What are the Recent Growth Opportunities for Commercial Aircraft Landing Gear Systems?
The adoption of industry 4.0 technologies and composite materials and the rising trends of additive manufacturing and digitalization are enabling sustainable development in landing gear systems
This Frost & Sullivan study analyzes the global commercial aircraft landing gear systems market from 2022 to 2032. A landing gear system comprises a comprehensive mechanism that works together to execute safe take-off and landing operations. A typical landing gear system consists of doors, a retraction system (along with hydraulic sub-systems), actuation systems, control systems, braking systems, and steering systems, along with a host of sub-systems. This market comprises 3 revenue streams—linefit, retrofit, and aftermarket. The linefit landing gear systems market is dependent on the number of aircraft delivered in a calendar year. The value of the landing gear systems shipset delivered to these new aircraft is the highest; hence, the market value is also the highest of the 3 streams. The retrofit market relies on the number of aircraft set to undergo full landing gear overhauls throughout the forecast period, and the aftermarket segment depends on the total number of aircraft in service. The share of revenue streams stands at 58.5% for the linefit segment, 20.5% for the retrofit segment, and 21% for the aftermarket segment.
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