Aircraft Landing Gear Market - Size, Share, Trend & Forecast Analysis | Covid-19 Impact Analysis

Aircraft Landing Gear Market Insights 

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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Market Share Analysis

Aircraft Landing Gear Market Share: By Application Type

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.  

Aircraft Landing Gear Market Share: By Platform Type

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.  

Aircraft Landing Gear Market Share: By Region

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.

Aircraft Landing Gear Market: Key Players

Some of the major players in the aircraft landing gear market are AAR Corp., Circor International, Inc., GKN Aerospace Services Ltd., Héroux-Devtek Inc., Liebherr-International AG, Magellan Aerospace Corporation, Safran S.A., SPP Canada Aircraft, Inc., Triumph Group Inc., and United Technologies Corporation. 

Market Scope & Segmentation

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.

The aircraft landing gear market is segmented into the following categories. 

Aircraft Landing Gear Market Size, Share, & Forecast, by Type:

• Main Landing Gear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Nose Landing Gear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Landing Gear Market Size, Share, & Forecast, by Platform Type:

• Fixed Wing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rotary Wing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Landing Gear Market Size, Share, & Forecast, by Application Type:

• Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Business (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Military (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Landing Gear Market Size, Share, & Forecast, by Aircraft Type:

• Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Very Large Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Regional Transport Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Landing Gear Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].