Asia Pacific Helicopter Landing Gear Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Material, and Application

Military Helicopters Segment to Dominate APAC Helicopter Landing Gear Market during 2020-2028.

According to a new market research study on “APAC Helicopter Landing Gear Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type, Material, and Application” is expected to reach US$ 1,012.90 million by 2028 from 728.34 US$ million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The report provides trends prevailing in the APAC helicopter landing gear market along with the drivers and restraints pertaining to the market growth. Range of MRO (maintenance, repair, and overhaul) facilities is expanding is the major factor driving the growth of the APAC helicopter landing gear market. However, issues associated with landing gear production and design hinders the growth of APAC helicopter landing gear market.

The APAC helicopter landing gear market is segmented into Type, material, and application. Based on type, the helicopter landing gear are segmented into skids and wheeled. The skids segment held the largest market share in 2020. Based on material, the helicopter landing gear market is segmented into aluminum landing gear set, steel landing gear set, composite landing gear set, and titanium landing gear set. The composite landing gear set segment dominated the market in 2020. Based on application, the helicopter landing gear market is segmented into civil helicopter and military helicopter. Military helicopter segment held the largest market share in 2020.

The COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. India is the worst-hit country by the pandemic in this region. Many global brands and technological companies are headquartered in the region. The limitations imposed by governments to control the spread of COVID-19, the impact of the disease on populations of different countries in the region, and current inability to utilize production capabilities are the key factors impacting military spending of Asian countries. Defense budgets have been drastically cut, resulting in a decrease in the need for mechanical components of helicopters. Therefore, the COVID-19 pandemic is likely to continue to hinder the helicopter landing gear market growth in APAC in the coming years.

CIRCOR AEROSPACE, INC.; Dart Aerospace; LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH; Safran; Sika Interplant Systems Limited; ST ENGINEERING; and Trelleborg Group are among the leading companies in the APAC helicopter landing gear market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, DART Aerospace introduced its new H130 Landing Gear to the rotorcraft industry.

The report segments the APAC Helicopter Landing Gear Market follows:

APAC Helicopter Landing Gear Market - By Type

• Skids
• Wheels

APAC Helicopter Landing Gear Market - By Material

• Aluminum Landing Gear Set
• Steel Landing Gear Set
• Composite Landing Gear Set
• Titanium Landing Gear Set

APAC Helicopter Landing Gear Market - By Application

• Civil Helicopter
• Military Helicopter

APAC Helicopter Landing Gear Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC helicopter landing gear market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the APAC helicopter landing gear market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the helicopter landing gear market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution