The report of Commercial Aircraft Landing Gear Market are by type (main landing gear, nose landing gear), by platform (fixed wing, rotary wing), by application (commercial aviation, business aviation, military aviation, others), by aircraft type (narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft),by region (North America, Europe, Asia-Pacific, South America, Middle East & Africa).
Rotary wing segment is expected to hold the maximum market share in commercial aircraft landing gear market during the forecast period.
On the basis of platform, the rotary wing segment was dominating in commercial aircraft landing gears market since the past few years. And it is expected to maintain its dominance during the forecast period. The growth in the rotary wing segment because of the increasing demand for helicopters from the military and defence sector. Demand for helicopters can be attributed to the growing application of helicopters for transport, emergency medical services, and special missions.
Asia Pacific is expected hold the maximum market share in commercial aircraft landing gear market during the forecast period:
In terms of region, the Asia Pacific region is expected to show significant growth during the forecast period. The demand for commercial aviation is increasing as a result of the rise in GDP levels of the emerging economies and also the growing income level of the middle-class society, in that way make flying more affordable. The region is estimated to achieve unprecedented long-term growth in commercial aviation. This growth is expected to generate considerable economic impacts from the commercial aerospace and facilitate over-all growth in developing countries from the catalytic effect of increased global connectivity.
According to the International Air Transport Association (IATA), the global air passenger traffic has enlarged by 7.9 % in 2017 as compared to the previous year. The global aeroplane connectivity has considerably increased with the establishment of more than 700 new routes. The demand for air travel is expanding aggressively in many emerging economies, like India, Malaysia, China, and Thailand, which in turn has directed to a growing demand for landing gear systems across the world.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Commercial Aircraft Landing Gear market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global commercial aircraft landing gear market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain commercial aircraft landing gear market positioning of competitors.
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