Aerospace Landing Gear Market Analysis, Trends, Growth & Forecast, 2018 – 2024

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Aerospace Landing Gear Market from regional jets
to grow at over 6.4 CAGR from 2018 to 2024
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Key Insights from Aerospace Landing Gear Market

• Rise in aircraft fleet with increase in air
  passenger traffic will propel aerospace landing
  gear market share during projected timeline.
  Growing preference for air travel owing to less
  travel time and better safety has led to
  expansion in aviation industry. Aircraft
  manufacturers including Bombardier, Boeing and
  Airbus are enhancing their manufacturing
  facilities to meet growing demands and previous
  production backlog.
• Tricycle aerospace landing gear market accounts
  for over 72 share with their installation in
  majority of in-service aircrafts. The airliners
  prefer tricycle arrangement as it offers better
  control during take-off and ground maneuvering.
  Further, lower proximity between internal
  components and gears enhances aircraft safety.
  Tandem arrangement will witness sturdy growth
  with reduced weight due to absence of third wheel
  assembly thereby enhancing vertical takeoff that
  advocated its use in defense aircrafts including
  B-52 and B-47.
• Aircraft operators are continuously decreasing
  their airfare to attract more customers.
  Increasing affordability in middle class income
  groups for air travel with low air fares coupled
  with growth in tourism sector will positively
  influence the product penetration.

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Continued...

• Main gear holds major share in aerospace landing
  gear market with its utilization for carrying
  overall aircraft weight. Key aircraft OEMs are
  moving towards light weighted materials to
  enhance fuel efficiency. Adoption of advanced
  materials including composites and safety
  technologies such as RFID technology and wireless
  sensor network for landing system monitoring will
  propel product demand.
• Commercial aircraft will hold major share with
  significant growth in aviation industry. Rising
  disposable income and annual spending in emerging
  nations has augmented air traffic and increased
  aircraft deliveries.
• Regional jet aerospace landing gear market will
  foresee growth at around 6.4 with its
  utilization for connection between airports and
  network carrier hubs. Regional jets will induce
  positive impact on the industry growth owing to
  wide availability of domestic network. The
  players are developing innovative designs and
  efficient engines providing a positive outlook
  for the industry.

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U.S. Aerospace Landing Gear Market, By Aircrafts,
2017 2024, (Units)

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Major Companies in Aerospace Landing Gear Market

• UTC Aerospace System
• Eaton Corporation
• AAR Corporation
• Aerospace Turbine Rotables
• Safran Group
• Whippany Actuation Systems
• Circor
• SPP Canada Aircraft
• Magellan, Triumph Group, Heroux-Devtek, GKN
  Group, and Leibherr Group

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Industry Coverage

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Regional Insights in Aerospace Landing Gear
Market

• North America dominates the aerospace landing
  gear market with high demand from the commercial
  airline companies, military aircraft and MROs.
  The manufacturers are focusing on capacity growth
  to meet the high demand from aircraft operators.
• Asia pacific will register healthy growth in
  passenger traffic due to low air fares attracting
  more consumers. Further, rising demand for
  military aircraft particularly from South Korea,
  China, and India with purchase of advanced
  equipment will positively drive the aerospace
  landing gear market size from 2018 to 2024.

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