The global aircraft landing gear market is projected to grow from USD 9.71 Billion in 2016 to USD 13.14 Billion by 2021, at a CAGR of 6.23% from 2016 to 2021.
The increasing demand for new aircraft from regional airline companies in the Asia-Pacific and Middle-Eastern regions, procurement of fighter aircraft and unmanned aerial systems in military programs across the world, are the key factors driving the demand for aircraft landing gear across the globe. China, Canada, Brazil, and Japan are the key countries expected to witness significant growth in the global market during the forecast period.
The North American region is estimated to lead the global market during the forecast period, owing to technological advancements taking place in aircraft landing gear and the presence of key aircraft manufacturers, such as The Boeing Company (U.S.) and Bombardier Inc. (Canada).
Increasing aircraft orders from these manufacturers by the regional airline companies in the Asia-Pacific and Middle-Eastern regions is driving the growth of the North American aircraft landing gear market. Growing military modernization programs, which include the increased procurement of advanced fighter jets, and unmanned air vehicles, among others is also expected to drive the North American market during the forecast period.
Existing aircraft production backlog is a key factor expected to restrain the market growth during the forecast period. The global aircraft landing gear market is a diversified and competitive market with a large number of players operating in it.
The key players operating in the global market are, Safran S.A. (France), Liebherr-International AG (Switzerland), CIRCOR International, Inc. (U.S.), Héroux-Devtek Inc. (Canada), UTC Aerospace Systems (U.S.), and Triumph Group, Inc. (U.S.), among others
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Landing Gear Market, by Type
8 Aircraft Landing Gear Market, by Platform
9 Aircraft Landing Gear Market, by Application
10 Aircraft Landing Gear Market, by Aircraft Type
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
- AAR Corp.
- Circor International, Inc.
- GKN Aerospace Services Ltd.
- Héroux-Devtek Inc.
- Liebherr-International AG
- Magellan Aerospace Corporation
- Safran S.A.
- SPP Canada Aircraft, Inc.
- Triumph Group Inc.
- United Technologies Corporation
For more information about this report visit http://www.researchandmarkets.com/research/rtdh2s/aircraft_landing
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SOURCE Research and Markets