Expected To Boost Future Growth Of Aircraft Landing Gear Industry.
"Challenges related to landing gear design and development may restrain the future growth" Aircraft landing gearis led by the North American region in 2018. North America led the global aircraft landing gear with more than 40% share, followed by Europe and Asia Pacific. The presence of well developed countries such as the US and Canada and high focus on aerospace and defense sector are two of the major factors responsible for the growth of aircraft landing gear market in this region. The North American region is also a hub of some of the world’s largest aircraft and helicopter manufacturers such as Boeing, Textron, Gulfstream, Lockheed Martin, Northrop Grumman, Piper Aircraft Inc., Cirrus Design Corporation, Electric Aircraft Corporation, and Bombardier. Hence, the presence of major aircraft manufacturers and increasing production of aircrafts for both commercial and military operations due to increasing global demand, are two of the major factors that are expected to drive