Password Management Market Is Anticipated to Witness Higher Demands Till 2025

The global password management market size is expected to reach USD 2.05 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 19.4% during the forecast period. Increasing complexity of compliance, regulatory, and risk management environment in businesses are promoting the implementation of password management solutions across several industries worldwide. In addition, strict and complex password creation rules and mandates by governments are playing a vital role in shaping future of the market.

With upswing in the number of transactions sent via internet every day, it has become more imperative to follow secure and safe password management practices. Passwords help in protecting online information such as emails, bank accounts, medical records, and more. Breaches that occurred in 2015 with various enterprises such as Home Depot, Target, TJX, and Heartland Payment systems helped in creating widespread awareness regarding significance of using unique passwords for each online account. Most security professionals recommend use of password management applications as the most secure and practical way for people to follow safe password practices.

Password management use is not only restricted to enterprises, but also helpful to individual users as it is a security tool for their accounts and devices. Additionally, it is widely used by end-users to audit, secure, monitor, and manage all the activities associated with privileged accounts.

Mobile device password management is poised to post the highest CAGR of 19.8% between 2017 and 2025. These solutions help organizations secure mobile devices, including tablets and smartphones, from threats. Password security applications help in securing the devices even in offline mode in absence of internet connection.

U.S. password management market

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Further key findings from the report suggest:

  • Desktops & laptops emerged as the largest access type segment in 2016 and is estimated to contribute more than 35.0% of the overall market revenue by 2025
    • Global demand for password management solutions in mobile devices amounted to USD 113.3 million in 2016 and is anticipated to witness phenomenal growth over the coming years
  • The U.S. enterprise market for password management was USD 80.1 million in 2016
  • The market in Asia Pacific is projected to witness substantial growth over the forecast period owing to various developments across major economies, especially in terms of emergence of Internet of Things (IoT) and BYOD trends. The regional market is expected to exhibit a CAGR of 20.9% from 2017 to 2025
  • Key players including CA Technologies, Quest Software, NetIQ, and SailPoint Technologies dominated the global password management market while accounting for over 19% of the total revenue in 2016.

Grand View Research has segmented the global password management market on the basis of type, access type, organization, end user, and region:

Password Management Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Self-service password management
  • Privileged user password management

Password Management Access Outlook (Revenue, USD Million, 2014 – 2025)

  • Mobile devices
  • Desktops & laptops
  • Voice enabled password systems
  • Others

Password Management Organization Outlook (Revenue, USD Million, 2014 – 2025)

  • Small & medium organization
  • Enterprise

Password Management End user Outlook (Revenue, USD Million, 2014 – 2025)

  • BFSI
  • Education
  • Healthcare
  • Manufacturing
  • Public sector & utilities
  • Retail & wholesale distribution
  • Telecom & IT
  • Others

Password Management Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Agriculture Equipment Market Is Forecast to Reach Beyond $244.2 Billion by 2025

The global agriculture equipment market size is expected to reach USD 244.2 billion by 2025, expanding at a CAGR of 8.9% from 2019 to 2025, according to a study conducted by Grand View Research, Inc. Rising population has escalated demand for food and has pressurized the agriculture sector to be increasingly efficient and productive. Additionally, increased mechanization in the agriculture sector, rise in demand for agricultural products, and need for profitability and operational efficiency are some of the factors anticipated to drive the agricultural machinery market demand over the forecast period.

Rise in adoption of technology-driven equipment and machinery such as robotics is also anticipated to drive the farm machinery market demand over the forecast years. Farmers in developed regions are adopting modern technologies such as drones, moisture sensors, GPS enabled devices, self-driving tractors, smart irrigation, and terrain contour mapping to increase farm yield and address soaring food demand. Such technological advancements are fuelling the espousal of farm equipment across the globe.

