Reportlinker has announced the commercial aircraft landing gear market is anticipated to register a CAGR of 3.53% during the forecast period, the company said.
Driving the market is an increase in the number of orders for new aircraft. The growing demand for lightweight landing gear is forcing manufacturers to adopt new techniques and materials for the parts and components of the landing gear.
New aircraft programs in the Asia-Pacific region will offer new opportunities for the landing gear manufacturers to expand in this region.
The narrow-body aircraft segment is expected to dominate the commercial aircraft landing gear market. With the growing number of orders for new aircraft, a simultaneous demand is likely to be generated for the landing gear system. THéroux-Devtek, Safran, Honeywell International, and Triumph Group are the major players in the commercial aircraft landing gear market.
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