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Jan 17, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Landing Gear Market.

It was estimated prior to this unanticipated outbreak that the Aircraft Landing Gear Market is likely to witness an impressive CAGR of 8.2% during the forecast period. Procurement of fighter aircraft and unmanned aerial systems in military programs across the world and the increasing demand for new aircraft from regional airline companies in the Asia-Pacific and Middle-Eastern regions are the major factors bolstering the demand for aircraft landing gear across the globe during the forecast period. 

Aircraft Landing Gear refers to the aircraft’s undercarriage that is responsible for landing and taking off purpose. It is also responsible in offering support to the aircraft when the aircraft is not flying.

Aircraft Landing Gear can be of main landing gear and nose landing gear. It is used in almost all types of aircraft such as commercial, business, military, narrow-body, wide-body, and others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Segment Analysis

Based on the application type, the market is segmented as commercial, business, military, and others. The commercial aviation segment includes narrow-body aircraft, wide-body aircraft, very large aircraft, and regional transport aircraft. The mounting demand for new aircraft from regional airline companies in the Asia-Pacific and Middle-Eastern regions is one of the prime factors underpinning the market. In addition, the market is driven by the increasing air passenger traffic, owing to the rising affordability, which is translating into the demand for new aircraft, thereby influencing the market growth positively.  

Based on the platform type, the market is segmented as fixed wing and rotary wing. The rotary wing segment is estimated to register a faster growth in the coming five years, owing to the growing demand for helicopters from the military sector. Demand for helicopters is due to the rising application of helicopters for emergency medical services, transport, and special missions.  

In terms of regions, the North American region is expected to dominate the global aircraft landing gear market during the forecast period, driven by the technological progressions shaping up in aircraft landing gear and the regional presence of major aircraft manufacturers, such as The Boeing Company (U.S.) and Bombardier Inc. (Canada). Escalating aircraft orders from these manufacturers by the regional airline companies in the Asia-Pacific and Middle-Eastern regions is further boosting the growth of the region’s market. Growing military upgrade programs, which comprise the augmented procurement of unmanned air vehicles and advanced fighter jets, among others is also expected to propel the North American market during the forecast period.

Key Players:

Key players operating in the global Aircraft Landing Gear market are-

• 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

 Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Aircraft Landing Gear analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

Know more about Stratview Research:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.

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Stratview Research

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Direct: +1-313-307-4176

The astonishing developments in the overall business areas because of the startling erupt of the COVID-19 contamination have conveyed many major and minor tremors to endeavors of all sizes including the Aircraft Landing Gear Market.

It was surveyed before this unanticipated erupt that the Aircraft Landing Gear Market was most likely going to observe an extraordinary CAGR of 8.2% during the figure time period. In any case, the consistent moving down of adventures will beyond question power limits on the as of late evaluated advancement rate. Obtaining of hero plane and robotized airborne systems in military ventures across the world and the extending interest for new plane from common transporter associations in the Asia-Pacific and Middle-Eastern regions are the main issue supporting the interest for plane landing gear across the globe during the check time period.

Aircraft Landing Gear Market Segment Insights:

By Application Type:

The business aviation piece joins restricted body plane, wide-body plane, uncommonly enormous plane, and neighborhood vehicle plane. The mounting revenue for new plane from regional transporter associations in the Asia-Pacific and Middle-Eastern regions is one of the brilliant parts supporting the market. Similarly, the market is driven by the growing air voyager traffic, inferable from the rising sensibility, which is changing over into the premium for new plane, appropriately influencing the market advancement quite.

By Platform Type:

The turning wing segment is evaluated to enlist a faster advancement in the coming five years, owing to the creating interest for helicopters from the military zone. Interest for helicopters is a result of the rising utilization of helicopters for emergency clinical organizations, transport, and remarkable missions.

By Region:

North American region is depended upon to run the overall Aircraft Landing Gear Market during the measure time span, driven by the imaginative developments putting everything in order in plane landing gear and the regional presence of critical plane makers, for instance, The Boeing Company (U.S.) and Bombardier Inc. (Canada). Elevating plane requests from these creators by the nearby airplane associations in the Asia-Pacific and Middle-Eastern regions is further boosting the improvement of the area's market. Creating military update programs, which contain the expanded procurement of robotized air vehicles and advanced hero jets, among others is in like manner expected to move the North American market during the gauge time span.

Features of the Report

This report offers incredible encounters and is the consequence of separated examination system including wide discretionary investigation, intensive fundamental gatherings with industry accomplices and endorsement and triangulation with Stratview Research's inside data base and verifiable instruments.

Considering the investigation, an authentic report is made with the going with key features:

• Market structure: Overview, industry life cycle assessment, store network examination

• COVID-19 Impact Assessment

• Market atmosphere assessment: Growth drivers and goals, Porter's five forces examination, SWOT assessment

• Market example and figure examination

• Market divide example and check

• Competitive scene and components: Market share, thing portfolio, thing dispatches, etc

• Attractive market parcels and related improvement openings

• Emerging designs

• Strategic advancement openings for the current and new players

• Key accomplishment factors