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

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

  • July 2021
  • 123 pages
  • ID: 6134637
  • Format: PDF
  • The Insight Partners

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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 helicopter sector is quite dynamic as it adapts quickly with the ever-changing market forces and customer needs. The macroeconomic trends across geographies shape the overall growth outlook of the aviation industry. With an increase in adoption of helicopters for military as well as commercial purpose, the production capabilities of the same are also getting boosted. As per the data released by the General Aviation Manufacturers Association (GAMA), in 2020, the military helicopters stood at 117 units, which includes helicopters of Airbus, Boeing, and Bell Helicopters, while piston and turbine helicopters stood at 709 units. Such massive units of helicopter production will positively contribute toward the demand for helicopter components including landing gear. Landing gear is among the essential subsystems of a helicopter, and it requires improved safety and smooth actuation; hence, standards and guidelines must be followed while developing landing gears. The growth of this market is attributed to the growing demand for both civil and military helicopters across the world. Countries such as Russia, France, and Germany have a large military base and high expenditure, which is positively encouraging the demand for military helicopters. Also, UK is experiencing high demand for civil helicopters for commercial purposes. Additionally, 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.
Based on application, the civil helicopters segment led the Europe helicopter landing gear market in 2020.The employment of helicopters in emergency medical services (EMS), search and rescue (SAR), and firefighting operations is expected to increase demand for civil helicopters.

In addition, the oil & gas industry is predicted to raise demand for rotorcraft for a range of offshore applications, resulting in a higher need for civil helicopter landing gears.To move fast through the air, civil helicopters like the H155, H225 from Airbus Helicopters and AW189 from AgustaWestland utilizes innovative technology and superb flight dynamics.

Air travel has become an indispensable mode of transportation, both for business and pleasure. Traditional modes of transportation, such as railways, have difficulty reaching remote regions, which has led to the development of alternative modes of transportation, resulting in growing demand for civil helicopters.
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.
The overall Europe 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 Europe 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 Europe helicopter landing gear market. APPH; CIRCOR AEROSPACE, INC.; Dart Aerospace; Eurocarbon B.V.; LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH; Safran; ST ENGINEERING; and Technodinamika; Trelleborg Group are among the key players operating in the Europe helicopter landing gear market.

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