Market Insights
"The global aircraft landing gear market value was US$ 7 billion in 2023 and is likely to grow at a brisk CAGR of 5.1% in the long run to reach US$ 9.91 billion in 2030."
Introduction
The aircraft landing gear market involves a diverse array of stakeholders, including major aircraft manufacturers, private enterprises, distributors, suppliers, retailers, and end users such as airlines and military forces. Significant influencers within this industry encompass investors, funders, academic researchers, distributors, service providers, and defense procurement authorities. Together, these interconnected participants actively shape market dynamics, drive innovation, and make strategic decisions, illustrating the dynamic and essential role of the aviation sector.
Drivers
1. Aircraft manufacturing rise drives landing gear demand.
2. Fleet modernization boosts new gear needs.
3. Increased deliveries forecast amid post-pandemic recovery.
4. Airbus and Boeing exceed 2023 aircraft delivery figures.
5. IATA projects 4.7B aircraft passengers in 2024.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Aircraft-Type Analysis
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Fixed-Wing Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicles, and Advanced Aircraft Mobility
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Fixed-wing aircraft is expected to lead the Aircraft landing Market in coming years.
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End-User-Type Analysis
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OEM and Aftermarket
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OEM end users are expected to maintain a strong position in the market.
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Type- Analysis
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Main Landing Gears and Nose Landing Gears
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Main landing Gears have a higher market share than Nose landing Gears and are estimated to maintain it.
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Subsystem-Type Analysis
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Actuation systems, Steering systems, Braking systems, Structural systems, and Other Subsystems
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Structural Systems are the trend and have better growth factors, which are critical in the industries.
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Region-Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America holds the largest share globally. Europe and Asia-Pacific regions also expect growth.
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Aircraft Trends
“Fixed-wing aircraft have a bigger market share than others, particularly for efficiency in long-distance travel and ability to carry heavy payloads.”
- Aircraft type for Aircraft Landing Gears Market is segmented into Fixed-Wing Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicles, and Advanced Aircraft Mobility.
- Aircraft Landing Gears Market is segmented into Fixed-Wing Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicles, and Advanced Aircraft Mobility.
- Fixed-Wing Aircraft - Fixed-wing aircraft are preferred over other types, particularly for efficiency in long-distance travel with speed and stability and the ability to carry heavy payloads. These characteristics make fixed-wing aircraft the preferred choice for many commercial, cargo, and long-range military operations
End User Trends
“OEM (Original Equipment Manufacturer) end users are expected to maintain a strong position in the landing gears market due to technological advancements and expansion in aircraft fleet.”
- End User for Aircraft Landing Gears Market is segmented into OEM and Aftermarket.
- OEM can innovate and customize landing gear systems to meet the specific needs of end users, hence growth is poised.
- Aftermarket services contribute to a more sustainable and profitable product lifecycle but may not be as effective as OEMs.
By Type
“Main landing Gears have a higher market share than Nose landing Gears as load bearing and production volume, help it dominate the market.”
- By type the market is segmented into Main landing Gears and Nose landing Gears.
- Main Landing Gears supports the aircraft’s weight, absorbs landing shocks, and includes wheels, brakes, and struts for ground operations hence have a bigger share in the market, which is expected to grow better in coming years.
- Nose Landing Gears is located at the aircraft’s front, provide directional stability, absorb landing impact, and includes wheels for ground maneuvering, is expected to maintain its share and grow more than in previous years.
Subsystem Trends
“Structural systems in subsystems lead to improved performance, efficiency, and reliability, which are critical factors in aircraft landing.”
- The subsystem is segmented into actuation systems, steering systems, braking systems, structural systems, and other subsystems.
- Structural systems that include cutting-edge materials like carbon fiber for durability, efficiency gain, and support weight during landing and taxiing are expected to grow steadily.
- Actuation systems in aircraft landing gear utilize hydraulic or electric mechanisms for reliable operation, which is critical to aircraft and promising for investments and development, estimated to have a gradual growth.
Regional Insights
“The Aircraft Landing Gears sector in North America is experiencing significant growth due to various factors.”
- North America is the largest market for aircraft landing gear, as it has a robust aviation industry.
- Europe's aircraft landing gear market is expected to grow significantly due to increasing passenger demand.
- The Asia-Pacific region is showing growth in both population and infrastructure, making it a promising area.
Key Players
The market is highly fragmented with the presence of under 100 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the Aircraft Landing Gears Market.
Here is the list of the Top Players (Based on Dominance)
- Collins Aerospace
- Safran S.A.
- Honeywell International
- Héroux-Devtek Inc.
- Eaton Corporation
- GKN Aerospace
- Liebherr Group
- Triumph Group
- Magellan Aerospace
- AAR Corp
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth analysis of the Aircraft Landing Gear Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional and country level historical data and forecasts
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Which are the most attractive market segments?
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Market segment analysis and forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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The aircraft landing gear market is segmented into the following categories:
By Type:
- Main Landing Gear
- Nose Landing Gear
By Platform Type:
By Application Type:
- Commercial
- Business
- Military
- Others
By Aircraft Type:
- Narrow-body aircraft
- Wide-Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
By Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aircraft landing gear market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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