Aircraft Landing Gear Market By Type (Main Landing, Nose Landing), Sub-system (Actuation, Steering, Brake), Aircraft Type (Fixed Wing, Rotary Wing), End-user (Original Equipment Manufacturers (OEMs), Aftermarket) & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Aircraft Landing Gear Market Valuation – 2024-2031

The requirement for sophisticated, lightweight landing gear systems that improve safety and fuel efficiency, coupled with the growing demand for new aircraft due to air travel, is primarily driving the aircraft landing gear market. According to the analyst from Market Research, the aircraft landing gear market is estimated to reach a valuation of USD 57.14 Billion By 2031 over the forecast subjugating around USD 15.66 Billion valued in 2024.

Advancements in technology and materials are propelling the aircraft landing gear market, resulting in the creation of more robust and reliable landing gear systems that lower maintenance costs while improving overall aircraft performance. It enables the market to grow at a CAGR of 17.56% from 2024 to 2031.

Aircraft Landing Gear MarketDefinition/ Overview

Aircraft landing gear is the undercarriage system that supports an aircraft during landing, takeoff, and ground operations. It consists of wheels, struts, shock absorbers, brakes, and retractable mechanisms. This system is critical for maintaining stability while taxiing, absorbing landing impact, ensuring safe takeoff and landing, and allowing for ground agility.

Furthermore, its applications cover a wide range of aircraft, including commercial airliners, military jets, cargo planes, and general aviation aircraft, enabling safe and effective ground handling and operations under a variety of conditions.

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Which are the Main Factors Driving the Growth of Aircraft Landing Gear Market?

The rise of the worldwide travel and tourism industry, combined with increased air traffic, is boosting demand for new commercial aircraft, hence fueling the growth of the aircraft landing gear market. Airlines are replacing their fleets with newer, more fuel-efficient aircraft to comply with environmental requirements and improve operational efficiency, which is increasing the demand for sophisticated landing systems.

Aircraft landing gear technology has advanced significantly, with a focus on weight reduction while also enhancing durability and performance. Innovations such as the utilization of lightweight composite materials and modern production techniques like 3D printing are critical. These innovations contribute to the efficiency and safety of landing gear, making aircraft more reliable and cost-effective across their operating lifespan.

Furthermore, global defense budget increases have rendered massive military fleet modernization initiatives possible. Governments are investing in modern military aircraft, which necessitate reliable and technologically advanced landing gear systems. This investment trend is especially significant in places with rising security concerns, which drives the demand for aircraft that can fly in a variety of tough conditions.

What are the Primary Challenges Faced by the Aircraft Landing Gear Market?

Aircraft landing gear systems are intricate and require high-precision components, which are costly to design, test, and manufacture. The employment of modern materials and technology to meet safety and performance criteria raises expenses. This is a considerable hurdle to sustaining market competitiveness, particularly for smaller producers.

Furthermore, aircraft landing gears are subjected to tremendous operational stress, resulting in wear and tear. Keeping these systems reliable and long-lasting is difficult because they require frequent maintenance and servicing. The demand for specialized maintenance facilities and qualified specialists increases airlines’ operational expenses and has an impact on overall market growth.

Category-Wise Acumens

What Factors Drive the Dominance of the Main Landing Gears (MLGs) in the Market?

When planes land, two sets of wheels come into playthe nose landing gear (NLG) and the main landing gear (MLG). Among the two, the MLG is the bigger and more complex piece of equipment, responsible for carrying the bulk of the aircraft's weight as it touches down and rolls along the tarmac. To handle this hefty load, the MLG is built like a sturdy fortress, equipped with multiple wheels and axles. These heavy-duty structures are carefully designed to match the size, weight, and landing habits of different aircraft. The intricate engineering and design behind the MLG make it a more expensive option compared to the NLG. As a result, the MLG commands a bigger slice of the market in the world of aircraft landing gears.

MLGs have a more complex retraction mechanism than NLGs. This system retracts the landing gear into the fuselage during flight, lowering drag and increasing aerodynamic efficiency. The construction and maintenance of these complicated retraction systems help to increase the market value of MLGs.

Furthermore, MLG steering systems increase the complexity of the landing gear design. They turn the wheels with hydraulic actuators or other methods, requiring additional sensors and interaction with the aircraft’s flight control systems. The addition of MLG steering increases the overall cost and technological intricacy of the landing gear system, which contributes to the MLG segment’s increased market share.

Which Variables Support the Broad Acceptance of the Fixed Wing Aircrafts in the Market?

The fixed wing segment is estimated to dominate the aircraft landing gear market during the forecast period. Commercial aviation, which largely uses fixed-wing aircraft, has substantially higher production volumes than the rotary-wing sector (helicopters). Thus, fixed-wing aircraft landing gear systems will be in higher demand.

Landing gear systems are more complex in fixed-wing aircraft, particularly big commercial jets. These systems often include numerous wheels, sturdier constructions to withstand heavier landing weights and improved retraction mechanisms. This complexity leads to a higher value per landing gear unit for fixed-wing aircraft, resulting in a larger market share.

Furthermore, the fixed-wing section includes a far greater range of aircraft types than the rotary-wing segment. This comprises huge commercial planes, narrow-body jets, regional jets, business jets, turboprops, and private planes. Each type necessitates distinct landing gear designs, resulting in a bigger overall market for fixed-wing landing gear systems.

Gain Access to Aircraft Landing Gear Market Report Methodology

Country/Region-wise Acumens

What Important Aspects Shape North America’s Dominant Position in the Market?

According to analyst, North America is estimated to dominate the aircraft landing gear market during the forecast period. Leading commercial aircraft manufacturers in the United States include Boeing and Gulfstream, as well as major landing gear businesses such as Collins Aerospace and Goodrich Landing Gear. This concentration of industry heavyweights in a single region generates a robust ecosystem for airplane landing gear research, production, and service.

