Asia Pacific Aircraft Landing Gear Market to Reach US$ 4.11 Bn at a CAGR of 9.3% in 2027

Asia-Pacific's aircraft landing gear market is expected to grow from US$ 1.86 Bn in 2018 to US$ 4.11 Bn by the year 2027. This represents a CAGR of 9.3% from the year 2018 to 2027.

The APAC region has tremendous growth potential with fast-growing countries like China and India and developed nations such as Japan. The region is expected to grow at around 5% to 6% this year and accounts for two-thirds of global growth. A huge middle-class population and a strong growth in middle-class spending, coupled with a wide range of income levels, are some of the factors that influence the aviation industry in the Asia Pacific region. The presence of a large number of dynamic and developing economies in APAC, especially in South East Asia, positively influence growth in the aviation industry.

As per the data from IATA, currently, the Asian region accounts for 40% of the global air cargo traffic. In the year 2018, the passenger traffic in the region rose 7.3% as compared to 2017, which has been majorly propelled by economic expansions of Asian countries. Boeing Co., Airbus are some of the prominent aircraft manufacturers that have planned to set their manufacturing bases in South East Asian countries of Malaysia, Thailand, and Singapore, further building opportunities for the aerospace components sales. Further, policymakers and regulators in the Asia Pacific region are taking initiatives to create favorable growth and investment opportunities for various industries

Currently, China is dominating the aircraft landing gear market in terms of installation, which in turn boosts the demand for aircraft landing gear market. China is one of the world’s largest aerospace manufacturing sector only behind the US, which it aims to overtake by the year 2022 through its "Made in China 2025" initiative. Further, industry experts and analysts have forecasted a demand of over 7,000 airplanes from China in the next two decades to come. In-house manufacturing would display the technological prowess of China in the global arena and steer the country away from all the political tensions. Hence, aerospace manufacturing is expected to become the fulcrum of Chinese manufacturing. Under the initiative, China has aimed at capturing close to 10% of the global commercial aircraft market, and 10-20% of the global, regional jetliners market. The growing aviation industry in China is expected to support the growth of the defense expenditure of the country amounted to US$ 63.8 Bn in 2018, out of which close to 50% of the budget share was allocated for equipment manufacturing. France is the second-largest exporter of aerospace equipment globally after the US. All these factors put together bring ample opportunities for aircraft landing gear in the region. The figure is given below highlights the revenue share of Rest of Asia-Pacific in the Asia-Pacific aircraft landing gear market in the forecast period:

Rest of Asia-Pacific Aircraft Landing Gear Market Revenue and Forecasts to 2027 (US$ Mn)

Aircraft Landing Gear Market revenue share of Rest of Asia-Pacific in the forecast period 2027

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Asia Pacific Aircraft Landing Gear Strategic Insights

Strategic insights for the Asia Pacific Aircraft Landing Gear provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia Pacific Aircraft Landing Gear Report Scope

Report Attribute	Details
Market size in 2018	US$ 1.86 Billion
Market Size by 2027	US$ 4.11 Billion
Global CAGR (2018 - 2027)	9.3%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Aircraft Type Airplanes Helicopters By Gear Arrangement Tricycle Tandem Tail Wheel By Type Main Nose By End-User Commercial Armed Forces
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	AAR Corp. Circor International, Inc. Collins Aerospace GKN Aerospace Services Limited Honeywell International Inc. Liebherr Group Magellan Aerospace Corporation SAFRAN S.A. Sumitomo Precision Products Co., Ltd. Triumph Group Inc.

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Asia Pacific Aircraft Landing Gear Regional Insights

The geographic scope of the Asia Pacific Aircraft Landing Gear refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.