The global commercial aircraft landing gear industry is expected to reach USD 9.63 billion by 2025, according to a new report by Grand View Research, Inc. The growing income levels of the middle-class population and rising affordability have resulted in air travel to become the preferred choice of travel. Airlines are increasingly making efforts to expand their fleet size to address the growing demand for air travel effectively. The growth in fleet size is anticipated to drive the global commercial aircraft landing gear market over the forecast period.
The replacement of aging landing gear components in existing aircraft fleet by advanced systems is expected to impact the growth positively. The surging demand for retrofitting of landing gear systems/components is mainly driven by an increase in airline traffic, which requires frequent upgrading of such systems. Aircraft manufacturers across the globe are investing heavily towards the adoption of new efficient systems in modern aircraft to avoid service failure and accidents, as well as increase the overall longevity.
A new class of systems is being developed, which is adaptive to various landing situations. The use of controllable fluid devices, such as Magnetorheological (MR) and Electrorheological (ER) shock absorbers, are some of the new technologies used for innovative landing gears’ development. The research for new materials for aerospace applications is gaining traction. These materials are being developed to accomplish weight reduction, durability, cost economies, robustness, and environmental responsibility.
Increasing environmental concerns, airspace modernization, and new rules and regulations pertaining to airplane component specifications have significantly contributed to the retirement of the older fleet of airplanes. The aerospace industry has incorporated additive manufacturing throughout all functions and processes, from design concept to repair applications. The increasing success of this has gradually resulted in it being a multipurpose technology.
Further key findings from the report suggest:
- Electronically controlled anti-skid braking systems are replacing traditional electro-mechanical antiskid systems as the former enhance the efficiency during touchdown
- Main landing gears are anticipated to remain as the highest revenue generating segment over the forecast period as they are regarded to be one of the vital systems used to support the aircraft during takeoffs and landings
- Wide-body aircraft are now being used into domestic routes as well, owing to their lower operational costs and higher profit margins
- Actuation systems are projected to witness the highest growth over the forecast period owing to the increasing demand for contemporary electronic actuation systems to overcome issues of fire hazard and leakage
- Asia Pacific is anticipated to emerge as the fastest growing region over the next eight years primarily due to substantial growth in the commercial aviation sector across developing nations, such as India, Malaysia, and China
Access full research report on global commercial aircraft landing gear industry: www.grandviewresearch.com/industry-analysis/commercial-aircraft-landing-gear-market
Enhancing worldwide financial conditions has prompted persistent increment in air traffic in the course of recent years.
The aircraft landing gear bolsters the whole weight of the airplane amid landing, take-off, as well as when parked.The rising necessitates of worldwide connectivity combined with fare cut of air transport is considered to fuel the need for aircraft, which thus is anticipated to boost the worldwide aircraft landing gear market growth.
In an attempt to triumph over these obstructions, several players all over the value chain, from raw material suppliers & OEMs to the component, have started building up new business procedures to profit from the quick globalization of the industry.Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124657/Aircraft-Landing-Gear-MarketAmong other regions, North America is considered to be foreseeing a noticeable revenue generating in the aircraft landing gear market.
Europe is anticipated to see a comparatively quicker development in the approaching years.
In the Asia Pacific, India and China are anticipated to develop at noteworthy rates owing to growing disposable incomes and rising middle class in this region, which thusly propels the expansion of the regions aircraft landing gear market.Airplane producers are presently utilizing electronic technologies, lightweight materials, and fresh innovative solutions without compromising on quality for improving the general aircraft performance amid touchdown and decreasing the aircraft downtime.
As innovatively propelled control systems are presently progressively supplanting physically controlled hydraulic and also mechanical systems, the competition amid the industry occupants present all over the value chain is expanding at an impressive rate.Request For Report TOC: https://www.researchreportinsights.com/report/TOC/120124657/Aircraft-Landing-Gear-MarketLanding gear makers are considerably expanding investments in new touchdown sets for trade purposes.
