The global aircraft landing gear market size is projected to reach USD 18.66 billion by 2028, exhibiting a CAGR of 7.09% during the forecast period. Rapid development in air transport dynamics is set to emerge as the key factor driving the growth of this market, as per the new Fortune Business Insights™ report, titled “Aircraft Landing Gear Market Size, Share and Industry Analysis by Type (Nose Landing Gear and Main Landing Gear), By Platform (Fixed-Wing and Rotary-Wing), By Arrangement Type (Tail Wheel, Tandem, and Tri-cycle), By Component (Retraction system, Breaks and Wheels, Steering, and Others), By End User (OEM and Aftermarket), and Regional Forecast, 2021-2028”. According to the International Civil Aviation Organization (ICAO), in 2018, the total number of air travelers across the globe was 4.3 billion, increasing by 6.4% from 2017 levels. The number of departures, the ICAO notes, rose by 3.5% in 2018, reaching 37.8 million.

Introduction of low-cost airlines have significantly altered the world air transport dynamics, with low-cost carriers having estimated to transport 1.3 billion passengers in 2018. Growth in air travelers have increased the frequency of employment of aircrafts, necessitating effective and efficient maintenance of these massive machines. More importantly, they need to equipped with superior landing technologies to ensure safety of passengers and the crew, which is one of the leading aircraft landing gear market trends.

The report states that the market value stood at USD 10.69 billion in 2018. The other highlights of the report include:

Comprehensive analysis of the major drivers and restraints influencing the market;
In-depth study of the regional dynamics of the market;
Microscopic research into the key players operating in the market and evaluation of their strategies; and
Precise segmentation of the market and assessment of each individual segment.

List of Top Players Covered in the Report:

• AAR
• Alaris Aerospace
• CIRCOR International, Inc.
• GKN Aerospace Services Ltd.
• Hawker Pacific Aerospace
• Héroux-Devtek Inc.
• Liebherr-International AG
• Magellan Aerospace Corporation
• Safran SA
• SPP Canada Aircraft, Inc.
• Triumph Group, Inc.
• UTC Aerospace Systems
• Market Driver

Grave Safety Risks Posed by Conventional Landing Gear to Create New Growth Opportunities

Conventional landing gear, or tailwheels, consist of two wheels placed in a forward position relative to the center of gravity. They have been the most widely used landing gear in traditional airplanes and some older aircraft models and small airplanes still use them. However, these landing gear systems are extremely dangerous, posing grave risks to the safety of everyone aboard the aircraft. For example, tailwheel aircrafts are prone to a phenomenon known as “ground looping”, which occurs when the tail of the aircraft bypasses the center of gravity, causing the pilot to lose directional control of the plane. Being smaller in size, tires attached to tailwheel units can drop into holes in the ground and cause the propeller to trip over. To counter these disadvantages, airliners are increasingly incorporating electrically-controlled landing gear and anti-skid brake management systems to enhance reliability, accuracy, and safety of the aircraft. This shift towards next-generation technologies is auguring well for the aircraft landing gear market growth.

Information Source:-

https://www.fortunebusinessinsights.com/industry-reports/aircraft-landing-gear-market-101815

Regional Analysis

North America to Hold Lion’s Share in the Market; Asia-Pacific to Showcase Impressive Growth

The market size in North America stood at USD 4.15 billion in 2018 and the region is foreseen to dominate the aircraft landing gear market share in the forthcoming years. The main reason attributable to the region’s dominance is the presence of well-established OEMs that are making large investments in advanced aviation technologies and coming out with new-age solutions. In Asia-Pacific, the market is expected to grow at an impressive rate owing to the increasing delivery and sale of commercial and low-cost carriers in China and India.

Exciting Collaborations to Infuse New Energy in the Market

The aircraft landing gear market report highlights that this market is poised to experience an exciting period of intense competition. This is because some of the leading companies are engaging in technological collaborations to diversify their offerings and deepen their hold on the market.

