Aircraft Landing Gear Market Insights

“The global aircraft landing gear market size was US$ 9.8 billion in 2023 and is likely to grow at a healthy CAGR of 2.8% in the long run to reach US$ 14.1 billion in 2034.”

Introduction

A landing gear system comprises a comprehensive mechanism that works together to execute safe take-off and landing operations. It serves as a structural framework that absorbs the impact forces during landing and provides stability while the aircraft is stationary or moving on the ground. Key components of landing gear include wheels & tires, shock absorbers, braking systems, and retractable actuators. Advanced systems in some aircraft now include sensor integration, automated deployment, and fault detection to enhance safety and efficiency. Landing gear can also be classified as either fixed or retractable. Fixed landing gear always remains extended and has the advantage of simplicity combined with low maintenance. The retractable landing gear is designed to streamline the airplane (reduce the drag) by allowing the landing gear to be stowed inside the structure during cruising flight.

Market Drivers

One of the most significant factors driving the aircraft landing gear market is the increasing global demand for air travel and the expansion of commercial aircraft fleets. Many airlines are investing in new aircraft to meet the growing demand for air travel, boosting the demand for landing gear systems. Integrating advanced materials like composites, smart sensors, and electric actuation systems in landing gear drives innovation in this market. These developments improve durability, reduce maintenance, and enhance overall performance. Moreover, landing gear systems are subject to wear and tear, and regular maintenance is essential to ensure safe operations, creating opportunities for MRO service providers to meet the growing demand for landing gear repairs and replacements, thus further driving the market growth.

Aircraft Landing Gear Market Segments' Analysis

Aircraft Insights

“Commercial aircraft is expected to witness healthy growth in the future with the growing demand for affordable travel and more regional connectivity.”

The aircraft landing gear market is segmented into commercial aircraft, military aircraft, general aircraft, regional aircraft, helicopters, and UAVs. Commercial aircraft is dominating the aircraft landing gear market owing to increasing fleet size, aligned with the increasing MRO services for aging fleets. Regional aircraft are expected to witness the fastest growth during the forecast period, fueled by their growing appeal as a cost-effective option. Additionally, many countries are investing in the development of regional airports and air routes to enhance connectivity and carrier services, thus increasing demand for landing gear systems.

End-Use Insights

“The OE segment accounted for the largest market share."

The aircraft landing gear market is segmented into OE and Aftermarket. The OE end-use type is poised to experience growth in the coming years because of the increased aircraft production. The increasing air traffic and demand for fuel efficiency have driven increased production by major manufacturers like Airbus and Boeing, thereby increasing orders for new landing gear systems. In their newer designs of landing gear systems, OEMs are also integrating advanced technologies. These include lightweight materials, electric actuation systems, and IoT-enabled sensors to maximize performance and decrease operational costs?, gradually increasing the OEM market for landing gear systems.

Aisle Insights

“Twin-Aisle type is most likely to grow more in the future as the demand for long-haul flights is increasing.”

The aircraft landing gear market is segmented into single-aisle aircraft and twin-aisle aircraft. Twin-aisle aircraft are predominantly used for international and long-haul routes due to their larger passenger and cargo capacity. With the growth in global air travel and the reopening of international borders post-pandemic, the demand for wide-body aircraft is increasing, thus increasing the demand for landing gear systems. The rise in e-commerce and global supply chain expansions has boosted demand for wide-body freighters, which use landing gear systems similar to those of passenger twin-aisle aircraft.

Wing Insights

“Fixed-wing aircraft segment accounted for the largest market share."

The aircraft landing gear market is segmented into fixed-wing aircraft and rotary-wing aircraft. Fixed-wing aircraft is expected to grow more in the coming years because of increasing demand for commercial aircraft and increasing air traffic. The growth in global air travel, particularly after the recovery from the pandemic, is fueling the demand for commercial and regional fixed-wing aircraft. As airlines expand their fleets to meet rising passenger demand, the need for landing gear systems for these aircraft will grow. Many airlines are modernizing their fleets with more fuel-efficient fixed-wing aircraft.

