Global Aircraft Landing Gear and Brakes
Market Report
2024
The Global Aircraft Landing Gear and Brakes Market is Growing at a Compound Annual Growth Rate (CAGR) of 6.20% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global aircraft landing gear and brakes market size is USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.20% from 2023 to 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Aircraft Landing Gear and Brakes Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
North America Aircraft Landing Gear and Brakes Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Europe Aircraft Landing Gear and Brakes Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
Asia Pacific Aircraft Landing Gear and Brakes Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
South America Aircraft Landing Gear and Brakes Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
Middle East and Africa Aircraft Landing Gear and Brakes Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.1% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Aircraft Landing Gear and Brakes Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Key players in the aircraft landing gear and brakes market employ various strategies to maintain and enhance their market presence. The structure that supports the aircraft during take-off and landing is referred to as the landing gear. Contrarily, the aircraft's brakes are mechanical components that aid in stopping and slowing it down. For landing operations to remain under control and to ensure safety, such mechanisms are significant. The regulations focused on enhancing fuel economy and reducing emissions are driving the development of lightweight and energy-efficient landing gear and brakes. Furthermore, the demand for durable and successful landing gear and brakes rises as the number of flights and passengers grows.
For instance, in June 2023, TISICS, the UK-based organization launched Light Land, a commercial airplane landing gear solution that is lightweight. It is expected that this innovation will improve fuel efficiency and contribute to reducing carbon dioxide emissions by 2030. It is in line with the aerospace sector's 2050 goal of net zero emissions.
(Source:www.compositesworld.com/news/tisics-landing-gear-sparks-shift-in-aviation-lightweighting)
Since more lightweight and robust landing gear technologies are being adopted, the market for aircraft landing gear is expected to grow. It is projected that market demand will get a boost and shift towards lighter and more durable landing gear. The market is experiencing an increase in demand for landing gear that is lightweight and supports heavy loads, as airlines and aircraft manufacturers strive to reduce operating costs and increase fuel efficiency.
For instance, in June 2023, the actuation products & services division of Triumph Group, Inc. (TRIUMPH) (NYSE: TGI) received an award from Innovate UK for promoting the Landing for A New Decade One (LANDOne) initiative. This program focuses on key technologies for commercial aircraft landing gear applications.
The market for aircraft landing gears and brakes is driven by government investments in aircraft development. Substantial funding encourages innovation and ensures safety compliance while developing aviation technology. Demand for robust landing gear and braking systems is rising as governments concentrate on modernizing aircraft fleets. This development indicates how significant government measures are for promoting growth and regulating the path of the airline landing gear and brakes industry.
For instance, in February 2020, Collins Aerospace Systems, a subsidiary of United Technologies Corp., announced that it was planning to expand its carbon brake production factory in Spokane, Washington, and a new Landing Systems facility in Fort Worth, Texas. In Pueblo, Colorado, they are additionally beginning to develop their carbon brake manufacturing plant.
Due to regulatory restrictions, the market for aircraft landing gear and brakes has significant challenges to access. New entrants seeking to enter into this highly specialized industry face difficulties due to strict laws and certification requirements. It is challenging for new players to make an impact due to the complicated safety and performance requirements, as well as the difficult testing and certification procedures. Such obstacles discourage competition and prevent access to markets eventually reduces innovation and might raise customer costs. It is crucial to eliminate these legal hurdles to promote a more dynamic and competitive market for aircraft landing gear and brakes.
The COVID-19 has significantly influenced the market for brakes and landing gear for aircraft. The airline industry experienced a substantial decrease in business owing to travel restrictions, delayed airplanes, and reduced passenger demand. This has led to a decline in new aircraft orders, slowing down the landing gear and brakes market. Airlines are also having economic challenges, which might cause maintenance and replacement of the projects to be postponed or canceled. Landing gear and brake sales, however, could gradually improve as the sector starts to recover and demand for air travel rises
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The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major aircraft landing gear and brakes market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.
In September 2022, Boeing selected Collins Aerospace to supply boltless wheels and carbon brakes for lots one through three of the F-15EX aircraft that the U.S. Air Force is manufacturing. On the Boeing production line, Collins' automation replaces the platform's obsolete wheels and brakes.
Top Companies Market Share in Aircraft Landing Gear and Brakes Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, due to the region's growing airline business and constant technological advances. Several reasons, such as rising air traffic, fleet modernization programs, and the presence of significant aerospace manufacturers, contribute to the region's dominant market position. The growing demand for robust and efficient landing gear and braking systems in North America demonstrates their crucial function in creating the market and act as an essential driver for advancement and growth in the aerospace industry
Europe is the fastest-growing segment due to robust technological innovation and strategic investments. A key factor driving Region's significant market expansion is its commitment to modernizing airline fleets and maintaining strict safety and environmental standards. The aerospace sector is influenced by Europe's focus on advanced landing gear and brake systems, allowing it to satisfy the growing demand for secure and effective aviation solutions while additionally serving a major part in innovation and growth.
The current report Scope analyzes Aircraft Landing Gear and Brakes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global aircraft landing gear and brakes market size was estimated at USD XX Billion out of which North America held the major market of more than 40% of the global revenue with market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030 due to the rising demand for air travel, the development of the aviation industry, and the requirement for advanced and efficient brake and landing gear systems. These market drivers promote the advancement and innovation of North American brake and landing gear technology. According to Cognitive Market Research, with its highly developed infrastructure, and strong aviation industry, North America has become an attractive region to invest in aircraft technology. In conclusion, the North American aircraft landing gear and brakes market is expected to continue leading in this sector due to advanced technologies and a strong aerospace industry.
