Title: Aerospace Landing Gear Market share research by applications and regions for 2017-2024
1Aerospace Landing Gear Market Price, Trends,
Industry Outlook Forecast 2017-2024
2Key Insights from Aerospace Landing Gear Market
- Aerospace Landing Gear Market size is anticipated
to grow significantly from 2017 to 2024.
Increasing aircraft deliveries from regional
airliners, especially in MEA and Asia Pacific
coupled with rising procurement of UAVs and
fighter aircrafts for military programs will
primarily drive the industry growth. - Aerospace modernization, stringent regulations
regarding specifications of aircraft components,
and environmental concerns have contributed
significantly towards the retirement of old
aircraft fleet. - Aircraft landing gears have high life-span and
possess lesser probability to get damaged. This
leads to reduction of overall replacement needs
of the product, hampering the industry growth
over the coming years. - Aircraft manufacturers are investing heavily to
adopt efficient and modernized aircraft systems
for increasing the overall longevity and avoiding
accidents service failure.
3Continued...
- Manufacturers are focusing on usage of
lightweight materials for production of these
landing gears. Increasing demand for lightweight
landing gears is attributed to the benefits such
as reduction of overall aircraft weight.
Emergence of electric brakes is another trend
that has gained prominence in the aerospace
landing gear market. - Rotary wing is projected to grow substantially
from 2017 to 2024. The high growth rate can be
attributed to rising demand for helicopters,
especially from military segment due to
increasing usage for emergency medical services,
critical missions, and transportation. - Aerospace landing gear market can be segmented
based on applications into business, commercial,
and military. Commercial sector is likely to
capture significant industry share over the
forecast timeframe owing to high deployment of
landing gears in narrow body, wide body, and
regional aircrafts.
4 Latest Research Report On Aerospace Landing Gear
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5Major Companies in Aerospace Landing Gear Market
- Liebherr-International AG
- AAR Corp.
- Safran S.A.
- Circor International, Inc.
- Magellan Aerospace Corporation
- Héroux-Devtek Inc.
- United Technologies Corporation
- Triumph Group Inc.
- SPP Canada Aircraft, Inc., Whippany Actuation
Systems
6Regional Insights in Aerospace Landing Gear
Market
- North America aerospace landing gear market is
anticipated to exhibit maximum revenue share
owing to regular innovations in landing gears
coupled with presence of major aircraft players
such as Bombardier, Boeing, etc. Increasing
military modernization programs across the region
have resulted in high procurement of aircrafts
such as UAVs and fighter jets, further supporting
the regions dominance.
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