GlobalAerospace Landing Gear Market was valued US$ 14.90 Bn in 2019 and isexpected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period.
The report includes the analysis of impact of COVID-19lock-down on the revenue of market leaders, followers, and disrupters. Sincelock down was implemented differently in different regions and countries, impactof same is also different by regions and segments. The report has covered thecurrent short term and long term impact on the market, same will help decisionmakers to prepare the outline for short term and long term strategies forcompanies by region.
Global Aerospace Landing Gear Market1
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Rising consumer spending along with preference towardsaircraft travel owing to superior safety will fuel the product demand as well.Increasing affordability among middle-class income groups for air travel owingto low airfares and growth in tourism will positively influence productpenetration. Airliners are constantly focusing on reducing the flight ratesfurther enhancing the passenger preference for air travel.
Rising air traffic along with stringent governmentregulations regarding air safety will further boost industry growth. Increasingdefense and military budget along with the rising demand for advanced aircraftwill boost the aerospace landing gears business growth over the forecasttimeframe. Replacement of in-service aircraft with advanced lightweightportfolio and overhauling activities of existing components are the key trendsin the aviation industry, supporting the revenue generation over the projectedtimeframe.
Global aerospace landing gear market majorly segmented byposition, arrangement, aircraft, distribution channel and region. Based onposition segment main aerospace landing gear is expected to dominate the globalAerospace Landing Gear Market in 2017. This can be credited to its increasingutilization for carrying around 85% of the total aircraft weight. Industryplayers are switching towards advanced materials to reduce aircraft weight andimprove fuel efficiency thereby increasing demand for the new age material suchas composites.
Tricycle segment accounted for 12,221 units in 2017 and isestimated to continue its dominance till 2024. This dominance can be creditedto the predominant usage of such wheel arrangement in commercial aircraft. Thedeveloped stability while landing operations along with the enhanced center ofgravity will further support the segment dominance.
North America led by the U.S. holds the major share in themarket owing to the presence of a vast number of manufacturers. High prevalenceof airports handling large traffic will positively influence the productdemand. Technological advancement in the system replacing conventional parts isamong the key trends followed by chief airline companies.
Major aerospace landing gear market players include GKNAerospace Services, Safran Landing Systems, AAR Corporation, Liebherr Group,Triumph Group, and Eaton Corporation. Other notable players include SPP CanadaAircraft, Whippany Actuation Systems, CIRCOR Aerospace, Magellan AerospaceCorporation, Heroux-Devtek Inc, UTC Aerospace Systems, and Aerospace TurbineRotables.
The Scope of the Global Aerospace Landing Gear Market:Inquire before Buying
Global Aerospace landing gear Market, By Position
• Main Landing Gear
• Nose/Tail Landing Gear
Global Aerospace landing gear Market, By Arrangement
• Tail Wheel
• Tandem
• Tri-cycle
Global Aerospace landing gear Market, By Aircrafts
• Commercial Aircraft
• General Aircraft
• Military Aircraft
Global Aerospace landing gear Market, By DistributionChannel
• OEM
• Aftermarket
Global Aerospace landing gear Market, By Geography
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
Key Players operating in the Global Aerospace Landing GearMarket
• GKN Aerospace Services
• Safran Landing Systems
• AAR Corporation
• Liebherr Group
• Triumph Group
• Eaton Corporation
• SPP Canada Aircraft
• Whippany Actuation Systems
• CIRCOR Aerospace
• Magellan Aerospace Corporation
• Heroux-Devtek Inc
• UTC Aerospace Systems
• Aerospace Turbine Rotables
• Hawker Pacific Aerospace
• MOOG Inc.
• Parker Hannifin Corporation
• Alaris Aerospace
• Collins Aerospace
• Raytheon Technologies Corporation
• Meggitt PLC
• Honeywell International Inc.
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