Global Aircraft Landing Gears and Undercarriage Market - Global Trends, Size, Shares and Forecasts (2018-2023)
|発行||Mordor Intelligence LLP||商品コード||649772|
|出版日||ページ情報||英文 110 Pages
|世界の航空機着陸装置および降着装置市場：市場動向、市場規模、シェア、予測（2018年〜2023年） Global Aircraft Landing Gears and Undercarriage Market - Global Trends, Size, Shares and Forecasts (2018-2023)|
|出版日: 2018年05月15日||ページ情報: 英文 110 Pages||
The APAC landing gear and undercarriage market is expected to grow significantly but the top spot is still held by the North American Region. The overall market is expected to grow steadily at a CAGR of 5.1% and is expected to cross USD 5.3 billion by 2023.
The landing gears system encompasses all structural and subsystem elements. Structural elements include shock struts, braces, fittings, pins, wheels, tires and brakes. The subsystem elements include the retraction/extension system (both normal and alternate), the steering system, the braking system (both normal and alternate, manual and automatic), the indication systems and control systems (mechanical, hydraulic, electrical and electronic).
The market is primarily driven by the increasing number of aircraft orders and air traffic in the emerging world. Low Maintenance components are the need of the hour as aircraft MRO takes a major chunk of the airlines expenses.
The market for Aircraft Landing Gear and Undercarriage 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 Aircraft Landing Gear and Undercarriage 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 Aircraft Landing Gear and Undercarriage is directly related to the passenger growth, the more passenger in the market, higher is the demand for Commercial Aircraft Landing Gears.
Key Players: CIRCOR Aerospace, Eaton Corporation, Honeywell Aerospace and among others.
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 defence. 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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