The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Aircraft Landing Gear market. The rising demand for the Aircraft Landing Gear market is expected to drive the demand for Aircraft Landing Gear market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
The global aircraft landing gear market size is expected to reach USD 12.47 Billion at a steady revenue CAGR of 6.7% in 2030, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by increasing need for more intelligent and light aircraft with improved lightweight systems. Aircraft landing gear is one of the crucial components in any aircraft, which is controlled by hydraulic or pneumatic systems and have a specific service life.
Light aircraft can be employed both in developed and underdeveloped regions of a country. Shocks and rebounds from hard landings could happen, hence a good, effective, sturdy, and simple to maintain landing gear is essential in this situation. Its primary function is to diffuse impact's energy, therefore there has been extensive research to examine an inventive damper-equipped light aircraft landing gear.
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The report also profiles established and emerging players of the Aircraft Landing Gear market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Some major companies in the global market report include Safran, Triumph Group, Liebherr, Collins Aerospace, Heroux-Devtek, Eaton, GKN Aerospace Services Limited, Parker-Hannifin Corp, Crane Holdings, Co., Circor Aerospace Products Group.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Some Key Highlights of Report
- On 14 January 2020, Triumph Group, a supplier of airplane parts, signed a deal with Airbus to provide uplocks for A321XLR single-aisle aircraft. Triumph's Integrated Systems will create new uplocks for aircraft's main and nose landing gear as a part of this deal. Performance period of the contract spans entire duration of aircraft Programme.
- The main landing gear segment is expected to lead in terms of revenue share in the global market over the forecast period. Using main landing gear has a number of advantages. The term ‘main landing gear’ refers to two or more substantial gear that are located near to the center of gravity of aircraft. A third wheel assembly is required in a tail wheel landing gear since the primary gear is positioned in front of the center of gravity.
- Some early aircraft designs employed a skid instead of a tail wheel. This encourages directional stability and improves aircraft deceleration during landing. The subsequent angle of aircraft fuselage, when fitted with normal gear, enables employment of a long propeller to compensate for an older and weaker engine design.
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The report studies the historical data of the Aircraft Landing Gear Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
For the purpose of this report, Emergen Research has segmented the global aircraft landing gear market based on type, sub-system, aircraft type, and end-use, and region:
· Type Outlook (Revenue, USD Million; 2019–2030)
- Main Landing Gear
- Nose Landing Gear
· Sub-System Outlook (Revenue, USD Million; 2019–2030)
- Actuation System
- Steering System
- Brake System
- Others
· Aircraft Type Outlook (Revenue, USD Million; 2019–2030)
- Aircraft Type Dynamics Market Share, 2022 2030
- Fixed Wing
- Commercial Aviation
- Narrow Body Aircraft (NBA)
- Wide Body Aircraft (WBA)
- Regional Transport Aircraft (RTA)
- Business Jet General Aviation
- Business Jet
- Light Aircraft
- Military Aviation
- Transport Aircraft
- Special Mission Aircraft
- Unmanned Aerial Vehicle
- Commercial Aviation
- Rotary Wing
- Civil Helicopter
- Light Civil Helicopter
- Medium Civil Helicopter
- Heavy Civil Helicopter
- Military Helicopter
- Light Military Helicopter
- Medium Military Helicopter
- Heavy Military Helicopter
- Civil Helicopter
· End-Use Outlook (Revenue, USD Million; 2019–2030)
- OEM
- Fixed Wing
- Rotary Wing
- Aftermarket
- Fixed Wing
- Rotary Wing
The complete regional analysis covers:
North America (U.S., Canada, Mexico
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key takeaways of the Global Aircraft Landing Gear Market report:
- The report sheds light on the fundamental Aircraft Landing Gear market drivers, restraints, opportunities, threats, and challenges.
- It elaborates on the new, promising arenas in the leading Aircraft Landing Gear market regions.
- It examines the latest research development projects and technological innovations taking place in the key regional segments.
- The research report reviews the regulatory framework for creating new opportunities in various regions of the Aircraft Landing Gear market
- It focuses on the new revenue streams for the players in the emerging markets.
- Furthermore, the report offers vital details about the rising revenue shares and the sizes of the key product segments.
Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.
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