According to Cognitive Market Research, with a market value of USD XX billion in 2023 and projected to expand at a compound annual growth rate (CAGR) of 6.20% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD XX billion. The region's growth has been associated with its cutting-edge technology, proficient labour force, and booming aerospace industry. Europe is a major player in this field owing to its commitment to innovation and constant growth. According to Cognitive Market Research, Europe has established its position as a key player in this market due to its constant dedication to innovation and continuous commitment to growth. Europe has the potential to keep developing further into the future due to its established position and abundant supply of aviation technological expertise. In conclusion, innovation, sustainability, and safety are major drivers in the growth of the European landing gear and brakes market. The region is still a major force in shaping the global aviation landscape and has great potential for future growth and advancements due to the rising demand for air travel.
According to Cognitive Market Research, the global aircraft landing gear and brakes market size was estimated at USD XX Billion out of which Asia Pacific held the market of more than 22% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030 due to the growing demand for air travel. The region offers an essential role in establishing the dynamic progress of the aviation industry due to its effective aviation sector, rapid economic growth, increasing number of passengers, and various factors that drive innovation. According to Cognitive Market Research, the growing demand for air travel in the context of growth in the economy promotes the Asia Pacific region's aircraft landing gear and brakes market. Innovative solutions driven by rising demand position the region as a key player in the global aerospace market as the aviation landscape keeps evolving. In conclusion, the Asia Pacific aircraft landing gear and brakes market shows significant growth due to innovative solutions driven by rising demand positioning the region as a key player in the global aerospace market as the aviation landscape keeps evolving.
According to Cognitive Market Research, the global aircraft landing gear and brakes market size was estimated at USD XX Billion out of which Latin America market of more than 5% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030 due to the region's increasing air travel demand and economic development. Growing middle class and tourism drive smaller airlines to modernize their fleets, increasing demand for advanced landing gear technology. According to Cognitive Market Research, Latin American aviation authorities promote compliance with increased safety standards, which promote investments in advanced landing gear and brake systems. In conclusion, the Latin American market for aircraft landing gear and brakes is growing rapidly and is driven by opportunities for innovation. This indicates that the market is an exciting opportunity for the region's economic growth and aerospace industry advancement.
According to Cognitive Market Research, the global aircraft landing gear and brakes market size was estimated at USD XX Billion out of which Middle East and Africa held the major market of more than 3% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030 due to region's expanding aviation infrastructure, rising air travel demand, and increased military spending. Modern landing gear technologies are in huge demand due to their strategic location and significant airline fleet expansions. According to Cognitive Market Research, increased air travel is due to growing tourism initiatives in various Middle Eastern and African nations, which encourages airlines to make investments in stable and effective landing gear technologies to keep generating demand in the region. In conclusion, the Middle East and Africa are major participants in the global market for aircraft landing gear and brakes, have the potential for continued development. The area has the potential to play a significant role in the growth and development of the aviation sector owing to its dynamic aviation landscape and market drivers.
Global Aircraft Landing Gear and Brakes Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aircraft Landing Gear and Brakes Industry growth. Aircraft Landing Gear and Brakes market has been segmented with the help of its Type, Application , and others. Aircraft Landing Gear and Brakes market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the line maintenance segment holds the largest share of the market for aircraft landing gear and brakes. Line maintenance, comprising regular inspections, repairs, and maintenance obligations, is crucial for maintaining an aircraft's operating health daily. The growth in demand has been attributed to the fact that these services are immediate and essential for sustaining the stability and security of aircraft during regular flight operations. The industry's pervasive participation highlights how important it is to maintain the general efficiency and security of aircraft fleets.
The heavy maintenance segment is expected to be the fastest-growing segment in the aircraft landing gear and brakes market. Heavy maintenance is in demand since military and commercial aircraft run longer and demand advanced and consistent repairs for their landing gear and brakes.
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According to Cognitive Market Research, the commercial aviation segment holds the major market share. These kinds of aircraft include airplanes used for freight and passenger travel by commercial airlines. Its leading share is a result of the combination of heavy aircraft and high passenger and freight demand, requiring heavier landing gear and brakes.
Business Jet is the fastest-growing segment over the forecast period. This sector is growing significantly due to the increasing demand for business travel, which is indicative of a global trend towards the preference for private and corporate aviation solutions.
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Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Line Maintenance, Heavy Maintenance |
Application | Commercial Aviation, Business Jet, Commercial Helicopter, Other (Military) |
List of Competitors | Safran Landing Systems, Honeywell, Meggitt, UTC Aerospace Systems, Parker Hannifin, ZLIN AIRCRAFT(Czech), Grove Aircraft., TAE Aerospace, KUNZ Aircraft Equipment |
This chapter will help you gain GLOBAL Market Analysis of Aircraft Landing Gear and Brakes. Further deep in this chapter, you will be able to review Global Aircraft Landing Gear and Brakes Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aircraft Landing Gear and Brakes market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Line Maintenance have a significant impact on Aircraft Landing Gear and Brakes market? |
What are the key factors affecting the Line Maintenance and Heavy Maintenance of Aircraft Landing Gear and Brakes Market? |
What is the CAGR/Growth Rate of Commercial Aviation during the forecast period? |
By type, which segment accounted for largest share of the global Aircraft Landing Gear and Brakes Market? |
Which region is expected to dominate the global Aircraft Landing Gear and Brakes Market within the forecast period? |
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