Commercial Aircraft Landing Gear Market Analysis 2023 – CIRCOR Aerospace, Inc., Eaton Corporation plc, Honeywell Aerospace

Commercial aircraft landing gear to expand at a CAGR of 5.4%

Growing number of commercial aircraft is anticipated to be the factor driving the growth of the commercial aircraft landing gear market. Additionally, demand for advanced lightweight landing gears and increasing need for more ecofriendly and fuel-efficient airlines to replace the older ones is fueling the growth of the commercial aircraft landing gear market. Moreover, technological advancement in research and development and initiatives associated with supplementary market, such as steering system, actuation system and brake system, have initiated the market growth. Furthermore, technologically advanced control systems are now increasingly replacing a manually controlled hydraulic as well as mechanical system that in turn is providing huge opportunities for the key players in the commercial aircraft landing gear market.

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Asia Pacific to emerge as the most lucrative market over the next 6 years

Asia pacific is expected to be the largest region contributing in terms of revenue for the commercial aircraft landing gear market. Asia Pacific region is anticipated to achieve extraordinary long-term growth in commercial aviation. The demand for air travel is expanding violently in many developing countries such as India, Malaysia, China, and Thailand, which is expected to be the growing demand for landing gear systems across the geographies. As per the International Air Transport Association (IATA), the global air passenger traffic has increased by 6.3% in 2016.

The airbus company situated in Europe is anticipated to be the leading hub for commercial aircraft OEM’s. The leading companies identified in the market are CIRCOR Aerospace, Eaton Corporation, Honeywell Aerospace. Product launch and partnership are the major development strategies adopted by leading companies. MNC Bombardier and Boeing is known to be one of the largest suppliers of the commercial aircraft and Bombardier is one of the third largest aircraft OEMs. Additionally, Titanium alloys materials are widely used in components and structures like landing gear and to support the structural growth of the aircrafts.

Segments Covered

The report on global commercial aircraft landing gear market covers segments such as component, position, aircraft type, and arrangement type. The component segments include actuation system, landing gear steering system, wheel & brake system, and others. On the basis of position the global commercial aircraft landing gear market is categorized into main landing gear, and nose landing gear. Furthermore, on the basis of aircraft type the commercial aircraft landing gear market is segmented as narrow-body, regional jet, wide-body, and others. On the basis of arrangement type the commercial aircraft landing gear market is segmented as tail wheel, tandem, and tricycle.

Geographic Coverage

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 – 2023.

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Companies Profiled:

The report provides profiles of the companies in the global commercial aircraft landing gear market such as, CIRCOR Aerospace, Inc., Eaton Corporation plc, Honeywell Aerospace, Advantage Aviation Technologies, Inc., AAR Corp, Héroux-Devtek Inc., Liebherr Group, Mecaer Aviation Group, Magellan Aerospace Corporation, and SPP Canada Aircraft, Inc.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global commercial aircraft landing gear market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Commercial aircraft landing gear market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the commercial aircraft landing gear market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the commercial aircraft landing gear market to understand the present and future trends in this market and formulate their strategies accordingly.

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