Global Aircraft Gears
Market Report
2024
Aircraft gears market size is USD 7.1 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
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 gears market size is USD 7.1 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Aircraft Gears Market Sales Revenue 2024 | $ 7.1 Billion |
Global Aircraft Gears Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Market Split by Type |
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Market Split by End User |
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Market Split by Platform |
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Market Split by Subsystem |
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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 Gears Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Aircraft landing gear, which is controlled by mechanical or pneumatic methods and has a set service life, is an essential component of any aircraft. Growing fleet sizes at major airlines and the commercial aviation industry as a whole are driving demand for landing gear for commercial aircraft around the world. The need for landing gear is rising in tandem with the demand for new airplanes. Thanks in large part to the development of new aircraft models, the civil aviation sector is booming. More people are taking to the skies as a result of the improved global economy. The increased demand for air travel has led to a significant increase in the number of commercial airplanes. The need for landing gear systems for commercial aircraft is likely to rise as a result. The expansion of industry players, rising government investment, and increased research and development activities are some key factors propelling the airplane landing gear market to greater heights.
Rising Interest in Brand-new Airplanes - The primary driver propelling the commercial aircraft landing gear market forward is the rising need for new planes, fueled by the development of big airlines and the soaring expansion of the commercial aviation industry. Thanks to better global economic conditions and a growth in air passenger traffic, the number of commercial jets has climbed sharply. To meet the rising demand for air travel and to replace older, less fuel-efficient planes, commercial aviation landing gear technologies are becoming increasingly important. Another element propelling the market expansion is the increasing sophistication and technical improvement of airplanes.
The difficult production technique is expected to slow the market's revenue growth. The lack of uniformity, along with the high costs, is expected to slow down the market.
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In February2024, Triumph Group, Inc. announced that MD Helicopters had granted a long-term commitment to its Geared Solutions subsidiary in Macomb, Michigan, to manufacture primary rotation gearbox components for the MD500 systems. With the help of more than 400 gearboxes manufactured by TRIUMPH, MD Helicopters has been a reliable partner for more than 20 years. Thanks to this contract renewal, TRIUMPH will keep supplying the MD500 program with drone transmissions and transmission spare parts.
(Source: https://triumphgroup.com/news/96366430-84bf-4bc3-a587-dd671addf2bc )
Top Companies Market Share in Aircraft Gears Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue because of the growing public interest in aircraft and the accompanying increase in disposable wealth. The fast expansion of the aviation and aerospace industry in the United States has also led to a significant increase in the demand for aircraft gearboxes.
Asia-Pacific stands out as the fastest-growing region in the aircraft gears market because of the rise in military aviation budget. Moreover, the increasing number of maintenances, repair, and operations (MRO) possibilities in the Asia-Pacific region is projected to propel the market overall.
The current report Scope analyzes Aircraft Gears 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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Global Aircraft Gears 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 Gears Industry growth. Aircraft Gears market has been segmented with the help of its Type, End User Platform, and others. Aircraft Gears 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, Main Landing Gear is the dominant category. The Main Landing Gear is an essential component that helps to support the aircraft's weight when it's landing, taxiing, or taking off. Its sturdy construction and ability to absorb landing impacts guarantee the aircraft's security and steadiness.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aircraft Gears Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Aircraft Gears from 2019 to 2031. This will also help to analyze the demand for Aircraft Gears across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key End User of Aircraft Gears are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
Anjali is a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis in aerospace and defence category. She thrive on the challenges of data exploration and analysis.Her goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
In her current role, Anjali manages research for aerospace and defence category, leading pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. She possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams.She played a key role in shaping successful business strategies grounded in robust research.She dedicated to staying at the forefront of research methodologies and industry advancements. Anjali remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Aircraft Gears Market is witnessing significant growth in the near future.
In 2023, the Main Landing Gears segment accounted for noticeable share of global Aircraft Gears Market and is projected to experience significant growth in the near future.
The OEM segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Collins Aerospace (US) , Héroux-Devtek (Canada) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
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.
Disclaimer:
Type | Main Landing Gears, Nose Landing Gears |
End User | OEM, Aftermarket |
Platform | Fixed-wing, Rotary-wing, Unmanned Aerial Vehicles, Advanced Air Mobility |
Subsystem | Actuation systems, Steering systems, Braking systems, Structural systems, Other subsystems |
List of Competitors | Collins Aerospace (US), Safran (France), Héroux-Devtek (Canada), Liebherr (Switzerland), Triumph Group (US) |
This chapter will help you gain GLOBAL Market Analysis of Aircraft Gears. Further deep in this chapter, you will be able to review Global Aircraft Gears 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
Only Available with Corporate User License
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.
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
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 11 Market Split by End User Analysis 2019 -2031
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Chapter 12 Market Split by Platform Analysis 2019 -2031
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 13 Market Split by Subsystem Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aircraft Gears market
Chapter 14 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 Main Landing Gears have a significant impact on Aircraft Gears market? |
What are the key factors affecting the Main Landing Gears and Nose Landing Gears of Aircraft Gears Market? |
What is the CAGR/Growth Rate of OEM during the forecast period? |
By type, which segment accounted for largest share of the global Aircraft Gears Market? |
Which region is expected to dominate the global Aircraft Gears Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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