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

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.

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?

According to analysis, the main landing gear (MLG) segment is estimated to hold the largest market share in the type segment during the forecast period. MLGs are far larger and more sophisticated than NLGs. They support the vast majority of the aircraft’s weight during landing and taxiing. To accommodate this weight distribution, MLGs use strong constructions with several wheels and axles. These structures are designed with the aircraft’s size and weight in mind, as well as the projected landing velocity and terrain on which the aircraft will operate.  The complexity of design and engineering results in a greater cost and a larger market share for MLGs.

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

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

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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