Published on : Jan 14, 2020
While in operation, military aircraft are made to land and take off in hazardous conditions now and then. Military aerospace landing gears refer to a mix of takeoff and landing assistance gears that are found on the undercarriage of aircraft and it offers all the required support at the time of the flight. The global military aerospace landing gear market is predicted to grow at a considerable rate of growth over the tenure of the forecast.
Some of the well-known market players in the global military aerospace landing gear market are Aerospace Turbine Rotables, Whippany Actuation System, UTC Aerospace Systems, Magellan Aerospace, GKN Aerospacervices, and Eaton Corporation.
North America to Retain Regional Supremacy over the Tenure of Assessment
The global military aerospace landing gear market can be geographically split into the key regions of North America, the Asia Pacific, Europe, and the Middle East & Africa. It is estimated that North America is likely to come up as one of the leading regions of the global military aerospace landing gear market in forthcoming years.
Presence of a large number of key market players in North America results in increased demand for the market. In addition, the availability of raw materials in abundance is another factor fuelling the growth of the global military aerospace landing gear market. These two regions also get a considerable chunk of the world tourists every year.
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The Asia Pacific is also anticipated to exhibit substantial growth over the period of assessment, owing to increased efforts to expand military capabilities. The growth in the region is likely to be spearheaded by countries like China and India. Both countries are leading military powers in the world. China is an emerging superpower that is competing against North America for a leading position in the world aviation market.
Latin America and Middle East and Africa are likely to contribute substantially to the also expected to contribute to the global military aerospace landing gear market in the forthcoming years.
Increased Demand for Military Aircrafts Accentuates its Demand in the Market
The global military aerospace landing gear market is expected to witness substantial growth over the tenure of forecast due to increased demand for military aircraft across the globe. As many parts of the world remain politically volatile, the demand for military aircraft is likely to see a surge in the demand, which is likely to drive the global military aerospace landing gear market in the years to come. In addition, replacement of landing gears in the older fleet of aircraft is expected to add to the growth of the global military aerospace landing gear market.
The global military aerospace landing gear market can be split into three broad categories, namely platform, aircraft type, and product type. Main landing gear and nose landing gears are two prominent landing gears that are estimated to dominate the market over the tenure of forecast. The main landing gear consists of upper and lower side stay, retraction/extension actuators, and locking links and actuators. On the other hand, nose landing gear can be further split into pintle pin, steering mechanism, telescoping nose leg, and steering actuator. The segment of landing gear is estimated to come up as the leading contributor in the military aerospace landing gear market over the forecast tenure. Considering types of aircraft, there are two segments, which are fixed-wing aircraft and rotary-wing aircraft. Of these two, the fixed wing aircraft segment is forecasted to exhibit substantial growth in the near future, whilst the rotary wing is expected to account for a large chunk of the global military aerospace landing gear market.
The global military aerospace landing gear market is also divided on the basis of the platform. The segments are military aviation, general, commercial, and business. Commercial aviation is estimated to account for a substantial chunk of the market, in terms of revenues.