Market Overview:
Aircraft landing gear supports the aircraft by managing the entire weight during the landing or take-off and other ground operations. They are attached to the primary structural members of the aircrafts, the gears are used according to the aircraft designs. The main function of the aircraft landing gear is to provide a safe and comfortable landing and as the aviation sector is expanding across the world the global aircraft landing gear system market is increasing. With continuous research and development and growing use in the defence sector, the market will boot during the forecasted year.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | United Technologies Corporation (United States), Safran S.A (France), Heroux-Devtek (Canada), Liebherr Group (Switzerland), CIRCOR Aerospace, Inc. (United States), Magellan Aerospace Corporation (Canada), Stirling Dynamics (United Kingdom), Triumph Group (United States), GKN plc (United Kingdom) and Albany International Corporation (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of Aircraft Landing Gear Systems Market Study:
United Technologies Corporation (United States), Safran S.A (France), Heroux-Devtek (Canada), Liebherr Group (Switzerland), CIRCOR Aerospace, Inc. (United States), Magellan Aerospace Corporation (Canada), Stirling Dynamics (United Kingdom), Triumph Group (United States), GKN plc (United Kingdom) and Albany International Corporation (United States)
Aircraft Landing Gear Systems Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Land Route, Waterway and Amphibious |
Type | Single Landing Gear, Double Landing Gear, Tandem Landing Gear and Bogie Landing Gear |
Aircraft | Passenger,Fighter,Cargo |
End User | Commercial Aviation,Business Aviation,Military Aviation |
Influencing Trend:
Increasing Use of Aircraft Landing Gears in Defence Sector and Continuous Research and Development Aviation Industry
Market Growth Drivers:
Growing Air Route Traffic and Expansion of Aviation Industry and Need for Smooth and Comfortable Landing or Takeoff is Increasing the Demand for Aircraft Landing Gears
Challenges:
Complexities Involved in Maintenance and Installation of Aircraft Landing Gears
Restraints:
Stringent Regulatory Guidelines Regarding the Aircraft Landing Gears and Negative Effects of Landing Gears on the Environment
Opportunities:
Growing Government Investment and Support in Defence Sector is Boosting the Market and Improving Efficiency and Reliability of Landing Gears
Some of the other players that are also part of study are AAR CORP (United States), APPH Designs (United Kingdom) and SPP Canada Aircraft, Inc. (SPPCA) (United States). The Global Aircraft Landing Gear Systems market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In May 2022, Boeing explore potential opportunities with AI Engineering Services Ltd. (AIESL) for the Maintenance, Repair, and Overhaul (MRO) of critical equipment on key Boeing defense platforms in India. This includes the P-8I aircraft operated by the Indian Navy and the 777 VIP aircraft operated by the Indian Air Force. This collaboration was announced during the Boeing India Aatmanirbharta in Defence conference held in New Delhi on Tuesday, May 10, 2022. The event was attended by dignitaries from the Indian Navy, AIESL, and other essential supplier partners.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aircraft Landing Gear Systems market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Aircraft Landing Gear Systems market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aircraft Landing Gear Systems Manufacturers, Research and Development Institutes, Financial Institutes and Capital Venture, Regulatory Bodies, Aircraft Landing Gear Systems International Traders and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.