Aerospace Landing Gear Market Size By Position (Main Landing Gear, Nose/Tail Landing Gear), By Arrangement (Tail Wheel, Tandem, Tri-cycle), By Platform (Fixed Wing [OEM, MRO], Rotary Wing [OEM, MRO]), By Aircraft (Military Aircraft [Fixed Wing, Rotary Wing], Commercial Aviation, General Aviation [Business Aviation, Regional Jets], By Distribution Channel (OEM, MRO), Industry Analysis Report, Regio
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Aerospace Landing Gear Market Size By Position (Main Landing Gear, Nose/Tail Landing Gear), By Arrangement (Tail Wheel, Tandem, Tri-cycle), By Platform (Fixed Wing [OEM, MRO], Rotary Wing [OEM, MRO]), By Aircraft (Military Aircraft [Fixed Wing, Rotary Wing], Commercial Aviation, General Aviation [Business Aviation, Regional Jets], By Distribution Channel (OEM, MRO), Industry Analysis Report, Regio
Aerospace Landing Gear Market Size By Position (Main Landing Gear, Nose/Tail Landing Gear), By Arrangement (Tail Wheel, Tandem, Tri-cycle), By Platform (Fixed Wing [OEM, MRO], Rotary Wing [OEM, MRO]), By Aircraft (Military Aircraft [Fixed Wing, Rotary Wing], Commercial Aviation, General Aviation [Business Aviation, Regional Jets], By Distribution Channel (OEM, MRO), Industry Analysis Report, Regio
Aerospace Landing Gear Market Size
Aerospace Landing Gear Market size exceeded USD 18.6 billion in 2019 and is estimated to exhibit 4.9% CAGR from 2020 to 2026.
Positive trends from private ownership firms with favorable investments will further support the industry demand. Growth in commercial aircraft owing to increasing air passenger traffic is the key feature driving the market.
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Increasing purchasing power of the consumer along with a preference for air travel due to superior safety will fuel the demand for new aircraft and aerospace landing gears. Aircraft manufacturers are continuously concentrating on reducing flight rates further attracting passengers who prefer air travel. Low commodity prices, stable GDP growth, and strong passenger demand are the key factors influencing product penetration. Rising affordability among the middle-income population for air travel with low airfares coupled with growth in the tourism sector will further support the industry expansion and strengthen demand for the market.
Rising defense budget with demand for next-generation military aircraft will positively boost the market growth. The replacement of in-service aircraft with fifth-generation aircraft is a significant trend in the aviation industry. Increasing defense budgets impelled by the requirement for R&D and military aircraft with advanced systems will spur the industry value. The U.S. defense budget accounted for over USD 616.2 billion in 2019. In addition, superior demand for military aircraft, particularly from the UAE, Saudi Arabia, South Korea, China, and India, with the purchase of advanced equipment will augment the market revenue.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Aerospace Landing Gear Market Size in 2019 | 18,607.9 Million (USD) |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 4.9% |
| 2026 Value Projection | 19,522.8 Million (USD) |
| Historical Data for | 2016 to 2019 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 354 |
| Segments covered | Position, Arrangement, Platform, Aircraft, Distribution Channel and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Aerospace Landing Gear Market Analysis
The commercial aviation segment in the aerospace landing gear market valued at USD 15 billion in 2019 propelled by the substantial production of these aircraft worldwide. The aerospace sector is witnessing increasing demand for aircraft including B737, A350XWB, B787, and A320. Rising disposable income is resulting in shifting preference for air travel. The growing air passenger traffic in developing countries will further contribute to revenue generation. Moreover, COVID-19 has significantly impacted air traffic growth in 2020.
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The OEM segment dominated around 60% of the aerospace landing gear market share in 2019. The rising aircraft production capacity of major manufacturers is sufficing the overall industry growth. Growing passenger fleet with affordability and development in lifestyle is inducing a positive impact on product growth. Tier 1 and Tier 2 aerospace industry players are improving the supply chain of major components and pursuing low-cost sourcing solutions. Industry participants are entering into long-term supply agreements with the aircraft manufacturers to reduce the overall airplane backlogs. There is an increasing demand for military aircraft by numerous countries to replace aging fighter aircraft.
