Europe Helicopter Landing Gear Market
The European aerospace industry is one of the region's most important high-tech industries. In Europe, approximately 2,000 aeronautics, space, and defense firms employ over 750,000 people and generate almost US$ 231 billion in revenue. Europe has a very strong position in the sector of big civil airplanes and helicopters. The sector is quickly expanding, and the focus on cost is becoming more intense, increasing non-European procurement. As a result, there are more options for developing country exporters to subcontract the manufacture of metal components for aerospace equipment, as long as the product quality and price fulfill the buyer's requirements. The aftermarket or maintenance, repair, and overhaul (MRO) business has become a significant component of the value chain for European helicopter manufacturers. MRO assists users by doing routine maintenance and updates as needed. For the maintenance of their helicopters, military agencies are establishing agreements with helicopter and component manufacturers. Also, composites being used extensively for manufacturing helicopter landing gear systems is among the other factors expected to fuel the demand for helicopter landing gear in Europe.
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.
Strategic insights for the Europe Helicopter 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,137.03 Million |
| Market Size by 2028 | US$ 1,537.07 Million |
| Global CAGR (2021 - 2028) | 4.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Helicopter 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.
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. The demand for technologically advanced landing gear systems that could reduce weight, minimize volume, increase performance, and decrease cost, is expected to fuel the future growth of Europe helicopter landing gear market. High strength composite materials, precise load estimation techniques, and active damping systems to reduce taxi loads are among the areas, which will lead the technological advancements in the helicopter landing gears. In addition to strengthening technical capabilities, landing gears for helicopters are getting robotic. With an aim to expand capabilities of parts used in helicopters, robotic landing gear was designed ahead of old launch pads. In old launch pads, the helicopters rely on pilots for landing; however, with the integration of robotic landing gear, the helicopter landing would become convenient. Development of advanced adaptive robotic landing gear is backed by Mission Adaptive Rotor (MAR) program of DARPA’s. The robotic landing gear on helicopter has been tested on uneven surfaces with slopes, adjusting their robotic legs based on feedback from the force sensors. Financial assistance for the development of high-tech landing gear for helicopters will positively fuel the demand during the forecast period.
The Europe helicopter landing gear market is segmented into Type, material, and application. Based on type, the helicopter landing gear are segmented into skids and wheeled. The skids segment held the largest market share in 2020. Based on material, the helicopter landing gear market is segmented into aluminum landing gear set, steel landing gear set, composite landing gear set, and titanium landing gear set. The composite landing gear set segment dominated the market in 2020. Based on application, the helicopter landing gear market is segmented into civil helicopter and military helicopter. Civil helicopter segment held the largest market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the helicopter landing gear market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are APPH; CIRCOR AEROSPACE, INC.; Dart Aerospace; Eurocarbon B.V.; LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH; Safran; ST ENGINEERING; Technodinamika; and Trelleborg Group.
The Europe Helicopter Landing Gear Market is valued at US$ 1,137.03 Million in 2021, it is projected to reach US$ 1,537.07 Million by 2028.
As per our report Europe Helicopter Landing Gear Market, the market size is valued at US$ 1,137.03 Million in 2021, projecting it to reach US$ 1,537.07 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.
The Europe Helicopter Landing Gear Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Helicopter Landing Gear Market report:
The Europe Helicopter Landing Gear Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Helicopter Landing Gear Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Helicopter Landing Gear Market value chain can benefit from the information contained in a comprehensive market report.
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