What's driving the Aerospace Landing Gear Market Trends? Regional Analysis Key market players- AAR, Aeropol Aviation Services Corp, Delta TechOps, Eaton, FL Technics, GKN Aerospace, Héroux-Devtek, Liebherr Group, Magellan Aerospace, Safran, Triumph Group

Growing aircraft fleet to shelter passengers will enhance aerospace landing gear market over study timeframe. Rising air travel preferences owing to better safety and less duration is increasing flight iterations. Aviation industry players are undergoing facility expansion to overcome previous production backlog. In 2017, major manufacturers such as Airbus and Boeing have backlog of over 7,000 and 5,500 aircrafts respectively.

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Industry Growth drivers:

 Infrastructure development in Latin America
 North America to built Strong aviation manufacturing sector
 Strengthening of MRO industry in Asia Pacific
 Escalating cargo traffic and tourism growth in MEA
 Increasing air passenger traffic in Europe

Design and development challenges will restrict aerospace landing gear market over forecast period. The design requires system with minimum weight, volume, high performance, improved life and reduced life cycle cost. Further, these challenges need to meet while adhering to regulatory safety requirements by employing advanced materials, processes, analysis and production methods.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• AAR
• Aeropol Aviation Services Corp
• Delta TechOps
• Eaton Corp.
• FL Technics
• GKN Aerospace
• Héroux-Devtek
• Liebherr Group
• Magellan Aerospace
• Safran
• Triumph Group
• UTC Aerospace Systems

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Proliferating tourism industry across the globe is surging air travel. According to the United Nations World Tourism Organization (UNWTO), in 2017, the international tourism arrival grew by over 6.5% and reached 1.3 billion. Aviation regulatory organizations including Civil Aviation Safety Authority (CASA) and Federal Aviation Authority (FAA) are laying stringent regulations for their fitment and maintenance. For instance, FAR 14 CFR provides regulations for performance, controllability and maneuverability. Airline operators are adopting innovative technologies such as electric actuation to enhance their performance thereby accelerating aerospace landing gear market growth.

In 2017, North America holds over 50% aerospace landing gear market share with increasing military modernization programs that led to escalating aircraft demand. Moreover, presence of the largest aerospace industry participants including Boeing, Lockheed Martin, and Bombardier Aerospace will fuel the regional growth. Europe will witness steady growth with growing tourism industry. In 2017, the number of tourist arrivals grew by around 8% thereby enhancing industry size.

Rotary wing aerospace landing gear market will register around USD 6,500 million owing to rising demand for helicopters from the defense sector and increasing applications in transportation, emergency medical services and other commercial applications. Industry participants are actively working on using different types of sheet metals such as aluminum, steel, and composite for enhancing their efficiency and durability.

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Key industry participants in aerospace landing gear market includes Safran Group, Heroux-Devtek, UTC Aerospace System, and Eaton Corporation. Industry players are undergoing long term agreements with airliners to expand their regional presence. In July 2016, Eaton signed a 7-year, exclusive agreement with Emirates Airline to provide MRO services for B777, A330 and A340 aircraft fleets.

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