Global Aircraft Landing Gear Systems Market 2018-2022
About aircraft landing gear systems
Aircraft landing gear is the undercarriage of an airplane that is used for landing and take-off. In addition, the landing gear supports the aircraft when it is on the ground and allows it to taxi without damage. The landing gear system consists of shock absorbing equipment, cowling, fairings, retraction mechanisms, controls, structural members, and warning devices.
Technavio’s analysts forecast the global aircraft landing gear systems market to grow at a CAGR of 6.28% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global aircraft landing gear systems market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of the aircraft landing gear system used in commercial, military, and business jets
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aircraft Landing Gear Systems Market 2018-2022
Technavio recognizes the following companies as the key players in the Global aircraft landing gear systems market: GKN, Héroux-Devtek, LIEBHERR, Safran, UNITED TECHNOLOGIES
Commenting on the report, an analyst from Technavio’s team said: “One trend that is affecting the market is preference for electric taxiing system”
According to the report, one driver that is affecting the market is need for lightweight aircraft landing gear systems”
Further, the report states that one challenge that is affecting the market is delay in aircraft deliveries hinder the growth of component market”