Market Definition
Commercial aircraft landing gear is the system of struts, wheels, brakes, and other components that enable an aircraft to take off and land. The landing gear is an essential part of the aircraft, as it is the only part of the aircraft that makes contact with the ground during takeoff and landing. Landing gear also helps to absorb the shock of landing and aids in maneuvering the aircraft on the ground, as well as providing structural support for the aircraft when it is parked.
Commercial aircraft landing gear is designed to be lightweight and strong, made from materials such as titanium, steel, aluminum, and composites. The gear consists of three main components: the landing gear struts, the wheels, and the brakes. The landing gear struts are designed to absorb the shock of landing and provide structural support for the aircraft when it is parked. The wheels are typically made of aluminum and are designed to support the aircraft’s weight and provide traction on the ground. The brakes are used to slow the aircraft down during landing and to help it to turn on the ground.
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Market Outlook
Commercial aircraft landing gear technology has made tremendous advances over the past decade, enabling aircraft to be more efficient, reliable, and safe. The key trends in this technology include:
1. Improved Structural Design: Landing gear technology is continuously improving to reduce the weight and improve the structural integrity of the landing gear. This includes the use of advanced materials such as aluminium alloys, titanium, and composites, as well as the use of advanced manufacturing techniques such as additive manufacturing. These materials and techniques enable the landing gear to be lighter and stronger, while also providing improved corrosion resistance.
2. Increased Reliability: Reliability is a key factor in commercial aircraft landing gear technology. Companies are constantly looking for ways to reduce maintenance costs and improve the reliability of the landing gear. This includes the use of advanced sensors and monitoring systems that can detect potential issues before they become a problem. Additionally, companies are also researching new materials and designs that can reduce wear and tear, as well as improve the overall reliability of the landing gear.
Key Drivers
Commercial aircraft landing gear is a critical component of the aircraft system, providing support, shock absorption, and directional control during takeoff, landing, and taxiing. The commercial aircraft landing gear market is driven by a number of factors, including increasing demand for commercial aircraft, technological advancements, and regional economic growth.
The global commercial aircraft landing gear market is driven primarily by the increasing demand for commercial aircraft. The world’s commercial aircraft fleet is expected to grow by 4.2% annually over the next 20 years, according to Boeing’s 2017 Current Market Outlook. This growth is driven by a number of factors, including increased air travel, urbanization, and economic growth in developing countries. The growth in the commercial aircraft fleet is expected to drive the demand for commercial aircraft landing gear, as each new aircraft requires new landing gear.
Restraints & Challenges
The key restraints and challenges in the commercial aircraft landing gear market include a lack of technological advancements, high cost of production, and increasing competition.
Technological advancements: Landing gear systems have been traditionally designed with mechanical and hydraulic systems. Although these technologies have been improved over time, they still lack the sophistication and reliability of newer systems such as electrical and fly-by-wire systems. These systems are far more expensive and require a higher degree of engineering and expertise to implement. As such, they are not widely used in the commercial aircraft industry.
High cost of production: The cost of producing landing gear systems is high due to the complexity of the components and the materials used. The cost of raw materials such as steel and aluminum is also increasing which puts further pressure on production costs. This makes it difficult for companies to remain competitive in the market.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The commercial aircraft landing gear market is segmented by material type, landing gear configuration, aircraft type, and region. By material type, the market is divided into steel, aluminum, titanium, and composite materials. By landing gear configuration, the market is bifurcated into reading lights, ceiling & wall lights, signage lights, lavatory lights, and taildragger gear. By aircraft type, the market is divided into narrow-body aircraft, and wide-body aircraft. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The global commercial aircraft landing gear market report includes players like Safran Landing Systems (France), Collins Aerospace (United States), UTC Aerospace Systems (United States), Liebherr-Aerospace (Germany), Héroux-Devtek (Canada), Triumph Group (United States), CIRCOR Aerospace (United States), GKN Aerospace (United Kingdom), Magellan Aerospace (Canada), and AAR Corp (United States).
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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