India Commercial Fixed Wing Aircraft Landing Gear MRO Market Forecast to 2028 - COVID-19 Impact and Country Analysis by Gear Type (Nose Gear and Main Gear) and Activity (Single Overhaul and Non-Destructive Testing)
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$.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Market Projection Assumptions
3.5 Parameters for Exponential Growth in 2022 and 2023
4. India Commercial Fixed Wing Aircraft Landing Gear MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. India Commercial Fixed Wing Aircraft Landing Gear MRO Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Fleet of Commercial Aircraft
5.1.2 New Landing Gear MRO Demand from Large Wide Body Landing Gears
5.2 Key Market Restraints
5.2.1 Limited Capabilities in Fixed Wing Aircraft MRO Sector
5.3 Key Market Opportunities
5.3.1 Favorable Governmental Policies
5.4 Future Trends
5.4.1 New Vendors Expected to Venture into the Market
5.5 Impact Analysis of Drivers and Restraints
6. Commercial Fixed Wing Aircraft Landing Gear MRO Market – India Market Analysis
6.1 India Commercial Fixed Wing Aircraft Landing Gear MRO Market Overview
6.2 India Commercial Fixed Wing Aircraft Landing Gear MRO Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast to 2028 – Gear Type
7.1 Overview
7.2 India Commercial Fixed Wing Aircraft Landing Gear MRO Market, By Gear Type (2021 and 2028)
7.3 Nose Gear
7.3.1 Overview
7.3.2 Nose Gear: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast To 2028 (US$ Million)
7.4 Main Gear
7.4.1 Overview
7.4.2 Main Gear: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast To 2028 (US$ Million)
8. India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast to 2028 – Activity
8.1 Overview
8.2 India Commercial Fixed Wing Aircraft Landing Gear MRO Market, By Activity (2021 and 2028)
8.3 Single Overhaul
8.3.1 Overview
8.3.2 Single Overhaul: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast To 2028 (US$ Million)
8.4 A and B Checks
8.4.1 Overview
8.4.2 A and B Checks: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast To 2028 (US$ Million)
8.5 C and D Checks, Non-Destructive Testing
8.5.1 Overview
8.5.2 C and D Checks, Non-Destructive Testing: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast To 2028 (US$ Million)
9. India Commercial Fixed Wing Aircraft Landing Gear MRO Market – COVID-19 Impact Analysis
9.1 India: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
11. Company Profiles
11.1 Tentacle Aerologistix Pvt Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 AI Engineering Services Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 AAR Indamer Technics Pvt Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 InterGlobe Aviation Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 HaveUs Aerotech India Pvt Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Air Works India (Engineering) Pvt Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Horizon Aerospace Pvt Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Aerotek Sika Aviation Engineering Pvt Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. India Commercial Fixed Wing Aircraft Landing Gear MRO Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. List of Abbreviation
LIST OF FIGURES
Figure 1. India Commercial Fixed Wing Aircraft Landing Gear MRO Market Segmentation
Figure 2. India Commercial Fixed Wing Aircraft Landing Gear MRO Market Overview
Figure 3. India Commercial Fixed Wing Aircraft Landing Gear MRO Market, By Gear Type
Figure 4. India Commercial Fixed Wing Aircraft Landing Gear MRO Market, By Activity
Figure 5. Porter’s Five Forces Analysis
Figure 6. India Commercial Fixed Wing Aircraft Landing Gear MRO Market - Ecosystem Analysis
Figure 7. India Commercial Fixed Wing Aircraft Landing Gear MRO Market: Impact Analysis of Drivers and Restraints
Figure 8. India Commercial Fixed Wing Aircraft Landing Gear MRO Market, Revenue and Forecast and Analysis (US$ Million)
Figure 9. Market Positioning- Top Five Players
Figure 10. India Commercial Fixed Wing Aircraft Landing Gear MRO Market, By Gear Type (2021 and 2028)
Figure 11. Nose Gear: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Main Gear: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. India Commercial Fixed Wing Aircraft Landing Gear MRO Market, By Activity (2021 and 2028)
Figure 14. Single Overhaul: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. A and B Checks: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. C and D Checks, Non-Destructive Testing: India Commercial Fixed Wing Aircraft Landing Gear MRO Market Revenue and Forecast to 2028 (US$ Million)
- 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
- Aerotek Sika Aviation Engineering Pvt Ltd
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution