Press release
Asia Pacific Aerospace Landing Gear Market will grow significantly at around 5.7% till 20024 owing to increasing air passenger traffic - Triumph Group, UTC Aerospace Systems, Safran, Magellan Aerospace Limited, Liebherr Group, GKN Aerospace, Eaton
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Commercial aviation will account for over 80% market size owing to the substantial growth of commercial airline services and increasing air passenger traffic & tourism across the globe. The airliners are increasing narrow-body aircrafts to enhance fuel-efficiency and lower operational costs. General aviation aerospace landing gear market share will register over 6% CAGR with rising demand for regional jets. The aircraft is widely used for connection between airfield and network carrier hubs. Wide availability of domestic network will induce positive impact on the regional jets.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.AAR Corp.
2. Eaton Corporation
3. GKN Aerospace
4. Heroux-Devtek
5. Liebherr Group
6. Magellan Aerospace
7. Safran Landing Systems
8. UTC Aerospace Systems
Aerospace Landing Gear Market by Platform
• Fixed wing
• OEM
• MRO
• Rotary wing
• OEM
• MRO
Aerospace Landing Gear Market by Aircraft
• Military
• Fixed wing
• Rotary wing
• Commercial aviation
• General aviation
• Business aviation
• Regional jets
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In 2017, 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.
In 2017, main gear accounts for over 60% aerospace landing gear market share with its installation to support aircraft weight. The gear supports over 80% aircraft weight and positioned behind center of gravity. Nose/tail segment will register healthy growth during forecast period owing to its application for steering an aircraft. The nose/tail designation depends on its position in the carrier. Its functioning depends on weight carrying capacity as light weight is directed through mechanical linkage while for heavy aircraft, it utilizes hydraulic power.
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Key industry participants in aerospace landing gear market includes Safran Group, Heroux-Devtek, UTC Aerospace System, and Eaton Corporation. Industry players are undergoing long term agreements with airliners to expand their regional presence. In July 2016, Eaton signed a 7-year, exclusive agreement with Emirates Airline to provide MRO services for B777, A330 and A340 aircraft fleets.
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