PUBLISHER: Value Market Research | PRODUCT CODE: 1578241
PUBLISHER: Value Market Research | PRODUCT CODE: 1578241
The global demand for Aerospace Landing Gear Market is presumed to reach the market size of nearly USD 45.76 Billion by 2032 from USD 28.14 Billion in 2023 with a CAGR of 5.55% under the study period 2024-2032.
The aerospace landing gear is an undercarriage that is used during the time of take-off or landing. There are three basic landing gear arrangements for aircraft: the tail wheel gear type, tandem landing gear, and the tricycle type landing gear. The main objective of these landing gears is to provide a suspension system during take-off and landing by dissipating the kinetic generated during take-off and landing. Dissipating the kinetic energy helps in preventing any damage to the aircraft frame.
The market for aerospace landing gear is growing steadily. A significant factor driving this growth is the increase in demand for aircraft, which is due to the rise in passenger traffic. Rising middle-income population affordability for air travel with reduced prices, together with growth in the tourism sector, will further assist industry expansion. Advancement in existing technologies and increase in the plane's efficiency are other factors driving the market growth for aerospace landing gear. In addition, the need for light aircraft has further contributed to the market development. Modern aircraft now have their landing gear working on the Electro-Hydrostatic Actuation, which consumes less power than the conventional hydraulic systems that consume more energy and are also very heavy. This supplements the aerospace landing gear market growth. Rising defence budgets, and demand for next-generation military aircraft, will drive market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Aerospace Landing Gear. The growth and trends of Aerospace Landing Gear industry provide a holistic approach to this study.
Market Segmentation
This section of the Aerospace Landing Gear market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global Aerospace Landing Gear Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Aerospace Landing Gear market include Heroux-Devtek Inc, Safran Landing Systems, SPP Canada Aircraft Inc, Triumph Group, UTC Aerospace Systems, Magellan Aerospace, Liebherr Group, Hawker Pacific Aerospace, GKN Aerospace, Eaton Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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