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Asia Pacific Helicopter Landing Gear Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Material, and Application

Asia Pacific Helicopter Landing Gear Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Material, and Application

  • July 2021
  • 118 pages
  • ID: 6134583
  • Format: PDF
  • The Insight Partners

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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. 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 APAC 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. Additionally, range of MRO (maintenance, repair, and overhaul) facilities expanding is among the other factors expected to fuel the demand for helicopter landing gear in APAC.
Based on application, the military helicopters segment led the APAC helicopter landing gear market in 2020.A military helicopter is a helicopter that has been constructed or adapted expressly for military usage.

The purpose of a military helicopter is determined by its design or conversion.Military helicopters are mostly used to carry personnel, but they may also be adapted or altered to undertake additional duties including combat search and rescue (CSAR), medical evacuation (MEDEVAC), airborne command post, or even equipped with weaponry to strike ground targets.

Increased military expenditures, fueled by rising political and geographic tensions, have resulted in increased procurement of military helicopters in nations such as India, Australia, UAE, and many others to boost their combat capabilities. This, in turn, is expected to boost the demand for landing gear for military helicopters.
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.
The overall APAC helicopter landing gear market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the APAC helicopter landing gear market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the APAC helicopter landing gear market. CIRCOR AEROSPACE, INC.; Dart Aerospace; LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH; Safran; Sika Interplant Systems Limited; ST ENGINEERING; and Trelleborg Group are among the key players operating in the APAC helicopter landing gear market.

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Helicopter Landing Gear Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Material, and Application

  • $ 4550
  • May 2021
  • 150 pages

The helicopter landing gear market was valued at US$ 3,562.3 million in 2020 and is projected to reach US$ 4,826.3 million by 2028; it is expected to grow at a CAGR of 3.87% during 2020-2028. Landing ...

  • World
  • Europe
  • Helicopter
  • Industry analysis
  • Helicopter Production
  • Defense Expenditure

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