Increasing popularity of low-cost carriers (LCCs) and ultra-low-cost carriers (ULCCs) to provide growth opportunities for aircraft landing gear market

The global Aircraft Landing Gear Market accounted to US$ 11.89 Bn in 2018 and is expected to grow at a CAGR of 6.4% during the forecast period 2019 – 2027, to account to US$ 20.60 Bn by 2027. Landing gear is one of the crucial subsystems of an aircraft that supports the entire weight of an aircraft during landing, take-off, and other ground operations. The type and design of a landing gear system depends on the aircraft type and its potential use.

A typical landing gear system consists of various components such as brakes, controls, shock absorbers, retraction systems, and warning devices, among many others. The global aircraft manufacturing and aftermarket industry is experiencing a substantial growth due to increasing demand of commercial and cargo aircrafts worldwide. The rising disposable incomes in developing countries and increasing trend of e-commerce are some of the factors that are driving the demand of these aircrafts. In addition to this, the increasing investments in defense equipment across countries due to uncertain geo-political tensions are expected to drive the demand of military aircrafts during the forecast period of 2019 to 2027. All these factors and trends are anticipated to fuel the demand for aircraft landing gear in various geographies and offer future growth opportunities for market players operating in the global aircraft landing gear market.

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Landing gear is one of the crucial subsystems of an aircraft that supports the entire weight of an aircraft during landing, take-off, and other ground operations. The type and design of a landing gear system depends on the aircraft type and its potential use. A typical landing gear system consists of various components such as brakes, controls, shock absorbers, retraction systems, and warning devices, among many others. This market study covers various types of aircraft landing gears such as tricycle, tandem, and tail wheel.

The top five companies in the aircraft landing gear market include Safran S.A., Liebherr Group, HéROUX-DEVTEK INC., Collins Aerospace, and Triumph Group Inc. The above listing of key players is derived by considering multiple factors such as overall revenue, current aircraft landing gear solutions portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions and other joint activities. There are various other notable players in the global aircraft landing gear market ecosystem such as Circor International, Inc., Sumitomo Precision Products Co., Ltd., GKN Aerospace Services Limited, AAR Corp., and Magellan Aerospace Corporation among others.

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