The farm machinery market is also estimated to be driven by increasing sales in developing nations such as India, China, and Brazil, as these countries continue to mechanize their agricultural sectors. Furthermore, strong economic growth and population expansion are expected to impose pressure on the agriculture sectors to be more competent, thus increasing sales.On the down side, high cost of agricultural machinery and financial crisis faced by farmers are some of the major challenges hindering market growth.

The agriculture equipment market is highly competitive and fragmented owing to the presence of few prominent players, along with several medium- and small-scale players accounting for the market share. The key players in the market include John Deere, AGCO, Mahindra & Mahindra, CNH Industrial N.V., Iseki & Co., Ltd., and Kubota.

Several leading vendors are investing in R&D in order to develop innovative equipment and maintain a strong foothold in the market. For instance, in April 2017, Mahindra & Mahindra Limited launched its 24hp 4WD small tractor. It has been available in the Indian market since April 2017. The tractor caters to row cropping and horticulture applications, is capable of lifting up to 750 kg, and is equipped with automatic depth & draft control (ADDC) features.

Asia Pacific agriculture equipment market

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Further key findings from the study suggest:

  • The global agricultural equipment market is expected to register a CAGR of 8.9% from 2019 to 2025, due to technological advancements in agriculture automation and robotics as well as ever-increasing population
  • Growing number of government initiatives in developing countries, especially China and India, to enhance agricultural productivity is expected to further spur sale of farm equipment over the forecast period
  • By product, the tractors segment held the dominant share of over 25.0% in 2018, which is accredited to the fact that farmers are increasingly preferring tractors to increase production and restrict dependency on farm labor
  • On the basis of application, the harvesting and threshing segment is anticipated to witness significant growth over the forecast period and is expected to exceed a CAGR of 10.0% from 2019 to 2025
  • The Asia Pacific market is projected to expand at a CAGR of over 9.0%, owing to its existing and improving infrastructure levels, alternative sales channels, and government support
  • Key players in the market include John Deere, AGCO, Mahindra & Mahindra, CNH Industrial N.V., Iseki & Co., Ltd., and Kubota.

Grand View Research has segmented the global agriculture equipment market based on product, application, and region:

Agriculture Equipment Product Outlook (Revenue, USD Billion, 2014 – 2025)

  • Tractors
  • Harvesters
  • Planting Equipment
    • Row Crop Planters
    • Air Seeders
    • Grain Drills
    • Others
  • Irrigation & Crop Processing Equipment
  • Spraying Equipment
  • Hay & Forage Equipment
  • Others

Agriculture Equipment Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • Land Development & Seed Bed Preparation
  • Sowing & Planting
  • Weed Cultivation
  • Plant Protection
  • Harvesting & Threshing
  • Post-harvest & Agro Processing

Agriculture Equipment Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Netherlands
    • Spain
    • Denmark
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • South Korea
    • Taiwan
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Connected Car Market Estimated to Cross $180.30 Billion by 2022

The global connected car market size is expected to reach USD 180.30 billion by 2022, according to a new study by Grand View Research, Inc. Surging consumer demand, constant need for connectivity, increased dependency on technology and the growing number of tech-savvy people are some of the factors expected to boost global connected car market growth.

Connected cars offer connectivity on wheels providing comfort, performance along with safety and security. Such an advanced technology enables the driver and passengers to connect with various online platforms that facilitate real-time communication on the go.

The connected car market has the potential to significantly boost revenues of automobile manufacturers over the next five to seven years. Car manufacturers are expected to deliver the right mix of application and product packages for the right customers, and must systematically invest in R&D if they are willing to maintain their technological leadership.

Increasing regulations by governments and transportation authorities for the installation of advanced safety and vehicle to vehicle communications systems are expected to positively impact industry growth.

