Aviation industry is quite dynamic in nature as it adapts quickly with the ever-changing market forces and customer expectations. The macroeconomic trends across geographies shape the overall growth outlook of aviation industry. The three major macro factors that are affecting the growth of global aviation industry include rising demand of air travel, regulatory and infrastructure developments, and technological advancements in aircrafts.
Liberalization policies in various countries are encouraging significant growth in air traffic by removing constraints on pricing, route entry, and service capacity. Hence, the positive growth outlook of the global aviation industry is leading to the increased demand of both passenger and freight aircrafts globally.
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.
Aircraft landing gear Market - Company Profiles -- Safran S.A., Liebherr Group, HéROUX-DEVTEK INC., CIRCOR International, INC. Collins Aerospace, Sumitomo Precision Products Co., Ltd., GKN Aerospace Services Ltd., AAR CORP., Triumph Group Inc., Magellan Aerospace Corporation.
2019: Héroux-Devtek Inc. signed agreement to supply the main landing gears for Boeing's F/A-18E/F Super Hornet and EA-18G Growler. Also, it has extended the scope of the agreement to comprise the manufacturing of the nose and main landing gears for Boeing's Advanced F-15 program and supply of spare parts and aftermarket services for both defense aircraft programs and covers a period of performance of five years.
2018: Liebherr LAMC Aviation (Changsha) Co., Ltd., the joint venture between the Chinese company LAMC (AVIC Landing Gear Advanced Manufacturing Corp.) and Liebherr-Aerospace Lindenberg GmbH delivered the first C919 landing gear system in China to its air framer customer COMAC.
2017: AAR Corp. received a US$909,394,297 fixed-price contract from the U.S. Air Force for the Landing Gear Performance-Based Logistics One program. This award is affirmation of AAR’s expertise and leadership position forged over 30 years in managing the repair, maintenance and logistics of landing gear.
The North American region is also a hub of some of the world’s largest aircraft and helicopter manufacturers such as Boeing, Textron, Gulfstream, Lockheed Martin, Northrop Grumman, Piper Aircraft Inc., Cirrus Design Corporation, Electric Aircraft Corporation, and Bombardier.