For aircraft, the landing gear supports the craft when it is not flying, allowing it to take off, land, and taxi without damage. Wheels are typically used but skids, skis, floats or a combination of these and other elements can be deployed depending both on the surface and on whether the craft only operates vertically (VTOL) or is able to taxi along the surface. Faster aircraft usually have retractable undercarriages, which fold away during flight to reduce air resistance or drag.
Market Analysis and Insights: Global Commercial Aerospace Landing Gear Market
Due to the COVID-19 pandemic, the global Commercial Aerospace Landing Gear market size is estimated to be worth US$ 2218.3 million in 2022 and is forecast to a readjusted size of US$ 2546.2 million by 2028 with a CAGR of 2.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Actuation System accounting for % of the Commercial Aerospace Landing Gear global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Narrow-Body segment is altered to an % CAGR throughout this forecast period.
Nose landing gears are also projected to exhibit considerable growth, with the segment anticipated to grow at a CAGR of over 8% from 2017 to 2025.
Global Commercial Aerospace Landing Gear Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Commercial Aerospace Landing Gear Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Actuation System
Steering System
Segment by Application
Narrow-Body
Wide-Body
Regional Jet
Others
By Company
Eaton
Heroux-Devtek
Mecaer
Safran Landing
UTC Aerospace
Honeywell International
AAR
Advantage Aviation Technologies
CIRCOR Aerospace
Liebherr
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina