Amid the COVID-19 crisis, the global market for Aircraft Landing Gear estimated at US$10.7 Billion in the year 2020, is projected to reach a revised size of US$15.1 Billion by 2027, growing at a CAGR of 5.1% over the period 2020-2027.Main, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach US$10.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Nose segment is readjusted to a revised 4.7% CAGR for the next 7-year period. This segment currently accounts for a 32.7% share of the global Aircraft Landing Gear market.
The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.8% CAGR for the Period of 2020-2027
The Aircraft Landing Gear market in the U. S. is estimated at US$2.9 Billion in the year 2020. The country currently accounts for a 27.09% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.1 Billion in the year 2027 trailing a CAGR of 7.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR while Rest of European market (as defined in the study) will reach US$3.1 Billion by the year 2027.The publisher brings years of research experience to this 8th edition of our report. The 473-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- AAR Corporation
- Circor International, Inc.
- GKN Aerospace
- Heroux-Devtek, Inc.
- Liebherr-International AG
- Magellan Aerospace Corporation
- Spp Canada Aircraft, Inc.
- Triumph Group, Inc.
- United Technologies Corporation (UTC)
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Aircraft Landing Gear: An Introductory Prelude
Progressive Growth on the Cards for Aircraft Landing Gear Market
Prevailing Scenario in the World Aerospace Industry Points Towards Strong Demand Growth
Ongoing Expansion in Commercial Airline Fleet Size Enhances Market Prospects
Growing Passenger & Cargo Traffic Instigates the Need for New Aircraft
Progressive Momentum in Business Jet Segment Amplifies Opportunities
Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
Surging Orders for Sophisticated UAVs
Global Competitor Market Shares
Aircraft Landing Gear Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Structural Material Selection for Landing Gear Fabrication Remains Largely Constant by Dint of Stringent Performance Requirements
However, Ongoing Regulatory Emphasis on Reducing CO2 Emissions through Aircraft Lightweighting Seeks Modifications
A Note on ICAO-CORSIA Standard
A Glimpse at Emerging Materials Capable of Reducing Aircraft Weight
3D Printing Likely to Ease Stringent Material Requirement Criteria in Design & Manufacture of Landing Gear
US DoD Places Special Focus on 3D Printed Landing Gear Components
Select Recently Unveiled 3D Printed Landing Gear Components
Safran and Burloak Develop 3D Printed Brake Sleeve for Aircraft Landing System
New 3D Printed Landing Gear Part for the F-35 Stealth Fighter from U.S. Marines
Landing Gear MRO to Post Substantial Growth in the Coming Years
Landing Gear Inspection & Maintenance Gain Traction Amid Rising Emphasis on Reliable Aircraft Operations
Healthy Trajectory in MRO Services Domain Boosts Market Prospects
Retractable Landing Gear: Hiding the Gear Away for Better Aerodynamics
Shock Strut Landing Gear: The Most Common Type
NASA Seeks to Develop Novel Fairing Designs to Reduce Landing Gear Noise
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Aircraft Landing Gear Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Aircraft Landing Gear Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 44
- AAR CORPORATION
- CIRCOR INTERNATIONAL, INC.
- GKN AEROSPACE
- HÉROUX-DEVTEK, INC.
- LIEBHERR-INTERNATIONAL AG (LIEBHERR GROUP)
- MAGELLAN AEROSPACE CORPORATION
- SPP CANADA AIRCRAFT, INC.
- TRIUMPH GROUP
- UNITED TECHNOLOGIES CORPORATION