Aircraft Tires Market Size Worth $ 3,353.10 Million By 2032 | CAGR: 3.6%

The global aircraft tires market size is expected to reach USD 3,353.10 million by 2032, according to a new study by Polaris Market Research. The report “Aircraft Tires Market Share, Size, Trends, Industry Analysis Report, By Type (Radial-Ply Tires, Bias-Ply Tires); By Aircraft Type; By Platform (Fixed-Wing Aircraft, Rotary-Wing Aircraft); By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The significantly increasing demand for aircraft tires market is due to the demand for reliable and suitable aircraft applications. These tires are known for their robust construction, which allows them to handle the high loads and pressures experienced during aircraft landings, takeoffs, and taxiing. Their durability and ability to withstand these demanding conditions make them a preferred choice in various industries. The need for a newer generation of aircraft in military and commercial sectors, along with the extensive rise in R&D activities of innovative aircraft tires are the major driving factors for the aircraft tires market growth.

However, the COVID-19 pandemic had ramified impact on the growth of the aircraft tires market. The operations of companies in most countries were not operating; as a result, the export-import of raw materials for manufacturing tires was unavailable. It significantly impacted the aircraft tires market due to the sharp decline in air travel demand and, subsequently, the aircraft tires market.

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Furthermore, incorporation of sensor technology and Internet of Things (IoT) capabilities into aircraft tires is another notable trend in the aviation industry. Smart tires with sensors can monitor tire health and performance in real-time. Data on tire pressure, temperature, and wear are collected and transmitted to maintenance crews, allowing for proactive maintenance and minimizing the risk of tire failures. For instance, In October 2019, Tyrata, Inc. demonstrated that its patented IntelliTread Internal Tread Sensor (ITS) can effectively measure tire tread depth to maintain tire health for optimal performance and safety.

Furthermore, in 2021, Dunlop Aircraft Tyres collaborated with Farafair to develop a new, more sustainable aircraft tire as part of the UK’s commitment to achieving Net Zero emissions and the BEHA (Bio Electric Hybrid Aircraft) development program.

Aircraft Tires Market Report Highlights

• The radial-ply tires segment dominated the market and is projected to grow at a CAGR during the projected period, mainly driven by its growing demand in the aircraft tires market due to their superior performance and safety benefits.
• The commercial aviation segment accounted for the largest market share and is anticipated to grow at the fastest CAGR owing to its demand for aircraft tires.
• The fixed-wing aircraft segment dominated the market and is expected to grow at the fastest CAGR owing to an increase in international air travel and global air passenger traffic.
• The North America accounts for the largest market share in the aircraft tires industry due to the rapid growth and significant investments in the aerospace and aviation sector.
• The global key market players include Bridgestone Corporation, Desser Aerospace Companies, Dunlop Aircraft Tyres Ltd., Michelin, Petlas, etc.

Polaris Market Research has segmented the Aircraft Tires market report based on type, aircraft type, platform, end-user, and region:

Aircraft Tires, Type Outlook (Revenue - USD Million, 2019 - 2032)

• Radial-Ply Tires
• Bias-Ply Tires

Aircraft Tires, Aircraft Type Outlook (Revenue - USD Million, 2019 - 2032)

• Commercial Aviation
• Military Aviation
• Business and General Aviation

Aircraft Tires, Platform Outlook (Revenue - USD Million, 2019 - 2032)

• Fixed-Wing Aircraft
• Rotary-Wing Aircraft

Aircraft Tires, End-User Outlook (Revenue - USD Million, 2019 - 2032)

• OEMs
• Replacement
• Retreading

Aircraft Tires, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Malaysia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Aircraft Tires Market Report Scope