Commercial Aircraft Landing Gear Market– Statistics And Analysis & Forecast

Posted by Mrudula Anil Karmarkar on March 31st, 2021

The global commercial aircraft landing gear market size is expected to reach USD 9.63 billion by 2025, according to a new report by Grand View Research, Inc. The growing income levels of the middle-class population and rising affordability have resulted in air travel to become the preferred choice of travel. Airlines are increasingly making efforts to expand their fleet size to address the growing demand for air travel effectively. The growth in fleet size is anticipated to drive the global commercial aircraft landing gear market over the forecast period.

The automotive & transportation industry is amongst the most exposed verticals to the ongoing COVID-19 outbreak and is currently amidst unprecedented uncertainty. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. The industry's concern has moved on from being centered on supply chain disruption from China to the overall slump in demand for automotive products. The demand for commercial vehicles is expected to plummet with the shutdown of all non-essential services. Furthermore, changes in consumer buying behavior owing to uncertainty surrounding the pandemic may have serious implications on the near future growth of the industry. Meanwhile, liquidity shortfall and cash crunch have already impacted the sales of fleet operators, which is further expected to widen over the next few months. We are continuously monitoring the COVID-19 pandemic, and assessing its impact on the growth of the automotive & transportation industry. The report will account for Covid19 as a key market contributor.

The replacement of aging landing gear components in existing aircraft fleet by advanced systems is expected to impact the growth positively. The surging demand for retrofitting of landing gear systems/components is mainly driven by an increase in airline traffic, which requires frequent upgrading of such systems. Aircraft manufacturers across the globe are investing heavily towards the adoption of new efficient systems in modern aircraft to avoid service failure and accidents, as well as increase the overall longevity.

A new class of systems is being developed, which is adaptive to various landing situations. The use of controllable fluid devices, such as Magnetorheological (MR) and Electrorheological (ER) shock absorbers, are some of the new technologies used for innovative landing gears’ development. The research for new materials for aerospace applications is gaining traction. These materials are being developed to accomplish weight reduction, durability, cost economies, robustness, and environmental responsibility.

Further key findings from the report suggest:

• Electronically controlled anti-skid braking systems are replacing traditional electro-mechanical antiskid systems as the former enhance the efficiency during touchdown
• Main landing gears are anticipated to remain as the highest revenue generating segment over the forecast period as they are regarded to be one of the vital systems used to support the aircraft during takeoffs and landings
• Wide-body aircraft are now being used into domestic routes as well, owing to their lower operational costs and higher profit margins
• Actuation systems are projected to witness the highest growth over the forecast period owing to the increasing demand for contemporary electronic actuation systems to overcome issues of fire hazard and leakage
• Asia Pacific is anticipated to emerge as the fastest growing region over the next eight years primarily due to substantial growth in the commercial aviation sector across developing nations, such as India, Malaysia, and China

Increasing environmental concerns, airspace modernization, and new rules and regulations pertaining to airplane component specifications have significantly contributed to the retirement of the older fleet of airplanes. The aerospace industry has incorporated additive manufacturing throughout all functions and processes, from design concept to repair applications. The increasing success of this has gradually resulted in it being a multipurpose technology.

Airplane manufacturers are now using lightweight materials, electronic technologies, and new innovative solutions for optimizing the overall aircraft performance during touchdown and reducing the aircraft downtime. These new systems require a lower degree of maintenance as compared to their traditional counterparts. The increasing need for more fuel-efficient and eco-friendly airliners to replace the older ones is expected to drive the industry over the next eight years.

The global commercial aircraft landing gear industry is expanding rapidly. Technologically advanced control systems are now increasingly replacing manually-controlled hydraulic as well as mechanical systems. Moreover, the competition among the industry incumbents present across the value chain is increasing at a considerable rate.

The global industry is transforming in accordance with the changing global economy. However, challenges, such as increasing energy costs, expensive raw materials, and the U.S dollar inflation, are expected to challenge the industry growth in the near future. In an effort to overcome these obstacles, various players across the value chain, from OEMs to component & raw material suppliers, have started developing new business processes to benefit from the rapid globalization of the industry.

Have a Query? Ask Our Expert:

https://www.grandviewresearch.com/inquiry/2913/ibb

The global commercial aircraft landing gear market is dynamic in nature. Companies within the marketplace are transforming their products and solutions to provide cost-effective systems to aircraft manufacturers. The key manufacturers are increasingly forming long-term agreements with suppliers to manage their profit margin and inventory flow effectively.

The industry incumbents include Eaton Corporation plc, Héroux-Devtek Inc, Mecaer Aviation Group (MAG), Safran Landing Systems, UTC Aerospace Systems, and Honeywell International, Inc. Other companies gaining traction include AAR Corp., Advantage Aviation Technologies, Inc. (AAT), CIRCOR Aerospace, Inc., Liebherr Group, Magellan Aerospace Corporation, SPP Canada Aircraft, Inc., Triump Group, Inc., and Whippany Actuation Systems.

Grand View Research has segmented the global commercial aircraft landing gear market on the basis of gear position, component, aircraft type, arrangement type:

Commercial Aircraft Landing Gear Gear Position Outlook (USD Million, 2014 - 2025)

• Main Landing Gear
• Nose Landing Gear

Commercial Aircraft Landing Gear Component Outlook (USD Million, 2014 - 2025)

• Landing Gear Steering System
• Wheel & Brake System
• Actuation System
• Others

Commercial Aircraft Landing Gear Aircraft Type Outlook (USD Million, 2014 - 2025)

• Narrow-Body
• Wide-Body
• Regional Jet
• Others

Commercial Aircraft Landing Gear Arrangement Type Outlook (USD Million, 2014 - 2025)

• Tricycle
• Tandem
• Tailwheel

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com