TechNavio recognizes the following companies as the key players in the Global Commercial Aircraft Landing Gears Market: Eaton Corporation plc, Liebherr-International AG, Messier Bugatti Dowty SA, and UTC Aerospace Systems.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends being witnessed in the Global Commercial Aircraft Landing Gears market is the demand for low-maintenance landing gears. Generally, an airline incurs huge expenditure on the MRO of aircraft. However, this can be reduced by using efficient components that have a better service life. As aircraft landing gears are built to withstand hot, humid or cold climatic conditions, they have to be constantly replaced to be able to withstand the harsh weather conditions. Thus, the demand for cost-effective and low-maintenance landing gears increases. This trend is expected to have a positive impact on the growth of the market in future years.”
According to the report, the major growth driver is the increase in the passenger traffic that will cause numerous airlines to increase their aircraft fleet size, which will also increase the demand for commercial aircraft landing gears.
Further, the report states that the major challenge for the market is the increase in technological advancements in the aircraft. Because of the changing technology advancements, the vendors have to invest more in the production of new advanced landing gear systems. Hence, the landing gear systems present in inventory lose their market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-commercial-aircraft-landing-gears…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Commercial Aircraft Landing Gears Market 2012-2016
