by The e-corner system offers primary guidance and protection for aircraft landing gear during the crucial landing and take-off phases of flight. Consisting of sophisticated hydraulic and electromechanical systems, e-corners enable smooth steering of the main landing gear whilst taxiing. This improves fleet maneuverability and safety. Their electrification has considerably reduced maintenance needs compared to legacy hydraulic designs. The global market has witnessed strong growth led by increasing commercial and military aircraft deliveries worldwide. Original equipment manufacturers have also prioritized upgrading older jets with advanced e-corner technology to extend airframe life cycles in a cost-effective manner.
The global E Corner System Market was to be valued at US$ 2.28 billion in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by CoherentMI.
Market Key Trends:
One of the key trends in the E Corner System Market is the increasing focus on developing more electric landing gear systems. Various aircraft manufacturers are aiming to replace hydraulic components in aircraft landing gear systems with more electric actuators and motors to make them more energy efficient. For instance, in 2022, Safran announced plans to develop an electromechanical braking and steering actuation system called “eBrake” which will replace hydraulic components in aircraft landing gear. Such developments are expected to drive the demand for advanced e-corner systems during the forecast period.
Porter’s Analysis:
Threat of new entrants: The threat of new entrants is moderate. While setting up operations require high initial investments, established companies possess brand loyalty and economies of scale which deter new players.
Bargaining power of buyers: The bargaining power of buyers is high as there are many established players providing similar products. Buyers can negotiate on price and quality.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. While raw material suppliers wield pricing power, companies can tap alternative supply sources to counter this.
Threat of new substitutes: The threat of substitutes is low as E Corner System offers unique value proposition. However, new technologies may pose future threats.
Competitive rivalry: Competition in the market is high as players compete on pricing, quality and innovation to gain market share.
E-Corner System Market Segmentation:
- By Component Type
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- Antenna
- Transponder
- Amplifier
- Frequency Converter
- Diplexer
- Multiplexer
- Others (Modulator, Demodulator, etc.)
- By Satellite Type
-
- LEO
- MEO
- GEO
- Others (HEO, Elliptical, etc.)
- By End-use Industry
-
- Commercial
- Government & Military
- Others (Academic, Non-profit, etc.)
- By Application
-
- Communication
- Earth Observation & Remote Sensing
- Science & Exploration
- Navigation & Mapping
- Surveillance & Security
- Others (Weather forecasting, etc.)
Key Takeaways:
The global E Corner System Market Size is expected to witness high growth. The global E Corner System Market is estimated to be valued at US$ 2.28 billion in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030.
Regional Analysis: The Asia Pacific region is currently the largest market for E Corner Systems accounting for over 35% of the global market share in 2023. China dominates the APAC market due to massive investments in infrastructure and real estate sectors. Countries like India are also contributing to growth.
Key Players: Key players operating in the E Corner System market are Beijing Aero, Dezhou Dongchuang and Anji Xinrui Intelligence Technology. Beijing Aero holds the largest market share due to its wide geographic presence and innovative solutions.
*Note:
1. Source: CoherentMI, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
