Aircraft Landing Gear Market

Contracts and Acquisitions are the key Growth Strategies Adopted by these Market Players in the Global Aircraft Landing Gear Market.

Growth of the aircraft landing gear market is dependent on the increased number of aircraft deliveries, of ultralight aircraft, and unmanned aerial vehicles in various countries across the world. The aircraft landing gear market is projected to grow from USD 9.71 Billion in 2016 to USD 13.14 Billion by 2021, at a CAGR of 6.23% from 2016 to 2021. Rise in air passenger traffic across the globe, upgradation of aircraft, and unmanned aerial systems in military programs across the world, are the key factors driving the growth of the aircraft landing gear market across the globe.

Safran S.A. (France), Liebherr-International AG (Switzerland), CIRCOR International, Inc. (U.S.), Héroux-Devtek Inc. (Canada), UTC Aerospace Systems (U.S.), and Triumph Group, Inc. (U.S.), among others, are the key players in the global aircraft landing gear market.

Contracts and acquisitions are the key growth strategies adopted by these market players in the global aircraft landing gear market. The core competencies of these leading market players include increasing their geographical presence by investing increasingly in the R&D activities of local companies across the world.

Safran S.A. (France) is a leading player in the aircraft landing gear market and offers solutions for commercial, business, and military aircraft. In November 2015, Messier-Bugatti-Dowty, a subsidiary of Safran S.A. was awarded a ten-year contract from IAG (International Airlines Group), to provide overhaul services for Iberian Airlines. In this contract, the company will provide complete maintenance of landing gear for the Airbus A320 family of aircraft. In September 2014, Messier-Bugatti-Dowty, acquired Sabena technics’ with 50% stake in their 50/50 joint company Hydrep. Hydrep provides repair services for landing gear on helicopters, business, and regional aircraft. The company will be a part of Safran’s “Aircraft Equipment” segment. The company operates its aircraft landing gear market under the aircraft equipment segment with the brand name, Messier-Bugatti-Dowty: Safran Landing Systems. In the commercial aircraft landing gear market, Messier-Bugatti-Dowty holds around 50% of the share.

Triumph Group, Inc. designs, manufactures, engineers, and repairs, landing gear retract actuators, actuators, accumulators, and electromechanical type systems at its Triumph Actuation Systems-Valencia, United States and Triumph Aerospace Systems - Seattle, United States factories. The company focuses on securing contracts and acquisitions to strengthen its position in the aircraft landing gear market.  In March 2016, Triumph Actuation Systems-UK & IOM, subsidiary of Triumph Group, Inc. won a USD 500 million (approx.) long-term contract from Airbus S.A.S. (France) to continue manufacturing its landing gear actuation systems for A320neo and A320ceo programs. The landing gear actuation systems include valves, actuators & uplocks. 

Related Reports:

Aircraft Landing Gear Market by Type (Main, Nose), Platform (Fixed Wing, Rotary Wing), Application (Commercial, Business, Military), Aircraft Type (NBA, WBA, VLA, RTA), and Region - Global Forecast to 2021

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Report Code
AS 1508
Published ON
Nov, 2016
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