According to the International Civil Aviation Organization (ICAO), with optimization of benefits and sustained growth, there is a requirement for modernized air transport facilities along with infrastructure. These needs result in increasing investments in new airport construction, which are expected to create significant opportunities for MROs service providers. In 2019, there were nearly 423 new airports under construction or planned, out of which around 220 projects are in Asia Pacific and 58 are in Europe. Additionally, China alone plans to construct around 200 airports by the end of 2035. Growing number of airports will require adequate facilities to repair and maintain aircraft landing gears.
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North America aerospace landing gear market led by the U.S. is poised to observe over 4.5% growth rate till 2026. In 2019, the U.S. alone produced more than 160 fighter aircraft and alone held over 40% of the global fighter aircraft production. Furthermore, prominent U.S. aircraft manufacturers, Boeing and Lockheed Martin witnessed a significant number of orders despite the COVID-19 pandemic. For example, in 2020, Boeing signed a contract with the U.S. Navy to provide three MQ-25 unmanned aerial refueling aircraft. The requirement to maintain global military supremacy and avoid security threats from other nations will enhance the aircraft demand.
Aerospace Landing Gear Market Share
With the increasing demand for fifth-generation fighter aircraft, many manufacturers are collaborating with fifth-generation aircraft manufacturers to provide their products in the future. The market is highly competitive with the presence of multiple small & large market players worldwide. Industry leaders are engaged in partnerships with aircraft manufacturers or with aircraft service providers to gain a competitive edge over other companies.
Some of the key companies operational in the aerospace landing gear market are
- Heroux-Devtek, Inc
- Safran landing Systems
- SPP Canada Aircraft, Inc
- Triumph Group
- UTC Aerospace Systems
- Magellan Aerospace
- Liebherr Group
- Hawker Pacific Aerospace
- GKN Aerospace
- Eaton Corporation
Major industry participants are focusing on improving their presence in the aftermarket and MRO services markets.
This market research report on aerospace landing gear includes in-depth coverage of the industry with estimates & forecast in terms of volume in Units and revenue in USD million from 2016 to 2026 for the following segments
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Market, By Position
- Main LG
- Nose/Tail LG
Market, By Arrangement
- Tail Wheel
- Tandem
- Tri-cycle
Market, By Platform
- Fixed Wing
- OEM
- MRO
- Rotary Wing
- OEM
- MRO
Market, By Aircraft
- Military
- Fixed Wing
- Rotary Wing
- Commercial Aviation
- General Aviation
- Business Aviation
- Regional Jets
Market, By Distribution Channel
- OEM
- MRO
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- Russia
- Netherlands
- Sweden
- Asia Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- Qatar
- UAE
- South Africa
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Market definitions
1.2 Base estimation & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific (APAC)
1.2.4 Latin America (LATAM)
1.2.5 Middle East & Africa (MEA)
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
Chapter 2 Executive Summary
2.1 Global Aerospace Landing Gear industry 360° synopsis, 2016 - 2026
2.1.1 Business trends
2.1.2 Position trends
2.1.3 Arrangement trends
2.1.4 Platform trends
2.1.5 Aircraft trends
2.1.6 Distribution channel trends
2.1.7 Regional trends
Chapter 3 Global Aerospace Landing Gear Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.2.1 Component suppliers
