Global aerospace landing gear market exploring future growth and trends by 2021-2026
The aerospace landing gear market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization 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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With respect to the arrangement, the tri-cycle segment has gained considerable recognition as they are favorably used in all large aircraft, further boosting aerospace landing gear market trends. Most of the jet-powered aircraft come with tri-cycle gears to avoid incidences of blast and high- speed gases from causing any damage to the surface. Additionally, these gears are easy to handle and have less weight and drag when compared to their competitors.
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Regionally speaking, Latin America has emerged as a key consumption belt for aerospace landing gear due to the increase in air-passenger growth after the stabilization of the government and the improvement in economic performance. Low-cost air carriers are undergoing hybridization to attract passengers.
According to a report by CAPA, in the last decade, the total number of seats available in airlines in Latin America has risen by 3.2 times. This growth in the adoption of LCCs will consequently increase the demand for aircraft which will drive the use of the product in the vast aerospace sector.
The aerospace landing gear market players are constantly aiming at improving their offerings to meet the wide demand for the product as well as to adapt to the changing technology. Some of the prominent names in the industry include Hawker Pacific Aerospace, Eaton Corporation, Aar Corp., FL Technics, UTC Aerospace Systems, and Magellan Aerospace, to name a few.
These key aerospace landing gear market players are investing in new technologies, acquisitions, and joint ventures to expand their global presence and meet the increasing aerospace demands. These companies are also signing contracts with government authorities and aircraft manufacturers to increase their presence in the industry.
Prominent market players like Safran Landing Systems have compressed their design and development cycle in order to reduce their cost and enhance product availability. Moreover, these companies are opting for innovative technologies and designs like 3D manufacturing to overcome both functional as well as non-functional challenges.
Measures undertaken by the manufacturers to reduce the weight, improve performance, and minimize volume will positively influence the demand for the product. For example, in the year 2017, Liebherr- Aerospace produced nose landing gear brackets for Airbus A350 models. These were produced using additive manufacturing.
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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