At CAGR of 6%, Aerospace Landing Gear Market Revenue to Surpass USD 21 Billion by 2024

Global aerospace landing gear market from commercial aviation was valued at over USD 12 billion in 2017 and is projected to continue its dominance over the study timeframe

The global aerospace landing gear market has experienced augmented growth in years, as higher consumer spending combined with the rising frequency of air travel has amplified the production of new aircrafts. While operating in different surroundings and the most challenging conditions, efficient landing gears bear the entire weight of an aircraft and allow for a comfortable and safe landing. Undoubtedly, the aerospace landing gears plays a vital part in ensuring the safety of passengers and enhance the overall value of an aircraft thought its life cycle.

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Rotary wing segment will grow significantly at around 6.8% CAGR from 2018 to 2024. This can be credited to the benefits offered including vertical take-off and landing operations, travel in any direction, and travel to areas with space constraints. Increasing adoption of helicopters for military applications including combat and non-combat operations further supports the segment growth. The adoption of fixed wheels and retractable landing gears depending on the weight of the helicopters will provide a positive outlook for the aerospace landing gear market growth.

Global aerospace landing gear market from commercial aviation was valued at over USD 12 billion in 2017 and is projected to continue its dominance over the study timeframe. This is attributed to the introduction of wide-body aircrafts with enhanced passenger seating capacity up to 500 passengers for long distance travel. Increasing transportation of cargo and proliferation of the commercial air freight are boosting the revenue generation till 2024.

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Global aerospace landing gear market from tri-cycle arrangement accounted for 12,221 units in 2017 and is expected to continue its dominance till 2024 owing to several benefits offered including prevention of nose over while braking at higher landing speeds, enhanced visibility from flight deck, easier maneuvering & landing, and prevention of aircraft ground looping. The reduced weight of the system along with lower drag compared to its counterparts further strengthens the volume share till 2024.

Asia Pacific aerospace landing gear market will grow significantly at around 5.7% till 20024 owing to increasing air passenger traffic. For instance, according to the Association of Asia Pacific Airlines (AAPA), multiple airlines spread across the region carried over 1,214 million passengers and 20 million cargo in 2017. The increasing population and decreasing air ticket fares coupled with proliferating tourism sector will boost the regional growth till 2024.

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The prominent players in the aerospace landing gear marketplace include Safran Landing Systems, AAR Corporation, GKN Aerospace Services, Liebherr Group, Triumph Group, and Eaton Corporation. Other notable players include Magellan Aerospace Corporation, Heroux-Devtek Inc, SPP Canada Aircraft, Whippany Actuation Systems, CIRCOR Aerospace UTC Aerospace Systems, and Aerospace Turbine Rotables.

Table of Contents (ToC) of the report:

Chapter 4 Aerospace Landing Gear Market, By Position
4.1 Aerospace landing gear market share by position, 2017 & 2024
4.2 Main landing gear
4.2.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
4.2.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)
4.3 Nose/Tail landing gear
4.3.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
4.3.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

Chapter 5 Aerospace Landing Gear Market, By Arrangement
5.1 Aerospace landing gear industry share by arrangement, 2017 & 2024
5.2 Tail wheel
5.2.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
5.2.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)
5.3 Tandem
5.3.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
5.3.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)
5.4 Tri-cycle
5.4.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
5.4.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

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