Press release
Aerospace Landing Gear Market Growth and Trends By Key Players: Landing Systems, AAR Corporation, GKN Aerospace Services, Liebherr Group, Triumph Group, and Eaton
Aerospace Landing Gear Market
Demonstrating the massive earning potential of the aerospace landing gear market from the OEM segment, at a recent airshow Boeing reportedly won orders for 673 new aircrafts in total, worth nearly USD 100 billion. In addition, Airbus revealed it had agreed upon delivery of 431 new commercial aircrafts that would be built over the next few years. Evidently, the growing popularity of airlines and the need for economically improved operations have spurred investments towards extending the fleet size. Yearly rise in air traffic has also inspired several start-ups to enter the aviation services industry, which would eventually lead to escalation in the number of aircrafts being constructed and needless to say, would secure a lucrative growth avenue for the aerospace landing gear industry.
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Over the recent years, the global aerospace landing gear market share has observed an exponential growth owing to a significant uptick in air passenger traffic and the consequent increase in the demand for lightweight aircrafts. Owing to the criticality of these subsystems, which support aircraft weight during landing and ground operations, the commercial airlines have focused on incorporating high-grade landing gears in the recent times.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AAR Corp.
2. Aeropol Aviation Services Corp.
3. Aerospace Turbine Rotables
4. Aviatechnik
5. Circor Aerospace
6. Delta TechOps
7. Eaton Corporation
8. FL Technics
9. GKN Aerospace
10. Hawker Pacific Aerospace
11. Heroux-Devtek
12. Liebherr Group
13. Magellan Aerospace
14. Next MRO
15. Safran Landing Systems
Speaking further, regional aircrafts have tremendously contributed to the development of the aerospace landing gear market and many U.S. airlines such as South West, United Airlines, have been ordering large number of new aircrafts. North American companies have also received interest from other countries to purchase regional jets to fortify their domestic air traffic capacities. These customers not only include developed nations but also emerging economies that want to build a modernized transport network and supplement their fast-paced commercial progress. For instance, Canada-based Bombardier, which has a strong portfolio of regional jets, namely the C-series in partnership with Airbus, has earned a contract for the supply of four CRJ900s to Uganda National Airlines.
The North America aerospace landing gear market is slated to amass hefty proceeds from the regional aircraft segment as many Asian and African nations will look to expand their domestic fleet size and service capabilities. To elaborate, a 2017 report forecast that over the next 15 years, approx. 5,728 regional aircrafts valued at USD 212.9 billion could be manufactured, including jets and turboprops. Consequently, the aerospace landing gear industry will directly gain substantial momentum as these estimates show a significant increase over current numbers.
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