October 29, 2021
According to the research report titled ‘Aerospace Landing Gear Market Size By Position (Main Landing Gear, Nose/Tail Landing Gear), By Arrangement (Tail Wheel, Tandem, Tri-cycle), By Platform (Fixed Wing [OEM, MRO], Rotary Wing [OEM, MRO]), By Aircraft (Military Aircraft [Fixed Wing, Rotary Wing], Commercial Aviation, General Aviation [Business Aviation, Regional Jets], By Distribution Channel (OEM, MRO), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with MarketStudyReport, global aerospace landing gear market is expected to amass notable gains over the forecast period 2020-2026.
Increasing per capita income, surging trade globalization, and continuous rise in GDP are the primary factors driving global aerospace landing gear market growth. Furthermore, growing demand for aviation components that offer smooth operation & enhanced safety, coupled with steady rise in air traffic are positively swaying the industry outlook.
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For the unversed, aircraft landing gear is used to provide a suspension to the aircraft while taxiing, take-off, and landing, and is considered to be one of the most important subsystems of an aircraft.
Considering the position-based fragmentation of worldwide aerospace landing gear market, main landing gear segment is slated to account for 60% revenue share by the end of the analysis period. This can be attributed to rising efforts by manufacturers to enhance supply chain facilities, increasing propensity for developing long term partnerships, and use of external sourcing to boost overall process cost efficiency.
Based on arrangement, the tandem segment is touted to garner 3% CAGR over 2020-2026. Tandem landing gear has the main gear and tail gear aligned to the longitudinal axis, which provides stability to the aircraft, and is predominantly used in military aircrafts such as B-52 and B-47.
Moving on to platform type, rotary wings platform segment is poised to witness substantial growth over the study duration, owing to features such as multi-directional travel, hovering, and vertical take-off & landing. Increasing demand for rotary wing aircrafts across application avenues like surveillance, combat & non-combat operations, and emergency backup services will further promote segmental growth over the projected timeframe.
Elaborating on geographical scope, Middle East & Africa aerospace landing gear industry is expected to expand substantially through 2026, owing to increasing long-term partnerships among local players and key market leaders, and continuous rise in air traffic. The International Air Transport Association (IATA) reported that the regional market will witness 5% CAGR and is expected to host 414 million air passengers by the year 2035.
Speaking of competitive landscape, Safran Landing Systems SASU, Next MRO, Magellan Aerospace Corp., Liebherr Group, Heroux-Devtek Inc., Hawker Pacific Aerospace (Lufthansa Technik AG), GKN Aerospace Services Ltd., Eaton Corp., Delta Air Lines Inc., Circor Aerospace Inc., Aviatechnik Corp., and Aerospace Turbine Rotables Inc. (AeTR) are some prominent players influencing global aerospace landing gear industry dynamics.