3.2.2 Manufacturers
3.2.3 Profit margin analysis
3.2.4 Distribution channel analysis
3.2.5 End-users
3.2.5.1 OEM
3.2.5.2 MROs
3.2.6 Vendor matrix
3.3 Technology landscape
3.3.1 Brake System
3.3.2 Nose Wheel Steering System
3.3.3 CAX Technologies
3.3.4 Maintenance
3.3.4.1 Health monitoring
3.3.4.2 Wireless sensor network
3.3.4.3 RFID Technology
3.4 Information on the MRO market
3.4.1 Changing trend from heavy overhaul to on-condition MRO
3.4.2 MRO spend comparison between Boeing & Airbus Aircraft
3.5 Pricing trends
3.5.1 By Region
3.5.1.1 North America
3.5.1.2 Europe
3.5.1.3 Asia Pacific
3.5.1.4 Latin America
3.5.1.5 MEA
3.6 Overhaul pricing trends, by region
3.6.1.1 North America
3.6.1.2 Europe
3.6.1.3 Asia Pacific
3.6.1.4 Latin America
3.6.1.5 MEA
3.6.2 Cost structure analysis, 2019
3.7 Regulatory landscape
3.7.1 U.S.
3.7.2 Europe
3.7.3 Asia Pacific
3.7.4 Latin America
3.7.5 MEA
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 North America
3.8.1.2 Europe
3.8.1.3 Asia Pacific
3.8.1.4 Latin America
3.8.1.5 MEA
3.8.2 Industry pitfalls & challenges
3.8.2.1 Design and development challenges
3.8.2.2 High MRO expenses
3.9 Innovation & sustainability
3.10 Growth potential analysis, 2019
3.11 Porter’s analysis
3.12 Competitive landscape
3.12.1 Top player’s analysis, 2019
3.12.2 Strategy dashboard
3.13 PESTLE analysis
Chapter 4 Aerospace Landing Gear Market, By Position
4.1 Global aerospace landing gear market insights, by position
4.2 Main landing gear
4.2.1 Global market estimates and forecasts, 2016 - 2026
4.2.2 Market estimates and forecast, by region, 2016 - 2026
4.3 Nose/Tail landing gear
4.3.1 Global market estimates and forecasts, 2016 - 2026
4.3.2 Market estimates and forecast, by region, 2016 – 2026
Chapter 5 Aerospace Landing Gear Market, By Arrangement
5.1 Global aerospace landing gear market insights, by arrangement
5.2 Tail Wheel
5.2.1 Global market estimates and forecasts, 2016 - 2026
5.2.2 Market estimates and forecast, by region, 2016 - 2026
5.3 Tandem
5.3.1 Global market estimates and forecasts, 2016 – 2026
5.3.2 Market estimates and forecast, by region, 2016 – 2026
5.4 Tri-cycle
5.4.1 Global market estimates and forecasts, 2016 – 2026
5.4.2 Market estimates and forecast, by region, 2016 - 2026
Chapter 6 Aerospace Landing Gear Market, By Platform
6.1 Global aerospace landing gear market insights, by platform
6.2 Fixed Wing
6.2.1 Global market estimates and forecasts, 2016 - 2026
6.2.2 Market estimates and forecast, by region, 2016 – 2026
6.2.3 OEM
6.2.3.1 Global market estimates and forecasts, 2016 - 2026
6.2.3.2 Market estimates and forecast, by region, 2016 – 2026
6.2.4 MRO
6.2.4.1 Global market estimates and forecasts, 2016 - 2026
6.2.4.2 Market estimates and forecast, by region, 2016 – 2026
6.3 Rotary Wing
6.3.1 Global market estimates and forecasts, 2016 - 2026
6.3.2 Market estimates and forecast, by region, 2016 – 2026
6.3.3 OEM
6.3.3.1 Global market estimates and forecasts, 2016 - 2026
6.3.3.2 Market estimates and forecast, by region, 2016 – 2026
6.3.4 MRO
6.3.4.1 Global market estimates and forecasts, 2016 - 2026
6.3.4.2 Market estimates and forecast, by region, 2016 – 2026
Chapter 7 Aerospace Landing Gear Market, By Aircraft
7.1 Global aerospace landing gear market insights, by aircraft
7.2 Military
7.2.1 Global market estimates and forecasts, 2016 - 2026
7.2.2 Market estimates and forecast, by region, 2016 – 2026
7.2.3 Fixed wing
7.2.3.1 Global market estimates and forecasts, 2016 - 2026
7.2.3.2 Market estimates and forecast, by region, 2016 – 2026
7.2.4 Rotary wing
7.2.4.1 Global market estimates and forecasts, 2016 - 2026
7.2.4.2 Market estimates and forecast, by region, 2016 – 2026
7.3 Commercial Aviation
7.3.1 Global market estimates and forecasts, 2016 - 2026
7.3.2 Market estimates and forecast, by region, 2016 – 2026
7.4 General aviation
7.4.1 Global market estimates and forecasts, 2016 - 2026
7.4.2 Market estimates and forecast, by region, 2016 – 2026
7.4.3 Business aviation
7.4.3.1 Global market estimates and forecasts, 2016 - 2026
7.4.3.2 Market estimates and forecast, by region, 2016 – 2026
7.5 Regional jets
