Aerospace Landing Gear Trends and Forecast
The future of the global aerospace landing gear market looks promising with opportunities in the OEM and aftermarket. The global aerospace landing gear market is expected to reach an estimated $9.3 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are rising air traffic, along with tightened government air safety standards, increasing airplane technological growth and innovation, rapid increase in the aviation and aerospace sector, as well as, growing technological investment towards the infrastructure improvement of the aerospace sector.Aerospace Landing Gear by Segment
The study includes a forecast for the global aerospace landing gear by position, aircraft type, arrangement, end use, and region.Aerospace Landing Gear Market by Position [Shipment Analysis by Value from 2018 to 2030]:
- Main Landing Gear
- Nose/Tail Landing Gear
Aerospace Landing Gear Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:
- Commercial Aircraft
- General Aircraft
- Military Aircraft
Aerospace Landing Gear Market by Arrangement [Shipment Analysis by Value from 2018 to 2030]:
- Tail Wheel
- Tandem
- Tri-Cycle
Aerospace Landing Gear Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- OEM
- Aftermarket
Aerospace Landing Gear Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Aerospace Landing Gear Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aerospace landing gear companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aerospace landing gear companies profiled in this report include:- GKN Aerospace Services
- Safran Landing Systems
- AAR
- Liebherr Group
- Triumph Group
- Eaton
- SPP Canada Aircraft
- Whippany Actuation Systems
- CIRCOR Aerospace
- Magellan Aerospace
Aerospace Landing Gear
The publisher forecasts that main landing gear will remain the larger segment over the forecast period due to minimum volume, minimum weight for high performance, and longer gear system life are required.Within this market, OEM will remain the larger segment due to expansion of fleets by airlines and military operators.
North America will remain the largest region over the forecast period due to large number of aircraft manufacturers and a high prevalence of airports handling heavy traffic, as well as, increasing orders and aircraft sales across the region.
Features of the Global Aerospace Landing Gear Market
- Market Size Estimates: Aerospace landing gear market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Aerospace landing gear market size by position, aircraft type, arrangement, end use, and region in terms of value ($B).
- Regional Analysis: Aerospace landing gear market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different position, aircraft type, arrangement, end use, and regions for the aerospace landing gear market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aerospace landing gear market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the aerospace landing gear market size?Answer: The global aerospace landing gear market is expected to reach an estimated $9.3 billion by 2030.
Q2. What is the growth forecast for aerospace landing gear market?
Answer: The global aerospace landing gear market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aerospace landing gear market?
Answer: The major drivers for this market are rising air traffic, along with tightened government air safety standards, increasing airplane technological growth and innovation, rapid increase in the aviation and aerospace sector, as well as, growing technological investment towards the infrastructure improvement of the aerospace sector.
Q4. What are the major segments for aerospace landing gear market?
Answer: The future of the global aerospace landing gear market looks promising with opportunities in the OEM and aftermarket.
Q5. Who are the key aerospace landing gear market companies?
Answer: Some of the key aerospace landing gear companies are as follows:
- GKN Aerospace Services
- Safran Landing Systems
- AAR
- Liebherr Group
- Triumph Group
- Eaton
- SPP Canada Aircraft
- Whippany Actuation Systems
- CIRCOR Aerospace
- Magellan Aerospace
Answer: The publisher forecasts that main landing gear will remain the larger segment over the forecast period due to minimum volume, minimum weight for high performance, and longer gear system life are required.
Q7. In aerospace landing gear market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to large number of aircraft manufacturers and a high prevalence of airports handling heavy traffic, as well as, increasing orders and aircraft sales across the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aerospace landing gear market by position (main landing gear and nose/tail landing gear), aircraft type (commercial aircraft, general aircraft, and military aircraft), arrangement (tail wheel, tandem, and tri-cycle), end use (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Aerospace Landing Gear Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- GKN Aerospace Services
- Safran Landing Systems
- AAR
- Liebherr Group
- Triumph Group
- Eaton
- SPP Canada Aircraft
- Whippany Actuation Systems
- CIRCOR Aerospace
- Magellan Aerospace
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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