Commercial Aircraft Landing Gear Market 2018 Global Trends, Size, Segments, Emerging Technologies and Industry Growth by Forecast to 2021

Market Insights:

Landing gears is one of the most important subsystems installed in an aircraft. They support the entire weight of an aircraft during takeoff and landing, and also during ground operations. The commercial aircraft landing gears are highly advanced and sophisticated systems including modern control and steering mechanisms. Landing gears also consists of shock-absorbing equipment, brakes, and sensors.
The market has grown significantly because of the growth of global air traffic and demand for new aircraft. In addition, rapid growth in the emerging markets is further propelling the growth. Also, along with the need for weight reduction and fuel efficiency, there has been a demand for optimized and lightweight landing gear systems. Such landing gear systems are being largely used in many of the modern commercial aircraft.

However, the growing trend of aircraft fleet modernization plan is the major force in the market. It obviously follows with the growing demand for aircraft landing gear systems and components. Also, the utilization of new materials have provided increased strength, reliability and weight reduction to the landing gear systems. The aircraft and landing gear manufacturers are further shifting towards MEA. It has opened the opportunities for utilization of new technology and encouraged the development of new and optimized systems.

Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/1427

Major Key Players

Some of the key players in the Global Commercial Aircraft Landing Gear Market are 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.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/commercial-aircraft-landing-gear-market-1427

Target Audience
• Aircraft Landing Gear OEMs
• Component Suppliers
• Aftermarket suppliers /MROs
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.