The content provided contains information about various global market reports on industries such as food automation, construction industry core drill, metal cutting tools, industrial coatings, and grinding media balls. SkyQuest Technology is a growth consulting firm providing market intelligence, commercialization, and technology services to over 450 clients worldwide. The report includes insights on major players, market shares, geographic analysis, and key drivers of growth. Additionally, SkyQuest Technology offers custom requirements for individuals seeking further assistance. Overall, the content highlights significant developments in various industries and provides valuable insights to businesses looking to expand their operations.
Aircraft Landing Gear Market Poised to Surpass USD 47.49 Billion by 2030
According to SkyQuest’s latest report, the Aircraft Landing Gear market is projected to experience significant growth in the North American and Asia Pacific regions, exceeding USD 47.49 billion by 2030 at a CAGR of 17.9% from 2022 to 2030. This growth is attributed to the escalating demand for air travel, technological advancements, increased focus on fuel efficiency, and surging demand for eco-friendly technology.
The aviation industry’s emphasis on sustainability and eco-friendly technologies is driving the need for advanced and lightweight landing gear systems that mitigate fuel consumption and enhance operational efficiency. SkyQuest’s global research findings reveal that the Lightweight landing gear system market is projected to grow at a CAGR of over 6%, indicating growth potential for associated industries, including the Aircraft Landing Gear market.
There is also a consistent demand for landing gear systems in the aftermarket, as airlines progressively invest in new landing gear systems that offer improved performance and reliability as the existing aircraft become obsolete and need upgrades or replacements.
In contemporary times, the significance of the aircraft landing gear market lies in its ability to facilitate secure and effective aircraft landings, ensuring the safety of passengers and minimizing aircraft damage.
Prominent Players in Aircraft Landing Gear Market
The report by SkyQuest also sheds light on some of the prominent players in the Aircraft Landing Gear market, including United Technologies Corporation.
The report provides an in-depth look at the Aircraft Landing Gear market, with 249 pages, 87 tables, and 68 figures. For those seeking more insight into this rapidly growing market, SkyQuest offers a sample copy of the report on their website.
Commercial Aircraft Type to Drive Higher Sales in Aircraft Landing Gear Market
The Aircraft Landing Gear market has been witnessing rapid development, with the lithium-ion batteries segment playing a significant role in its expansion in 2021. As per a recent analysis, this trend is expected to continue from 2022 to 2030, with the segment retaining its dominance in the market. The escalating demand for air travel, driven by factors like increasing disposable income, evolving consumer preferences, and burgeoning tourism, is expected to drive higher sales in the Commercial Aircraft Type segment. Market research firm, SkyQuest, has projected that the Commercial Aircraft Type will grow at a CAGR of 6.14% during the forecast period.
North America is poised to become a dominant player in the Aircraft Landing Gear market, as per the research analysis. The presence of major aircraft manufacturers and landing gear system suppliers, rising defense budgets, and surging demand for air travel is driving this expansion. SkyQuest has projected that the region will grow at a CAGR of 5.82% during the forecast period.
Wheels and Brakes Component Segment to Exhibit Strong Growth
The Wheels and Brakes Component segment emerged as the dominant method in the Aircraft Landing Gear market in 2021 and is expected to retain its lead from 2022 to 2030. The increasing demand for lightweight and advanced wheels and brakes systems that can boost the operational efficiency and safety of aircraft is driving this trend. Additionally, the use of carbon fiber and other advanced materials in the production of wheels and brake systems is propelling the growth of this segment.
Prominent Players in the Aircraft Landing Gear Market
The Aircraft Landing Gear market has numerous prominent players, including Safran Landing Systems, Honeywell Aerospace, AAR Corporation, Triumph Group Inc., GKN Aerospace Services Limited, Eaton Corporation, Circor Aerospace & Defense, Heroux-Devtek Inc., Liebherr-International AG, UTC Aerospace Systems, Whippany Actuation Systems, Héroux-Devtek Inc., Messier-Bugatti-Dowty, CESA, Collins Aerospace, Magellan Aerospace Corporation, SPP Canada Aircraft, Inc., and Merrill Technologies Group.
For those seeking more insight into this rapidly growing market, SkyQuest offers a summary of the report and a complete Table of Contents (ToC) on their website.
Asia Pacific Emerges as a Major Force in Aircraft Landing Gear Market, Projected to Lead Market by 2030
The Asia Pacific region is expected to dominate the Aircraft Landing Gear market, with a projected CAGR of 6.97% during the forecast period. This is due to the growing demand for air travel, expanding middle-class population, and the rapid expansion of the aerospace and defense industries. According to SkyQuest, the Asia Pacific region will retain its position as the leading market for aircraft landing gear by 2030.
Comprehensive Analysis of Major Players and Key Developments in Aircraft Landing Gear Market
A recent report has conducted a comprehensive analysis of major players in the Aircraft Landing Gear market, including collaborations, mergers, innovative business policies, and strategies. The report provides valuable insights into key trends and breakthroughs in the market, market share of top segments, and a detailed geographic analysis. Additionally, the report highlights major players in the industry and their efforts to develop innovative solutions to cater to the growing demand.
Key Developments in Aircraft Landing Gear Market
Parker-Hannifin has acquired Meggitt for £6.3 billion to expand its range of products to the aviation industry, including landing gear, braking systems, and more. Aero 3 Inc., parent company of AeroRepair, has acquired Aircrafters, Inc., a major supplier of wheel and brake parts for the aviation industry. The acquisition includes aftermarket distribution of Collins wheel and brake parts, an extensive parts inventory, and exchange asset pools catering to multiple global operators.
Speak to Analyst for Custom Requirements and Key Questions Answered in Aircraft Landing Gear Market Report
SkyQuest provides a platform to speak to analysts to address custom requirements and have key questions answered in the Aircraft Landing Gear market report. The report aims to answer specific questions such as what the specific drivers of growth that are projected to impact the market during the forecast period, and how regional trends and patterns differ within the global market, and how these differences might shape the market’s future growth. SkyQuest offers a library of related reports to supplement the Aircraft Landing Gear market report.
SkyQuest Technology is a growth consulting firm that provides market intelligence, commercialization, and technology services to over 450 clients worldwide. The company’s headquarters is located in Westford, Massachusetts, at 1 Apache Way, and can be contacted via phone at +1-617-230-0741 or through email at sales@skyquestt.com. SkyQuest’s library includes reports on various markets, including the global food automation market, global construction industry core drill market, global metal cutting tools market, and global grinding media balls market.
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