How Does Aircraft Landing Gear Work?

The number of airports across geographies is rising at an impressive rate due to favorable government policies to push infrastructure development and bring market liberalization in the aviation sector. The increasing demand of low cost travel and rising need to connect remote locations with air travel, especially in developing regions such as Asia Pacific and Africa is driving the demand of low cost carriers (LCCs) and ultra-low cost carriers (ULCCs). Low cost carriers (LCCs) are also a good example of market liberalization happening in the aviation industry. In the global aviation industry, low-cost carrier model is flourishing at an impressive rate. The strong growth of this model in Association of Southeast Asian Nations (ASEAN) countries depicts its future growth potential. With the entry of new entrants into aviation market, the competition has increased multifold and fares have dropped drastically on some routes. 

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Aircraft Landing Gear

The major companies offering aircraft landing gear market include SAFRAN S.A., Liebherr Group, Héroux-Devtek, Collins Aerospace, Triumph Group, Circor International, Sumitomo Precision Products, GKN Aerospace Services, AAR and Magellan Aerospace

The global aircraft landing gear market accounted to US$ 11.89 Bn in 2018 and is expected to grow at a CAGR of 6.4% during the forecast period 2019 – 2027, to account to US$ 20.60 Bn by 2027.

Landing gear manufacturers faces various challenges related to weight, volume, performance, cost, and lifecycle of aircraft landing gears. In addition to this, strict government regulations related to safety and security of aircrafts and passengers further restrain landing gear manufacturers from trying new materials and processes. Moreover, due to the complex nature of landing gear design and development process, the cost of any research and development activity is quite high. In the past, many technologies have been developed to meet some of these challenges. However, the time and cost involved in the development of new technologies related to materials, processes, production and analysis methods could restrain the growth of aircraft landing gear market in the coming few years. 

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The aircraft landing gear market on the basis of gear arrangement is segmented into tail wheel, tandem, and tri-cycle. The tricycle segment led the aircraft landing gear market, by gear arrangement and is anticipated to continue its dominance during the forecast period. The braking advantages coupled with better reliability and control provided by the tricycle landing gear arrangement over the other types has led to the high prominence of this type of arrangement. Further, higher costs of these type have led to the drastically high market shares of tricycle landing gear arrangement in the global aircraft landing gear market. 

Source:- The Insight Partners