Global Aircraft Strut Market Overview
Aircraft Strut Market Size was estimated at 35.61 (USD Billion) in 2022.The Aircraft Strut Market Industry is expected to grow from 38.31(USD Billion) in 2023 to 73.9 (USD Billion) by 2032. The Aircraft Strut Market CAGR (growth rate) is expected to be around 7.58% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Aircraft Strut Market Trends Highlighted
The aircraft strut market is driven by rising demand for commercial planes, increasing air travel and governments' initiatives to upgrade military fleets. Technological advancements in materials and design enable struts to withstand higher loads and operating conditions that improve aircraft performance and safety.
In this regard, there are opportunities for growth in the increased adoption of lightweight-durable composites in aircraft structures, thus creating room for strut optimization. Furthermore, expanding aftermarket demand for replacement and maintenance services has paved the way for aftermarket players.
Recent trends include integrating advanced sensors and data analytics into struts thereby enabling real-time monitoring as well as predictive maintenance. The growing emphasis on sustainable aviation is driving the development of eco-friendly strut designs as well as materials. Furthermore, the rise of unmanned aerial vehicles (UAVs) is expected to create new demand for specialized strut designs.
Aircraft Strut Market Drivers
Increase in Air Travel Demand
One of the main drivers for the development of the Aircraft Strut Market Industry is the increasing demand for travel by air. With more and more people being able to afford to travel by plane, this tends to increase the circling number of passengers on planes and an increase in the number of aircraft in operation. A higher number of aircraft means that there is a greater need for corresponding parts. Moreover, another factor that is likely to result in the development of the market is the rising popularity of low-cost carriers that tend to operate a greater number of aircraft compared to traditional airlines.
Technological Advancements
Technological innovations – technological innovations have been another major source of the Aircraft Strut Market Industry's growth. New materials, manufacturing techniques, and technologies are allowing the creation of aircraft struts that are lighter, stronger, and more long-lived. Furthermore, new technological advances, such as the development of active suspension systems, are also pushing the market's growth on the supply side.
Growth of the Aerospace Industry
The growth of the aerospace industry is another major driver of the growth of the Aircraft Strut Market Industry. The increasing demand for aircraft from both commercial and military customers is leading to increased production of aircraft, which, in turn, is increasing the demand for aircraft struts. Additionally, the growing number of mergers and acquisitions in the aerospace industry is also contributing to the growth of the market, as these transactions often lead to increased investment in new aircraft and technologies.
Aircraft Strut Market Segment Insights
Aircraft Strut Market Strut Type Insights
Strut Type The Aircraft Strut Market has been segmented by strut type into conventional strut, trailing link strut, MacPherson strut, gas strut, piston strut, and other advanced struts. The conventional strut segment recorded the largest market share in 2023, accounting for over 40% of the global revenue. The growth can be attributed to its adoption in most commercial aircraft, which is due to its simplicity, reliability, and cost-effectiveness. The trailing link struts are expected to grow the most throughout the forecast period, as they are increasingly used in most military aircraft, as they provide a greater amount of maneuverability and stability than their counterparts.The MacPherson strut is popular in the regional aircraft segment due to its small and lightweight design. Gas struts can be used to suppress vibration and to support the strut, and they are used mainly in the landing gear system. Piston struts have a sturdy design with a high load-bearing capacity and are generally used in heavy-duty lift aircraft. Advanced strut technologies, such as active struts and semi-active struts, have gained popularity as effective solutions for enhancing the performance and efficiency of an aircraft. The Aircraft Strut Market is growing at a steady pace as the number of commercial and military aircraft being manufactured around the world is on the rise.The market is witnessing strong growth due to the increased adoption of advancing strut technologies as the global aerospace industry is also expanding. The Aircraft Strut Market is expected to grow during the forecast period due to the growing demand for lightweight and fuel-efficient aircraft. Advanced strut technologies are built using a combination of advanced materials and inventive designs to lower the weight of the aircraft and improve its aerodynamic performance. The focus on passenger safety and comfort is another critical growth driver as manufacturers are emphasizing making struts with enhanced vibration-damping capabilities and vibration isolation solutions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Strut Market Aircraft Platform Insights
The Aircraft Strut Market segmentation by Aircraft Platform into Commercial Aircraft, Helicopters, General Aviation Aircraft, and Military Aircraft provides key insights into the industry's dynamics and growth potential. In 2023, the Commercial Aircraft segment held the largest market share, accounting for nearly half of the global revenue. This dominance is attributed to the increasing demand for commercial air travel and the expansion of commercial aircraft fleets globally. The Military Aircraft segment is projected to witness steady growth over the forecast period, driven by rising defense spending and modernization programs worldwide.Helicopters and General Aviation Aircraft segments are also expected to contribute to the overall market growth, with growing demand for utility, transportation, and recreational purposes.
