Global Commercial Aircraft Landing Gear Market was valued US$ XX Bn in 2018 and is expected to reach US$ 17.34 Bn by 2026, at CAGR of XX% during forecast period.
To know about the Research Methodology :- Request Free Sample Report Global commercial aircraft landing gear market is driven by factors such as the growing nee d for new advanced aircraft coupled with early growth in the global air traffic industry. This is one of the most significant systems mounted on an aeroplane since the landing gear suppor ts the complete load of the aircraft during landing and take-off. Some factors indirectly affect the market growth like price drop in airfare because of the low price of oil has fortified people to travel more via air. The improvement in air traffic has led to the rise of new airline services that is expected to drive the market growth of commercial aircraft landing gears market durin g the forecast period. The growing need for global connectivity coupled with fare cut of air tr ansport is likely to increase the demand of aircraft, which in turn is projected to boost the gro wth of the global aircraft landing gear market. Additionally, increasing procurement of UAVs and fighter jets across the nations is further likely to boost the demand of aircraft landing ge ar market throughout the forecast period.The report study has analyzed revenue impact of C OVID -19 pandemic on the sales revenue of market leaders, market followers and market di srupters in the report and same is reflected in our analysis. Furthermore, increasing demand for new aircraft as a result of growth in air travel and the ne ed for global connectivity is the major driving factor in the global aircraft landing gear market . There is a growing demand for lightweight aircraft consequently, the demand for lightweigh t landing gear is also increasing. Moreover, the increasing demand for Unmanned Air Vehicl es (UAVs) in military and defence sectors is further projected to boost the demand for aircra ft landing gear from military aviation during the forecast period. At the same time, the lack of relevant proper safety and strict regulations are the major limitation to the global developme nt of the industry. Also, the cost of R&D to improve these products is expected to be the limi