North America Aircraft Landing Gear Market Key Players Analysis, Opportunities and Growth Forecast to 2027


 


North America aircraft landing gear market is expected to grow from US$ 5.25 Bn in 2018 to US$ 8.56 Bn by the year 2027. This represents a CAGR of 5.7% from the year 2018 to 2027

North America Aircraft Landing Gear Market The aviation industry is quite dynamic as it adapts quickly with the ever-changing market forces and customer expectations. The macroeconomic trends across North America shape the overall growth outlook of the region’s aviation industry. North America Aircraft Landing Gear Market The three major macro factors that are affecting the growth of the aviation industry include rising demand for air travel, regulatory and infrastructure developments, and technological advancements in aircraft. As per Boeing’s Aviation industry outlook, in the past five years, the year on year traffic growth as measured in revenue passenger kilometers is 6.7% on an average. The low airfares, rising disposable income, and growing travel & tourism market are some of the factors responsible for this growth. North America Aircraft Landing Gear Market The US aviation sector is the most prominent aviation industry in North America. The industry is continuously witnessing a surge in demand for air travel, which is leading the commercial airlines to increase their fleet, which is allowing aircraft manufacturers such as Boeing, Textron, and Gulfstream, among others, to grow their production lines. North America Aircraft Landing Gear Market An increase in aircraft production is catalyzing the demand for landing gear in North America, which is thereby bolstering the growth of aircraft landing gear market.

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North America Aircraft Landing Gear Market Currently, the US is dominating the aircraft landing gear market in terms of installation, which in turn boost the demand for aircraft landing gear market. The economy of the US largely depends upon the performance of the aerospace manufacturing industry in the country. The US aerospace industry is the largest in the world, and aerospace manufacturers in the country are considered to be highly competitive in the international market. North America Aircraft Landing Gear Market In the year 2018, the contribution of the aerospace industry by the export sales to the US economy amounted to US$ 151 Bn. The positive trade balance of US$ 88 Bn for fiscal 2018 was the largest for any manufacturing industry in the US. The figure given below highlights the revenue share of Mexico in the North American aircraft landing gear market in the forecast period:

North America Aircraft Landing Gear Strategic Insights

North America Aircraft Landing Gear Market Strategic insights for the North America Aircraft Landing Gear provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. North America Aircraft Landing Gear Market A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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 North America Aircraft Landing Gear Market: An In-depth Analysis

The North American aircraft landing gear market has seen steady growth, driven by several factors, including increasing air travel demand, advancements in aviation technology, and the need for regular upgrades and maintenance. Aircraft landing gear is a critical component of any airplane, ensuring its safe landing and takeoff. This market includes both the supply of new landing gears for aircraft manufacturers and the replacement of existing ones during regular maintenance cycles.

Aircraft Landing Gear: Definition and Functionality

Aircraft landing gear is a vital system that supports an aircraft when it is on the ground, enabling takeoffs, landings, and taxiing. Landing gear typically consists of wheels, tires, struts, actuators, brakes, and other components that work together to provide stability and safety during ground operations. It must be designed to withstand the high stresses and forces exerted during landing and takeoff, while also providing smooth operation during taxiing.

The landing gear system can be classified into two main categories:

  1. Main Landing Gear (MLG): This is typically composed of the larger wheels and is responsible for supporting the weight of the aircraft during landings and takeoffs. It is usually positioned under the wings or fuselage of the aircraft.
  2. Nose Landing Gear (NLG): This gear is located at the front of the aircraft and provides support during ground operations, including taxiing, takeoff, and landing. It also helps maintain the aircraft's stability and balance.

Market Drivers

  1. Growth in Air Travel Demand One of the primary drivers of the North American aircraft landing gear market is the steady rise in air travel. With an increase in both passenger and cargo flights, airlines are continually adding new aircraft to their fleets. This, in turn, drives the demand for both new landing gear systems and replacement parts for existing aircraft.
  2. Technological Advancements The demand for more advanced landing gear systems is another significant market driver. Modern aircraft landing gear must not only support the aircraft’s weight but also incorporate various advanced systems such as anti-skid braking systems, noise reduction technologies, and lightweight materials. These innovations help to improve the efficiency, reliability, and performance of landing gear systems. Carbon fiber composites and titanium alloys, for instance, are increasingly being used in landing gear manufacturing to reduce weight while maintaining strength.
  3. Military Aircraft Development North America is home to several of the world’s leading military forces, particularly the United States. The demand for military aircraft in North America continues to rise, particularly with the modernization and upgrading of military fleets. This, in turn, drives the demand for specialized military landing gear systems, which often have more robust design requirements compared to commercial aviation gear.
  4. Regular Maintenance and Replacement Cycles Aircraft landing gear undergoes regular maintenance and replacement due to the high forces exerted on them during takeoff and landing. The parts and components of landing gear systems must be replaced periodically to ensure aircraft safety and optimal performance. This creates a steady demand for landing gear replacement parts and services, boosting the overall market.
  5. Rise of E-commerce and Logistics The expansion of the e-commerce and logistics industries has had a positive effect on the air cargo segment. With more companies relying on air transportation for the rapid delivery of goods, there is an increasing need for cargo aircraft, which also require landing gear systems. This trend contributes to the market growth, especially in the cargo and freight sectors.

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