What’s driving the Aerospace Landing Gear Market Trends? | Key Players are Safran Landing Systems, AAR Corporation, GKN Aerospace Services, Liebherr Group, Triumph Group, and EatonGrowing 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.
Design and development challenges will restrict aerospace landing gear market over forecast period. The design requires system with minimum weight, volume, high performance, improved life and reduced life cycle cost. Further, these challenges need to meet while adhering to regulatory safety requirements by employing advanced materials, processes, analysis and production methods.
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3 Aerospace Landing Gear Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.3 Profit margin analysis
3.3.4 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Technology landscape
3.4.1 Brake System
3.4.2 Nose Wheel Steering System
3.4.3 CAX Technologies
188.8.131.52 Health monitoring
184.108.40.206 Wireless sensor network
220.127.116.11 RFID Technology
3.5 Information on the MRO market
3.5.1 Changing trend from heavy overhaul to on-condition MRO
3.5.2 MRO spend comparison between Boeing & Airbus Aircraft
3.6 Pricing trends
3.6.1 By region
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
3.6.2 Overhaul pricing trends, by region
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
3.7 Cost structure analysis
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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.
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.
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Tri-cycle aerospace landing gear market will register over 6% CAGR with its installation in in-service and on-demand aircrafts. Increasing on-demand airplanes will support segment growth in next six years. In November 2017, Airbus received order for 430 narrow body aircrafts. Tandem wheel arrangement will witness steady growth with its adoption for military aircrafts. The arrangement has main and tail gear aligned to the longitudinal axis of the aircraft offering stability to the aircraft.
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.
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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