Press release
Aircraft Landing Gear Market Size - Industry Share Report 2021
Aircraft Landing Gear
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“The aircraft landing gear market is projected to grow at a CAGR of 6.23% during the forecast period, 2016 to 2021”
The growth of the global aircraft landing gear market is dependent on the increased number of deliveries of aircraft, ultra light aircraft, and unmanned aerial vehicles in various countries across the world. The global aircraft landing gear market is projected to grow from USD 9.71 billion in 2016 to USD 13.14 billion by 2021, at a CAGR of 6.23% from 2016 to 2021. Increase in the air passenger traffic across the globe, up gradation of aircraft, and unmanned aerial systems in military programs across the world, are the key factors driving the aircraft landing gear market across the globe. However, the existing aircraft production backlog is expected to hinder the market growth over the forecast period.
“Among platform, the fixed wing segment of the aircraft landing gear market is projected to lead the market from 2016 to 2021”
Based on platform, the global aircraft landing gear market has been segmented into the fixed wing, and rotary wing aircraft. The fixed wing segment is anticipated to account for the largest market share of the global aircraft landing gear market during the forecast period. The high growth of the fixed wing aircraft segment can be attributed to the increasing demand for commercial aircraft, business jets, and fighter jets, among others.
“The commercial aviation segment is projected to witness fastest growth in aircraft landing gear market during the forecast period”
The commercial aviation segment is expected to be the fastest growing segment in the global aircraft landing gear market during the forecast period. The commercial aviation industry in the emerging regions such as the Asia-Pacific, Middle East, and Latin America has been witnessing positive growth over the past few years. As a result, there is a high demand for new aircraft from these regions and this trend is expected to continue over the next twenty years according to The Boeing Company and Airbus SAS. Hence, the growth in the commercial aviation industry is expected to drive the global aircraft landing gear market during the forecast period.
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Target Audience:
• Aircraft Landing Gear Manufacturers
• Original Equipment Manufacturers (OEMs)
• Sub-Component Manufacturers
• Technological Support Providers
• Aircraft Manufacturers’ Associations
• Manufacturers of Unmanned Aerial Vehicles
Key Points From Table Of Content :
Company Profiles :
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
• Safran S.A.
• Liebherr-International AG
• Héroux-Devtek Inc.
• Circor International, Inc.
• United Technologies Corporation
• Magellan Aerospace Corporation
• Triumph Group Inc.
• AAR Corp.
• GKN Aerospace Services Ltd.
• SPP Canada Aircraft, Inc.
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Research Coverage:
This report segments the global aircraft landing gear market on the basis of type, application, platform, and region. Based on type, the market is segmented into main and nose landing gear. Based on application, the market is segmented into commercial, business, military, and others. Based on platform, the market is segmented into fixed wing, and rotary wing. Based on aircraft type, the global aircraft landing gear market has been classified into narrow body, wide body, very large aircraft, and regional transport aircraft.
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