Aircraft Landing Gear Market is Leading by North America region by 2030
Increasing number of air travel and development in passenger safety systems are driving the
growth of Global Aircraft Landing Gear Market through 2030.
According
to TechSci Research report, “Aircraft Landing Gear
Market- Global Industry Size, Share, Trends, Competition, Opportunity, and
Forecast, 2018-2030F,” the
Global Aircraft Landing Gear Market is growing
at considerable rate due increase in air travel and aircraft fleets in many
countries. The landing gear, commonly referred to as the undercarriage, is a
complicated system made up of numerous structural and system components. The
structural elements include the main fitting, the shock absorber, the axle, the
retraction actuator, the down lock mechanism, the up lock, the wheel, the tire,
etc. The system components is composed of a brake unit, an anti-skid
system, and a retracting system.
The
landing gear of an aircraft act as a suspension
system during takeoff, flight, and landing. It is made to distribute and absorb
the kinetic energy of landing impacts, lessening the impact loads that are
delivered to the aircraft. The design of the landing gear takes into account a
number of requirements for strength, stability, stiffness, ground clearance,
control, and damping under all potential ground attitudes for the aircraft.
Improvements
in aircraft braking system designs and technology, such as the incorporation of
electronics with fly-by-wire braking, the use of carbon brake discs that significantly
reduce weight, and an increase in the use of multiple disc systems in modern
aircraft platforms, are driving the industry. The majority of aircraft include
a parking brake, which can be engaged using a switch or
lever and keeps all brakes engaged when activated. In order to improve the
efficiency of the landing gear system, many organisations are investing in
research and development, including In May 2022 for the production of
intricately machined landing gear components, Magellan Aerospace Corporation
partnered with Safran Landing Systems. Materials used in landing gear
components are heavily influenced by properties such as strength, stiffness,
and production costs. Additionally, this leads to a greater acceptance of new
technology in both current and previous generation aircraft landing
gear. As a result, demand for aircraft landing gear is expected to rise in
the coming years due to the aforementioned factors.
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The global COVID-19 pandemic epidemic has an impact on
the whole aviation value chain. However, throughout the past few years, annual
growth in aviation passenger traffic has been observed. According to IATA, in
2022, Asian Pacific airlines continued to have the highest YoY growth rates for
international Revenue Passenger-Kilometers (RPK). The airline industry's growth
in Europe has been steady. Furthermore, the efforts of airline operators to
update their fleet in order to reduce operating costs fueled the desire for new
aircraft. Moreover, this results in increasing demand for aircraft landing gear
and is expected to grow in the forthcoming years.
Global Aircraft
landing gear market is segmented by aircraft type, by sub system, by type, by
end user, by region, and competitional landscape. Based on the aircraft type,
the market is segmented into Narrow-body Aircraft, Rotorcraft, Business
Aircrafts, Regional Aircraft, Wide-body Aircraft, Fighter Aircrafts. Based on
sub system it is divided into Actuation System, Steering System, Brake System
and Other. Based on type the market is divided into Main Landing Gear, and Nose
Landing Gear and based on end user, the market is segmented into commercial,
military, and general aviation.
Some of the major companies operating in the Global Aircraft Landing
Gear Market include:
- AAR
Corp.
- Liebherr
Group
- Circor
Aerospace Inc.
- Safran
SA
- Magellan
Aerospace Corporation
- United
Technologies Corporation
- Raytheon
Technologies Corporation
- Honeywell
International Inc.
- GKN
Aerospace
- Triumph
Group Inc.
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“With
the development of new routes and an increase in aircraft numbers, there is a
growing need for more effective and efficient aircraft landing gear. The market
for aircraft landing gear continues to be dominated by North America, with the
Asia-Pacific region in second place. Additionally, the Asia-Pacific market
is expected to grow significantly in the coming years owing to an increase in
the number of aircraft activities in emerging nations.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Aircraft Landing Gear Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2030F, Segmented By Aircraft
Type (Narrow-body Aircraft, Rotorcraft, Business Aircrafts, Regional Aircraft,
Wide-body Aircraft, Fighter Aircrafts), By Sub System (Actuation System,
Steering System, Brake System, Other), By Type (Main Landing Gear, Nose Landing
Gear), By End User (Commercial, Military, General Aviation), By Region, ” has
evaluated the future growth potential of Global Aircraft Landing Gear Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Aircraft Landing Gear Market.
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