Lewes, DE -- (SBWire) -- 05/15/2015 --Report forecast the global commercial aircraft landing gear market to grow at a CAGR of 5.97% over the period 2014-2019.
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.
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.
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.
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.
key players in Global Commercial Aircraft Landing Gear Market 2015-2019: Circor Aerospace, Héroux-Devtek, Liebherr Group, Messier-Bugatti-Dowty and UTC Aerospace Systems
Other Prominent Vendors in the market are: AAR Honeywell Aerospace Magellan Aerospace Merrill Technologies Group, SPP Canada Aircraft Triumph Group and Whippany Actuation Systems
Market Driver
- Demand for lightweight landing gear
- For a full, detailed list, view our report
Market Challenge
- Challenges associated with introduction of new technology
- For a full, detailed list, view our report
Market Trend
- Modernization of aircraft fleet
- For a full, detailed list, view our report
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?
Spanning over 70 pages and 32 Exhibits "Global Commercial Aircraft Landing Gear Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Aircraft Type, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Competitive Scenario, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-commercial-aircraft-landing-gear-market-2015-2019
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