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Further key findings from the study suggest:

  • Safety applications dominated the global connected car industry, accounting for over 34% of the share in 2014. The inclusion of safety technologies such as danger warning systems, automatic emergency calling, blind spot alerts, anti-collision systems that prevent accidents in automobiles has made modern cars safer and accident-proof. This is expected to result in an overall reduction in road mishaps and accidents thus reducing the overall on road fatalities.
  • Growing at a CAGR of over 31% from 2015 to 2022, driver assistance systems are expected to gain prominence over the forecast period. Recent advancements in driver assistances systems such as Volkswagen’s Emergency Assist, that automatically applies the brakes and stops a car in case of an emergency and BMW’s autonomous parking valet, that automatically parks a car even after the passenger’s exit have set benchmarks for driver assistance systems in the connected vehicle industry.
  • Asia Pacific is expected to grow at a CAGR of over 29% over the forecast period due to considerable automobile demand in the region coupled with a relatively untapped market for sophisticated automotive communications in the region. Countries such as China and India are expected to drive the industry growth during the next seven years. Automobile manufacturers and technology giants across the world are striving hard to provide advanced vehicle management and safety technologies in the budget car segment as well. Regulation by the European department of transportation in association with the governments have mandated the installation of eCall emergence calling systems and other advanced telematics systems for safety purposes in all new vehicles manufactured after the year 2014.
  • Technological and product innovations have driven the highly dynamic market. Industry participants include major automobile manufacturers and telecommunication giants such as Audi AG, Alcatel Lucent, Apple Inc, BMW, Ford Motors, and Google Inc. Manufacturers resort to mergers, acquisitions and strategic alliances with technological and network service providers as their key growth strategy to make their presence felt in the industry.

Grand View Research has segmented the global connected car market on the basis of application and region:

Connected Car Application Outlook (Revenue, USD Billion, 2012 – 2022)

  • Vehicle Management
  • Driver Assistance
  • Mobility Management
  • Safety
  • Entertainment
  • Others

Connected Car Regional Outlook (Revenue, USD Billion, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Process Spectroscopy Market Anticipated to Cross $25.10 Billion by 2025

The global process spectroscopy market size is estimated to reach USD 25.10 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.5% during the forecast period. Growing efforts in the pharmaceutical industry to undertake advanced research and development is leading to increased adoption of various spectroscopy techniques over the forecast period.

The technology is anticipated to witness healthy growth owing to rising awareness regarding the importance of product quality among industries. Reducing operational expenditure is another factor expected to drive the market over the forecast period. Furthermore, significant R&D activities are undertaken, which have led to several drug discoveries. Increasing number of drug discovery processes is leading to a greater number of treatment options for various diseases. Treatment options include drugs as well as non-drug therapies such as surgeries and radiations.

Surging demand for spectroscopic techniques and related equipment installations across the globe are poised to augment the market over the forecast period. The process spectroscopy market is likely to witness tremendous growth over the forecast years, owing to increasing awareness of quality spectroscopic devices among end-use industries.

Technological advancements necessitate matching international quality standards, such as ISO or Six Sigma, and cost- & time-saving approaches of companies are encouraging adoption of process spectroscopic instruments. Increasing availability of counterfeit products in the market are mandating governments globally to educate masses about quality products and quality standards.

Molecular spectroscopy is a technology that is widely adopted across different application sectors including pharmaceuticals and food & agriculture. The molecular spectroscopy segment held the largest share in the market in 2017 and is projected to maintain its dominance over the forecast period.

Additionally, the Raman spectroscopy technology is gaining popularity across the agricultural sector owing to its ability to allow non-destructive extraction of chemicals and physical information about samples of fruits, vegetables, and food grains and it helps in rapid analysis of these food items. Hence, these advantages of spectroscopic techniques are attracting new applications across the food & agricultural sector, ultimately fostering the growth of the global process spectroscopy market.

Although, the considerable initial investment required for installation of spectroscopic equipment have forced industry players to pass the cost onto consumers, thereby increasing prices of process spectroscopic instruments. However, emergence of cost-effective technologies in the coming years can lead to reduction in prices of these instruments.

U.S. process spectroscopy market

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Further key findings from the report suggest:

  • Several law enforcement authorities and government regulatory bodies imposed for betterment of product quality in the food & agriculture sector are encouraging the manufacturing & packaging industries to adopt measures to meet imposed specifications
  • The adoption of various spectroscopic techniques is expected to rise significantly over the forecast period in the pharmaceutical and food & agriculture segments
  • The Asia Pacific market is estimated to witness tremendous growth over the forecast period
  • The key industry participants include ABB Group, Buchi Labortechnik AG, Danaher Corporation, Shimadzu Corporation, and Sartorius AG
  • The prominent strategies followed by large market players include signing partnerships or distribution agreements and mergers & acquisitions along with enriching their portfolios by involving in intense R&D practices.

Grand View Research has segmented the global process spectroscopy market based on technology, application, component, and region:

Process Spectroscopy Technology Outlook (Revenue, USD Billion, 2014 – 2025)

  • Molecular Spectroscopy
    • Near Infrared (NIR)
    • Fourier-Transform Infrared (FT-IR)
    • Raman
    • Nuclear Magnetic Resonance (NMR)
    • Others
  • Mass Spectroscopy
  • Atomic Spectroscopy

Process Spectroscopy Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • Polymer
  • Oil & Gas
  • Pharmaceuticals
  • Food & Agriculture
  • Chemicals
  • Water & Wastewater
  • Pulp & Paper
  • Metal & Mining
  • Others

Process Spectroscopy Component Outlook (Revenue, USD Billion, 2014 – 2025)

  • Hardware
  • Software

Process Spectroscopy Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • Japan
    • India
  • South America
    • Brazil
  • Middle East & Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Leisure Boat Market Valuation to Excel USD 51.37 Billion by 2025

The global leisure boat market size is anticipated to reach USD 51.37 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 4.3% during the forecast period.

The tourism industry has been changing drastically in recent times with increasing popularity of marine and coastal tourism activities. The world economy is experiencing a healthy growth and markets such as U.S. are rapidly recovering from the 2008 economic crisis, which, in turn, has resulted in a rise in consumer disposable income. There is also an increase in number of High Net Worth Individuals (HNWIs) across the globe, which has resulted in a surge in expenditure on leisure activities, thus leading to a boost in demand for recreational boats.

Increasing number of boat shows and water sporting events are attracting a large number of boaters. Top manufacturers are sponsoring boat shows and events, which, in turn, is enhancing the popularity of leisure boats. A large number of people are participating in luxury boating activities, especially in European and North American countries, which is expected to further boost the market in these regions.

A number of technological modifications are taking place in boat building, such as adoption of IoT technology that enables appliances, physical structures, vehicles, smartphones, wearable devices, and heavy equipment to be connected to each other, while facilitating an exchange of information through a single network. A connected boat provides enhanced safety, security, and accuracy, while also improving efficiency by digitalizing and optimizing various functions. Additionally, use of new boating building materials and increase in R&D expenditure by boat manufacturers are driving the growth of the leisure boat market.

Measures taken by various governments to promote tourism activities in their countries are further boosting the market. Countries with rich natural resources such as vast coastlines and large inland water bodies are undertaking initiatives to promote recreational boating activities. U.S. has a rather long coastline, in addition to highly developed infrastructure and a large population that participates in leisure boating activities. This opens up new growth opportunities for the leisure boat market. The French government is encouraging yacht manufactures by providing them support in various forms, thus enabling companies to invest in expanding their yacht maintenance and construction capacities.

Growing popularity of marine tourism, rise in number of government initiatives, and increasing sales of recreational boats in developing economies such as India and China are expected to drive demand over the forecast period. Measures taken by the Chinese government for development of yachting as a recreational activity as well as development of marinas in coastal regions have boosted the growth of the Chinese leisure boat market.

Leisure Boat Market

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Further key findings from the report suggest:

  • Leisure boats are projected to witness a strong demand owing to changing economic situations and rise in consumer disposable income across the world
  • Sports yachts are expected to record a high demand in developed countries owing to active participation of people in recreational boating activities and marine sporting events
  • Implementation of IoT technologies, GPS mapping, and smart sensors in boats increases safety and security of the boat, which, in turn, is expected to increase demand for recreational boats over the forecast period
  • Boat manufacturers are focusing on promotional activities and boating events to attract more buyers in many developed as well as developing countries
  • In 2016, North America dominated the global market in terms of revenue and was valued at USD 16.60 billion
  • Key players in the market include Avon Marine; Azimut Benetti S.p.A.; Baja Marine; Bavaria Yachtbau GmbH; Bombardier Recreational Products (BRP) Inc.; Brunswick Corporation; and Chaparral Boats, Inc.

Grand View Research has segmented the global leisure boat market on the basis new leisure boat, used leisure boat, equipment, and region:

Leisure Boat New Leisure Boat Outlook (Revenue, USD Billion, 2014 – 2025)

  • Motorized/power boats
    • Personal watercrafts
    • Outboard boats
    • Yacht
      • Yacht Type
        • Super yachts
        • Flybridge yachts
        • Sport yachts
        • Long-range yachts
        • Others
      • Yacht Length
        • Up to 20 ft.
        • 20-50 ft.
        • Above 50 ft.
    • Others
  • Non-motorized boats
    • Kayaks
    • Canoes
    • Others

Leisure Boat Used Leisure Boat Outlook (Revenue, USD Billion, 2014 – 2025)

  • Motorized/power boats
    • Personal watercrafts
    • Outboard boats
    • Yacht
      • Yacht Type
        • Super yachts
        • Flybridge yachts
        • Sport yachts
        • Long-range yachts
        • Others
      • Yacht Length
        • Up to 20 ft.
        • 20-50 ft.
        • Above 50 ft.
    • Others
  • Non-motorized boats
    • Kayaks
    • Canoes
    • Others

Leisure Boat Equipment Outlook (Revenue, USD Billion, 2014 – 2025)

  • Boat and yacht monitoring solutions
  • IoT sensors
    • Water detection sensor
    • Voltage meter
    • Temperature and motion sensor
    • Others
  • Telematics solutions
  • Others

Leisure Boat Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Sweden
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Architectural Services Market Is Anticipated to Witness Higher Demands Till 2025

The global architectural services market is expected to reach USD 391.97 billion by 2025, according to a new report by Grand View Research, Inc. Increasing investments in construction sector has been a major factor driving market growth. Some major technological innovations in the market such as use of advanced designing and planning software’s have contributed largely to the market growth.

Due to the significant advancements in the level of building design, along with regulations and policies, the architectural services will witness a spur in the demand for highly technical design development along with accurate drafting services. This would initiate the demand for contractual service offerings. These contractual services will combat the complicated mechanical and electrical requirements and will also need high level analysis of pre-design services.

Residential sector accounted for a major shareholder in architectural services market, however Government sector is anticipated to grow substantially at a CAGR of 9.1% by 2025. Increasing investments by various government bodies across the world especially in projects such as smart cities, public transportation and subsidised home projects are driving the market growth for architectural services in government sector.

In 2016, Asia Pacific region accounted for maximum market share followed by Europe. Middle East and Africa region is anticipated to grow fastest over the forecast period, owing to increasing number of mega construction projects in the region.

