03-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Aircraft Landing Gear Market – By ProductType (Nose Landing Gear and Main Landing Gear) and By Application (Military Aviation and Commercial Aviation): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Aircraft Landing Gear market in 2019 was approximately USD 10,152 Million. The market is expected to grow at a CAGR of 4% and is anticipated to reach around USD 13,590 Million by 2026.
Aircraft landing gear backs a whole load of an airplane. Most of the landing gear has wheels to aid operation. Aircraft landing gears are usually promoted to military applications as well as commercial applications. Aircraft landing gear types include nose landing gear and main landing gear. Applications of aircraft landing gear consist of its usage for military aviation as well as for commercial aviation.
Browse the full “Aircraft Landing Gear Market – By Product Type (Nose Landing Gear and Main Landing Gear) and By Application (Military Aviation and Commercial Aviation): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/aircraft-landing-gear-market-by-product-type-nose
The rise in demand for fighter aircraft as well as unmanned aerial vehicles (UAVs) associated with defense and military sectors have driven the target market growth. In addition, growth in passenger traffic across the globe has been augmenting the target market growth. Moreover, surge in demand for low-cost air travel has been propelling the target market growth as well. Furthermore, the number of regional jets has been increased owing to a rise in the number of travel across short routes among developed economies. This has fueled the target market growth. However, the lack of relevant safety regulations is expected to hamper the target market growth over the forecast period. Nevertheless, an increase in the demand for lightweight landing gear is anticipated to create lucrative growth opportunities for the target market.
In terms of product type, the target market is categorized as nose landing gear and main landing gear. Among these, the main landing gear category is expected to dominate the product type category. Main landing gears provide extension forces and retraction while maintaining reliability and lightweight. These landing gears act as auxiliary landing gears.
In terms of application, the target market is categorized as military aviation and commercial aviation. Among these, the commercial aviation category is anticipated to be the leading one owing to the growing number of aircraft deliveries in the past few years. In addition, there has been a rise in demand for new aircraft from regional airline companies in developing economies.
In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America is anticipated to be the leading region over the forecast period. Favorable government policies have pushed infrastructure development in the region, this has surged the number of airports in the region. The U.S. represents the broad civil as well as military aerospace clusters. This factor has augmented the target market growth in North America.
Key players operating in the target market are Liebherr-International AG, Magellan Aerospace Corporation, Sika Interplant Systems Limited, Safran S.A., Triumph Group Inc., United Technologies Corporation, Héroux-Devtek Inc., GKN Aerospace Services Ltd., SPP Canada Aircraft, Inc., Circor International, Inc., Eaton Corp. Plc, Parker-Hannifin Corp., Whippany Actuation Systems, Mecaer America Inc, and others.
This report segments the Aircraft Landing Gear market as follows:
Global Aircraft Landing Gear Market: By Type Segmentation Analysis
- Nose Landing Gear
- Main Landing Gear
Global Aircraft Landing Gear Market: By Application Segmentation Analysis
- Military Aviation
- Commercial Aviation
Global Aircraft Landing Gear Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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