The global commercial aircraft landing gear market size 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.
Full Research Report On Commercial Aircraft Landing Gear Market Visit Here:
https://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
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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:
Commercial Aircraft
Landing Gear Gear Position Outlook (USD Million, 2014 - 2025)
- Main Landing Gear
- Nose Landing Gear
Commercial Aircraft
Landing Gear Component Outlook (USD Million, 2014 - 2025)
- Landing Gear Steering System
- Wheel & Brake System
- Actuation System
- Others
Commercial Aircraft
Landing Gear Aircraft Type Outlook (USD Million, 2014 - 2025)
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
Commercial Aircraft
Landing Gear Arrangement Type Outlook (USD Million, 2014 - 2025)
- Tricycle
- Tandem
- Tailwheel
Commercial Aircraft
Landing Gear 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
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 info visit @ https://www.grandviewresearch.com
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