Aircraft Landing Gear Market Industry Growth Report 2023
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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