Industry Developments:

January 2020: Collins Aerospace Systems teamed up with Magellan Aerospace Corporation under which Magellan will supply Collins nose landing gear units for the latter’s B737 aircraft fleet. Valued at around CAD 52 million, the deal will involve delivery of titanium components from Magellan’s Ontario facility.
January 2019: Liebherr-Aerospace announced that it had commenced the 3D printing of components under its partnership with Airbus. The German aircraft manufacturer will begin supplying nose landing gear brackets for the Airbus A350 XWB.

The global autonomous navigation market size was USD 2.46 billion in 2020. The market is projected to grow from USD 2.99 billion in 2021 to USD 9.32 billion by 2028 at a CAGR of 17.63% in the 2021-2028 period. This information is published by Fortune Business Insights™, in its report titled, “Autonomous Navigation Market, 2021-2028.”

As per our expert analysts, the autonomous navigation system is installed in vehicles such as drones, robots, cars, boats, and others. The navigation systems technology is conducted by utilizing advanced technologies and autonomous navigation algorithms for precise and secure navigation of vehicles. Therefore, such useful application of this technology is expected to bolster the market growth.

List of Key Players Covered in the Report

• ABB (Switzerland)
• Honeywell International (U.S.)
• Safran (France)
• General Dynamics (U.S.)
• Raytheon Technologies (U.S.)
• Thales Group (France)
• Trimble (U.S.)
• L3 Harris Technologies (U.S.)
• Moog Inc. (U.S.)

Segments

Software System Segment to Dominate Backed by Rising Usage

On the basis of platform, the market is classified into airborne, land, marine, space, and weapons.

In terms of application, the market is categorized into commercial, military, and government.

In regards of system, the market is divided into sensing system, processing system, and software system. The software system segment is anticipated to show significant growth during the forecast period.

Geographically, the market is classified into North America, Europe, Asia Pacific, and the rest of the world.

Report Coverage

The report presents a meticulous study of the market and a profound review of the prime segments of the market. It offers an extended examination of key players and their perceptive strategies to foster and bolster market growth for economic benefits. The report also mentions important visions that direct business owners with their spending perspective. The regional aspects and their role in conducting the market in an upward curve are described in the report. Additionally, COVID-19 influences have been mentioned for surplus information and its effect on the demand for the technology in future.

Driving Factors

Increase in Utilization of Unmanned Vehicles in Military to Foster Growth

Adoption of unmanned vehicles such as Unmanned Aerial Vehicles (UAV), Unmanned Ground Vehicles (UGV), and others in military applications has augmented on account of the progressive technology and high investment from governments across the world. Due to amplification in the utilization of unmanned vehicles for military operations, it has become important to refine the communication and navigation system of a UAV to upgrade effectiveness and upsurge the range of the connection. Autonomous navigation carries out a crucial part in offering situational consciousness during surveillance applications.

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https://www.fortunebusinessinsights.com/industry-reports/autonomous-navigation-market-101796

Regional Insights

North America to Dominate Stoked by Surging Investment in Defense and Space Industry

North America is predicted to hold the biggest autonomous navigation market share and remain in a dominant position during the forecast period. Rising spending in the defense and space industry pooled with the surging number of companies will fuel the autonomous navigation market growth across the region.

The marker in Europe is expected to develop at a considerable CAGR during the forecast period on account of the growing number of autonomous cars, robots, and navigation systems used for surveillance.

Asia Pacific is anticipated to be the fastest-developing segment, owing to rising investment in the automotive and robotics sector.

Competitive Landscape

Innovative Product Launch Declaration by Crucial Players to Boost Market Growth

The fundamental players adopt several tactics to boost their position in the market as dominating companies. One such essential strategy is procuring companies to thrust the brand value among users. Another effective strategy is occasionally unveiling inventive products with a methodical review of the market and its target audience.

Key Industry Development

November 2021: Honeywell International unveiled two novel resilient navigation systems known as the Honeywell Compact Inertial Navigation System and Honeywell Radar Velocity System. Honeywell engaged in a collaboration with the InfiniDome’s Anti-Jamming system, GPSdome, particularly designed for commercial as well as the military end-users.

