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The global aircraft landing gear market is projected to grow from $10.79 billion in 2021 to $22.90 billion in 2028 at a CAGR of 17.9% in forecast period

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. The Aircraft Landing Gear Market is a significant segment of the aviation industry, providing critical support and safety systems for aircraft during takeoff and landing. The market is driven by factors such as the increasing demand for aircraft, technological advancements in landing gear systems, and the growing trend towards lightweight and fuel-efficient landing gear components. The market is highly competitive, with several key players offering a range of landing gear solutions for different types of aircraft and applications. The market is expected to experience steady growth in the coming years, driven by increasing air traffic and the demand for new and advanced aircraft landing gear systems. List of Top Players Covered in the Report: AAR Alaris Aerospace CIRCOR International, Inc. GKN Aerospace Services Ltd. Hawker Pacific Aerospace Héroux-Devtek Inc. Liebherr-International AG Magellan Aerospace Corporation Safran SA SPP Canada Aircraft, Inc. Triumph Group, Inc. UTC Aerospace Systems 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. Information Source:- https://www.fortunebusinessinsights.com/industry-reports/aircraft-landing-gear-market-101815