The global aircraft landing gear market size is projected to reach USD 18.66 billion by 2028, exhibiting a CAGR of 7.09% during the forecast period. Rapid development in air transport dynamics is set to emerge as the key factor driving the growth of this market, as per the new Fortune Business Insights™ report, titled “Aircraft Landing Gear Market Size, Share and Industry Analysis by Type (Nose Landing Gear and Main Landing Gear), By Platform (Fixed-Wing and Rotary-Wing), By Arrangement Type (Tail Wheel, Tandem, and Tri-cycle), By Component (Retraction system, Breaks and Wheels, Steering, and Others), By End User (OEM and Aftermarket), and Regional Forecast, 2021-2028”
Market Driver
Grave Safety Risks Posed by Conventional Landing Gear to Create New Growth Opportunities
Conventional landing gear, or tailwheels, consist of two wheels placed in a forward position relative to the center of gravity. They have been the most widely used landing gear in traditional airplanes and some older aircraft models and small airplanes still use them. However, these landing gear systems are extremely dangerous, posing grave risks to the safety of everyone aboard the aircraft. For example, tailwheel aircrafts are prone to a phenomenon known as “ground looping”, which occurs when the tail of the aircraft bypasses the center of gravity, causing the pilot to lose directional control of the plane. Being smaller in size, tires attached to tailwheel units can drop into holes in the ground and cause the propeller to trip over. To counter these disadvantages, airliners are increasingly incorporating electrically-controlled landing gear and anti-skid brake management systems to enhance reliability, accuracy, and safety of the aircraft. This shift towards next-generation technologies is auguring well for the aircraft landing gear market growth.
List of Top Players Covered in the Report:
- AAR
- Alaris Aerospace
- CIRCOR International, Inc.
- GKN Aerospace Services Ltd.
- Hawker Pacific Aerospace
Browse Summary
https://www.fortunebusinessinsights.com/industry-reports/aircraft-landing-gear-market-101815