7.5.1 Global market estimates and forecasts, 2016 - 2026
7.5.2 Market estimates and forecast, by region, 2016 – 2026
Chapter 8 Aerospace Landing Gear Market, By Distribution channel,
8.1 Global aerospace landing gear market insights, by distribution channel
8.2 OEM
8.2.1 Global market estimates and forecasts, 2016 - 2026
8.2.2 Market estimates and forecast, by region, 2016 – 2026
8.3 MRO
8.3.1 Global market estimates and forecasts, 2016 - 2026
8.3.2 Market estimates and forecast, by region, 2016 – 2026
Chapter 9 Aerospace Landing Gear Market, By Region
9.1 Global aerospace landing gear market insights, by region
9.2 North America
9.2.1 Market estimates and forecast, 2016 - 2026
9.2.2 Market estimates and forecast by position, 2016 – 2026
9.2.3 Market estimates and forecast by arrangement, 2016 – 2026
9.2.4 Market estimates and forecast by platform, 2016 – 2026
9.2.5 Market estimates and forecast by aircraft, 2016 – 2026
9.2.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.2.7 U.S.
9.2.7.1 Market estimates and forecast, 2016 - 2026
9.2.7.2 Market estimates and forecast by position, 2016 – 2026
9.2.7.3 Market estimates and forecast by arrangement, 2016 – 2026
9.2.7.4 Market estimates and forecast by platform, 2016 – 2026
9.2.7.5 Market estimates and forecast by aircraft, 2016 – 2026
9.2.7.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.2.8 Canada
9.2.8.1 Market estimates and forecast, 2016 - 2026
9.2.8.2 Market estimates and forecast by position, 2016 – 2026
9.2.8.3 Market estimates and forecast by arrangement, 2016 – 2026
9.2.8.4 Market estimates and forecast by platform, 2016 – 2026
9.2.8.5 Market estimates and forecast by aircraft, 2016 – 2026
9.2.8.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3 Europe
9.3.1 Market estimates and forecast, 2016 - 2026
9.3.2 Market estimates and forecast by position, 2016 – 2026
9.3.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.4 Market estimates and forecast by platform, 2016 – 2026
9.3.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3.7 Germany
9.3.7.1 Market estimates and forecast, 2016 - 2026
9.3.7.2 Market estimates and forecast by position, 2016 – 2026
9.3.7.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.7.4 Market estimates and forecast by platform, 2016 – 2026
9.3.7.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.7.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3.8 U K
9.3.8.1 Market estimates and forecast, 2016 - 2026
9.3.8.2 Market estimates and forecast by position, 2016 – 2026
9.3.8.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.8.4 Market estimates and forecast by platform, 2016 – 2026
9.3.8.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.8.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3.9 France
9.3.9.1 Market estimates and forecast, 2016 - 2026
9.3.9.2 Market estimates and forecast by position, 2016 – 2026
9.3.9.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.9.4 Market estimates and forecast by platform, 2016 – 2026
9.3.9.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.9.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3.10 Italy
9.3.10.1 Market estimates and forecast, 2016 - 2026
9.3.10.2 Market estimates and forecast by position, 2016 – 2026
9.3.10.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.10.4 Market estimates and forecast by platform, 2016 – 2026
9.3.10.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.10.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3.11 Spain
9.3.11.1 Market estimates and forecast, 2016 - 2026
9.3.11.2 Market estimates and forecast by position, 2016 – 2026
9.3.11.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.11.4 Market estimates and forecast by platform, 2016 – 2026
9.3.11.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.11.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3.12 Poland
9.3.12.1 Market estimates and forecast, 2016 - 2026
9.3.12.2 Market estimates and forecast by position, 2016 – 2026
9.3.12.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.12.4 Market estimates and forecast by platform, 2016 – 2026
