Aircraft Landing Gear Market to Surpass a Valuation of US$ 15 Billion by Year 2034 at a CAGR of 6.5% | Future Market Insights, Inc.

Emerging Markets and Expanding Airline Networks are Driving the Demand for Advanced Landing Gear. The Adoption of Industry 4.0 Technologies and Composite Materials and the Rising Trends of Additive Manufacturing and Digitalization are Enabling Sustainable Development in Landing Gear Systems.


NEWARK, Del, Feb. 08, 2024 (GLOBE NEWSWIRE) -- The global aircraft landing gears market is estimated to be around US$ 8 billion in 2024. It is projected to exhibit a CAGR of 6.5% over the forecast period and reach an estimated market size of US$ 15 billion by 2034.

Globalization, the growing middle-class population, and increased connectivity have taken the aviation sector to its all-time peak. This has generated a huge demand for aircraft and their parts in the international marketplace. The aircraft landing gear industry is witnessing a surge in demand from commercial airlines for their fleets of passenger and cargo aircraft. The use of aircraft landing gear is also widespread among armed forces globally, which employ it for military aircraft, including fighters, transport planes, and helicopters.

Request Exclusive Sample Report: Aircraft Landing Gear Market Strategic Insights: https://www.futuremarketinsights.com/reports/sample/rep-gb-18907

Companies that design and retrofit old aircraft are increasingly adopting modern aircraft landing gear and integrating it into their new aircraft during the manufacturing process. The demand for these landing gear is also among the companies that lease aircraft to airlines and are increasingly involved in purchasing landing gear as part of their aircraft maintenance and asset management activities.

Government organizations responsible for national aviation and defense are also witnessing a rise in the adoption of aircraft landing gear to procure landing gear for military and governmental aircraft. Entities engaged in aerospace research and development are acquiring landing gear for testing and prototyping purposes, indicating a growing demand for aircraft landing gear in this sector.

“Companies in the aircraft landing gear explore opportunities in emerging aviation markets and establish a global presence through partnerships, distribution networks, or establishing subsidiaries in key aviation regions,”
- Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Market Study

  • The main landing gear segment dominates the aircraft landing gear market with a CAGR of 6.30%.
  • Based on the sub-system, the actuation system segment leads the aircraft landing gear market with a CAGR of 6.10%.
  • The demand for aircraft landing gear in the United States is anticipated to grow at a rate of 6.80% through 2034.
  • The aircraft landing gear market in the United Kingdom is estimated to rise at a whopping 7.70% CAGR through 2034.
  • The aircraft landing gear market in Japan has the potential to increase at 7.90% CAGR through 2034.
  • The market for aircraft landing gear in South Korea is predicted to rise by 8.50% CAGR through 2034.
  • The sales of aircraft landing gear in China are very likely to grow at a rate of 6.90% through 2034.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights: https://www.futuremarketinsights.com/checkout/18907

Competitive Landscape

The aircraft landing gear market is highly fragmented and includes both international and domestic companies. Prominent players in the market include Safran Landing Systems, Collins Aerospace, Liebherr-Aerospace, Heroux-Devtek, and others. These companies are investing heavily in research and development to improve performance, fuel efficiency, and safety through lightweight materials, advanced sensors, and smart technologies.

Key Companies in the Market

  1. Safran Landing Systems
  2. Collins Aerospace (Raytheon Technologies)
  3. Liebherr-Aerospace
  4. Heroux-Devtek
  5. Triumph Group
  6. UTC Aerospace Systems (now part of Raytheon Technologies)
  7. Meggitt PLC
  8. Eaton Corporation
  9. CIRCOR Aerospace
  10. Parker Hannifin Corporation

For instance, Revima expanded its landing gear repair capabilities to its Yainville, Normandy facility in France. The focus is on minor repairs and recertification for mid-life solutions, initially for Airbus A320 and A330 family aircraft, with plans for further platform extensions in the coming months.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-18907

Key Segments in the Aircraft Landing Gear Market

By Type:

  • Main Landing Gear
  • Nose Landing Gear

By Sub-system:

  • Actuation System
  • Steering System
  • Brake System
  • Others

By Aircraft Type:

  • Fixed Wing
  • Rotary Wing

By End User:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • The Middle East and Africa (MEA)
  • Europe

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI’s Extensive Ongoing Coverage in the Automotive Domain

Advanced Gear Shifter System Market Share is projected to register an impressive 8.8% CAGR until 2034. In 2024, the market is estimated to be valued at US$ 17.7 billion.

Railway Draft Gears Market Size is anticipated to register a moderate CAGR of 4.5% from 2023 to 2033.

Aircraft Carbon Brake Disc Market Outlook is expected to hold a share of US$ 2.1 billion by 2033.

Aircraft Tube and Duct Assemblies Market Demand is predicted to expand at a CAGR of 8.9% between 2023 and 2033, totaling around US$ 6,229.4 million by 2033.

Aircraft Pushback Tugs Market Growth is to reach US$ 6.5 Billion by 2032.

Aircraft Hydraulic System Market Share is expected to surge from US$ 12.6 billion in 2024 to US$ 25.9 billion in 2034.

Aircraft Cabin Interior Industry Size is projected to reach US$ 37.6 billion by 2033.

Commercial Aircraft Video Surveillance Systems Market Outlook is projected to reach US$ 299.32 million by 2033.

Automotive Brake System & Components Market Share is projected to be valued at US$ 109,862.1 million by 2033.

Air Brake Systems Market Demand is anticipated to surpass US$ 3,003.5 Million by the year 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube