Rotary wing is projected to grow substantially from 2017 to 2024. The high growth rate can be attributed to rising demand for helicopters, especially from military segment due to increasing usage for emergency medical services, critical missions, and transportation. By product, aerospace landing gear market is segmented into main and nose landing gears. Main landing gear is expected to capture maximum revenue share over the next eight years owing to their prominence in the overall support for aircraft take-offs and landings. Higher strength than its counterpart is another factor supporting the segment’s dominance. Aerospace landing gear market can be segmented based on applications into business, commercial, and military. Commercial sector is likely to capture significant industry share over the forecast timeframe owing to high deployment of landing gears in narrow body, wide body, and regional aircrafts. Rising demand of new aircrafts, especially from regional airline operators in emerging countries will further support the industry dominance. Liebherr-International AG, AAR Corp., Safran S.A., Circor International, Inc., Magellan Aerospace Corporation, and HÊroux-Devtek Inc. are among the noticeable participants in aerospace landing gear market. Other prominent players include United Technologies Corporation, Triumph Group Inc., SPP Canada Aircraft, Inc., Whippany Actuation Systems, and GKN Aerospace Services Ltd. Competitors are focusing on product transformations to offer cost-effective solutions for aircraft manufacturers. About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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