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North America Landing Gear & Undercarriage Market is Expected to Reach $2022.2 Million in 2018 - New Report by MicroMarket Monitor

(PRWEB) August 05, 2014

The North American aircraft landing gear systems market under commercial aviation is estimated at $1,550.8 million in 2013, and it is expected to reach $2,022.2 million by 2018 at a CAGR of 4.52%. North America has the second-highest concentration of aircraft landing gear systems companies, with the United States being the main hub.

Browse through the TOC of the North American aircraft landing gear systems market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the North American aircraft landing gear systems market, and is supported by various tables and figures.

Aircraft landing gear system is a major component of an aircraft that allows it to taxi, take-off, and land. The main objective behind this report is to identify the emerging trends in this growing market and to understand the market dynamics during the forecast period of 2013 to 2018. The current market size can be estimated to reach $4,095.80 million by 2017.

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Aircraft landing gear system market covers nose landing gear and main landing gear. These systems differ according to the type of aircraft, depending on the size of the aircraft. The initial design and sizing of the system is a challenge in the development of landing gear, as it encompasses numerous engineering disciplines. Each landing gear has a shock strut, and is designed to absorb the shock that would otherwise be transmitted to the airframe during landing, taxing, and take-off. The major components of a landing gear include hydraulics systems, wheels, shock strut, retraction actuators, and brakes assembly.

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This report includes the market share, supply chain, and value chain analyses, besides market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.

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Europe Landing Gear & Undercarriage Market
A landing gear is a complex structure that supports and stabilizes an aircraft on ground. A commercial aircraft has a nose and main landing gear; these system components include brakes, shock absorbers, retraction mechanisms, wheels and tires, actuators, and hydraulic systems. The extension and retraction of the gear and the operation of the doors are controlled by Landing Gear Control and Interface Units (LGCIUs). The estimated market revenue of the European aircraft Landing Gear & Undercarriage market has increased from $1,691.40 million in 2013 to $2,073.60 million in 2018. The CAGR for this period is estimated at 3.45%.

This report presents a complete analysis of the Landing Gear & Undercarriage market in Europe across the forecast period of five years (2013-2018). It analyses the market by aircraft type, landing gear type, and geography. Aircraft types are further segmented into very large aircraft, wide body aircraft, narrow body aircraft, and regional transportation aircraft.

The market size shows an increase over the forecasted period and will continue to be a fast-evolving market. Increase in air traffic, increase in passenger travel growth rate, and new aircraft orders are the factors which are driving the growth of the market. It is observed that the narrow body aircraft segment has the highest market value compared to the other aircraft types.

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