Aircraft Landing Gear Market Scope
Landing gear is the undercarriage of a craft or spacecraft and may be used for either take-off or landing. It is designed to support the load of the aircraft for surface operations. For aircraft, the landing gear supports the craft when it is not flying, permitting it to take off, land, and taxi without harm. Wheels are usually used however skids, skis, floats or a combination of these and different elements are often deployed depending both on the surface and on whether the craft only operates vertically or is able to taxi along the surface. Faster aircraft typically have retractable undercarriages, which fold away during the flight to reduce air resistance or drag.
According to AMA, the Global Aircraft Landing Gear market is expected to see growth rate of 6.5%Aircraft Landing Gear market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Safran S.A. (France), Liebherr-International AG (Switzerland), Héroux-Devtek Inc. (Canada), Circor International, Inc. (United States), United Technologies Corporation (United States), Magellan Aerospace Corporation (Canada), Triumph Group Inc. (United States), AAR Corp. (United States), GKN Aerospace Services Ltd. (United Kingdom) and SPP Canada Aircraft, Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Fokker Technologies (Netherlands).
Segmentation Overview
The study have segmented the market of Global Aircraft Landing Gear market by Type (Main Landing Gear and Nose Landing Gear), by Application (Commercial, Business, Military and Others) and Region with country level break-up.
On the basis of geography, the market of Aircraft Landing Gear 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).
Influencing Trend:
The rise in Passenger Traffic across the Globe
Market Growth Drivers:
Increasing Aircraft Order, Increasing the Profitability of Airliners and Rising Demand for Military UAVs
Challenges:
Complex Design of Landing Gear and Stringent Regulatory Environment
Restraints:
Long Life Span of Landing Gear and Existing Backlogs in Aircraft Deliveries
Opportunities:
Emerging Aircraft Manufacturers in Asia-Pacific and Latin America and Increasing Demand for Lightweight Landing Gear
Market Leaders and their Expansionary Development Strategies
On 25 April 2017, GKN Aerospace has opened a production line for landing gear systems of GA-ASI predator B. By this, production capacity is expected 30 to 50 landing gear per year. In this 10 SME’s are involved in the supply chain.
Key Target Audience
Aircraft Landing Gear Manufacturers, Original Equipment Manufacturers (OEMs), Sub-Component Manufacturers, Technological Support Providers, Aircraft Manufacturers’ Associations and Manufacturers of Unmanned Aerial Vehicles
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.