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Aerospace Landing Gear Market Study by Regional Outlook and Competitive Landscape to 2026

Aerospace Landing Gear Market Study by Regional Outlook and Competitive Landscape to 2026

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Aerospace Landing Gear Market Study by Regional Outlook and Competitive Landscape to 2026

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  1. Aerospace Landing Gear Market Demand Analysis and Growth Forecast from 2020 to 2026 • The aerospace landing gear market is poised for robust growth on the back of increasing penetration of air traffic growth in the emerging nations. With each passing day, the airline sector is witnessing an increase in the number of air passengers across the globe. A surge in air passenger traffic has also accelerated the production of commercial as well as passenger aircraft, thereby creating lucrative growth opportunities for the aerospace landing gear market. Studies conducted at Global Market Insights Inc. suggest that the aerospace landing gear market is expected to surpass USD 19 billion by 2026. • As per a recent report, global aircraft manufacturers Airbus and Boeing were slated to develop more than 1,750 aircraft in 2019, which increased from 1,606 units in 2018. Moreover, as air connectivity continues to become more efficient and accessible, the Aerospace landing gear market is anticipated to witness increased traction in the commercial aircraft sector. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Companies like Safran Landing Systems are compressing their design & development cycle to decrease cost and enhance product availability. Proactive steps taken by manufacturers to decrease weight, minimize the volume and improve performance & life cycle is expected to accelerate the landing gear market share. • Based-on the arrangement, the tri-cycle segment is expected to record USD 15 billion in revenue by 2026. Tri-cycle landing gears are extensively used in all cutting-edge aircraft, accelerating aerospace landing gear industry growth. Jet-powered Aircraft manufactures are equipping aircraft with tri-cycle gears to avoid high-speed gases and blasts from causing damage to the surface. Besides, tri-cycle gears are convenient to handle and have decreased weight and drag compared to their counterparts. • Apparently, industry participants have been striving to tap the unexplored arenas and come up with a gamut of cutting-edge products in the medical X-day sector. These companies are adopting cutting-edge technologies like 3D manufacturing and additive to overcome non-function and functional challenges. • However, the ongoing COVID-19 pandemic has impacted air travel worldwide, owing to strict travel restrictions and widespread lockdowns by governments across the globe. In fact, the AAPA (Association of Asia Pacific Airlines, the air cargo demand in May 2020 decreased by 19%, which is expected to negatively restrain the overall demand for aerospace landing gears over the ensuing years. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2343 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • Latin America is anticipated to offer lucrative growth opportunities to the aerospace landing gear market. Studies suggest that the regional market is expected to grow at a 4.5% CAGR over the ensuing years. The region recorded high passenger growth post-government stabilization and enhanced economic performance. In fact, as per the CAPA, in the previous ten years, the number of seats available in airlines in the region surged by 3.2 times. Such growth will accelerate aerospace landing gear market size across the region over the forecast period. • Competitive Analysis • Key Player in the market are: AAR Corp., Aeropol Aviation Services Corp., Aerospace Turbine Rotables, Inc., Aviatechnik , Circor Aerospace, Inc, Delta TechOps, Eaton Corporation, FL Technics, GKN Aerospace, Hawker Pacific Aerospace, Heroux-Devtek, Inc., Liebherr Group, Magellan Aerospace, Next MRO, Safran Landing Systems, SPP Canada Aircraft, Inc., Sunvair, Triumph Group, Inc., UTC Aerospace Systems and Whippany Actuation Systems © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Aerospace Landing Gear Market @ https://www.gminsights.com/industry-analysis/aerospace-landing-gear-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2343 Request for customization: https://www.gminsights.com/roc/2343 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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