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(CityRegions.Com, August 12, 2017 ) According to Stratistics MRC, the Global Commercial Aircraft landing gear market is estimated at $9.27 billion in 2016 and is expected to reach $15.03 billion by 2023 growing at a CAGR of 7.1% from 2016 to 2023. Increase in air traffic in developing nations and growing orders for advanced military aircrafts are the some of the key factors driving the market growth. Lack of safety regulations in aviation industry and long life of the gears is hampering the market growth. However, increasing aircraft manufactures in emerging economies seems to be opportunity factor for the market growth.
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Based on platform, rotary wing segment is expected to show lucrative growth rate from 2016 to 2023. Growth is attributed to the growing demand for helicopters from the defence sector for transport, emergency medical services, and special missions. The commercial aviation segment among applications is anticipated to observe the highest growth. The growth is attributed to increase in air traffic and huge demand from regional operators. In 2015, North America accounted for the highest market share as compared to other regions owing to the presence of huge aircraft manufacturing companies. Growing military expenditure and demand for advanced fighter jets from developing nations is one of the drivers for the growth of market in North America region.
Some of the key players in the market include Circor Aerospace, Hιroux-Devtek, Liebherr Group, Messier-Bugatti-Dowty, UTC Aerospace Systems, AAR, Honeywell Aerospace, Magellan Aerospace, Merrill Technologies Group, SPP Canada Aircraft, Triumph Group, Whippany Actuation Systems, Safran Systems Ltd. and GKN Aerospace Services Ltd.
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Applications Covered:
Business
Commercial
Military
Other Applications
Types Covered:
Nose Landing Gear
Main Landing Gear
Aircraft Types Covered:
Narrow Body Aircraft
Regional Transport Aircraft
Very Large Aircraft
Wide Body Aircraft
Platforms Covered:
Rotary Wing
Fixed Wing
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
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List of Tables
1 Global Commercial Aircraft Landing Gear Market Outlook, By Region
2 Global Commercial Aircraft Landing Gear Market Outlook, By Application
3 Global Commercial Aircraft Landing Gear Market Outlook, By Business
4 Global Commercial Aircraft Landing Gear Market Outlook, By Commercial
5 Global Commercial Aircraft Landing Gear Market Outlook, By Military
6 Global Commercial Aircraft Landing Gear Market Outlook, By Other Applications
7 Global Commercial Aircraft Landing Gear Market Outlook, By Type
8 Global Commercial Aircraft Landing Gear Market Outlook, By Nose Landing Gear
9 Global Commercial Aircraft Landing Gear Market Outlook, By Main Landing Gear
10 Global Commercial Aircraft Landing Gear Market Outlook, By Aircraft Type
11 Global Commercial Aircraft Landing Gear Market Outlook, By Narrow Body Aircraft
12 Global Commercial Aircraft Landing Gear Market Outlook, By Regional Transport Aircraft
13 Global Commercial Aircraft Landing Gear Market Outlook, By Very Large Aircraft
14 Global Commercial Aircraft Landing Gear Market Outlook, By Wide Body Aircraft
15 Global Commercial Aircraft Landing Gear Market Outlook, By Platform
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