San Francisco, 4 January 2019: The Report Commercial Aircraft Landing Gear Market Analysis By Gear Position (Main Landing,
Nose Landing), By Component (Actuation System, Steering System), By Aircraft,
By Arrangement, And Segment Forecasts, 2018 - 2025
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.
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.
Access Research Report of 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
Browse more reports of this category by Grand View
Research at: 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
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access
Press Release of Commercial Aircraft Landing Gear Market@ 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.
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