Aircraft Gear Market

Increasing air traffic and fleet expansions are driving the growth of the aircraft gear market in India.

India is emerging as one of the fastest-growing aviation markets globally, with increasing domestic and international passenger traffic providing excellent opportunities for the aviation component market. Airlines are focusing on improving the numbers of their fleets and upgrading their capabilities to directly boost the need for advanced gear systems of propulsion, flight control, and other applications. Government policies like the UDAN scheme are enhancing this growth. The initiative has supported the development of operational aircraft as it has resulted in higher regional connectivity along with accessing less served airports, resulting in increased demand for aircraft components, such as gears. Simultaneously, the "Make in India" campaign has also led international and Indian aerospace manufacturing companies to invest in local manufacturing, thus enhancing India as an emerging hub for producing aircraft component manufacturers.

Also, the modernization and capacity building of airport infrastructures influences market growth. The focus on adopting new technologies in aircraft operations to achieve better operational efficiencies supports the market for the development of complex and durable gear systems capable of ensuring safety, reliability, and accuracy. Similarly, another growth factor is the rise in Maintenance, Repair, and Overhaul (MRO) activities in India. As airlines expand their fleets and keep aircraft in service longer to meet growing demand, there is an increasing need for regular maintenance and gear replacement. India’s strategic focus on becoming an MRO hub in the Asia-Pacific region will likely attract investments in aftermarket services, further growing the aircraft gear market. All these together make India a critical growth engine for the aircraft gear market.

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