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.
U.S. commercial aircraft landing gear market, by gear position, 2014 - 2025 (USD Million) |
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.
Full
Research Report On Global Commercial Aircraft Landing Gear Market :
www.grandviewresearch.com/industry-analysis/commercial-aircraft-landing-gear-market
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:
www.grandviewresearch.com/industry/automotive-and-transportation
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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
View press
release of this research report by Grand View Research: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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