Commercial Aircraft Landing Gear & Undercarriage Market Scope
Aircraft Undercarriage is a landing gear used during landing or take off. Usually wheels are used for landing on a runway and folds while the aircraft is in the air. The landing gear consists of shock absorbers and wheels. However, the aircrafts which are landing on the snow are equipped with skis. It also carries the weight of entire aircraft, so it has to be built strong. The increasing need of aircrafts globally is leading to the demand of landing gear.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Messier-Bugatti-Dowty (France), Collins Aerospace (United States), Honeywell Aerospace (United States), Heroux-Devtek Inc. (Canada), Liebherr Group (Switzerland), Magellan Aerospace Corp. (Canada), Triumph Group (United States), Sumitomo Precision Products Co. Ltd (Japan), CIRCOR Aerospace (United States), AAR CORP. (United States), GKN Aerospace (United Kingdom), Bodycote Surface Technology (United Kingdom), Parker Hannifin Corporation (United States) and Mecaer Aviation Group (Italy) |
CAGR | % |
In this market of aircraft undercarriage, the major companies are focusing on product innovation and customer preference to drive sustained growth which will propel the market Research Analyst at AMA estimates that North America Manufacturers will contribute to the maximum growth of Global Commercial Aircraft Landing Gear & Undercarriage market throughout the predicted period.
Messier-Bugatti-Dowty (France), Collins Aerospace (United States), Honeywell Aerospace (United States), Heroux-Devtek Inc. (Canada), Liebherr Group (Switzerland), Magellan Aerospace Corp. (Canada), Triumph Group (United States), Sumitomo Precision Products Co. Ltd (Japan), CIRCOR Aerospace (United States), AAR CORP. (United States), GKN Aerospace (United Kingdom), Bodycote Surface Technology (United Kingdom), Parker Hannifin Corporation (United States) and Mecaer Aviation Group (Italy) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Revima Group (France), Aviation Industry Corporation of China (AVIC) (China), Crane Aerospace & Electronics (United States) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Commercial Aircraft Landing Gear & Undercarriage market by Type and Region with country level break-up.
On the basis of geography, the market of Commercial Aircraft Landing Gear & Undercarriage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In December 2018, United Technologies Corp. (UTC) has acquired Rockwell Collins and has the intension to separate its commercial business.
In March 2019, Dart has launched H130 landing gear. It has plug and play option and has maximum compatibility with components. Additionally, it has cracking and corrosion resistance.
Influencing Trend:
Growing Preference of Air Transport by Travelers Leading to the Demand in Aircrafts
Market Growth Drivers:
Decreasing Costs of Air Transport is Fueling the Market Growth and Improvement of Economic Conditions of Developing Countries
Challenges:
Presence of Major Players Leading to High Competition
Restraints:
High Costs Associated with the Research and Developments of Landing Gear
Opportunities:
Government Initiatives towards the Procurement of Fighter Jets and Increasing Disposable Income in the Developing Economies
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations