Press release
Aerospace Landing Gear Market By Key Vendors – UTC Aerospace Systems, Safran, GKN Aerospace, Eaton, Triumph Group
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Industry Growth drivers:
1 North America
1.1 Strong aviation manufacturing sector
2 Europe
2.1 Increasing air passenger traffic
3 Asia Pacific
3.1 Strengthening of MRO industry
4 Latin America
4.1 Infrastructure development
5 MEA
5.1 Escalating cargo traffic and tourism growth
Main landing gear will account for the maximum volume share of over 65% till 2024. This dominance is attributed to the usage of such gear for handling most of the aircraft weight. It include several components including anti-skid braking systems for enhancing the braking performance of the aircrafts during landing operations. The usage of light weight materials for reducing the gear weight will further boost the aerospace landing gear revenue generation till 2024.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AAR Corp.
2. Aeropol Aviation Services Corp.
3. Aerospace Turbine Rotables, Inc.
4. Aviatechnik
5. Circor Aerospace, Inc.
6. Delta TechOps
7. Eaton Corporation
8. FL Technics
9. GKN Aerospace
10. Hawker Pacific Aerospace
11. Heroux-Devtek, Inc.
12. Liebherr Group
13. Magellan Aerospace
14. Next MRO
15. Safran Landing Systems
16. SPP Canada Aircraft, Inc.
17. Sunvair
18. Triumph Group, Inc.
19. UTC Aerospace Systems
20. Whippany Actuation Systems
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Global aerospace landing gear market from tri-cycle arrangement accounted for 12,221 units in 2017 and is expected to continue its dominance till 2024 owing to several benefits offered including prevention of nose over while braking at higher landing speeds, enhanced visibility from flight deck, easier maneuvering & landing, and prevention of aircraft ground looping. The reduced weight of the system along with lower drag compared to its counterparts further strengthens the volume share till 2024.
Aerospace landing gear market from commercial aviation was valued at over USD 12 billion in 2017 and is projected to continue its dominance over the study timeframe. This is attributed to the introduction of wide-body aircrafts with enhanced passenger seating capacity up to 500 passengers for long distance travel. Increasing transportation of cargo and proliferation of the commercial air freight are boosting the revenue generation till 2024.
OEM segment accounted for over 65% of revenue share in 2017. Increasing investments from industry players for adopting innovative technologies for reducing design and development cycle and cost will drive the segment demand. The requirement to comply to stringent regulations for making flights airworthy along with reducing the weight of the systems and increasing efficiency will showcase significant growth prospects to the aerospace landing gear industry.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/aerospace-landing-gear-market
Asia Pacific aerospace landing gear market will grow significantly at around 5.7% till 20024 owing to increasing air passenger traffic. For instance, according to the Association of Asia Pacific Airlines (AAPA), multiple airlines spread across the region carried over 1,214 million passengers and 20 million cargo in 2017. The increasing population and decreasing air ticket fares coupled with proliferating tourism sector will boost the regional growth till 2024.
The prominent players in the aerospace landing gear marketplace include Safran Landing Systems, AAR Corporation, GKN Aerospace Services, Liebherr Group, Triumph Group, and Eaton Corporation. Other notable players include Magellan Aerospace Corporation, Heroux-Devtek Inc, SPP Canada Aircraft, Whippany Actuation Systems, CIRCOR Aerospace UTC Aerospace Systems, and Aerospace Turbine Rotables.
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