Aircraft Strut Market Strut Location Insights
The Aircraft Strut Market is segmented by strut location into Main Landing Gear, Nose Landing Gear, Wing, and Tail. Among these, the Main Landing Gear segment is anticipated to account for the largest revenue share over the forecast period. The Main Landing Gear segment includes struts that support the main weight of the aircraft during landing and takeoff. These struts are typically larger and more robust than those used in other locations. The Nose Landing Gear segment is expected to register a steady growth rate over the forecast period.The Nose Landing Gear segment includes struts that support the nose of the aircraft during landing and takeoff. These struts are typically smaller and lighter than those used in other locations. The Wing segment is expected to witness a significant growth rate over the forecast period. The Wing segment includes struts that support the wings of the aircraft during flight. These struts are typically lighter and more aerodynamic than those used in other locations. The Tail segment is expected to grow at a moderate rate over the forecast period. The Tail segment includes struts that support the tail of the aircraft during flight. These struts are typically smaller and lighter than those used in other locations.
Aircraft Strut Market Material Insights
The Aircraft Strut Market segmentation by Material comprises Steel, Aluminum Alloys, Titanium Alloys, and Composite Materials. Aluminum Alloys held the largest revenue share in 2023, owing to their high strength-to-weight ratio, corrosion resistance, and affordability. Composite Materials are projected to witness the fastest growth during the forecast period, driven by their superior strength, lightweight, and ability to withstand extreme temperatures. The rising demand for fuel-efficient aircraft and stringent regulations regarding aircraft emissions are key factors contributing to the growth of the Composite Materials segment.
Aircraft Strut Market End-Use Insights
The end-use segment of the Aircraft Strut Market is bifurcated into Original Equipment Manufacturers (OEMs) and Aftermarket Service Providers. OEMs accounted for the largest revenue share in 2023, owing to the high demand for new aircraft from both commercial airlines and defense sectors. The aftermarket service providers segment is expected to witness significant growth during the forecast period, driven by the increasing number of aging aircraft requiring maintenance and repair services. In 2023, the Aircraft Strut Market for OEMs was valued at 23.42 (USD Billion) and is projected to grow to 38.78 (USD Billion) by 2032, exhibiting a CAGR of 6.32%.The Aftermarket Service Providers segment, valued at 14.89 (USD Billion) in 2023, is anticipated to reach 35.12 (USD Billion) by 2032, growing at a CAGR of 9.18%.