Landing Gear Insights

“Main landing gear will experience more growth in the coming years due to its critical role in supporting most of an aircraft's weight.”

The market is segmented based on the type of landing gear: main landing gear and nose landing gear. The main landing gear is expected to experience more growth in the coming years due to its critical role in supporting most of an aircraft's weight during landing and takeoff. High wear and tear due to the main landing gear's load-bearing function often leads to increased demand for replacement parts, MRO activities, and technological upgrades to enhance durability and efficiency.

Regional Insights

“Asia-Pacific is anticipated to experience the fastest growth in the coming years, driven by its rapidly expanding aviation industry, while North America continues to hold the largest market share, owing to its status as the hub for major aircraft manufacturers.”

Asia-Pacific is anticipated to be the fastest-growing region for aircraft landing gear, fueled by the rapid expansion of the aviation industry in countries such as China and India driven by increasing passenger traffic, advancements in MRO services for fleet upgrades, and a growing middle class with rising disposable incomes

North America holds a dominant position in the market primarily due to the presence of major aircraft manufacturers like Boeing, a strong domestic aviation industry with large airlines, significant investment in research and development, and a well-established MRO sector. These factors contribute to the high demand for advanced landing gear systems within the region.

Key Players

The market is consolidated, with a few players holding a fair market share across regions. The following are the key players in the aircraft landing gear market:

Here is the list of the Top Players (Based on Dominance)

• Safran SA
• Collins Aerospace (RTX Corporation)
• Héroux-Devtek Inc.
• Liebherr-International AG
• Sumitomo Precision Products Co., Ltd.
• Magellan Aerospace
• Triumph Group, Inc.
• Eaton Corporation
• AAR Corp.
• Revima Group
• GKN Aerospace
• ELEB (Embraer Equipment Division)

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. Please write to us at sales@stratviewresearch.com

Recent Developments of Aircraft Landing Gear Market

Recent Market JVs and Acquisitions:

In September 2024, Capital A MRO subsidiary Asia Digital Engineering (ADE) and Garuda Maintenance Facility AeroAsia (GMF) announced that they would enter a joint venture (JV) to invest in a landing gear facility aimed at serving the bullish Southeast Asian market.

Recent News:

In November 2021, Ethiopian Airlines partnered with Boeing Global Services for a five-year landing gear exchange program for its 787 model? maintenance operations.

Recent Product Development:

In November 2024, Norsk Titanium, a global leader in additive manufacturing for aerospace-grade structural titanium components using its patented Rapid Plasma Deposition technology, announces a collaborative effort with Safran Landing Systems, a world leader in landing and braking systems, to apply RPD to landing gear applications.

In July 2022, Safran Landing Systems, a leading name in landing and braking technology, developed an advanced electric nose wheel steering and extension/retraction system tailored for narrowbody and widebody commercial aircraft.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so 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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The Aircraft Landing Gear Market is segmented into the following categories:

By Aircraft Type

• Commercial Aircraft
• Military Aircraft
• General Aircraft
• Regional Aircraft
• Helicopters
• UAVs

By End-Use Type

• OE
• Aftermarket

By Aisle Type

• Single-Aisle Aircraft
• Twin-Aisle Aircraft

By Wing Type

• Fixed Wing Aircraft
• Rotary Wing Aircraft

By Gear Type

• Main Landing Gear
• Nose Landing Gear

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia and Rest of the Europe)
• Asia-Pacific (Country Analysis: India, Japan, China, and Rest of Asia-Pacific)
• Rest of the World (Sub-Regional Analysis: Saudi Arabia, Brazil 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 and investors in identifying the low-hanging fruits available in the market and formulating 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.

Over 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 three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across industries. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com