PUBLISHER: TechSci Research | PRODUCT CODE: 1886591
PUBLISHER: TechSci Research | PRODUCT CODE: 1886591
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The Global Aerospace and Defense Wheel Market, valued at USD 2.15 Billion in 2024, is projected to experience a CAGR of 6.29% to reach USD 3.10 Billion by 2030. Aerospace and defense wheels are essential components of aircraft landing gear systems, providing critical support and absorbing impact loads during taxiing, takeoff, and landing operations. The market's expansion is fundamentally driven by increasing global air passenger traffic, which necessitates greater commercial aircraft deliveries and fleet expansions.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 2.15 Billion |
| Market Size 2030 | USD 3.10 Billion |
| CAGR 2025-2030 | 6.29% |
| Fastest Growing Segment | Commercial Aircraft |
| Largest Market | North America |
Key Market Drivers
The Global Aerospace and Defense Wheel Market is significantly influenced by the increased deliveries of new commercial aircraft. As air passenger traffic continues to surge globally, airlines expand their fleets and adopt more wide-body aircraft to meet demand, directly driving the need for new wheels during initial aircraft assembly. These deliveries represent fundamental demand for original equipment manufacturer components, which include the complex wheel and braking systems essential for safe operations.
Key Market Challenges
A significant challenge impeding the growth of the Global Aerospace and Defense Wheel Market is the persistent disruption within global supply chains. These disruptions directly impact the ability of manufacturers to procure essential raw materials, such as specialized aluminum alloys and high-performance composites, alongside critical components required for aerospace and defense wheel production. This leads to extended lead times for manufacturing processes and increased operational costs for suppliers.
Key Market Trends
The integration of additive manufacturing, or 3D printing, into wheel production is a pivotal trend, offering advancements in design flexibility, weight reduction, and production efficiency for aerospace and defense components. This technology enables intricate internal geometries and consolidated parts, leading to lighter, stronger wheels with optimized performance. On-demand manufacturing further streamlines supply chains and shortens lead times for specialized wheel systems.
In this report, the Global Aerospace and Defense Wheel Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Aerospace and Defense Wheel Market.
Global Aerospace and Defense Wheel Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: