More Information @ http://bit.ly/2EgarfR Replacement of landing gear components of aging aircraft fleet by advanced products will further positively impact the industry growth.
Aerospace Landing Gear Market trends research and projections for 2017-2024: Global Market Insights, Inc. Aerospace Landing Gear Market in North America is anticipated to exhibit maximum revenue share owing to regular innovations in landing gears coupled with presence of major aircraft players such as Bombardier, Boeing, etc. Increasing military modernization programs across the region have resulted in high procurement of aircrafts such as UAVs and fighter jets, further supporting the region’s dominance. Increasing aircraft deliveries from regional airliners, especially in MEA and Asia Pacific coupled with rising procurement of UAVs and fighter aircrafts for military programs will primarily drive the industry growth. Air passenger traffic has witnessed a continuous rise across the globe over the past years. This has led to high profitability of airline operators, resulting in high production of aircrafts, escalating the revenue generation for aerospace landing gear market size over the forecast timeframe. Aerospace modernization, stringent regulations regarding specifications of aircraft components, and environmental concerns have contributed significantly towards the retirement of old aircraft fleet. Aircraft manufacturers are investing heavily to adopt efficient and modernized aircraft systems for increasing the overall longevity and avoiding accidents & service failure. Manufacturers are focusing on usage of lightweight materials for production of these landing gears. Increasing demand for lightweight landing gears is attributed to the benefits such as reduction of overall aircraft weight. Emergence of electric brakes is another trend that has gained prominence in the aerospace landing gear market. These brakes assist in easy landing and absorbing shocks. Aircraft landing gears have high life-span and possess lesser probability to get damaged. This leads to reduction of overall replacement needs of the product, hampering the industry growth over the coming years. Technical issues related to new technology, long manufacturing processes, and stringent design constraints are anticipated to pose a challenge before industry participants. 1 | P a g e