Portland, OR -- (SBWIRE) -- 06/13/2017 -- An undercarriage of the aircraft, spacecraft that is entitled to sustain the entire weight associated with the aircraft during takeoff and landing, is known as landing gear. To maintain the optimum desired ratio between payload associated with the entire aircraft and flight range of the aircraft, weight reduction is a prominent factor that has enabled the need for technologically advanced landing gears to achieve fuel efficiency. Technological advancements and R&D initiatives associated with the supplementary market, such as steering system, actuation system and brake system, have initiated the market growth. The drivers considered in this report are growth of air traffic and airline industry, and demand for advanced lightweight landing gears. Moreover, need for fuel efficiency and improvement in operational performance of the commercial aircraft are the challenges faced in the market. Landing gears for various types of commercial aircraft include narrow-body/single-aisle aircraft, medium wide-body aircraft, large wide-body aircraft, and regional jets. Rise in market share for narrow-body, single-aisle aircraft, which predominantly proffered by low-cost carriers for short-range flights, is expected to affect the market growth positively. Regional jets are projected to experience highest growth rate due to increased number of travel across short routes among countries such as the U.S. and Canada. EMEA shows prominent growth rate owing to the fast paced growth of the airline industry in this region, which would support the growth of landing gear market.

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Wide-body aircraft segment occupies maximum market share; however, the regional jets segment is expected to grow at the highest pace. Geographically, the market is analyzed and classified on the basis of regional growth factors and impacting trends into Americas, Asia-Pacific, and EMEA). Key players profiled in this report include CIRCOR Aerospace, Hroux-Devtek, Liebherr Group, Messier-Bugatti-Dowty, and UTC Aerospace Systems.

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Commercial Aircraft Landing Gear Market Segmentation:

The market is segmented on the basis of aircraft type, and geography.

By Aircraft Type

- Narrow-body aircraft
- Wide-body aircraft
- Regional jets

By Geography

- Americas
- Asia-Pacific (APAC)
- Europe, Middle East, and Africa (EMEA)

Key Players

- CIRCOR Aerospace
- Heroux-Devtek
- Liebherr Group
- Messier-Bugatti-Dowty
- UTC Corporation