Helicopter Landing Gear Market is expected to reach US$ 4,826.3 Mn by 2028

Increasing Scope of Maintenance, Repair, and Overhaul (MRO) Facilities for Helicopter

According to our latest market study on “Helicopter Landing Gear Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Material, and Application,” the market was valued at US$ 3,562.3 million in 2020 and is projected to reach US$ 4,826.3 million by 2028; it is expected to grow at a CAGR of 4.2% from 2021 to 2028.

The exponential growth of helicopters has complemented the establishment of MRO facilities in the world over the years. The scope of MRO facilities is expected to rise in different parts of the world, especially in Asia. Owing to the rising adoption of civil helicopters for various commercial purposes such as fighting wildfires, facilitating news & traffic coverage, conducting search & rescue missions, and patrolling gas & oil pipelines, the establishment of MRO facilities is also witnessing a positive trend. The rising use of helicopters is rapidly accelerating the scope of helicopter’s maintenance business. Countries such as Singapore and India are witnessing the presence of companies offering helicopter landing gear associated MRO services. Tentacle Aerologistix Pvt. Ltd. has stepped into the area of MRO with an aim to create a landmark in aircraft maintenance. The company is waiting for issuance of CAR 145 approval, which is meant for component overhaul shop. The company’s MRO team aims to manage Bell 407 and Bell 206 Series components and helicopter landing gear overhaul. Similarly, ST Engineering is another company engaged in the business of offering integrated MRO services for repair & overhaul of landing gears, and other accessories. Airbus provides their services to various commercially used helicopters such as Airbus Helicopters – Dauphin AS365/SA365, EC155, Super Puma AS332, and Puma SA330. Furthermore, GKN Aerospace is among other players involved in the business of providing MRO services for helicopter landing gear. The company’s Fokker business unit has expertise in the area of landing gear, and it provides MRO to NH90 helicopter landing gear and F-16 landing gear. Therefore, the presence of such leading and well-established players in the MRO business for catering to helicopter landing gears is projected to create ample growth opportunities to the market.

The helicopter landing gear market is segmented into type, material, application, and geography. Based on type, the market is segmented into skids and wheels. The skids segment represented a larger share of the overall market in 2020. In terms of material, the market is segmented into aluminum landing gear set, steel landing gear set, composite landing gear set, and titanium landing gear set. In 2020, the composite landing gear segment accounted for the substantial share of the market. Geographically, North America held the largest share of the helicopter landing gear market in 2020, followed by Europe and Asia Pacific. Further, the market in Asia Pacific is projected to witness the highest growth rate during the forecast period.

Impact of COVID-19 Pandemic on Helicopter Landing Gear Market

The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of mechanical equipment, including the hardware component of helicopter landing gears. The emergence of COVID-19 virus across the globe, followed by lockdown scenarios, has led the aerospace industry experts to analyze that the industry would face at least a quarter of lag in mechanical equipment supply chain. This disruption is expected to create tremors till mid-2021. The mechanical equipment and aerospace industry is likely to pick up pace soon after the governments across the globe steadily lift the various containment measures in order to revive the economy. The production of the mechanical equipment in aerospace industry is anticipated to gain pace from 2022, which is further foreseen to positively influence the landing gear equipment and aerospace manufacturing, including hardware components of helicopter landing gears.

APPH; Circor Aerospace, Inc.; Dart Aerospace; Eurocarbon B.V.; Liebherr-International Deutschland GMBH; Safran; Sika Interplant Systems Limited; St Engineering; Technodinamika; Trelleborg Group are among the major companies operating in the helicopter landing gear market.

Helicopter Landing Gear Market - by Geography, 2020

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Helicopter Landing Gear Market Size, Trends, Opportunity Analysis By 2028

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Helicopter Landing Gear Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Skids and Wheels), Material (Aluminium Landing Gear Set, Steel Landing Gear Set, Composite Landing Gear Set, and Titanium Landing Gear Set), and Application (Civil Helicopter and Military Helicopter)

The report segments the global helicopter landing gear market as follows:

• By Type
  • Skids
  • Wheels
•  By Material
  • Aluminum Landing Gear Set
  • Steel Landing Gear Set
  • Composite Landing Gear Set
  • Titanium Landing Gear Set
•  By Application
  • Civil Helicopter
  • Military Helicopter

• By Geography
• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC

• Middle East & Africa
  • Saudi Arabia
  • Rest of MEA

• South and Central America
  • Brazil
  • Argentina
  • Rest of SAM