According to IMARC Group’s latest report, titled “Aircraft Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on aircraft market.

The global aircraft tire market reached a value of US$ 2.5 Billion in 2021. An aircraft tire is an essential component that supports the weight of an aircraft and provides the necessary friction for braking and stopping. It is made using steel, fabric, and rubber that can carry heavy loads at high speeds in different operating conditions. It also offers high electrical conductivity to protect the electronic component of the aircraft from damage, which is caused by friction during takeoff and landing.

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Market Trends

At present, the growing global population and inflating disposable incomes of individuals are resulting in the increasing adoption of aircraft for traveling. This represents one of the key factors positively influencing the market. In line with this, governments of various countries are extensively investing in defense machinery to upgrade their military fleet. This, in confluence with rising geopolitical tensions, is propelling the market growth across the globe. Aircraft operators are focusing on various preventive measures to facilitate minimum turbulence in aircraft during takeoff and landing. As a result, they are incorporating tires that can withstand various stress factors, such as centrifugal force, traction wave, tension, and temperature, which is creating a favorable market outlook. Furthermore, an increasing focus on industrial automation to streamline manufacturing processes and lower manufacturing costs by incorporating computer-aided designs and analysis is stimulating the growth of the market growth. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2027, exhibiting a CAGR of 5.57% during 2022-2027.

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The report has segmented the market on the basis of product type, platform, sector, application, end-use industry and geography.

Breakup by Product Type:

• Radial
• Bias

Breakup by Platform:

• Fixed Wing
• Rotary Wing

Breakup by Sector:

• OEM
• Replacement

Breakup by Application:

• Commercial Aircraft
  • Narrow Body Aircraft
  • Wide Body Aircraft
  • Very Large Aircraft
  • Regional Transport Aircraft
• Non-Commercial Aircraft

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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