Commercial Aircraft Landing Gear Market – Overview

Aircraft landing gear is a critical aircraft component as it supports the entire weight of the aircraft during take-off and landing operations. As a result, the maintenance and repair of landing gears is of primary importance in order to ensure safe flight and on-ground aircraft operations. Moreover, in order to ensure an optimum aircraft operation, a desired ratio between the weight of the entire aircraft (along with the passengers and cargo) and the flight range of the aircraft should be maintained. In addition, in order to achieve fuel efficiency, there has been a growing demand for weight reduction that the landing gears need to achieve, during every take-off and landing operation. Furthermore, the growth of the global market is initiated with the increasing R&D investments and rising technological advancements on the brake systems, steering systems, and actuation systems.

With the growing demand for global connectivity in the recent years, along with the rising demand for air travel, fuels the demand for aircraft, which simultaneously drives the market growth of the commercial aircraft landing gear systems. In addition, there have been a large number of aircraft deliveries, over the past few years, which propels the market growth. Concurrently, there are a large sum of aircraft orders that present promising opportunities for the market players. However, due to the high R&D costs along with the lack of safety regulations for aircraft landing gear, the growth of the global market is inhibited.

Industry/ Innovation/ Related News:

May 2018 - Héroux-Devtek signed a landing gear remanufacturing contract with AAR Corporation in Support of the US Air Force.

March 2017 – AAR Corporation signed a contract with IndiGo Airlines to provide MRO services for landing gear overhaul services.

October 2016 – HAECO Landing Gear Services and Cathay Pacific Airways signed a 10-year service agreement. According to the agreement, HAECO will provide maintenance support for the Boeing 777-300ER fleet. The agreement also includes operational and MRO support services for landing gear and components.

Commercial Aircraft Landing Gear Market – Segmentation

The global commercial aircraft landing gear market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Main Landing Gear, Nose Landing Gear.

Segmentation by Aircraft Type: Fixed-wing, Rotary-wing.

Segmentation by Platform: Commercial Aviation, Military Aviation, Business & General Aviation.

Segmentation by Regions: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

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https://www.marketresearchfuture.com/reports/commercial-aircraft-landing-gear-market-1427

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