DUBLIN, May 15, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/wn35d4/global_commercial) has announced the addition of the "Global Commercial Aircraft Landing Gear Market 2015-2019" report to their offering.
The analysts forecast the global commercial aircraft landing gear market to grow at a CAGR of 5.97% over the period 2014-2019.
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 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.
The development of lightweight materials for the aerospace industry has been growing at a rapid pace recently. New materials are being utilized to achieve increased durability because they are more robust and are lighter. For example, new titanium alloys such as Ti 10-2-3 (Ti 10V 2Fe 2Al) and Ti 5-5-5-3 (Ti 5 Va 5Mo 5Al 3Cr) are largely being utilized in aircraft landing gear. Several of Boeing 787 landing gear components such as the main gear inner cylinder use titanium alloys. Titanium provides more strength compared to the existing steel alloys and is also lighter in weight. Conventional steel (300M and 4340 steel) is also being replaced with AerMet100 and AF1410 alloys.
According to the report, lightweight landing gear is increasingly being used in aircraft. Weight reduction is necessary to achieve the optimum ratio between payload and range for an aircraft, and consequently, low fuel consumption. Manufacturers in the aerospace sector are developing advanced lightweight landing gear to meet customer expectations while maintaining the highest standards of safety.
Further, the report states that the introduction of new aviation systems and components such as landing gear systems encounter various challenges because of strict regulatory requirements.
- Circor Aerospace
- Liebherr Group
- UTC Aerospace Systems
Other Prominent Vendors
- Honeywell Aerospace
- Magellan Aerospace
- Merrill Technologies Group
- SPP Canada Aircraft
- Triumph Group
- Whippany Actuation Systems
For more information visit http://www.researchandmarkets.com/research/wn35d4/global_commercial
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SOURCE Research and Markets