Global Aircraft Landing Gear Market
Aircraft Landing Gear Market Size And Forecast
According to Verified Market Research, Global Aircraft Landing Gear Market was valued at USD 10.12 Billion in 2018 and is projected to reach USD 16.23 Billion by 2026, growing at a CAGR of 6.57% from 2019 to 2026.
Global Aircraft Landing Gear Market Outlook
To sustain the optimal desired ratio concerning payload associated with an aircraft and the flight range of an aircraft, weight reduction has become prominent factor that enabled the requirement for technologically-advanced landing gears to attain fuel efficiency. This is further propelling the growth of the global aircraft landing gear market. Apart from this, rising demand for lightweight landing gear with the development of lightweight raw material is providing lucrative growth opportunities to the market vendors. However, the complex design of landing gear and lack of skilled workforce may restrict the market growth.
Global Aircraft Landing Gear Market Competitive Landscape
The Global Aircraft Landing Gear Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as UTC Aerospace System, UTC Aerospace System, Parker Hannifin Corporation, Safran S.A., and Liebherr-International AG.
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