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Aerospace Landing Gear Market in Rotary Wing Segment Will Grow Significantly at Around 6.8% CAGR By 2024

Author : Ronak Bora | Published Date : 2019-05-06 

Design and development challenges will restrict aerospace landing gear market over forecast period. Rotary wing segment will grow significantly at around 6.8% CAGR from 2018 to 2024. This can be credited to the benefits offered including vertical take-off and landing operations, travel in any direction, and travel to areas with space constraints. Increasing adoption of helicopters for military applications including combat and non-combat operations further supports the segment growth.

Growing aircraft fleet to accommodate passengers will enhance aerospace landing gear market over study timeframe. Rising air travel preferences owing to better safety and less duration is increasing flight iterations. Aviation industry players are undergoing facility expansion to overcome previous production backlog. In 2017, major manufacturers such as Airbus and Boeing have backlog of over 7,000 and 5,500 aircrafts respectively.

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Proliferating tourism industry across the globe is surging air travel. According to the United Nations World Tourism Organization (UNWTO), in 2017, the international tourism arrival grew by over 6.5% and reached 1.3 billion. Aviation regulatory organizations including Civil Aviation Safety Authority (CASA) and Federal Aviation Authority (FAA) are laying stringent regulations for their fitment and maintenance. For instance, FAR 14 CFR provides regulations for performance, controllability and maneuverability. Airline operators are adopting innovative technologies such as electric actuation to enhance their performance thereby accelerating aerospace landing gear market growth.

Landing gear assembly is attached to primary structure and supports airplane fuselage during taxiing, take-off, and ground operations. The arrangement of systems depends upon aircraft design and use. The complete system includes steering, actuation, brake and shock absorbers for smooth operation.

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The design requires system with minimum weight, volume, high performance, improved life and reduced life cycle cost. Further, these challenges need to meet while adhering to regulatory safety requirements by employing advanced materials, processes, analysis and production methods.

In 2017, main gear accounts for over 60% aerospace landing gear market share with its installation to support aircraft weight. The gear supports over 80% aircraft weight and positioned behind center of gravity. Nose/tail segment will register healthy growth during forecast period owing to its application for steering an aircraft. The nose/tail designation depends on its position in the carrier. Its functioning depends on weight carrying capacity as light weight is directed through mechanical linkage while for heavy aircraft, it utilizes hydraulic power.

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Commercial aviation will account for over 80% market size owing to the substantial growth of commercial airline services and increasing air passenger traffic & tourism across the globe. The airliners are increasing narrow-body aircrafts to enhance fuel-efficiency and lower operational costs. General aviation aerospace landing gear market share will register over 6% CAGR with rising demand for regional jets.

OEM leads industry with system installation during airplane fabrication. Companies are focusing on landing system configurations including load factors and sink rate to confirm to airworthiness regulations. Aftermarket aerospace landing gear market will witness over 7% CAGR with maintenance requirement after defined intervals.

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.

 Related Report: https://www.marketwatch.com/press-release/smart-weapons-market-2018-by-industry-analysis-report-regional-outlook-competitive-market-share-forecast-2018---2024-2019-05-03

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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