Asia Pacific Helicopter Landing Gear Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ( Skids and Wheels ), Material ( Aluminum Landing Gear Set, Steel Landing Gear Set, Composite Landing Gear Set, and Titanium Landing Gear Set ), and Application ( Civil Helicopter and Military Helicopter )
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The helicopter landing gear market in APAC is expected to grow from US$ 728.34 million in 2021 to US$ 1,012.90 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.
Australia, China, India, Japan, and South Korea are major economies in APAC. Range of MRO (maintenance, repair, and overhaul) facilities is expanding, and this is the major factor driving the growth of the APAC helicopter landing gear market. 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 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 used on helicopters, Boeing, Airbus, and regional and military aircraft. The company 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 landing gear, and it provides MRO to NH90 helicopter landing gear and F-16 landing gear. Therefore, 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 COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. India is the worst-hit country by the pandemic in this region. Many global brands and technological companies are headquartered in the region. The limitations imposed by governments to control the spread of COVID-19, the impact of the disease on populations of different countries in the region, and current inability to utilize production capabilities are the key factors impacting military spending of Asian countries. Defense budgets have been drastically cut, resulting in a decrease in the need for mechanical components of helicopters. Therefore, the COVID-19 pandemic is likely to continue to hinder the helicopter landing gear market growth in APAC in the coming years. 
APAC Helicopter Landing Gear Market Segmentation
APAC Helicopter Landing Gear Market – By Type
- Skids
- Wheels
APAC Helicopter Landing Gear Market – By Material
- Aluminum Landing Gear Set
- Steel Landing Gear Set
- Composite Landing Gear Set
- Titanium Landing Gear Set
APAC Helicopter Landing Gear Market – By Application
- Civil Helicopter
- Military Helicopter
APAC Helicopter Landing Gear Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Helicopter Landing Gear Market - Companies Mentioned
- CIRCOR AEROSPACE, INC.
- Dart Aerospace
- LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH
- Safran
- Sika Interplant Systems Limited
- ST ENGINEERING
- Trelleborg Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC helicopter landing gear market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC helicopter landing gear market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the helicopter landing gear market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution