India Commercial Fixed Wing Aircraft Landing Gear MRO Market

The India commercial fixed wing aircraft landing gear MRO market is expected to grow from US$ 86.71 million in 2022 to US$ 134.75 million by 2028; it is estimated to grow at a CAGR of 7.6% from 2022 to 2028.

Market Introduction

Landing gears are among the main components of aircraft landing operations that require several checks, repair, periodic maintenance, and regular overhauling. It is mandatory to replace landing gears about every 8–12 years or after 18,000 cycles. The existing fleet of commercial aircraft is one of the major factors generating new opportunities for market vendors across India. According to the Boeing and Airbus forecasts, there will be more than 40,000 commercial aircraft deliveries by the end of 2041 across the world, which will subsequently boost aircraft deployments across India as more than 1,000 aircraft orders will be received from major OEMs such as Boeing and Airbus. This is further likely to boost the India commercial fixed wing aircraft landing gear MRO market size during the forecast period as the current operational fleet will be requiring landing gear maintenance, repair, and overhaul services for their respective airline operations.

Market Overview and Dynamics

The India commercial fixed wing aircraft landing gear is mainly driven by the existing fleet of aircraft across the country, i.e., ~713 commercial aircraft, as per the Center for Asia Pacific Aviation (CAPA). India does not have many vendors that can cater to the landing gear MRO for the country’s commercial fixed wing aircraft fleet. Hence, most of the domestic demand for Indian MRO services is mainly fulfilled by foreign MRO companies, which is one of the major restraining factor for the growth of the India commercial fixed wing aircraft landing gear size.

The demand for non-destructive testing in the India commercial fixed wing aircraft landing gear MRO market is growing as the rising aircraft fleet requires regular and periodic maintenance checks, repairs, and overhauls (if required). Further, as aircraft operations have already resumed after the COVID-19 pandemic, almost every grounded aircraft needs several maintenance checks and other MRO operations in order to ensure the overall operational efficiency and proper functioning of the aircraft components for continuing the flight operations. In addition, the landing gear is one of the critical components of an aircraft that handles the overall landing operations of an aircraft during the flight. Therefore, regularly maintaining the aircraft landing efficiency through related component checks is necessary. This has driven the India commercial fixed wing aircraft landing gear MRO market during the FY 2021–2022.

Moreover, the new government policies and projects, such as the “Make in India” initiative, are supporting the interest of FDI companies to invest in the country’s MRO sector, which is another major factor likely to generate new competitive opportunity for market vendors during the forecast period. Similarly, the government’s aim to make the country an Aviation MRO Hub by the end of 2040 is another major factor likely to drive the India commercial fixed wing aircraft landing gear MRO market growth during the forecast period.

Key Market Segments

India commercial fixed wing aircraft landing gear MRO market, by activity, is segmented into single overhaul and non-destructive testing. The non-destructive testing segment dominated the market in 2021. The NDT involves all types of MRO activities such as periodic maintenances, regular checks, inspection, analysis, and repairing of landing gear components across the narrow body and wide body fleet of aircraft. The NDT activities included in the scope of the study include corrosion prevention, acoustic testing, and liquid penetration inspection. The landing gear bears a lot of loads during its takeoff and landing operations, which is why it requires many checks of every component before its takeoff and landing operations. Moreover, the need for several types of checks such as cracks, leakages, hydraulic functioning, retracting mechanism such as the motors and wiring is another major factor generating the demand for non-destructive testing operations of the aircraft landing gear across Indian commercial aircraft fleet.

Further, several other checks are conducted during the aircraft landing gear operations such as residual strength testing that allows to check the mechanical load that a damaged landing gear can still carry without failing. The rising commercial aviation operations across Indian aviation sector due to rising passenger traffic is boosting the aircraft operations across the region. This in turn is generating new market opportunities for landing gear MRO market vendors across the country. Moreover, the rising aircraft fleet across India and increasing number of long run international flights is leading to requirements of several NDT testing of landing gear components before the takeoff operations of any commercial flight. Such factors are catalyzing the India commercial fixed wing aircraft landing gear MRO market growth for non-destructive testing (NDT) segment.

Major Sources and Companies Listed

Tentacle Aerologistix Pvt Ltd, AI Engineering services Ltd, AAR Indamer Technics Pvt Ltd, InterGlobe Aviation Ltd, Haveus Aerotech India Pvt Ltd, Air Works India (Engineering) Pvt Ltd, Horizon Aerospace Pvt Ltd, and Aerotek Sika Aviation Engineering Pvt Ltd are some of the key India commercial fixed wing aircraft landing gear MRO market players. Various other companies are also introducing new technologies and offerings, helping the India commercial fixed wing aircraft landing gear MRO market players expand their business in terms of revenue.

Reasons to Buy Report

• To understand the India commercial fixed wing aircraft landing gear MRO market landscape and identify market segments that are most likely to guarantee a strong return.
• To stay ahead of the race by comprehending the ever-changing competitive landscape for the India commercial fixed wing aircraft landing gear MRO market analysis.
• To efficiently plan M&A and partnership deals in the India commercial fixed wing aircraft landing gear MRO market analysis by identifying market segments with the most promising probable sales.
• To make knowledgeable business decisions from the perceptive and comprehensive analysis of the market performance of various India commercial fixed wing aircraft landing gear MRO market segments.
• To obtain revenue forecast for the market by various segments from 2022 to 2028 in US$.

India Commercial Fixed Wing Aircraft Landing Gear MRO Strategic Insights

Strategic insights for the India Commercial Fixed Wing Aircraft Landing Gear MRO 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.

India Commercial Fixed Wing Aircraft Landing Gear MRO Report Scope

India Commercial Fixed Wing Aircraft Landing Gear MRO Regional Insights

The geographic scope of the India Commercial Fixed Wing Aircraft Landing Gear MRO 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.