued expansion of air travel networks. Higher aircraft utilization-coupled with the need for fleet modernization and increased operational reliability-creates sustained demand for advanced wheel systems. This dominance underscores the strategic importance for suppliers to focus on high-volume commercial OEM relationships and aftermarket support services.

Under end-use type, the aftermarket segment holds the largest share, driven by frequent maintenance, repair, and replacement requirements associated with legacy and active aircraft fleets. Aircraft wheels undergo significant wear from repeated takeoffs, landings, and exposure to harsh operating environments, which fuels ongoing demand for refurbishment and replacements. This dynamic positions aftermarket service providers to capture long-term service contracts and recurring revenue streams.

For wheel type, main landing gear wheels dominate the market, as they bear most of the aircraft's weight and are subjected to greater loads, stress, and wear during ground operations compared to nose landing gear wheels. The higher operational demands on main landing gear wheels result in increased replacement cycles and maintenance needs, reinforcing their leading market position and highlighting opportunities for innovation in durable, performance-enhancing wheel technologies.

Regional Insights

In North America, the market maintains its dominance due to the presence of key aircraft OEMs and leading wheel manufacturers, a well-established aerospace supply chain, and high defense and commercial aviation activity. This mature ecosystem continues to support strong demand for advanced wheel systems and provides a strategic base for suppliers targeting OEM and aftermarket growth.

In the Asia-Pacific region, robust growth is anticipated over the forecast period, driven by increasing air passenger traffic, expanding commercial airline fleets, and growing aircraft production in key countries such as China, India, and Japan. This rising demand creates significant opportunities for market entrants and global players seeking deeper penetration and partnerships with regional OEMs and service providers.

Market Drivers

• Increasing air passenger traffic, expanding commercial airline operations, which raises demand for wheel systems due to higher flight frequencies and maintenance cycles.
• Fleet modernization programs that encourage the adoption of advanced, lightweight wheel technologies to improve aircraft performance and fuel efficiency.
• Frequent maintenance and replacement needs for wheels experiencing wear from repeated landings and takeoffs, supporting aftermarket growth.
• Growing aircraft production rates that stimulate OEM demand for wheel assemblies in new aircraft builds.
• Defense aviation investments that drive specialized wheel requirements for military aircraft operating in diverse environments.

Top Companies in the Market

• Safran
• Meggitt PLC (part of Parker Hannifin Corp)
• Collins Aerospace
• Honeywell International Inc.

Frequently Asked Questions

1. What is the projected value of the aerospace and defense wheel market by 2034?
The market is projected to reach US$ 708.4 million by 2034, growing at a CAGR of 2.8% during 2025-2034.
2. Which application segment leads the aerospace and defense wheel market?
The commercial aircraft segment leads due to its large fleet size and elevated air travel demand.
3. Why does the aftermarket segment dominate the wheel market?
The aftermarket segment dominates because aircraft wheels require frequent maintenance and replacement due to wear and tear.
4. Which wheel type holds the largest share in the aerospace and defense wheel market?
Main landing gear wheels hold the largest share due to higher operational loads and replacement frequency.
5. Which region offers the best market opportunity for aerospace and defense wheels?
North America remains the largest market, while Asia-Pacific is expected to grow rapidly due to rising air travel and aircraft production.

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