Aerospace Landing Gear Market to exceed $21 bn by 2024

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Aerospace Landing Gear Market to exceed 21 bn by
2024
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Key Insights from Aerospace Landing Gear Market

• Aerospace Landing Gear Market is estimated to
  surpass USD 21 billion by 2024 according to a
  new research report by Global Market Insights,
  Inc.
• The increasing aircrafts demand owing to
  proliferating tourism sector along with
  increasing air passenger traffic and cargo will
  drive the aerospace landing gear market size over
  the forecast timeframe. Increasing customer
  spending along with increasing preference for air
  travel owing to lower travel duration and
  superior safety will further expand the business
  share till 2024
• Global aerospace landing gear market from
  tri-cycle arrangement accounted for 12,221 units
  in 2017 and is expected to continue its dominance
  till 2024 owing to several benefits offered
  including prevention of nose over while braking
  at higher landing speeds, enhanced visibility
  from flight deck, easier maneuvering landing,
  and prevention of aircraft ground looping.

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Continued

• Rotary wing segment will grow significantly at
  around 6.8 CAGR from 2018 to 2024. This can be
  credited to the benefits offered including
  vertical take-off and landing operations, travel
  in any direction, and travel to areas with space
  constraints.
• Increasing adoption of helicopters for military
  applications including combat and non-combat
  operations further supports the segment growth.
  The adoption of fixed wheels and retractable
  landing gears depending on the weight of the
  helicopters will provide a positive outlook for
  the aerospace landing gear market growth.

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Latest Research Report On Aerospace Landing Gear
Market _at_ https//www.gminsights.com/industry-analy
sis/aerospace-landing-gear-market Request for
a sample of this research report
_at_ https//www.gminsights.com/request-sample/detail
/2343
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U.S. Aerospace Landing Gear Market, By Position,
2013-2024, (Units)

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Major Companies in Aerospace Landing Gear Market

• AAR Corporation
• GKN Aerospace Services
• Liebherr Group
• Triumph Group
• Eaton Corporation

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Industry Coverage

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Regional Insights in Aerospace Landing Gear
Market

• Asia Pacific aerospace landing gear market will
  grow significantly at around 5.7 till 20024
  owing to increasing air passenger traffic. For
  instance, according to the Association of Asia
  Pacific Airlines (AAPA), multiple airlines spread
  across the region carried over 1,214 million
  passengers and 20 million cargo in 2017. The
  increasing population and decreasing air ticket
  fares coupled with proliferating tourism sector
  will boost the regional growth till 2024.

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