The aircraft wheels market size is projected to reach US$ 3.12 billion by 2031 from US$ 1.83 billion in 2023. The market is expected to register a CAGR of 6.9% during 2023–2031. Increasing use of CFRP composite in aircraft nose wheel manufacturing is expected to remain a key trend in the market.

Due to the introduction of carbon-fiber-reinforced composite, aircraft wheel manufacturers are extensively using the material to design and manufacture an aircraft nose wheel. The material is known for its high stiffness and strength, which makes it compatible with an aircraft nose wheel. In addition, the composite material is lighter in weight than aluminum and magnesium alloy. Hence, the carbon-fiber-reinforced plastic (CFRP) based wheel is expected to reduce the mass density of an aircraft.

Source:- The Insight Partner