The commercial aircraft landing gear market is estimated to reach $8.55 billion by 2032. PHOTO courtesy Bombardier.
The expansion of the aircraft landing gear system market should unlock growth opportunities for additive manufacturing according to analysis by Frost & Sullivan.
A landing gear system comprises a comprehensive mechanism that executes safe take-off and landing operations. Frost & Sullivan’s recent analysis, Global Commercial Aircraft Landing Gear System Market, finds that a surge in regional connectivity and the adoption of an ultra-low-cost carrier business model will expedite the commercial aircraft landing gear system industry growth. The market is estimated to reach $8.55 billion by 2032 from $4.57 billion in 2021, an uptick at a compound annual growth rate of 5.9%.
“COVID-19 vaccine rollouts and adherence to safety standards have boosted regional air travel, inflating the demand for aircraft landing gear systems,” said Vedhas Sabnis, Aerospace & Defense Research Analyst at Frost & Sullivan. “Further, the recovery of the aviation sector is expected to benefit all the revenue streams of the landing gear system market—linefit, retrofit, and aftermarket.”
Sabnis added: “Manufacturers are investing in new technologies and solutions to achieve sustainable goals or improve efficiency. Additionally, the successful and widespread adoption of knowledge-based engineering tools, such as augmented reality (AR), will lead to the adoption of other nascent technologies in the landing gear industry.
The Frost & Sullivan analysis concludes that suppliers operating in the landing gear ecosystem should increase investments in additive manufacturing solutions to tap into their long-term benefits.
Global Commercial Aircraft Landing Gear System Growth Opportunities is the latest addition to Frost & Sullivan’s Aerospace & Defense research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
