Aircraft Landing Gear Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030, Segmented By Aircraft Type (Narrow-body Aircraft, Rotorcraft, Business Aircrafts, Regional Aircraft, Wide-body Aircraft, Fighter Aircrafts), By Sub System (Actuation System, Steering System, Brake System, Other), By Type (Main Landing Gear, Nose Landing Gear), By End User (Commercial, Military
Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAircraft Landing Gear Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030, Segmented By Aircraft Type (Narrow-body Aircraft, Rotorcraft, Business Aircrafts, Regional Aircraft, Wide-body Aircraft, Fighter Aircrafts), By Sub System (Actuation System, Steering System, Brake System, Other), By Type (Main Landing Gear, Nose Landing Gear), By End User (Commercial, Military
| Forecast Period | 2024-2030 |
| Market Size (2022) | USD 6.95 Billion |
| CAGR (2023-2030) | 6.51% |
| Fastest Growing Segment | Wide-body Aircraft |
| Largest Market | North America |
The global aircraft landing gear market is growing at a considerable rate due to the increase in air traffic around the world. The undercarriage, also known as the landing gear, is a sophisticated system that includes brakes, wheels, tires, hydraulics, energy-absorbing components, and structural parts. The landing gear may also be connected to and work with steering and retraction mechanisms. The principal purposes of the aircraft's undercarriage, or landing gear, are to sustain the aircraft's weight during the remainder of its ground operations.
Landing gears are one of the most critical subsystems of an aircraft. It supports the aircraft on the ground during landing, takeoff, and taxiing operations. The number of aircraft orders from different airlines throughout the world has increased over time. One of the largest commercial aircraft manufacturers, Airbus, delivered 911 aircraft in 2021. This is largely due to a rise in number of passengers preferring air travel. With the growing adoption of electrical systems in aviation, major landing gear OEMs are replacing hydraulic systems with electrical systems, in order to enhance performance, while reducing weight. Thus, increasing orders and development in technology are aiding the global aircraft landing gear market’s growth. Furthermore, Magellan Aerospace Corporation stated in May 2022 that it has entered into an agreement with Safran Landing Systems to produce complex machined landing gear components.
The demand for aircraft landing gear is rising across the globe due to an increase in aircraft deliveries and a substantial fleet of commercial and regional aircraft. Though the COVID-19 pandemic affected air passenger traffic globally in 2020, the global aircraft landing gear market is anticipated to increase in the upcoming years at a moderate growth rate. Furthermore, commercial aircraft industry growth is projected to be the highest in the Asia-Pacific region. With domestic travel projected to recover faster, the demand for landing gears and their maintenance, repair, and operations (MRO) services is expected to be higher during the forecast period.
Globally Increasing Aircraft Fleet
Aviation passenger traffic has increased every year in the last decade. According to International Air Transport Association (IATA), global air passenger traffic will increase by around 60% in 2022 compared to 2021. The demand for new aircraft was fueled by the efforts of airline operators to modernize their fleet while minimizing operating costs. Because airlines operate on a minimal profit margin, they gradually phase out certain aircraft models, bringing their end-of-life (EOL) dates to a close and introducing new aircraft as potential replacements. With new air routes and airline fleet expansion strategies, many airlines are adding new aircraft to their fleet in order to effectively serve a larger number of air passengers and convert potential investments into revenues.
Advanced Material Technologies In Landing Gear System
Over the years, there has been an increased focus on the weight reduction of the aircraft as it enhances fuel efficiency. Weight reduction has its own benefits in the development of landing gear assemblies, as it ensures optimum landing gear performance. Manufacturers are being required to use new materials and techniques to create lightweight landing gear as a result of an increase in consumer demand.
Complex Designing of Aircraft Landing Gears
One of the aircraft's most intricate systems is the landing gear system. The number of wheels, tire size, pressure, shock absorber, and layout of the aircraft landing gear are all factors that affect production capacity. To overcome the difficulties in the design and development of landing gears, organizations are implementing cutting-edge technologies that have been created throughout the period. New technology such as 3D printing and blockchain is gaining popularity in next generation aircraft landing gear systems. However, the implementation of modern technologies demands large capital expenditures, which results in the slow expansion of the global aircraft landing gear market in the coming years.
Download Free Sample Report
Market Segmentation
Company Profiles
AAR Corp. Liebherr Group, CIRCOR Aerospace, Safran SA, Magellan Aerospace Corporation, United Technologies Corporation, Raytheon Technologies Corporation, Honeywell International Inc., GKN Aerospace, Triumph Group Inc. are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historical Years |
2018 – 2022 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2030 |
|
Quantitative Units |
Revenue in USD Billion, and CAGR for 2018-2022 and 2023-2030 |
|
Report Coverage |
Revenue forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments Covered |
By Aircraft Type By Sub System By Type By End User Region |
|
Regional Scope |
Asia-Pacific, North America, Europe, Middle East & Africa,
South America |
|
Country Scope |
United States, Canada, Mexico, United Kingdom, Germany, France,
Italy, Spain, Poland, Netherland, China, Japan, South Korea, India, Australia,
Thailand, Qatar, Israel, Saudi Arabia, United Arab Emirates, South Africa,
Argentina, Brazil, Colombia |
|
Key Companies Profiled |
AAR Corp. Liebherr
Group, Circor Aerospace, Safran SA, Magellan Aerospace Corporation, United
Technologies Corporation, Raytheon Technologies Corporation, Honeywell
International Inc., GKN Aerospace, Triumph Group Inc. |
|
Customization Scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy