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Global Aircraft Landing Gear Market Size Predicted to Reach USD 13,590 Million by 2026
Global Aircraft Landing Gear Market
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Aircraft landing gear backs a whole load of an airplane. Most of the landing gear has wheels to aid operation. Aircraft landing gears are usually promoted to military applications as well as commercial applications. Aircraft landing gear types include nose landing gear and main landing gear. Applications of aircraft landing gear consist of its usage for military aviation as well as for commercial aviation.
The rise in demand for fighter aircraft as well as unmanned aerial vehicles (UAVs) associated with defense and military sectors have driven the target market growth. In addition, growth in passenger traffic across the globe has been augmenting the target market growth. Moreover, surge in demand for low-cost air travel has been propelling the target market growth as well. Furthermore, the number of regional jets has been increased owing to a rise in the number of travel across short routes among developed economies. This has fueled the target market growth. However, the lack of relevant safety regulations is expected to hamper the target market growth over the forecast period. Nevertheless, an increase in the demand for lightweight landing gear is anticipated to create lucrative growth opportunities for the target market.
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In terms of product type, the target market is categorized as nose landing gear and main landing gear. Among these, the main landing gear category is expected to dominate the product type category. Main landing gears provide extension forces and retraction while maintaining reliability and lightweight. These landing gears act as auxiliary landing gears.
In terms of application, the target market is categorized as military aviation and commercial aviation. Among these, the commercial aviation category is anticipated to be the leading one owing to the growing number of aircraft deliveries in the past few years. In addition, there has been a rise in demand for new aircraft from regional airline companies in developing economies.
In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America is anticipated to be the leading region over the forecast period. Favorable government policies have pushed infrastructure development in the region, this has surged the number of airports in the region. The U.S. represents the broad civil as well as military aerospace clusters. This factor has augmented the target market growth in North America.
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Key players operating in the target market are Liebherr-International AG, Magellan Aerospace Corporation, Sika Interplant Systems Limited, Safran S.A., Triumph Group Inc., United Technologies Corporation, Héroux-Devtek Inc., GKN Aerospace Services Ltd., SPP Canada Aircraft, Inc., Circor International, Inc., Eaton Corp. Plc, Parker-Hannifin Corp., Whippany Actuation Systems, Mecaer America Inc, and others.
This report segments the Aircraft Landing Gear market as follows:
Global Aircraft Landing Gear Market: By Type Segmentation Analysis
Nose Landing Gear
Main Landing Gear
Global Aircraft Landing Gear Market: By Application Segmentation Analysis
Military Aviation
Commercial Aviation
Global Aircraft Landing Gear Market: Regional Segmentation Analysis
North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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