Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Aircraft Landing Gear and Brakes Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 17.9% during the review period (2022 to 2027).
Aircraft Landing Gear and Brakes Market Overview:
The procurement of newer generation aircraft, in the commercial and military sectors, is one of the main reasons for the development of the aircraft brakes market.With increasing emphasis on the reduction of the weight of aircraft, and with the concept of more electric aircraft, new lightweight brakes are being developed (like electric brakes). This is expected to support the growth of the market, in the coming years.The commercial segment of the market currently has the highest share, and is expected to register the highest CAGR during the forecast period 2027. This is mainly due to an increase in aircraft orders and deliveries, to cater to the growing passenger traffic around the world. Currently, carbon brakes are very much popular in the aviation industry, with most of the narrow-body, wide-body, and regional jets using them due to their light weight, as compared to steel brakes, and more mean time between repairs (MTBR). However, in the recent years, the commercial aviation sector has been moving toward more electric architecture, with the main aim of reducing weight and lowering fuel costs. This shift is supporting the adoption of the new electric brakes technology, that comes with low weight and improved performance, as well as ease of maintenance. The airlines tend to use electric brakes, as they help in cutting down the fuel and maintenance costs. This recent trend in the commercial aircraft technology will be a major factor in supporting the growth of this segment, during the forecast period.
Recent Development:
In September 2021, Collins Aerospace was selected to deliver boltless wheels and carbon brakes for the US Air Force’s (USAF) C-130J Super Hercules aircraft. The company will provide the equipment for 60 aircraft that are currently in production.
Infosys and Rolls-Royce extend strategic collaboration with the launch of joint ‘Aerospace Engineering and Digital Innovation Centre’ in India
Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, and Rolls-Royce, one of the world’s leading industrial technology companies, today inaugurated their joint ‘Aerospace Engineering and Digital Innovation Centre’ in Bengaluru, India. This centre has been established to provide high-end research and development (R&D) services integrated with advanced digital capabilities to Rolls-Royce’s engineering and group business services from India. Infosys and Rolls-Royce’s collaboration has been reinforced through strategic deals, aimed at yielding mutual benefits to both organisations over the next seven years.
What are the major Applications, Types and Regions for the Aircraft Landing Gear and Brakes Market?
By Type, it is segmented into
- Line Maintenance
- Heavy Maintenance
- Main Landing Gear
- Nose Landing Gear
- Fixed Wing
- Rotary Wing
- Other
By End User
By Applications, it is segmented into
- Commercial Aviation
- Business Jet
- Commercial Helicopter
- Other
Aircraft Landing Gear and Brakes Market Regional Analysis
The Asia-Pacific region is anticipated to have the maximum growth during the forecast period. There has been significant growth in the passenger traffic in and out of this region. In order to cater to the growing demand, the airlines operating in this region are investing in the procurement of newer generation aircraft. There has also been significant growth in general aviation in this region.
The North American market size stood at USD 3.85 billion in 2020. North America dominated the global landing gear market in 2020. Additionally, the aviation and aerospace sector in the U.S is growing at a rapid speed, which has ultimately created a substantial demand for aircraft gearboxes. The presence of key players, such as Collins Aerospace. Moreover, the presence of leading aircraft manufacturers such as the Boeing Company and Bombardier Inc. is one of the major reasons for the growth of the market in the region.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Aircraft Landing Gear and Brakes market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market owing to rising demand for natural gas mainly across the countries like India, China, and Japan among others. China has the fastest-growing investment in LNG stations, as its focus on cleaner energy for industrial and commercial transportation is anticipated to drive the market across the region. Following Asia-Pacific, Europe, and North America and have implemented stringent laws to reduce emissions & are more focused on renewable energy projects and energy-efficient sectors the rise in commercial and industrial transportation has led to the expansion of LNG stations across the region, and are the second-largest region in the global Aircraft Landing Gear and Brakes market. In Latin America government has reduced the importation tariffs for LNG-powered vehicles, enhancing the market landscape of Aircraft Landing Gear and Brakes positively.
Reports Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 17.9% during the review period (2022 to 2027).
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By Type
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- Line Maintenance
- Heavy Maintenance
- Main Landing Gear
- Nose Landing Gear
- Fixed Wing
- Rotary Wing
- Other
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By Application
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- Commercial Aviation
- Business Jet
- Commercial Helicopter
- Other
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By Companies
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MTU Aero Engines AG (MTU Aero Engines AG (Frankfurt MTX.F)), Textron Inc (Textron Inc. (NYSE TXT))
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Regions Covered
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•North America
•Europe
•Asia-Pacific
•Rest of the World
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Countries Covered
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•US
•Canada
•Germany
•France
•UK
•Italy
•Spain
•Rest of Europe
•China
•Japan
•India
•Australia
•South Korea
•Rest of Asia-Pacific
•Middle East & Africa
•Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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131
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Customization Available
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Yes, the report can be customized as per your needs
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Frequently Asked Questions
What is the study period of this market?
The Aircraft Landing Gear and Brakes Market are studied from 2017 to 2027.
What is the growth rate of the Aircraft Landing Gear and Brakes Market?
The Aircraft Landing Gear and Brakes Market are growing at a CAGR of 17.9% over the next 5 years.
Who are the key players in the Aircraft Landing Gear and Brakes Market?
Rolls-Royce plc, GE Aviation, Lufthansa Technik, MTU Aero Engines AG (MTU Aero Engines AG (Frankfurt MTX.F)), Textron Inc (Textron Inc. (NYSE TXT))., United Technologies, AFI KLM E&M, A J Walter Aviation Limited, Turkish Technic, AAR, Singapore Technologies Engineering LTD, SIA Engineering Company and Others.
What regions Regions does this Aircraft Landing Gear and Brakes Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Aircraft Landing Gear and Brakes Market?
Line Maintenance, Heavy Maintenance, Other
What are the major end-use applications of the Aircraft Landing Gear and Brakes Market?
Commercial Aviation, Business Jet, Commercial Helicopter, Other
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