North America has a developed and substantial commercial aviation industry that handles a large volume of passenger and cargo traffic. This translates into a high demand for landing gear systems for a variety of aircraft types, ranging from big commercial jets to smaller regional aircraft. The continual replacement of aging aircraft with newer ones drives up the demand for new landing gear systems, contributing to the region’s market dominance.

Furthermore, the United States, the world leader in military spending, devotes enormous money to its air force and other military divisions. This results in a steady need for improved and specialized landing gear systems for military aircraft, such as fighter jets, bombers, and transport planes. North American landing gear manufacturers benefit from their closeness to key defense contractors and their ability to meet these specialized military needs.

How Asia Pacific Influenced the Growth and Potential of Aircraft Landing Gear Market?

The Asia Pacific region is estimated to exhibit the highest growth during the forecast period. The Asia-Pacific region is experiencing a tremendous increase in passenger and cargo aviation traffic. This expansion is driven by a growing middle class with disposable income, increased urbanization, and increased trade activity. As a result, regional airlines are rapidly increasing their fleets, increasing in demand for new aircraft and, subsequently, landing gear systems.

Governments around the Asia Pacific are making significant investments in establishing regional air travel networks. This strategy entails boosting the manufacturing of regional jets, which are smaller planes designed for shorter-distance flights within the region.  Growth in regional jet manufacturing directly correlates with an increase in demand for landing gear systems designed exclusively for these aircraft.

Furthermore, China and India, the two key players in the Asian aviation sector, are making significant investments in their domestic aerospace businesses. This government assistance comprises subsidies, funding for research and development, and measures to attract international investment. As a result, domestic aircraft manufacturers are rising throughout the Asia Pacific, driving up demand for regionally manufactured landing gear systems.

Competitive Landscape

The competitive landscape of the aircraft landing gear market is characterized by technical developments and a strong emphasis on innovation, with manufacturers seeking to create lighter, more robust, and cost-effective landing gear systems.

Some of the prominent players operating in the aircraft landing gear market include

  • Collins Aerospace
  • Safran Landing Systems
  • Héroux-Devtek, Inc.
  • Liebherr-Aerospace & Transportation Systems GmbH
  • Triumph Group
  • AAR CORP
  • Sumitomo Precision Products Co.
  • Honeywell International, Inc.
  • CIRCOR International, Inc.
  • Magellan Aerospace Corp.
  • Parker Hannifin Corporation
  • Eaton Corporation PLC
  • SPX Corporation
  • Messier Bugatti Dowty
  • Goodrich Landing Gear
  • Kawasaki Heavy Industries

Latest Developments

  • In August 2021, Precision Aviation Group, Inc. (PAG), a major manufacturer of aerospace and aviation equipment, purchased Trace Aviation (TA) in Jackson, Mississippi. Trace Aviation is renowned for its MRO services on King Air/1900 landing gear assemblies.
  • In July 2021, Southwest Research Institute (Texas) secured a contract for up to USD 300 million to support the U.S. Air Force’s aircraft landing gear systems. This 20-year IDIQ contract supports the Air Force’s landing gear integrity program.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

Growth Rate

CAGR of ~17.56% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Type
  • Sub-system
  • Aircraft Type
  • End-User
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Collins Aerospace, Safran Landing Systems, Héroux-Devtek, Inc., Liebherr-Aerospace & Transportation Systems GmbH, Triumph Group, AAR CORP, Sumitomo Precision Products Co., and Honeywell International, Inc.

Customization

Report customization along with purchase available upon request

Aircraft Landing Gear Market, By Category

Type

  • Main Landing Gear
  • Nose Landing Gear

Sub-system

  • Actuation System
  • Steering System
  • Brake System
  • Others

Aircraft Type

  • Fixed Wing
  • Rotary Wing

End-User

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

Unveiling the Market's Story We'll break down the market into smaller groups based on important factors like income and lifestyle. Then, we'll crunch the numbers to see how much each group is worth in dollars. Finding the Market's Rising Stars We'll pinpoint which parts of the market and which regions are set to soar in the future. Exploring Geographic Landscapes We'll dive into each region to understand how the product or service is being used and what's driving its success or challenges. Mapping the Competitive Landscape We'll rank the top players in the market, showing their strengths and weaknesses. We'll also keep track of their latest moves, like new products, partnerships, and acquisitions. Company Close-Ups We'll give you a behind-the-scenes look at the major players. We'll cover their history, what makes them special, and how they stack up against the competition. Gazing into the Future We'll forecast where the market is headed, identifying opportunities and challenges that will shape its growth in different regions. Understanding the Market's Forces We'll use Porter's five forces to analyze the dynamics of the market, giving you a clearer picture of the competition and market structure. The Value Chain We'll trace the journey of the product or service from creation to delivery, uncovering valuable insights into the market. Growth Opportunities and Dynamics We'll explore the latest trends and developments that are pushing the market forward, identifying future growth opportunities. Post-Sales Support And don't worry, we've got your back with a team of experts ready to answer your questions for up to six months after your purchase.

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Pivotal Questions Answered in the Study

Some of the key players leading in the market include Collins Aerospace, Safran Landing Systems, Héroux-Devtek, Inc., Liebherr-Aerospace & Transportation Systems GmbH, Triumph Group, AAR CORP, Sumitomo Precision Products Co., and Honeywell International, Inc.
The requirement for sophisticated, lightweight landing gear systems that improve safety and fuel efficiency is the primary factor driving the aircraft landing gear market.
The aircraft landing gear market is estimated to grow at a CAGR of 17.56% during the forecast period.
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