The global commercial aircraft landing gear market is expected to reach USD 9.63 billion by 2025,
according to a new report by Grand View Research, Inc. The growing income
levels of the middle-class population and rising affordability have resulted in
air travel to become the preferred choice of travel. Airlines are increasingly
making efforts to expand their fleet size to address the growing demand for air
travel effectively. The growth in fleet size is anticipated to drive the global
commercial aircraft landing gear market over the forecast period.
The replacement of aging landing gear
components in existing aircraft fleet by advanced systems is expected to impact
the growth positively. The surging demand for retrofitting of landing gear
systems/components is mainly driven by an increase in airline traffic, which
requires frequent upgrading of such systems. Aircraft manufacturers across the
globe are investing heavily towards the adoption of new efficient systems in
modern aircraft to avoid service failure and accidents, as well as increase the
overall longevity.
A new class of systems is being developed,
which is adaptive to various landing situations. The use of controllable fluid
devices, such as Magnetorheological (MR) and Electrorheological (ER) shock
absorbers, are some of the new technologies used for innovative landing gears’
development. The research for new materials for aerospace applications is
gaining traction. These materials are being developed to accomplish weight
reduction, durability, cost economies, robustness, and environmental
responsibility.
Increasing environmental concerns, airspace
modernization, and new rules and regulations pertaining to airplane component
specifications have significantly contributed to the retirement of the older
fleet of airplanes. The aerospace industry has incorporated additive
manufacturing throughout all functions and processes, from design concept to
repair applications. The increasing success of this has gradually resulted in
it being a multipurpose technology.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/commercial-aircraft-landing-gear-market
Further key findings from the report suggest:
·
Electronically controlled anti-skid braking
systems are replacing traditional electro-mechanical antiskid systems as the
former enhance the efficiency during touchdown
·
Main landing gears are anticipated to
remain as the highest revenue generating segment over the forecast period as
they are regarded to be one of the vital systems used to support the aircraft
during takeoffs and landings
·
Wide-body aircraft are now being used into
domestic routes as well, owing to their lower operational costs and higher
profit margins
·
Actuation systems are projected to witness
the highest growth over the forecast period owing to the increasing demand for
contemporary electronic actuation systems to overcome issues of fire hazard and
leakage
·
Asia Pacific is anticipated to emerge as
the fastest growing region over the next eight years primarily due to substantial
growth in the commercial aviation sector across developing nations, such as
India, Malaysia, and China
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
global commercial aircraft landing gear market on the basis of gear position,
component, aircraft type, arrangement type and region:
Gear Position Outlook (USD Million, 2014 - 2025)
·
Main Landing Gear
·
Nose Landing Gear
Component Outlook (USD Million, 2014 - 2025)
·
Landing Gear Steering System
·
Wheel & Brake System
·
Actuation System
·
Others
Aircraft Type Outlook (USD Million, 2014 - 2025)
·
Narrow-Body
·
Wide-Body
·
Regional Jet
·
Others
Arrangement Type Outlook (USD Million, 2014 - 2025)
·
Tricycle
·
Tandem
·
Tailwheel
Regional Outlook (USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East & Africa
View press release of this research
report by Grand View Research: https://www.grandviewresearch.com/press-release/global-commercial-aircraft-landing-gear-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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