Aircraft Landing Gear Market Size, Share and Emerging Trends, Forecast 2024-2032

The global aircraft landing gear market was valued at USD 11.53 billion in 2023. It is expected to grow from USD 13.02 billion in 2024 to USD 32.67 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.2% from 2024 to 2032. In 2023, North America held a significant share of the market, accounting for 38.58%.

This information is published by Fortune Business Insights™, in its report, titled, "Aircraft Landing Gear Market Size, Share, and 2024-2032."

The aircraft landing gear market plays a crucial role in the aerospace industry, providing essential support for aircraft during landing, takeoff, and ground operations. Valued at USD 11.53 billion in 2023, this market is expected to grow significantly, driven by increasing air travel demand and advancements in aviation technology. Landing gear systems are designed for durability and reliability, ensuring passenger safety while minimizing maintenance costs. As aircraft manufacturers explore new designs and materials, the market is witnessing innovations that enhance performance and reduce weight. With rising investments in research and development, the aircraft landing gear market is set to evolve, aligning with the broader trends of sustainability and efficiency in the aviation sector.

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/sample/aircraft-landing-gear-market-101815

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭
AAR Corporation (U.S.)
Alaris Aerospace (U.S.)
CIRCOR International Inc. (U.S.)
Collins Aerospace (U.S.)
GKN Aerospace (U.K.)
Hawker Pacific Aerospace (U.S.)
Heroux-Devtek Inc. (Canada)
Liebherr Group AG (Germany)
Magellan Aerospace Corporation (Canada)
Safran SA (France)
SPP Canada Aircraft Inc. (Canada)
Triumph Group Inc. (U.S.)

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭
𝐀𝐧𝐧𝐮𝐥𝐥𝐞𝐝 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐎𝐫𝐝𝐞𝐫𝐬 𝐚𝐦𝐢𝐝 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐭𝐨 𝐀𝐟𝐟𝐞𝐜𝐭 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐑𝐚𝐭𝐞𝐬
The COVID-19 pandemic has influenced all industries, sectors and all features of human lives with distressing economic as well as fiscal damages and substantial indecisions. The aviation industry perceived a noteworthy deterioration owing to the complete lessening of air passengers traffic (both international and domestic) varying from 60% in 2020 in comparison with 2019.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
The report presents a detailed study of the market including current trends and future predictions to estimate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report. Step by step, thorough regional analysis is offered.
The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better. The top players in the market are identified, and their strategies to bolster the market growth are shared in the report.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐋𝐚𝐧𝐝𝐢𝐧𝐠 𝐆𝐞𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭
On the basis of type, the aircraft landing gear market is classified into nose landing gear and main landing gear.
By platform, the market is categorized into fixed-wing and rotary-wing aircraft types.
In terms of arrangement type, the market is divided into the tail wheel, tandem, and tri-cycle.
On the basis of end-user, the market segments comprises OEM and aftermarket.
By components, the market is characterized into retraction systems, brakes & wheels, steering, and others. The retraction system segment is estimated to dominate the market and grow at a high CAGR during the forecast period.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/aircraft-landing-gear-market-101815

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐌𝐨𝐝𝐞𝐫𝐧 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The acquirement of modern generation aircraft has risen owing to their enhanced features and fuel-proficiency. Furthermore, the increasing demand for fleet expansion and the rising of low cost and ultra-low cost carrier the market is experiencing exponential rise in orders for commercial aircraft, which is anticipated to boost the market for landing gear.
Furthermore, the rising expenditure for military aircraft by nations to reinforce defense competences is also projected to assist with the aircraft landing gear market growth.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐁𝐚𝐜𝐤𝐞𝐝 𝐛𝐲 𝐒𝐭𝐫𝐨𝐧𝐠 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐨𝐟 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐌𝐚𝐤𝐞𝐫𝐬
North America stood at USD 3.85 billion in 2020 and is expected to hold the majority of the aircraft landing gear market share. This region dominated the global landing gear market in 2020.
The market in Europe is anticipated to grow reasonably owing to the occurrence of noticeable vital players and OEMs such as Airbus, Leonardo Spa, and Safran SA.
The aircraft landing gear market in Asia Pacific is anticipated to display significant growth owing to amplified defense expenditure on military aviation.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐛𝐲 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐄𝐧𝐜𝐨𝐮𝐫𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The leading players in the market constantly opt for competent strategies to reinforce their brand value as well as endorse the global market growth of the product with encountering least possible hindrances. One such competent strategy is attaining competitive companies and further fortifying a profit for both the companies.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/aircraft-landing-gear-market-101815

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
August 2021: Precision Aviation Group, Inc. (PAG), which is a dominating supplier of aerospace and aviation products has declared that it has procured Trace Aviation (TA), based in Jackson, Mississippi, U.S.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Aircraft Sensors Market
https://www.fortunebusinessinsights.com/industry-reports/aircraft-sensors-market-101816

Airborne Fire Control Radar Market
https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

Automatic Dependent Surveillance Broadcast Market
https://www.fortunebusinessinsights.com/automatic-dependent-surveillance-broadcast-ads-b-market-103355

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This release was published on openPR.