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Aircraft Landing Gear Market Report
Aircraft Landing Gear Market is Segmented by Type (Main Landing Gear, Nose Landing Gear), by Platform Type (Fixed Wing, Rotary Wing), by Application Type (Commercial, Business, Military, and Others), by Aircraft Type ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Aircraft Landing Gear Market is likely to witness an impressive CAGR of 8.2% during the forecast period. Procurement of fighter aircraft and unmanned aerial systems in military programs across the world and the increasing demand for new aircraft from regional airline companies in the Asia-Pacific and Middle-Eastern regions are the major factors bolstering the demand for aircraft landing gear across the globe during the forecast period.
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Aircraft Landing Gear Market - Snapshot |
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Growth |
8.2% for the next five years |
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Major Application Type |
Commercial aviation |
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Dominant Platform Type |
Rotary wing |
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Region with the highest demand |
North America |
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Key Players |
AAR Corp., Circor International Inc., GKN Aerospace Services Ltd, Heroux-Devtek Ltd., Liebherr-International AG, Megallan Aerospace Corporation, Safran S.A., SPP Canada Aircraft Inc., Triumph Group Inc., and United Technologies Corporation. |
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Based on the application type, the market is segmented as commercial, business, military, and others. The commercial aviation segment includes narrow-body aircraft, wide-body aircraft, very large aircraft, and regional transport aircraft. The mounting demand for new aircraft from regional airline companies in the Asia-Pacific and Middle-Eastern regions is one of the prime factors underpinning the market. In addition, the market is driven by the increasing air passenger traffic, owing to the rising affordability, which is translating into the demand for new aircraft, thereby influencing the market growth positively.
Based on the platform type, the market is segmented as fixed wing and rotary wing. The rotary wing segment is estimated to register a faster growth in the coming five years, owing to the growing demand for helicopters from the military sector. Demand for helicopters is due to the rising application of helicopters for emergency medical services, transport, and special missions.
In terms of regions, the North American region is expected to dominate the global aircraft landing gear market during the forecast period, driven by the technological progressions shaping up in aircraft landing gear and the regional presence of major aircraft manufacturers, such as The Boeing Company (U.S.) and Bombardier Inc. (Canada). Escalating aircraft orders from these manufacturers by the regional airline companies in the Asia-Pacific and Middle-Eastern regions is further boosting the growth of the region’s market. Growing military upgrade programs, which comprise the augmented procurement of unmanned air vehicles and advanced fighter jets, among others is also expected to propel the North American market during the forecast period.
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Aircraft Landing Gear refers to the aircraft’s undercarriage that is responsible for landing and taking off purpose. It is also responsible in offering support to the aircraft when the aircraft is not flying.
Aircraft Landing Gear can be of main landing gear and nose landing gear. It is used in almost all types of aircraft such as commercial, business, military, narrow-body, wide-body, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Aircraft Landing Gear Market Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The aircraft landing gear market is segmented into the following categories.
