Aerospace Landing Gear Market Is Anticipated to Witness Considerable Growth Till 2024, North America To Be A Major Revenue Pocket

In 2017, North America holds over 50% aerospace landing gear market share with increasing military modernization programs that led to escalating aircraft demand. Moreover, presence of the largest aerospace industry participants including Boeing, Lockheed Martin, and Bombardier Aerospace will fuel the regional growth. Europe will witness steady growth with growing tourism industry. In 2017, the number of tourist arrivals grew by around 8% thereby enhancing industry size.

Elaborating further, the U.S. based Boeing for instance, delivered an astonishing 763 commercial airplanes in the year 2017. Reportedly, the aerospace behemoth surpassed its previous delivery record set in 2015. In this context, it would be prudent to mention that 2017 was the seventh consecutive year that registered a decent increase in the delivery of commercial aircrafts by foremost manufacturers.

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Apparently, the number of commercial aircraft deliveries stood at 1740 in 2017. This remarkable surge in the total fleet of the commercial airplanes, which was estimated to be around 31,000 worldwide in the same year, has been instrumental in establishing the prominence of commercial aircrafts in the aerospace landing gear market. In fact, the commercial aircraft space is projected to be the major growth segment in the overall aerospace landing gear market in the upcoming years. Incidentally, commercial aviation held over 58% of the aerospace landing gear market share in 2017 and will emerge as a dominant segment by 2024.

Over the recent years, the global aerospace landing gear market share has observed an exponential growth owing to a significant uptick in air passenger traffic and the consequent increase in the demand for lightweight aircrafts. Owing to the criticality of these subsystems, which support aircraft weight during landing and ground operations, the commercial airlines have focused on incorporating high-grade landing gears in the recent times. Moreover, the swift escalation in the number of commercial aircraft production across the world has emerged as one of the foremost factors to have contributed toward rapid growth of the aerospace landing gear market.

The prominent aerospace regulating authorities such as Federal Aviation Authority and Civil Aviation Safety Authority have laid out strict guidelines to deploy advanced technologies including Radio-Frequency Identification and wireless sensor network to enhance operational safety of airplanes. Furthermore, the increasing adoption of advanced landing gear systems across major airlines would impel product penetration, cite analysts. Driven by a rapid increase in commercial aircraft deliveries coupled with the burgeoning air passenger traffic, the aerospace landing gear market is slated to grow at an exceptional pace in the years ahead. In fact, as per a research report collated by Global Market Insights, Inc., the revenue portfolio of aerospace landing gear industry is estimated to surpass USD 21 billion by 2024.

Key industry participants in aerospace landing gear market includes Safran Group, Heroux-Devtek, UTC Aerospace System, and Eaton Corporation. Industry players are undergoing long term agreements with airliners to expand their regional presence. In July 2016, Eaton signed a 7-year, exclusive agreement with Emirates Airline to provide MRO services for B777, A330 and A340 aircraft fleets.

 

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Glimpse of Table of Content (ToC)

Chapter 3     Aerospace Landing Gear Market Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1   Component suppliers

3.3.2   Manufacturers

3.3.3   Profit margin analysis

3.3.4   Distribution channel analysis

3.3.5   End-users

3.3.5.1   OEM

3.3.5.2   MROs

3.3.6   Vendor matrix

3.4   Technology landscape

3.4.1   Brake System

3.4.2   Nose Wheel Steering System

3.4.3   CAX Technologies

3.4.4   Maintenance

3.4.4.1   Health monitoring

3.4.4.2   Wireless sensor network

3.4.4.3   RFID Technology

3.5   Information on the MRO market

3.5.1   Changing trend from heavy overhaul to on-condition MRO

3.5.2   MRO spend comparison between Boeing & Airbus Aircraft

3.6   Pricing trends

3.6.1   By region

3.6.1.1   North America

3.6.1.2   Europe

3.6.1.3   Asia Pacific

3.6.1.4   Latin America

3.6.1.5   MEA

3.6.2   Overhaul pricing trends, by region

3.6.2.1   North America

3.6.2.2   Europe

3.6.2.3   Asia Pacific

3.6.2.4   Latin America

3.6.2.5   MEA

3.7   Cost structure analysis

3.8   Regulatory landscape

3.8.1   North America

3.8.1.1   FAA Federal Aviation Regulations (FARS, 14 CFR)

3.8.1.2   AC 25.729-1

3.8.2   Europe

3.8.2.1   European Technical Safety Order – C135

3.8.2.2   CS 26.200

3.8.2.3   Working Arrangement on Airworthiness Certification (WA-AC)

3.8.3   Asia Pacific

3.8.3.1   Indian policies

3.8.3.2   Main landing gear junction box maintenance requirements, Australia

3.8.3.3   Civil Aviation Maintenance of China

3.8.3.3.1     CCAR-145R3

3.8.3.3.2     CCAR-66R1

3.8.3.3.3     CCAR-135

3.8.3.3.4     CCAR-147

3.8.4   Latin America

3.8.4.1   RBAC 43

3.8.4.2   AC 21-2J

3.8.5   Middle East & Africa

3.8.5.1   Civil Aviation Act

3.8.5.2   Qatar Civil Aviation Regulations

3.8.5.3   Dubai Civil Aviation Policy

3.9   Industry impact forces

3.9.1   Growth drivers

3.9.1.1   North America

3.9.1.1.1     Strong aviation manufacturing sector

3.9.1.2   Europe

3.9.1.2.1     Increasing air passenger traffic

3.9.1.3   Asia Pacific

3.9.1.3.1     Strengthening of MRO industry

3.9.1.4   Latin America

3.9.1.4.1     Infrastructure development

3.9.1.5   MEA

3.9.1.5.1     Escalating cargo traffic and tourism growth

3.9.2   Industry pitfall & challenges

3.9.2.1   Design and development challenges

3.9.2.2   High MRO expenses

3.10    Innovation & sustainability

3.11    Growth potential analysis, 2017

3.12    Porter’s analysis

3.13    Competitive market share analysis, 2017

3.13.1     Top players analysis

3.13.2     Strategy dashboard

3.14    PESTLE analysis

 

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