Aerospace Landing Gear Market Analysis, Trends and Forecast, 2017-2024
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.
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.
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Rotary wing is projected to grow substantially from <strong>2017</strong> to <strong>2024</strong>. The high growth<br />
rate can be attributed to rising dem<strong>and</strong> for helicopters, especially from military<br />
segment due to increasing usage for emergency medical services, critical missions,<br />
<strong>and</strong> transportation.<br />
By product, aerospace l<strong>and</strong>ing gear market is segmented into main <strong>and</strong> nose l<strong>and</strong>ing<br />
gears. Main l<strong>and</strong>ing gear is expected to capture maximum revenue share over the<br />
next eight years owing to their prominence in the overall support for aircraft take-offs<br />
<strong>and</strong> l<strong>and</strong>ings. Higher strength than its counterpart is another factor supporting the<br />
segment’s dominance.<br />
<strong>Aerospace</strong> l<strong>and</strong>ing gear market can be segmented based on applications into<br />
business, commercial, <strong>and</strong> military. Commercial sector is likely to capture significant<br />
industry share over the forecast timeframe owing to high deployment of l<strong>and</strong>ing<br />
gears in narrow body, wide body, <strong>and</strong> regional aircrafts. Rising dem<strong>and</strong> of new<br />
aircrafts, especially from regional airline operators in emerging countries will further<br />
support the industry dominance.<br />
Liebherr-International AG, AAR Corp., Safran S.A., Circor International, Inc.,<br />
Magellan <strong>Aerospace</strong> Corporation, <strong>and</strong> Héroux-Devtek Inc. are among the noticeable<br />
participants in aerospace l<strong>and</strong>ing gear market. Other prominent players include<br />
United Technologies Corporation, Triumph Group Inc., SPP Canada Aircraft, Inc.,<br />
Whippany Actuation Systems, <strong>and</strong> GKN <strong>Aerospace</strong> Services Ltd. Competitors are<br />
focusing on product transformations to offer cost-effective solutions for aircraft<br />
manufacturers.<br />
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