Aerospace Landing Gear Market to Hit $19 Bn by 2026; Global Market Insights, Inc.

Global Market Insights, Inc. has recently added a new report on the aerospace landing gear market which estimates the market valuation for aerospace landing gear will cross US$ 19 billion by 2026. Increasing penetration of air traffic growth in the emerging countries will drive demand for new aircraft and the aerospace landing gear market.
Major industry players such as Safran Landing Systems are compressing their design & development cycle to reduce cost and improve product availability. Furthermore, companies are adopting innovative technologies and designs, such as additive or 3D manufacturing, to overcome functional and non-functional challenges. Steps taken by manufacturers to reduce weight, minimize volume, and enhance performance & life cycle will boost the landing gear market share. For instance, in 2017, Liebherr-Aerospace manufactured nose landing gear brackets for Airbus A350 XWB. These nose landing gear brackets are manufactured using additive manufacturing.
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The tri-cycle segment is estimated to hold over USD 15 billion by 2026. Tri-cycle landing gears are widely used in all the latest aircraft, driving aerospace landing gear industry growth. Most jet-powered aircraft are equipped with tri-cycle gears to avoid blasts and high-speed gases from causing damage to the surface. Moreover, tri-cycle gears are easier to handle and have reduced weight & drag compared to their counterparts.
Latin America will witness over 4.5% CAGR in the global aerospace landing gear market. The region witnessed high passenger growth post-government stabilization and improved economic performance. Low-cost carriers are undergoing hybridization to attract business passengers. According to CAPA, in the last ten years, the number of seats available in airlines in Latin America increased by 3.2 times. The growth of LCCs will increase aircraft demand, thereby positively influencing the aerospace landing gear market size across the region.
The key players are focusing on investments in new technologies, joint ventures, and acquisitions to increase their global footprint or acquire advanced technologies to cater to the increasing demand from the aerospace landing gear market. Manufacturers are also focusing on making contracts with government authorities or aircraft manufacturers. For instance, in March 2017, AAR Corp. received a contract worth USD 909 million from the U.S. Air Force for landing gears, which will last for the next 15 years. The company will provide the Air Force with support in the distribution, purchasing, remanufacturing, and inventory control.
Some major findings of the aerospace landing gear market report include:
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Partial chapters of report table of contents (TOC):
Chapter 3   Global Aerospace Landing Gear Industry Insights
3.1    Industry segmentation
3.2    Industry ecosystem analysis
3.2.1    Component suppliers
3.2.2    Manufacturers
3.2.3    Profit margin analysis
3.2.4    Distribution channel analysis
3.2.5    End-users    OEM    MROs
3.2.6    Vendor matrix
3.3    Technology landscape
3.3.1    Brake System
3.3.2    Nose Wheel Steering System
3.3.3    CAX Technologies
3.3.4    Maintenance    Health monitoring    Wireless sensor network    RFID Technology
3.4    Information on the MRO market
3.4.1    Changing trend from heavy overhaul to on-condition MRO
3.4.2    MRO spend comparison between Boeing & Airbus Aircraft
3.5    Pricing trends
3.5.1    By Region    North America    Europe    Asia Pacific    Latin America    MEA
3.6    Overhaul pricing trends, by region    North America    Europe    Asia Pacific    Latin America    MEA
3.6.2    Cost structure analysis, 2019
3.7    Regulatory landscape
3.7.1    U.S.
3.7.2    Europe
3.7.3    Asia Pacific
3.7.4    Latin America
3.7.5    MEA
3.8    Industry impact forces
3.8.1    Growth drivers    North America    Europe    Asia Pacific    Latin America    MEA
3.8.2    Industry pitfalls & challenges    Design and development challenges    High MRO expenses
3.9    Innovation & sustainability
3.10    Growth potential analysis, 2019
3.11    Porter’s analysis
3.12    Competitive landscape
3.12.1    Top player’s analysis, 2019
3.12.2    Strategy dashboard
3.13    PESTLE analysis
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Source: Global Market Insights, Inc.