9.3.12.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.12.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3.13 Russia
9.3.13.1 Market estimates and forecast, 2016 - 2026
9.3.13.2 Market estimates and forecast by position, 2016 – 2026
9.3.13.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.13.4 Market estimates and forecast by platform, 2016 – 2026
9.3.13.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.13.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3.14 Netherlands
9.3.14.1 Market estimates and forecast, 2016 - 2026
9.3.14.2 Market estimates and forecast by position, 2016 – 2026
9.3.14.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.14.4 Market estimates and forecast by platform, 2016 – 2026
9.3.14.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.14.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.3.15 Sweden
9.3.15.1 Market estimates and forecast, 2016 - 2026
9.3.15.2 Market estimates and forecast by position, 2016 – 2026
9.3.15.3 Market estimates and forecast by arrangement, 2016 – 2026
9.3.15.4 Market estimates and forecast by platform, 2016 – 2026
9.3.15.5 Market estimates and forecast by aircraft, 2016 – 2026
9.3.15.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.4 Asia Pacific
9.4.1 Market estimates and forecast, 2016 - 2026
9.4.2 Market estimates and forecast by position, 2016 – 2026
9.4.3 Market estimates and forecast by arrangement, 2016 – 2026
9.4.4 Market estimates and forecast by platform, 2016 – 2026
9.4.5 Market estimates and forecast by aircraft, 2016 – 2026
9.4.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.4.7 China
9.4.7.1 Market estimates and forecast, 2016 - 2026
9.4.7.2 Market estimates and forecast by position, 2016 – 2026
9.4.7.3 Market estimates and forecast by arrangement, 2016 – 2026
9.4.7.4 Market estimates and forecast by platform, 2016 – 2026
9.4.7.5 Market estimates and forecast by aircraft, 2016 – 2026
9.4.7.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.4.8 India
9.4.8.1 Market estimates and forecast, 2016 - 2026
9.4.8.2 Market estimates and forecast by position, 2016 – 2026
9.4.8.3 Market estimates and forecast by arrangement, 2016 – 2026
9.4.8.4 Market estimates and forecast by platform, 2016 – 2026
9.4.8.5 Market estimates and forecast by aircraft, 2016 – 2026
9.4.8.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.4.9 Japan
9.4.9.1 Market estimates and forecast, 2016 - 2026
9.4.9.2 Market estimates and forecast by position, 2016 – 2026
9.4.9.3 Market estimates and forecast by arrangement, 2016 – 2026
9.4.9.4 Market estimates and forecast by platform, 2016 – 2026
9.4.9.5 Market estimates and forecast by aircraft, 2016 – 2026
9.4.9.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.4.10 South Korea
9.4.10.1 Market estimates and forecast, 2016 - 2026
9.4.10.2 Market estimates and forecast by position, 2016 – 2026
9.4.10.3 Market estimates and forecast by arrangement, 2016 – 2026
9.4.10.4 Market estimates and forecast by platform, 2016 – 2026
9.4.10.5 Market estimates and forecast by aircraft, 2016 – 2026
9.4.10.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.4.11 Singapore
9.4.11.1 Market estimates and forecast, 2016 - 2026
9.4.11.2 Market estimates and forecast by position, 2016 – 2026
9.4.11.3 Market estimates and forecast by arrangement, 2016 – 2026
9.4.11.4 Market estimates and forecast by platform, 2016 – 2026
9.4.11.5 Market estimates and forecast by aircraft, 2016 – 2026
9.4.11.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.4.12 Australia
9.4.12.1 Market estimates and forecast, 2016 - 2026
9.4.12.2 Market estimates and forecast by position, 2016 – 2026
9.4.12.3 Market estimates and forecast by arrangement, 2016 – 2026
9.4.12.4 Market estimates and forecast by platform, 2016 – 2026
9.4.12.5 Market estimates and forecast by aircraft, 2016 – 2026
9.4.12.6 Market estimates and forecast by distribution channel, 2016 – 2026
9.5 Latin America
9.5.1 Market estimates and forecast, 2016 - 2026
9.5.2 Market estimates and forecast by position, 2016 – 2026
9.5.3 Market estimates and forecast by arrangement, 2016 – 2026
9.5.4 Market estimates and forecast by platform, 2016 – 2026
9.5.5 &nbs