Europe Helicopter Landing Gear Market to Grow at a CAGR of 4.4% to reach US$ 1,537.07 Mn Million from 2021 to 2028

Europe 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 )

Publication Month : Jul 2021

  • Report Code : TIPRE00023545
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 123
Inquire Before Buy

PRICING

$3000

$1800

The helicopter landing gear market in Europe is expected to grow from US$ 1,137.03 million in 2021 to US$ 1,537.07 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.



France, Germany, Italy, UK, and Russia are major economies in Europe. Composites being used extensively for manufacturing helicopter landing gear systems is the major factor driving the growth of the Europe helicopter landing gear market. Composites are heavily utilized for structural components for helicopters due to their stiffness and superior specific strength properties compared to steel and aluminum. Also, the weight savings which are realized by putting composites is one of the drivers influencing use of composites. The first ever composite landing gear component was designed at NLR was a torque link for NH-90 helicopter’s main landing gear. In the landing gear applications, torque link is utilized to prevent landing gear from wobbling at the course of landing operations. In a framework of different technology programs, the Structures Technology Department as a part of the Aerospace Vehicles division of NLR has designed numerous composite landing gear components for fighter aircraft and large military helicopters. The landing gear programs are carried out with SP aerospace- landing gear manufacturer. Moreover, companies’ presence in the helicopter landing gear is another factor creating substantial growth opportunities for composites. Eurocarbon B.V. is another company using composites for building landing gears for helicopters. In addition to this, contracts in respect to delivering composites made landing gear is further fuelling the market growth. For instance, In 2021, huge delivery of composite main landing gear by GYRO-TECH for Dynali H3 helicopters. Thus, presence of companies and contracts signed for delivering helicopter landing gear is creating a positive impact in the growth of Europe helicopter landing gear market.    

The COVID-19 pandemic in Europe has had a diverse impact on various nations, since only a few nations have seen an increase in the number of cases, resulting in stringent, long-term lockdown periods or social isolation standards. Because of their excellent healthcare systems, Western European nations such as Germany, France, Russia, and the United Kingdom have witnessed a comparably slight decline in their growth activities. These countries' governments have made major investments to improve the efficiency and effectiveness of illness diagnosis and treatment. According to the Centre for Strategic and International Studies, military expenditures in European nations is projected to fall because of COVID-19's worldwide financial crisis, resulting in fewer new military helicopters being adopted, affecting the helicopter landing gear industry. According to CSIS, France, the UK, and Germany pay for a substantial portion of Europe's overall military budget, and these countries are likely to bring down their military budget allocations in 2021 due to macroeconomic situations. For instance, Germany has proposed a cut in defense spending from US$ 20.3 billion in 2020 to US$ 18.7 billion in 2024, which is likely to stymie military modernization and other armament programs. As a result, the helicopter landing gear market in Europe is likely to struggle in the coming years.      

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
 

Europe Helicopter Landing Gear Market Segmentation

Europe Helicopter Landing Gear Market – By Type

  • Skids
  • Wheels

Europe Helicopter Landing Gear Market – By Material

  • Aluminum Landing Gear Set
  • Steel Landing Gear Set
  • Composite Landing Gear Set
  • Titanium Landing Gear Set

Europe Helicopter Landing Gear Market – By Application

  • Civil Helicopter
  • Military Helicopter

Europe Helicopter Landing Gear Market, by Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe    

Europe Helicopter Landing Gear Market - Companies Mentioned

  • APPH
  • CIRCOR AEROSPACE, INC.
  • Dart Aerospace
  • Eurocarbon B.V.
  • LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH
  • Safran
  • ST ENGINEERING
  • Technodinamika
  • Trelleborg Group
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Material, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

  1. APPH
  2. CIRCOR AEROSPACE, INC.
  3. Dart Aerospace
  4. Eurocarbon B.V.
  5. LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH
  6. Safran
  7. ST ENGINEERING
  8. Technodinamika
  9. Trelleborg Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Europe Helicopter Landing Gear Market