The aerospace landing gear market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.

The aerospace landing gear market is poised for robust growth on the back of increasing penetration of air traffic growth in the emerging nations. With each passing day, the airline sector is witnessing an increase in the number of air passengers across the globe. A surge in air passenger traffic has also accelerated the production of commercial as well as passenger aircraft, thereby creating lucrative growth opportunities for the market.

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Industry participants have been focusing on the compression of their design and development cycle to lower costs as well as increase the availability of products. In order to overcome the functional & non-functional challenges, they are also deploying innovative designs and technologies such as 3D or additive manufacturing. Their robust emphasis on reducing weight, minimizing volume, and enhancing performance & life cycle will thus augment the global aerospace landing gear market trends over the coming years.

In terms of segmentation by position, the nose/tail landing gear segment is anticipated to account for a major share over the coming years, which can be credited to the consideration of the aircraft design. This type of landing gear provides a steering feature for the nose gear by using hydraulic power. Moreover, increasing product assembly with the adoption of high-performance shock struts and internal metering tubes will further boost segmental growth.

Based on platform, the MRO segment will amass considerable gains in the foreseeable future, owing to the mandatory aircraft maintenance check and subsequent product replacement. Companies worldwide are focusing on expanding their MRO services to serve the growing prominence. For example, in December 2020, Precision Aviation Group acquired EFIX Aviation Support in Brazil, the organization that works on landing gear, electrical accessories, and others, to expand the MRO and the supply chain services in the Latin America region.

With regards to arrangement, the global aerospace landing gear market from the tri-cycle segment is set to register revenue of around $15 billion by 2026, on account of its mounting adoption in new aircrafts. Most of the aircrafts powered by jet are equipped with this type of gear to curb the incidences of blasts and high-speed gases that can damage the surface. Ease of use, lightweight, and other product features will further surge product demand.

The ongoing COVID-19 pandemic has adversely impacted the aviation industry as a result of travel restrictions and a significant slump in demand among travelers. As per the AAPA (Association of Asia Pacific Airlines), in May 2020, the demand for air cargo declined by 19%. These factors created roadblocks to the aerospace landing gear market over a short period.

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On the regional front, Latin America is anticipated to offer lucrative growth opportunities to the aerospace landing gear market. Studies suggest that the regional market is expected to grow at a 4.5% CAGR over the ensuing years. The region recorded high passenger growth post-government stabilization and enhanced economic performance. In fact, as per the CAPA, in the previous ten years, the number of seats available in airlines in the region surged by 3.2 times. Such growth will accelerate market size across the region over the forecast period.

Major Key Points from Table of Content:

Chapter 4   Aerospace Landing Gear Market, By Position

4.1    Global market insights, by position

4.2    Main landing gear

4.2.1    Global market estimates and forecasts, 2016 - 2026

4.2.2    Market estimates and forecast, by region, 2016 - 2026

4.3    Nose/Tail landing gear

4.3.1    Global market estimates and forecasts, 2016 - 2026

4.3.2    Market estimates and forecast, by region, 2016 – 2026

Chapter 5   Aerospace Landing Gear Market, By Arrangement

5.1    Global market insights, by arrangement

5.2    Tail Wheel

5.2.1    Global market estimates and forecasts, 2016 - 2026

5.2.2    Market estimates and forecast, by region, 2016 - 2026

5.3    Tandem

5.3.1    Global market estimates and forecasts, 2016 – 2026

5.3.2    Market estimates and forecast, by region, 2016 – 2026

5.4    Tri-cycle

5.4.1    Global market estimates and forecasts, 2016 – 2026

5.4.2    Market estimates and forecast, by region, 2016 - 2026

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