The global Antenna Transducer and Radome Market size is projected to reach USD 16.73 billion by 2027, exhibiting a CAGR of 12.02% during the forecast period. Wide applicability of IMU sensors will be the key growth-driving factor for this market, according to the new Fortune Business Insights™ report, titled “Antenna Transducer and Radome Market Size, Share and Industry Analysis by Component (Accelerometers, Gyroscopes, and Magnetometers), By Technology (Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS and Others), By Platform (Airborne, Ground, Marine/Naval, and Space), By End-use Industry (Aerospace & Defense, Consumer Electronics, Marine/Naval, Automotive and Others), and Regional Forecast, 2020 – 2027”. Inertial measurement units (IMUs) are a form of sensor technology that have the capability of calculating different parameters, including magnetic fields, angular rate, acceleration, direction, and speed, using three tools – magnetometer, gyroscope, and accelerometer. Owing to their enhanced capabilities, these devices are extensively used in military surveillance applications. For example, manned and unmanned aerial vehicles (UAVs) are equipped with IMUs for accurate calculation of altitude and relative position of the vehicle. This technology is also utilized as a supplement to GPS devices on account of their navigational abilities. Thus, these advantages of IMUs in various applications bode well for the progress of this market.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The report states that the market value stood at USD 11.13 billion in 2019. The other highlights of the report include:

Exhaustive evaluation of the various market drivers and trends;
In-depth analysis of the challenges facing the market;
Precise computation of market values and figures;
Careful segmentation of the market; and
Comprehensive study of the competitive milieu and regional prospects of the market.

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https://www.fortunebusinessinsights.com/antenna-transducer-and-radome-atr-market-102955

Market Driver

Availability of Advanced IMUs to Favor Market Growth

The utility of IMUs in military operations, especially in UAVs, has prompted companies in this domain to engineer advanced solutions pertaining to this technology. As a result, today, there is wide availability of next-gen IMUs in the market. For example, EMCORE’s Systron Donner Inertial provides solid-state micro-electromechanical systems (MEMS) IMUs for drones to operate in the harshest weather conditions. Similarly, France-based SBG Systems designs and supplies MEMS-driven inertial sensors for unmanned vehicles. The company’s Ellipse 2 Micro Series is its lightest and smallest IMU offering, designed to provide accurate positioning data for unmanned systems. Such advancements in inertial sensor technologies is expanding the scope and accelerating the IMU market growth in the process.

Regional Insights

North America to Lead the Charge; Asia-Pacific to Register Steady Growth

North America, with a market size of USD 6.70 billion in 2019, is poised to dominate the inertial measurement unit market share during the forecast period owing to the strong presence of IMU manufacturers in the region. Moreover, the US is the highest defense spender in the world and is known to use some of the most advanced weaponry and surveillance technologies. These factors provide the necessary fodder for the growth of this market in the region.

On the other hand, the market size in Asia-Pacific is anticipated to expand steadily on account of rising military spending in India and China. Other than this, the region is also experiencing surging usage of smartphones and other consumer electronics, which are the critical factors favoring market growth in the region.

Competitive Landscape

Growing Investment in R&D by Companies to Intensify Competition

Development of IMUs requires innovation in engineering techniques and therefore, most players in this market are ramping up their R&D investment to enhance their innovation capabilities. This is also enabling them to strengthen their position in this market, diversify their portfolio, and expand globally.

Industry Developments:

January 2020: The Japanese electronics company, TDK Corporation, launched a family of inertial measurement units called InvenSense, featuring high performance and fault-tolerance capacities. Conceived for industrial applications, the novel offerings can measure three dimensions of rotation rate and three dimensions of linear acceleration.
September 2019: Honeywell International, the US-based conglomerate, released HGuide, the company’s new world-class, lightweight, and low-cost IMU. The product is designed to withstand any environmental condition and caters to several application areas, including transportation, UAVs, surveying and mapping, robotics, and agriculture.