U.S. architectural services market

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Further key findings from the report suggest:

  • Global demand for construction and project management architectural services was USD 107.61 billion in 2016 and is anticipated to witness staggered growth over the next nine years
  • The architectural services in education sector is anticipated to grow at CAGR of 8.0% over the forecast period.
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to various developments across major economies, especially in urban planning services market. The regional market is expected to grow at a CAGR of 3.6% from 2017 to 2025.
  • Key players including AECOM, Aedas, Gensler, IBI Group Inc., Nikken Sekkei dominated the global architectural services market while accounting for over 35% of the total revenue in 2016

Grand View Research has segmented the global architectural services market report on the basis of product & services, end user and region:

Architectural Services Product and Service Type Outlook (Revenue, USD Billion, 2014 – 2025)

  • Architectural Advisory Services
  • Construction and Project Management Services
  • Engineering services, Interior Design Services
  • Urban Planning Services
  • Others

Architectural Services End-User Outlook (Revenue, USD Billion, 2014 – 2025)

  • Education
  • Government
  • Healthcare
  • Hospitality
  • Industrial
  • Residential
  • Retail
  • Others

Architectural Services Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • Sweden
  • Asia Pacific
    • China
    • India
    • Japan
    • South korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Commercial Aircraft Landing Gear Market Anticipated to Achieve Lucrative Growth by 2025

The global commercial aircraft landing gear market is expected to reach USD 9.63 billion by 2025, according to a new report by Grand View Research, Inc. The growing income levels of the middle-class population and rising affordability have resulted in air travel to become the preferred choice of travel. Airlines are increasingly making efforts to expand their fleet size to address the growing demand for air travel effectively. The growth in fleet size is anticipated to drive the global commercial aircraft landing gear market over the forecast period.

The replacement of aging landing gear components in existing aircraft fleet by advanced systems is expected to impact the growth positively. The surging demand for retrofitting of landing gear systems/components is mainly driven by an increase in airline traffic, which requires frequent upgrading of such systems. Aircraft manufacturers across the globe are investing heavily towards the adoption of new efficient systems in modern aircraft to avoid service failure and accidents, as well as increase the overall longevity.

A new class of systems is being developed, which is adaptive to various landing situations. The use of controllable fluid devices, such as Magnetorheological (MR) and Electrorheological (ER) shock absorbers, are some of the new technologies used for innovative landing gears’ development. The research for new materials for aerospace applications is gaining traction. These materials are being developed to accomplish weight reduction, durability, cost economies, robustness, and environmental responsibility.

Increasing environmental concerns, airspace modernization, and new rules and regulations pertaining to airplane component specifications have significantly contributed to the retirement of the older fleet of airplanes. The aerospace industry has incorporated additive manufacturing throughout all functions and processes, from design concept to repair applications. The increasing success of this has gradually resulted in it being a multipurpose technology.

U.S. commercial aircraft landing gear market

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Further key findings from the report suggest:

  • Electronically controlled anti-skid braking systems are replacing traditional electro-mechanical antiskid systems as the former enhance the efficiency during touchdown
  • Main landing gears are anticipated to remain as the highest revenue generating segment over the forecast period as they are regarded to be one of the vital systems used to support the aircraft during takeoffs and landings
  • Wide-body aircraft are now being used into domestic routes as well, owing to their lower operational costs and higher profit margins
  • Actuation systems are projected to witness the highest growth over the forecast period owing to the increasing demand for contemporary electronic actuation systems to overcome issues of fire hazard and leakage
  • Asia Pacific is anticipated to emerge as the fastest growing region over the next eight years primarily due to substantial growth in the commercial aviation sector across developing nations, such as India, Malaysia, and China

Grand View Research has segmented the global commercial aircraft landing gear market on the basis of gear position, component, aircraft type, arrangement type and region:

Gear Position Outlook (USD Million, 2014 – 2025)

  • Main Landing Gear
  • Nose Landing Gear

Component Outlook (USD Million, 2014 – 2025)

  • Landing Gear Steering System
  • Wheel & Brake System
  • Actuation System
  • Others

Aircraft Type Outlook (USD Million, 2014 – 2025)

  • Narrow-Body
  • Wide-Body
  • Regional Jet
  • Others

Arrangement Type Outlook (USD Million, 2014 – 2025)

  • Tricycle
  • Tandem
  • Tailwheel

Regional Outlook (USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.