Global Commercial Aircraft Landing Gear Market - Trends, Growth, Analysis, Forecast (2018 - 2023)
Based on geography, the European and North American regions are expected to have a high growth demand for aircraft landing gears, followed by the geographic (country-wise) market in Brazil, China, UAE, and India. The market in North America and Europe are driven by the aircraft OEMs situated in these regions. MNC Bombardier and Boeing is known to be one of the largest suppliers of the commercial aircraft, and Bombardier is one of the third largest aircraft OEMs.
Growing Number of Aircraft Passengers
The market for Commercial Aircraft Landing Gear Industry is expected to be profoundly influenced by the growing demand by the sale of the aircrafts. In 2017, Circor Aerospace reported a revenue of USD 1.6 million for third quarter from the Commercial Aircraft Landing Gear Industry. The Global Commercial Aircraft Landing Gear is expanding rapidly. As, there is an improvement in the technologically the advanced control systems are now generally replacing with the manually-controlled hydraulic.
The Bombardier’s primary market is into business jets and small commercial aircrafts. The Airbus Company, situated in Europe, is also the number one spot for commercial aircraft OEMs. Brazil’s Embraer is also in the league for the long-range small aircraft OEMs, fighting for the third spot in the world. Under the intense competition between aircraft OEMs, the demand for landing gear at OEMs is viably fast-growing and profitable. The need for tires of undercarriage wheels would also be relatively high for passenger and cargo aircraft aftersales market.
On an average, a typical size passenger commercial aircraft uses three landing gears with six tires, but the larger aircrafts such as wide body and large body aircraft may have more than two undercarriage or main landing gear, with more than four pairs of wheels. For, the Airbus A-380 it uses four sets of main landing gears and has 18 wheels. The market is very much feasible for the large body aircraft which are having more than three landing gears. But the cost of manufacturing gears for these aircrafts increases due to the higher use of titanium alloys, instead of steel and other materials, to support the structural weight of aircraft and to reduce the burden of the aircraft gears.
The global industry is transforming according to the change in the global economy. However, several challenges, such as increasing energy costs, expensive raw materials, and the US dollar (USD) inflation, are expected to challenge the industry growth in the future. In an effort to overcome these obstacles, various players across the value chain, from OEMs to component & raw material suppliers, have started developing new business processes to benefit from the rapid globalization of the industry.
As the demand for the Commercial Aircraft Landing Gear is directly related to the passenger growth, the more passenger in the market, higher is the demand for Commercial Aircraft Landing Gear.Major Players - CIRCOR Aerospace, Eaton Corporation, Honeywell Aerospace and among others.
Key developments in the market
March 2018- Approximately 97 % of jobs in the U.S. aluminum industry is used to reside in post-primary production, value-added industries like aerospace and defense. Titanium alloys material is used in components and structures like landing gear and to support the structural growth of the aircrafts.
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