Press release
Aircraft Landing Gear Market in Commercial Industry 2018 to 2021 | Impressive Growth Players: Circor Aerospace, Heroux-devtek, Liebherr Group, messier-Bugatti-dowty, UTC Aerospace Systems, AAR, Honeywell Aerospace, Megellan Aerospace
The Global Commercial Aircraft Landing Gear Market is expected to grow at a CAGR of around 6% during 2016-2021. The key factors driving the growth are growing fleet size, aircraft orders, and demand for lightweight aircraft.
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Major Key Players
Circor Aerospace,
Heroux-devtek,
Liebherr Group,
messier-Bugatti-dowty,
UTC Aerospace Systems,
AAR,
Honeywell Aerospace,
Megellan Aerospace,
Merrill Technologies Group, SPP Canada Aircraft, Triumph Group, and Whippany Actuation System
As per the MRFR analysis, the EMEA region will continue its dominance in the forecast period to reach billion, to grow at a CAGR of 8%. Whereas, APAC and Americas will significantly grow at a CAGR of 12% respectively during the forecast period.
As per Boeing outlook 2016, around 8,330 aircraft will be delivered to Americas in the next 20 years. Whereas, APAC will register the deliveries of 15,130 aircraft. The demand for new aircraft, growing retirement and modernization of fleets will drive the aircraft landing gear market significantly in the forecast period.
Industry News
At present, there is a lot of research that is underway to develop new and much more efficient landing gears. Commercial aircraft landing gear market experts revealed that a brand new range of gears are under production. Controllable fluid devices like Magnet archeological and Electroheo logical shock absorbers are being used for making them. It is said that these gears will be far more powerful than the current ones. They will be feasible, economic & robust characteristically.
Market Segmentation
The worldwide commercial aircraft landing gear market has been split into six distinct parts. They are aircraft models, geographies, landing gear types, components & aircraft types.
On the basis of aircraft models, the market is segmented into A380, B777, B737, A320, A330, B767, B747, A321 & B787.
Geographically, the market has been branched into various regions like North America, Asia Pacific, Europe & Rest of the World.
On account of landing gear types, the market is bifurcated into nose gear landing gear & main landing gear. Out of these, nose gear landing sub-segment grabs the larger market share.
Lastly, when it comes to aircraft types, the market is divided into narrow body aircraft & wide body aircraft.
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