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What's Driving the Aerospace Landing Gear Market Trends? Delta TechOps , Eaton Corporation, GKN Aerospace, Magellan Aerospace Limited, Safran , Triumph Group, UTC Aerospace Systems

05-05-2020 08:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Aerospace Landing Gear Market

Aerospace Landing Gear Market

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.

As per estimates, North America was the dominant regional ground for aerospace landing gear market in 2017, holding close to 55% of the volume share. Powered by the presence of myriad airports handling air freight and passenger traffic and the launch of light weight components for improved efficiency, North America aerospace landing gear industry is expected to continue retaining its dominance over 2018-2024.

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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.

Since landing a flight poses one of the most difficult tasks for pilots, strong and reliable landing gear systems have helped the airline industry to almost eliminate a category of fatal risk. Subsequently, the aerospace landing gear market has been widely propagated through the development of the tourism sector, with air travel considered as one of the safest transport options available and gradually becoming more affordable. Globalization of businesses and growth of international trade have further caused the subsidization of air fares and fuel costs, instigating expansion activities by airlines for accommodating larger volume of passengers and cargo.

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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Some Point from Table of Contents:

Chapter 4 Aerospace Landing Gear Market, By Position
4.1 Aerospace landing gear industry share by position, 2017 & 2024
4.2 Main landing gear
4.2.1 Market estimates and forecast, 2013 - 2024, (Units) (USD Million)
4.2.2 Market estimates and forecast, by region, 2013 - 2024, (Units) (USD Million)
4.3 Nose/Tail landing gear
4.3.1 Market estimates and forecast, 2013 - 2024, (Units) (USD Million)
4.3.2 Market estimates and forecast, by region, 2013 - 2024, (Units) (USD Million)
Chapter 5 Aerospace Landing Gear Market, By Arrangement
5.1 Aerospace landing gear industry share by arrangement, 2017 & 2024
5.2 Tail wheel
5.2.1 Market estimates and forecast, 2013 - 2024, (Units) (USD Million)
5.2.2 Market estimates and forecast, by region, 2013 - 2024, (Units) (USD Million)
5.3 Tandem
5.3.1 Market estimates and forecast, 2013 - 2024, (Units) (USD Million)
5.3.2 Market estimates and forecast, by region, 2013 - 2024, (Units) (USD Million)
5.4 Tri-cycle
5.4.1 Market estimates and forecast, 2013 - 2024, (Units) (USD Million)
5.4.2 Market estimates and forecast, by region, 2013 - 2024, (Units) (USD Million)

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