Aerospace Landing Gear Market Trends Information and Competitive Landscape Scenario to 2026

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Aerospace Landing Gear Market Demand Analysis and
Growth Forecast from 2020 to 2026

• The aerospace landing gear market is poised for
  robust growth on the back of increasing
  penetration of air traffic growth in the emerging
  nations. With each passing day, the airline
  sector is witnessing an increase in the number of
  air passengers across the globe. A surge in air
  passenger traffic has also accelerated the
  production of commercial as well as passenger
  aircraft, thereby creating lucrative growth
  opportunities for the aerospace landing gear
  market. Studies conducted at Global Market
  Insights Inc. suggest that the aerospace landing
  gear market is expected to surpass USD 19 billion
  by 2026.
• As per a recent report, global aircraft
  manufacturers Airbus and Boeing were slated to
  develop more than 1,750 aircraft in 2019, which
  increased from 1,606 units in 2018. Moreover, as
  air connectivity continues to become more
  efficient and accessible, the Aerospace landing
  gear market is anticipated to witness increased
  traction in the commercial aircraft sector.

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• Companies like Safran Landing Systems are
  compressing their design development cycle to
  decrease cost and enhance product availability.
  Proactive steps taken by manufacturers to
  decrease weight, minimize the volume and improve
  performance life cycle is expected to
  accelerate the landing gear market share.

• Based-on the arrangement, the tri-cycle segment
  is expected to record USD 15 billion in revenue
  by 2026. Tri-cycle landing gears are extensively
  used in all cutting-edge aircraft, accelerating
  aerospace landing gear industry growth.
  Jet-powered Aircraft manufactures are equipping
  aircraft with tri-cycle gears to avoid high-speed
  gases and blasts from causing damage to the
  surface. Besides, tri-cycle gears are convenient
  to handle and have decreased weight and drag
  compared to their counterparts.

• Apparently, industry participants have been
  striving to tap the unexplored arenas and come up
  with a gamut of cutting-edge products in the
  medical X-day sector. These companies are
  adopting cutting-edge technologies like 3D
  manufacturing and additive to overcome
  non-function and functional challenges.

• However, the ongoing COVID-19 pandemic has
  impacted air travel worldwide, owing to strict
  travel restrictions and widespread lockdowns by
  governments across the globe. In fact, the AAPA
  (Association of Asia Pacific Airlines, the air
  cargo demand in May 2020 decreased by 19, which
  is expected to negatively restrain the overall
  demand for aerospace landing gears over the
  ensuing years.

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• Regional Analysis

• Latin America is anticipated to offer lucrative
  growth opportunities to the aerospace landing
  gear market. Studies suggest that the regional
  market is expected to grow at a 4.5 CAGR over
  the ensuing years. The region recorded high
  passenger growth post-government stabilization
  and enhanced economic performance. In fact, as
  per the CAPA, in the previous ten years, the
  number of seats available in airlines in the
  region surged by 3.2 times. Such growth will
  accelerate aerospace landing gear market size
  across the region over the forecast period.

• Competitive Analysis

• Key Player in the market are AAR Corp., Aeropol
  Aviation Services Corp., Aerospace Turbine
  Rotables, Inc., Aviatechnik , Circor Aerospace,
  Inc, Delta TechOps, Eaton Corporation, FL
  Technics, GKN Aerospace, Hawker Pacific
  Aerospace, Heroux-Devtek, Inc., Liebherr Group,
  Magellan Aerospace, Next MRO, Safran Landing
  Systems, SPP Canada Aircraft, Inc., Sunvair,
  Triumph Group, Inc., UTC Aerospace Systems and
  Whippany Actuation Systems

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