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 5 Billion dollars by 2020.
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 has been segmented on the basis of aircraft type:
Very Large Aircraft
The market is being driven by advances in technology and increasing regulations for safety of the aircraft. Extra emphasis is being laid upon reduction of the weight of the aircraft without compromising the safety so new composites and coated materials are the trend which will boost the market.
The report includes the market share, supply chain, and value chain analyses, besides market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
Key Players include:
Lufthansa Technik Landing Gear Services
Messier Bugatti Dowty
Sumitomo Precision Products
UTC Aerospace Systems