Global Commercial Aircraft Wheels Market 2019-2023
About this market
Greater application of 3D manufacturing techniques is likely to drive growth in the market. 3D printing or additive manufacturing is a process of developing 3D object by adding successive layers of materials with the support of computerized control technology. Technavio’s analysts have predicted that the commercial aircraft wheels market will register a CAGR of close to 4% by 2023.
Growing developments in the manufacturing
The global aircraft industry is focused on integrating advanced materials and processes to deliver improved performance while complying with various safety norms.
Design constraints and complexities
With wheels being integral to aircraft landing gear systems, the landing gear remains a critical subsystem of an airplane. Its design and development create many challenges and complexities.
For the detailed list of factors that will drive and challenge the growth of the commercial aircraft wheels market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Safran and United Technologies the competitive environment is quite intense. Factors such as the greater application of 3D manufacturing techniques and the growing developments in the manufacturing, will provide considerable growth opportunities to commercial aircraft wheels manufactures. Héroux-Devtek, Honeywell International, LIEBHERR, Meggitt, Safran, and United Technologies are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Commercial Aircraft Wheels Market 2019-2023
Technavio recognizes the following companies as the key players in the global commercial aircraft wheels market: Héroux-Devtek, Honeywell International, LIEBHERR, Meggitt, Safran, and United Technologies.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the greater application of 3D manufacturing techniques.”
According to the report, one of the major drivers for this market is the growing developments in the manufacturing.
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