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Aerospace Landing Gear Market Revenue & Growth Analysis 2024 By Top Players Aeropol Aviation Services Corp, Aerospace Turbine Rotables Inc, Aviatechnik, Circor Aerospace Inc, Delta TechOps, Eaton Corporation, FL Technics, GKN Aerospace, Hawker Pacific Aer
North America holds over 50% aerospace landing gear market share with increasing military modernization programs that led to escalating aircraft demand. Moreover, presence of the largest aerospace industry participants including Boeing, Lockheed Martin, and Bombardier Aerospace will fuel the regional growth. Europe will witness steady growth with growing tourism industry. In 2017, the number of tourist arrivals grew by around 8% thereby enhancing industry size.
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OEM leads industry with system installation during airplane fabrication. Companies are focusing on landing system configurations including load factors and sink rate to confirm to airworthiness regulations. Aftermarket aerospace landing gear market will witness over 7% CAGR with maintenance requirement after defined intervals. Industry players are focusing on aftermarket to support airliners? operations and boost their revenue.
Key industry participants in aerospace landing gear market includes AAR Corp, Aeropol Aviation Services Corp, Aerospace Turbine Rotables Inc, Aviatechnik, Circor Aerospace Inc, Delta TechOps, Eaton Corporation, FL Technics, GKN Aerospace, Hawker Pacific Aerospace, Heroux-Devtek Inc, Liebherr Group, Magellan Aerospace, Next MRO, Safran Landing Systems, SPP Canada Aircraft Inc, Sunvair, Triumph Group Inc, UTC Aerospace Systems, Whippany Actuation Systems.
Growing aircraft fleet to accommodate passengers will enhance aerospace landing gear market over study timeframe. Rising air travel preferences owing to better safety and less duration is increasing flight iterations. Aviation industry players are undergoing facility expansion to overcome previous production backlog. In 2017, major manufacturers such as Airbus and Boeing have backlog of over 7,000 and 5,500 aircrafts respectively. Moreover, low air fare in emerging nations to attract more consumers will boost industry growth.
Proliferating tourism industry across the globe is surging air travel. According to the United Nations World Tourism Organization (UNWTO), in 2017, the international tourism arrival grew by over 6.5% and reached 1.3 billion. Aviation regulatory organizations including Civil Aviation Safety Authority (CASA) and Federal Aviation Authority (FAA) are laying stringent regulations for their fitment and maintenance. For instance, FAR 14 CFR provides regulations for performance, controllability and maneuverability. Airline operators are adopting innovative technologies such as electric actuation to enhance their performance thereby accelerating aerospace landing gear market growth.
Landing gear assembly is attached to primary structure and supports airplane fuselage during taxiing, take-off, and ground operations. The arrangement of systems depends upon aircraft design and use. The complete system includes steering, actuation, brake and shock absorbers for smooth operation.
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Rotary wing aerospace landing gear market will register around USD 6,500 million owing to rising demand for helicopters from the defense sector and increasing applications in transportation, emergency medical services and other commercial applications. Industry participants are actively working on using different types of sheet metals such as aluminum, steel, and composite for enhancing their efficiency and durability.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Aerospace Landing Gear Industry Insights
Chapter 4. Aerospace Landing Gear Market, By Position
Chapter 5 Aerospace Landing Gear Market, By Arrangement
Chapter 6 Aerospace Landing Gear Market, By Platform
Chapter 7 Aerospace Landing Gear Market, By Aircraft
Chapter 8 Aerospace Landing Gear Market, By Distribution Channel
Chapter 9 Aerospace Landing Gear Market, By Region
Chapter 10. Company Profiles
For More Details On this Report: https://www.marketstudyreport.com/reports/aerospace-landing-gear-market
Related Report:
Global Commercial Aerospace Landing Gear Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
This report focuses on the Commercial Aerospace Landing Gear in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
https://www.marketstudyreport.com/reports/global-commercial-aerospace-landing-gear-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=RR-PSR
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