The global commercial aircraft landing gear market size was USD 10.45 Billion in 2022 and is expected to reach USD 17.66 Billion in 2032, and register a rapid revenue CAGR of 6% during the forecast period. Rising demand for lightweight landing gear systems is a key factor driving market revenue growth. Lighter landing gear offers higher mobility and landing precision, both of which are crucial for a commercial aircraft's safe touchdown. Need to cut fuel use and improve efficiency has led to a desire for lightweight landing gears, which will help to cut carbon emissions.
In addition, requirement for replacement and maintenance of the landing gear is another factor driving revenue growth of the market. Regular maintenance and replacement of the landing gear is required to guarantee the safe and dependable operation of commercial aircraft. As a result, airlines make significant investments in the upkeep and replacement of landing gears to guarantee the dependability and safety of their fleets.
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Moreover, rising use of cutting-edge materials in landing gear systems, including as Composites, Titanium alloys, and Carbon Fiber Reinforced Polymers (CFRPs) is also expected to drive market revenue growth during the forecast period. For landing gear systems, advanced materials are essential because these provide improved strength, durability, and weight reduction.
Furthermore, rising demand for electric landing gear systems is another factor expected to drive market revenue growth during the forecast period. Compared to conventional hydraulic systems, electric landing gears are lighter, needless maintenance, and are more effective. In the upcoming years, the use of electric landing gears is expected to develop in response to the rising need for more environment-friendly and sustainable aircraft systems.
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The global market is further segmented into type and application:
By Aircraft Type OutlookRegional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
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