Aerospace Landing Gear Market 2021 Industry Manufacturing Size, Share, Business Insights, Key Challenges ,Forecast 2027
Aerospace Landing Gear Market is valued at USD 11.2
Billion in 2018 and expected to reach USD 18.3 Billion By 2025 with CAGR of
7.3% over the forecast period.
Market Analysis of Aerospace Landing Gear-
Aerospace landing gears is an undercarriage of the aircraft
which helps in landing and takeoff and also price required support during
flight. Wheels are mainly used but skis, skids, floats and the combination of
all used depends on the aircraft weather it operated vertically or taxi along
the surface. The faster aircrafts have retractable undercarriages which folds
during the flight and reduce air resistance or drag. These gears are made up of
shock absorbing material mostly carbon fiber is used to provide required as it
has to carries tons of weight.
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Aerospace Landing Gear Market report is segmented on product
type, platform, and application and by regional & country level. Based upon
product type, aerospace landing gear market is segmented into Main Landing Gear
and Nose/Tail Landing Gear. On the basis of platform, the market is segmented
into Fixed Wing and Rotary Wing. Based upon application, aerospace landing gear
market is classified into Commercial, Region Jet, Business Jet, Helicopter, and
Military Aircraft.
The regions covered in this Aerospace Landing Gear market
report are North America, Europe, Asia-Pacific and Rest of the World. On the
basis of country level, market of Aerospace Landing Gear market is sub divided
into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India,
South East Asia, GCC, Africa, etc.
Key Players–
Some major key players for Aerospace Landing Gear market are
UTC Aerospace Systems, CIRCOR Aerospace, Heroux-Devtek, Safran Landing System,
Liebherr Group, Triumph Group, AAR Corp, SPP Canada Aircraft, Whippany
Actuation System, Aerospace Turbine Rotables, GKN Aerospacervices, Magellan
Aerospace, and Eaton Corporation among others.
Increasing air tourism and increased use of aircrafts in
military is the key factor which helps Aerospace Landing Gear Market to grow.
There is an increase in globalization which has increased
the need for better and fast connectivity among countries as compared to conventional
methods of travelling which has fuelled the air tourism. The fast delivery of
products from one corner of the world to the other corner has also increased
the air cargo which in turn driving the growth of aerospace landing gear
market. There is an increase in defense and military which has increased the
use of aircrafts and helicopters for various purposes. This has also expected
to support the growth of aerospace landing gear market in the near future.
Furthermore, there is an increase in the research and development activities to
further reduce the heavy-weight landing gear with light and strong materials
which is expected to create numerous opportunities in the aerospace landing
gear market. However, lack of proper safety regulations about landing gear
safety is expected to hamper the growth of aerospace landing gear market in the
given timeframe.
North America is expected to dominate the Aerospace
Landing Gear Market.
North America accounted for largest market share to dominate
the market. The presence of developed economies such as U.S., Canada and others
with the modern equipment coupled with increased defense expenditure. Moreover,
most of the manufacturers belong to the region and increase in air travel in
the region is expected to drive the demand for aerospace landing gears. Europe
is expected to closely follow the North America in terms of market share, due
to the various technological advancement and manufacturers in the region
coupled with increased procurement of defense aircraft is expected to create a
huge demand for aerospace landing gear market over the forecast period. Asia
Pacific is expected to develop rapidly over the period of time due to the
presence of developing economies such as India, China and others. There is an
increase in the per capita income and GDP of these countries coupled with
increased adoption of advanced technology from other countries coupled with
increasing expenditure on defense are expected to contribute the growth of
aerospace landing gear market in the near future. Latin America, Africa and
Middle East are expected to show a moderate growth.
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Key Benefits for Market Reports –
- Global
market report covers in depth historical and forecast analysis.
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market research report provides detail information about Market
Introduction, Market Summary, Global market Revenue (Revenue USD), Market
Drivers, Market Restraints, Market opportunities, Competitive Analysis,
Regional and Country Level.
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market report helps to identify opportunities in market place.
- Global
market report covers extensive analysis of emerging trends and competitive
landscape.
Market Segmentation: –
By Product Type
- Main
Landing Gear
- Nose/Tail
Landing Gear
By Platform
- Fixed
Wing
- Rotary
Wing
By Application
- Commercial
- Region
Jet
- Business
Jet
- Helicopter
- Military
Aircraft
By Regional & Country Analysis:
- North
America
- U.S.
- Canada
- Europe
- U.K.
- France
- Germany
- Italy
- Asia
Pacific
- China
- Japan
- India
- Southeast
Asia
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa
- GCC
- Africa
- Rest
of Middle East and Africa
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