LONDON--(BUSINESS WIRE)--The global aircraft landing gear systems market is poised to grow by USD 3.27 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. Request free sample pages
Read the 160-page report with TOC on "Global Aircraft Landing Gear Systems Market Analysis Report by Application (Commercial aircraft, Military aircraft, and Business jet), Geographic segmentation (APAC, Europe, MEA, North America and South America), and the Segment Forecasts, 2020-2024".
The market is driven by the creation of new air routes to tap market potential. In addition, the emergence of 3D printing is anticipated to boost the growth of the global aircraft landing gear systems.
Airlines are focusing on enhancing their revenue streams by launching services on new routes to cater to the untapped markets. New probable routes are evaluated using intelligence tools for identifying certain trends such as passenger inflow and outflow as well as timing and connectivity options. This helps in determining the type of aircraft to be used and the frequency of operations with regards to a new route. The launch of new service routes will encourage the procurement of new aircraft by airline operators. This in turn, will boost the need for aircraft landing gear systems comprising of fairings, cowlings, structural members, warning devices, shock absorbing equipment, and retraction mechanisms. Thus, the creation of new air routes to tap market potential is expected to drive market growth during the forecast period.
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Major Five Aircraft Landing Gear Systems Market Companies:
Eaton Corp. Plc
Eaton Corp. Plc is headquartered in Ireland and operates the business under various segments such as Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and eMobility. The company provides aircraft landing gear systems through its Aerospace business segment.
Héroux-Devtek Inc. is headquartered in Canada and offers products through the following business units: Commercial and Defence. The company provides aircraft landing gear systems for commercial and defence aircrafts.
Honeywell International Inc.
Honeywell International Inc. is headquartered in the US and operates under various business segments, namely Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company provides aircraft landing gear systems through its Aerospace business segment.
Liebherr-International Deutschland GmbH
Liebherr-International Deutschland GmbH is headquartered in Germany and offers products through the following business segments: Earthmoving, Mining, Mobile Cranes, Tower Cranes, Concrete Technology, Maritime Cranes, Aerospace and Transportation Systems, Gear Technology and Automation Systems, Domestic Appliances, and Others. The company provides aircraft landing gear systems through its aerospace and transportation systems product segment.
Melrose Industries Plc
Melrose Industries Plc is headquartered in the UK and offers products through the following business segments: Aerospace, Automotive, Powder Metallurgy, Nortek Air & Security, and Other Industrial. The company provides aircraft landing gear systems through its Aerospace business segment.
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Global Aircraft Landing Gear Systems Market Application Outlook (Revenue, USD Billion, 2020-2024)
- Commercial aircraft
- Military aircraft
- Business jet
Global Aircraft Landing Gear Systems Market Regional Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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