The global aircraft landing gear market size is expected to reach USD 11.39 billion by 2030, according to a new study by Polaris Market Research. The report “Aircraft Landing Gear Market Share, Size, Trends, Industry Analysis Report, By Type (Main Landing, Nose Landing Gear), By Sub-system (Actuation System, Steering System, Brake system, Others), By Aircraft Type; By End-User (OEM, Aftermarket) By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing number of airplane deliveries on account of growing passenger traffic and upgrades in an existing airplane system, coupled with increasing technological developments to improve the performance and efficiency of airplanes, are the significant factors that fuelled the growth outlook of the global industry.
The industry is gaining massive traction across the wide-ranging end-use application in the aerospace & defense sector owing to its significance such as providing a better suspension system during take-off and landing, as well as this effective mechanism reducing the impact loads transmitted to the airline by dissipating the kinetic energy compared to other forms of tools. This further contributes to the high demand for the product as an integral component in the aerospace & defense sector, thereby presenting a lucrative prospect for industry growth over the projected period.
Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/aircraft-landing-gear-market/request-for-sample
Based on the sub-system, the actuation system segment is leading the global industry and is anticipated to lead the industry over the forecast period. The gradual surge in investments into technologies such as additive manufacturing for down panels and other seat components to reduce the inclusive weight and cost of manufacturing is projected to influence the development of a lightweight actuation system and airplane.
In recent years, airlines and the airplane sector have strongly emphasized intelligent building fleets that offer better network flexibility and increased capability while reducing risk and enhancing efficiency and sustainability. Thus, the technologically-advanced airplane gear is an effective solution to be activated and retracted using a more localized and electrical solution, which drives the industry growth worldwide. Furthermore, increasing airplane deliveries due to growing passenger traffic will create a lucrative market growth during the forecast period. For instance, according to Airbus estimates, it is anticipated that total commercial airplane deliveries are totaled 37,390 units by 2037, representing growth from 33,700 units in 2016.
Market participants such as AAR, Eaton Corporation, Circor International, GKN Aerospace, Hawker Pacific Aerospace, Honeywell International, Heroux-Devtek, Inc., Liebherr Group, Magellan Aerospace, Safran, Triumph Group, United Technologies, SPP Canada airplane, and UTC Aerospace Systems are some of the key players operating in the global market. For instance, in March 2022, Saudi Aircraft Accessories and Components Company (AACC) signed an agreement with Safran Landing to expand its services.
Polaris market research has segmented the aircraft landing gear market report on the basis of type, sub-system, aircraft type, end-user, and region:
Aircraft Landing Gear, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Aircraft Landing Gear, Sub-system Outlook (Revenue - USD Billion, 2018 - 2030)
Aircraft Landing Gear, Aircraft Type Outlook (Revenue - USD Billion, 2018 - 2030)
Aircraft Landing Gear, End User Outlook (Revenue - USD Billion, 2018 - 2030)
Aircraft Landing Gear, Regional Outlook (Revenue - USD Billion, 2018 - 2030)