Global Commercial Aircraft Landing Gear Market Research 2022
- Id : RNR-53868
- Category : Defence Aeronautics
- Publish Date : 2016
- Pages : 0
- Format : PDF
The commercial aerospace sector is likely to experience a strong growth rate due to the increased production of next generation aircrafts. Improvement in the global economic condition and increase in air passenger traffic are the factors that are likely to increase the demand for aircrafts. Landing gear is one of the crucial systems installed in an aircraft and supports the entire weight of an aircraft during takeoff, taxiing and landing operations. With various innovations in the field of landing gear technology, new systems are being developed that are light weight and require less maintenance. Each aircraft has its unique set of landing gear system for its intended use. The market of landing gear systems is expected to show robust growth due the increase in the demand for aircrafts, and the rising need for the landing gear systems. Heroux-Devtek, CIRCOR Aerospace, Liebherr Group, Safran Landing Systems, Triumph Group, UTC Aerospace Systems, Merill Technologies Group, Magellan Aerospace, and Eaton Corporation are some of the leading landing gear manufacturer that are expected to drive the market forward. The overall demand for landing gear systems is gaining popularity in the aerospace and defense industry owing to the growing need for lightweight components. The aircraft landing gear market is highly driven by the demand generated for aircrafts across emerging economies, especially in the Asia Pacific region. Moreover, the growing need for lightweight, high performance landing gear systems, and an increase in the air passenger traffic has contributed to the growth of the market. The market players are also investing on research and development (R&D) and expanding their facility to meet the growing demand for landing gear systems. The aircraft landing gear market reported a revenue of $4.84 billion in 2016 with the main landing gear segment accommodating for the highest revenue by 2022. The main landing gear will encompass for the largest market revenue share in 2016 and is expected to grow at a faster rate during the forecast period. With the evolution in new technologies, advanced materials have been procured so as to reduce the fuel consumption using lightweight components. Hence, the leading market players are using the advanced materials (composites, titanium and others) for the production of landing gear systems. Safran Landing Systems is one of the most prominent manufacturers of main landing gear system which developed a main landing gear system for Airbus A350-900 aircraft that has a completely new design and uses latest technology to obtain high reliability, low weight, and low cost of ownership. The Asia Pacific is expected to dominate the market in the forecast period (2016-2022), followed by the Rest of the World (RoW), Europe and North America. The Asia Pacific region is expected to witness further developments in landing gear systems with China dominating the market in this region. The Middle East, Latin America, and Africa in the rest of the world segment witnessed significant rise in the air passenger traffic which could further propel the aircraft demand in the region. The U.S., being the largest market in North America, consists of many players who are investing substantially and conducting research and development activities in the market. Similarly the U.K., France, and Germany are some of the prominent countries in Europe that witnessed a rise in the air traffic. This increase in air traffic has led European Airlines acquire 240 new aircrafts in 2015 of which a majority (67%) were single-aisle aircrafts. Thus, the increasing demand for aircraft is likely to propel landing gear market. The aircraft landing gear market is experiencing an advanced rate of growth over the past few years due to the increasing demand for aircrafts across the globe. This high scale of growth in the landing gear industry is subsequently influencing the market, wherein a new range of program is being carried out to develop a lightweight and cost-effective landing gear system. The impending need for lightweight landing gear, rising demand in emerging economies, increasing air passenger traffic and improvement in the global economic conditions are some of the major reasons driving the aircraft landing gear market forward. The different types of landing gear systems include: main landing gear and nose landing gear. By analysis, aircraft landing gear market generated $4.84 billion in 2016, in terms of revenue. The following points provide a concrete description of the report content and the topics covered in the report: • This report identifies the global aircraft landing gear market under different segments such as aircraft type, gear type, and geography • The study includes the market analysis and forecast of the global aircraft landing gear market from 2016 to 2022 in terms of value. The report also highlights the year-on-year growth of the market • It examines the prime supply and demand side factors affecting the growth of the market along with the current and future trends prevalent in the aircraft landing gear market • It also presents a detailed examination of the aircraft landing gear market along the lines of market drivers, restraints, growth opportunities, and challenges • The report also highlights the value chain of the industry with a major focus on technology roadmap • A detailed competitive analysis has been included in this report which focuses on the key market developments & strategies followed by the key players in the market. This section comprises of a thorough Research and Development (R&D) analysis of the leading players • Aircraft landing gear market analysis and forecast with respect to various gear types such as Nose Landing Gear (NLG) and Main Landing Gear (MLG) among others, garners major emphasis in the report • Aircraft Landing gear market has been analyzed for all geographies including North America, Europe, Asia-Pacific, and the Rest of the World with further analysis in respect to other major countries • Several ongoing programs for the advancement of the landing gear systems are included in this report • The key market players are analyzed and profiled in detail in the report. This section covers the business financials, company snapshots, key products & services, major developments, future programs (if any), and finally, the individual SWOT analysis.