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Helicopter Landing Gear Market 2021 Growth Opportunities And Future Scope Till 2028| APPH, CIRCOR Aerospace, Inc., CPI Aerostructures, Inc., DART Aerospace, Eagle Aviation Technologies
Helicopter Landing Gear Market
The helicopter landing gear market was valued at US$ 3,562.3 million in 2020 and is projected to reach US$ 4,826.3 million by 2028; it is expected to grow at a CAGR of 4.2% from 2021 to 2028.
The landing gear is a vital component used for landing helicopters safety and easily. With rise in helicopter production for both civil and military applications across the world, the manufacturing capabilities of helicopter landing gear are also booming. Also, with growth in composite materials due to their less weight & strength capabilities, the use of composites is increasing. Moreover, development of autonomous robotic landing gear and presence of companies offering maintenance, repair, and overhaul (MRO) services are boosting the helicopter landing gear market growth. Furthermore, there are few steps witnessed in respect to helicopter production which is projected to contribute toward the development of landing gear. For instance, the defense procurement agency of South Korea has stated their plans to roll out locally-designed marine attack helicopters for close-air support and amphibious assault applications. Through this plan, South Korea’s aircraft maker – Korea Aerospace Industries will manufacture 24 armed variants of Korea Utility Helicopter, which are scheduled for delivery as early as 2031.
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Leading Helicopter Landing Gear market Players:
APPH, CIRCOR Aerospace, Inc., CPI Aerostructures, Inc., DART Aerospace, Eagle Aviation Technologies, GE Aviation, Héroux-Devtek, Safran, ST Engineering
Helicopter manufacturers are concentrating on reducing the weight of helicopters since it improves fuel economy and raises earnings for service providers. As a result, there is an increasing need for lightweight landing gear systems, driving manufacturers to design landing gear components using innovative technologies and materials. At the same time, as electrical systems become more widely used in aviation, major landing gear manufacturers are replacing hydraulic systems with electrical systems to improve performance while lowering weight.
The North American region is expected to lead the global market throughout the projected period due to technological advancements in helicopter landing gear and the presence of major helicopter manufacturers such as Bell Helicopter Textron, Inc. and Sikorsky Aircraft. Increased helicopter orders from government organizations in the Asia Pacific and Middle East regions are driving the North American helicopter landing gears market. The growing military modernization plans, which include the procurement of advanced helicopters, are projected to boost the growth of the North American market.
The final report will add the analysis of the Impact of Covid-19 in this report Helicopter Landing Gear Market: https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00019420/?utm_source=OpenPR&utm_medium=10410
The global helicopter landing gear market is segmented on the basis of type, material, and application. On the basis of type, market is segmented into the skids and wheels. On the basis of material, the market is segmented as aluminum landing gear set, steel landing gear set, composite landing gear set, and others. Similarly, based on application, market is segmented into the civil helicopter and military helicopter.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Helicopter Landing Gear market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Helicopter Landing Gear market segments and regions.
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