Commercial Aircraft Landing Gear Market 2018 Global Industry Analysis by Business Methodologies, Financial Overview and Growth Prospects Predicted by 2021

Market Research Future Published a Cooked Research “Global Commercial Aircraft Landing Gear Market Research Report - Forecast to 2021” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2021.

Market Insights:
Market Research Future (MRFR)’s recent study reveals that the global commercial aircraft landing gear market is set to proliferate moderately at a healthy CAGR of 6% CAGR during the forecast period 2016 to 2021. The boom witnessed in the aviation industry is expected to fuel demand in the market over the next couple of years.

The surge in demand for lightweight aircraft has opened avenues of growth for the commercial aircraft landing gear industry leaders since it enhances aircraft performance and fuel efficiency. Additionally, the increased air traffic is another factor favoring the growth of the market. The exponential air traffic has paved the way for new entrants into the aviation industry coupled with demand for more aircraft from the existing airlines. This, in turn, is poised to fuel demand in the commercial aircraft landing gear market.

The growth of the aviation industry has intensified the need for advanced technologies and upgraded components. The landing gear being an important part of the aircraft is projected to witness demand in the foreseeable future. Nevertheless, technological challenges, design constraints, lengthy product development processes, etc. are prognosticated to hold the growth of the commercial aircraft landing gear market over the next couple of years.

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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.

Industry Developments:

In August 2018, Héroux-Devtek, Canadian aircraft landing gear manufacturer and MRO provider, named Duncan Aviation a distributor. It is one of the only five such locations worldwide.
In August 2018, the U.S. based Boeing unveiled its extendable main landing gear for Boeing 737-10 variant of the MAX family. It marks the beginning of a production and development ramp-up expected to culminate with the first flight in 2019.

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.

Regional Analysis
Asia had the largest share of the global commercial aircraft landing gear market in 2016. It is an emerging region in the long-haul international market and it relies heavily on the small and medium wide-body aircraft. As a result, a number of such airlines have been entering into service, recently such as Indigo, Tigerair Singapore, Tigerair Australia, and Air Asia. It is expected that by 2035, more than 16,000 aircraft would be delivered in the region.

The emerging markets have emerged as the driving force for the aviation market. Africa, South America, and the APAC region are expected to have the highest growth rate in air passenger traffic in the coming years. The aircraft fleet has also been growing rapidly in the APAC and EMEA. Thus, increasing demand from such emerging markets has been one of the major factors driving the growth landing gear market.

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