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(Transportation-News.com, May 13, 2015 ) Landing gears are one of the most important subsystems installed on an aircraft. They support the entire weight of an aircraft during takeoff and landing, and also during ground operations. The commercial aircraft landing gears are highly advanced and sophisticated systems, and comprise modern control and steering mechanisms. Landing gears also consist of shock-absorbing equipment, brakes, and sensors.
The market has grown significantly because of the growth in global air traffic and demand for new aircraft. In addition, rapid growth of emerging markets is propelling the growth. Also, the need to reduce weight and improve fuel efficiency has led to the demand for optimized and lightweight landing gear systems. Such landing gear systems are being widely used in many modern commercial aircraft.
In 2014, the market was led by APAC with a 40.01% share of the market, followed by EMEA and the Americas with shares of 35.66% and 24.33%, respectively.
The analysts forecast global commercial aircraft landing gear market to grow at a CAGR of 5.97% over the period 2014-2019.
Covered in this Report
In addition, the report discusses the major drivers that influence the growth of the global commercial aircraft landing gear market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
The report, Global Commercial Aircraft Landing Gear Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the regional commercial aircraft landing gear market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key Vendors
Circor Aerospace
Héroux-Devtek
Liebherr Group
Messier-Bugatti-Dowty
UTC Aerospace Systems
Other Prominent Vendors
AAR
Honeywell Aerospace
Magellan Aerospace
Merrill Technologies Group
SPP Canada Aircraft
Triumph Group
Whippany Actuation Systems
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Market Driver
Demand for lightweight landing gear
Market Challenge
Challenges associated with introduction of new technology
Market Trend
Modernization of aircraft fleet
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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