This new report from Stratview Research analyses the Aircraft Landing Gear Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aircraft Landing Gear Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aircraft Landing Gear Market is no different. Derived from the previous market scenario, the Aircraft Landing Gear Market is likely to witness an impressive CAGR of 8.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Market Share Analysis
Aircraft Landing Gear Market Share: By Application Type
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.
Aircraft Landing Gear Market Share: By Platform Type
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.
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Aircraft Landing Gear Market Share: By Region
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.
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