Aerospace Landing Gear Market Analysis, Trends, Growth & Forecast, 2018 – 2024 - PowerPoint PPT Presentation

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Aerospace Landing Gear Market Analysis, Trends, Growth & Forecast, 2018 – 2024

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Title: Aerospace Landing Gear Market Analysis, Trends, Growth & Forecast, 2018 – 2024


1
Aerospace Landing Gear Market from regional jets
to grow at over 6.4 CAGR from 2018 to 2024
2
Key Insights from Aerospace Landing Gear Market
  • Rise in aircraft fleet with increase in air
    passenger traffic will propel aerospace landing
    gear market share during projected timeline.
    Growing preference for air travel owing to less
    travel time and better safety has led to
    expansion in aviation industry. Aircraft
    manufacturers including Bombardier, Boeing and
    Airbus are enhancing their manufacturing
    facilities to meet growing demands and previous
    production backlog.
  • Tricycle aerospace landing gear market accounts
    for over 72 share with their installation in
    majority of in-service aircrafts. The airliners
    prefer tricycle arrangement as it offers better
    control during take-off and ground maneuvering.
    Further, lower proximity between internal
    components and gears enhances aircraft safety.
    Tandem arrangement will witness sturdy growth
    with reduced weight due to absence of third wheel
    assembly thereby enhancing vertical takeoff that
    advocated its use in defense aircrafts including
    B-52 and B-47.
  • Aircraft operators are continuously decreasing
    their airfare to attract more customers.
    Increasing affordability in middle class income
    groups for air travel with low air fares coupled
    with growth in tourism sector will positively
    influence the product penetration.

3
Continued...
  • Main gear holds major share in aerospace landing
    gear market with its utilization for carrying
    overall aircraft weight. Key aircraft OEMs are
    moving towards light weighted materials to
    enhance fuel efficiency. Adoption of advanced
    materials including composites and safety
    technologies such as RFID technology and wireless
    sensor network for landing system monitoring will
    propel product demand.
  • Commercial aircraft will hold major share with
    significant growth in aviation industry. Rising
    disposable income and annual spending in emerging
    nations has augmented air traffic and increased
    aircraft deliveries.
  • Regional jet aerospace landing gear market will
    foresee growth at around 6.4 with its
    utilization for connection between airports and
    network carrier hubs. Regional jets will induce
    positive impact on the industry growth owing to
    wide availability of domestic network. The
    players are developing innovative designs and
    efficient engines providing a positive outlook
    for the industry.

4

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
5
U.S. Aerospace Landing Gear Market, By Aircrafts,
2017 2024, (Units)

6
Major Companies in Aerospace Landing Gear Market
  • UTC Aerospace System
  • Eaton Corporation
  • AAR Corporation
  • Aerospace Turbine Rotables
  • Safran Group
  • Whippany Actuation Systems
  • Circor
  • SPP Canada Aircraft
  • Magellan, Triumph Group, Heroux-Devtek, GKN
    Group, and Leibherr Group

7
Industry Coverage

8
Regional Insights in Aerospace Landing Gear
Market
  • North America dominates the aerospace landing
    gear market with high demand from the commercial
    airline companies, military aircraft and MROs.
    The manufacturers are focusing on capacity growth
    to meet the high demand from aircraft operators.
  • Asia pacific will register healthy growth in
    passenger traffic due to low air fares attracting
    more consumers. Further, rising demand for
    military aircraft particularly from South Korea,
    China, and India with purchase of advanced
    equipment will positively drive the aerospace
    landing gear market size from 2018 to 2024.

9
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