Aircraft Strut Market Regional Insights
The regional segmentation of the Aircraft Strut Market offers valuable insights into the market's geographical distribution and growth dynamics. North America and Europe dominate the market, accounting for a significant share of the Aircraft Strut Market revenue. The presence of major aircraft manufacturers and airlines in these regions drives demand for aircraft struts. APAC is expected to witness substantial growth over the forecast period due to increasing air travel and the expansion of the aviation industry. South America and MEA are expected to contribute to the market's growth, driven by the need for aircraft maintenance and upgrades.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Strut Market Key Players And Competitive Insights
Major players in the Aircraft Strut Market industry are continuously striving to establish a strong foothold in the global market. Leading Aircraft Strut Market players are focusing on adopting various strategies, such as mergers and acquisitions, joint ventures, and partnerships, to strengthen their market position and expand their global reach. They are also investing heavily in research and development (R&D) activities to develop innovative and advanced products that meet the evolving needs of the market. Additionally, these companies are expanding their production capabilities and implementing cost-effective manufacturing processes to cater to the growing demand for aircraft struts. The Aircraft Strut Market development is characterized by intense competition among the leading players, which is expected to continue in the coming years.One of the leading companies in the Aircraft Strut Market is Safran Landing Systems, a global aerospace company specializing in the design, development, and manufacture of aircraft landing gear and systems. The company has a strong presence in the global market and supplies aircraft struts to various aircraft manufacturers and airlines. Safran Landing Systems is known for its innovative products and commitment to quality, which has enabled it to establish a strong customer base. The company is also actively involved in R&D activities to enhance its product offerings and maintain its competitive edge in the market.Another prominent player in the Aircraft Strut Market is Liebherr Aerospace, a global technology group specializing in the development and manufacture of components and systems for the aerospace industry. Liebherr Aerospace has a significant presence in the aircraft strut market and supplies a wide range of products to aircraft manufacturers and airlines. The company is renowned for its expertise in engineering and manufacturing, which enables it to produce high-quality, reliable, and innovative aircraft struts. Liebherr Aerospace is also committed to sustainable practices and continuously seeks ways to reduce the environmental impact of its operations.
Key Companies in the Aircraft Strut Market Include:
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Boeing
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Daher
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Safran S.A.
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Woodward, Inc.
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Kawasaki Heavy Industries, Ltd.
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Airbus SE
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Hindustan Aeronautics Limited
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Embraer S.A.
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Gulfstream Aerospace Corporation
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Moog Inc.
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UTC Aerospace Systems
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LiebherrAerospace Lindenberg GmbH
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Senior Plc
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Bombardier, Inc.
Aircraft Strut Market Industry Developments
The Aircraft Strut Market is projected to grow from USD 38.31 billion in 2023 to USD 73.9 billion by 2032, at a CAGR of 7.58%. This growth can be attributed to the increasing demand for commercial aircraft, rising air passenger traffic, and growing investments in the aerospace and defense sectors.One of the significant developments in the market is the adoption of advanced materials such as carbon fiber-reinforced polymers (CFRPs) and titanium alloys in the manufacturing of aircraft struts. These materials offer superior strength-to-weight ratios, improved durability, and reduced maintenance costs. Additionally, the integration of smart technologies, including sensors and actuators, is enabling the development of intelligent struts that can monitor and adjust their performance in real time.The growing focus on sustainable aviation is also driving the demand for lightweight and fuel-efficient aircraft struts. Manufacturers are exploring the use of eco-friendly materials and innovative designs to reduce the environmental impact of air travel. Furthermore, the increasing adoption of electric and hybrid aircraft is expected to create new opportunities for the aircraft strut market.
Aircraft Strut Market Segmentation Insights
| Report Attribute/Metric |
Details |
| Market Size 2022 |
35.61(USD Billion) |
| Market Size 2023 |
38.31(USD Billion) |
| Market Size 2032 |
73.9(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
7.58% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Boeing, Daher, Safran S.A., Woodward, Inc., Kawasaki Heavy Industries, Ltd., Airbus SE, Hindustan Aeronautics Limited, Embraer S.A., Gulfstream Aerospace Corporation, Moog Inc., UTC Aerospace Systems, LiebherrAerospace Lindenberg GmbH, Senior Plc, Bombardier, Inc. |
| Segments Covered |
Strut Type, Aircraft Platform, Strut Location, Material, End Use, Regional |
| Key Market Opportunities |
Rising Demand for Commercial Aircraft Increasing Focus on Aircraft Safety Advancement in Composite Materials Growing Defense Expenditure Expansion of the Air Cargo Industry |
| Key Market Dynamics |
Rising demand for commercial aircraft Growing military expenditure Technological advancements Emphasis on safety and efficiency Stringent government regulations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
