Aircraft Landing Gear Market
Aircraft Landing Gear Market Size, Share & Trends Analysis Report by Landing Gear Type (Main Landing Gear, and Nose Landing Gear), by Arrangement (Tail Wheel-Type Landing Gear, Tandem Landing Gear, and Tricycle-Type Landing Gear) by Aircraft Type (Narrowbody, Widebody, and Regional Jet) and by End-User (OEM, and Aftermarket) Forecast Period (2024-2031)
Aircraft landing gear market is anticipated to grow at a considerable CAGR of 5.7% during the forecast period (2024-2031). The landing gear market is fueled by technological advancements, air traffic growth, modernization programs, regulatory standards, economic factors, consolidation, efficiency, and environmental considerations. The integration of advanced materials, automation, and smart systems has enhanced the performance and durability of the aircraft landing gear.
Market Dynamics
Technological Advancements in Materials and Design
Technological advancements in landing gear design and materials, such as the use of composite materials, aimed at preventing incidents and enhancing safety a key factors driving the global market growth. Smart systems with real-time health monitoring drive market growth. Turkey launched the probe after the Boeing 767 cargo plane landed without front landing gear. The 32 whistleblower claims and a dead worker's case review the incident. The Boeing 767 freighter, a nearly 10-year-old model, was involved in a video involving the back landing gear and front fuselage.
Development of Advanced Materials Drives the Market
The design of airplane landing gear has been revolutionized by advanced materials such as carbon-prepreg systems and lightweight composites, which are additionally enhancing performance and fuel efficiency and complying with international environmental standards and sustainability programs. The development of advanced materials for aircraft landing gear is further aiding the global market growth. For instance, in January 2023, UAVOS unveiled a leaf spring main landing gear designed to support aircraft up to 1,200 kg. The carbon-prepreg system is 50.0% stronger, thinner, and lighter than steel. The system has been tested in rigorous ground-based proof tests, confirming its ability to withstand aircraft stresses and strains during takeoff, flight, and landing, as well as softening blows during uneven runways.
Market Segmentation
- Based on the landing gear type, the market is segmented into main landing gear and nose landing gear.
- Based on the arrangement, the market is segmented into tail wheel-type landing gear, tandem landing gear, and tricycle-type landing gear.
- Based on the aircraft type, the market is segmented into narrowbody, widebody, and regional jet.
- Based on the end-user, the market is segmented into OEM and aftermarket.
Narrowbody Segment to Hold a Considerable Market Share
A narrow-body aircraft, also known as a single-aisle aircraft, is a smaller-type aircraft that is often used to operate short-haul international flights and domestic flights. A narrow-body aircraft can carry as little as 4 passengers up to as many as 300. The cost-effectiveness feature of narrow-body landing gear is a key contributor to the high share of this market segment. In May 2024, China’s Comac launched the narrowbody C939 widebody jet, marking a significant step in its series of home-grown airliners. China's C939 aircraft is projected to compete with Boeing and Airbus, two of the biggest names in the West, in the advanced technology sector, which is a big step in an appropriate direction. Such developments are further aiding growth in this market segment.
Regional Outlook
The global aircraft landing gear market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Aircraft Landing Gear Market Growth by Region 2024-2031
North America Holds a Major Share in the Global Market
The high share of the regional market is attributed to the high impact of the aerospace sector on the US economy. According to the Aerospace Industries Association, in September 2023, the A&D industry significantly influenced the US economy, innovation, and national security, employing 2.2 million workers in 2022, the highest level recorded by AIA. The supply chain, which includes small- and mid-sized businesses, accounts for nearly 58.0% of industry employment. In terms of sector contributions, commercial aerospace makes up 57.0% of employment, while defense and national security account for 43.0%. The industry saw total sales of over $952.0 billion in 2022, a 6.7% increase from 2021, and A&D exports rose by 4.4% to $104.8 billion, with top export destinations being Canada, France, Germany, the UK, and Brazil. The growing aerospace sector of the region is further aiding growth in the regional market.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global aircraft landing gear market include Meggitt PLC., AAR Corp., Honeywell International Inc., Safran Landing Systems, and Raytheon Technologies Corp. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
Recent Developments
- In April 2021, KP Aviation merged with Aircraft Landing Systems (ALS), allowing both entities to operate under their brands. The merger aims to vertically integrate capabilities, save costs, and increase profits on Chapter 32 material, solidifying KP Aviation's position as a one-stop-shop for Air Transport companies.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aircraft landing gear market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Market Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Meggitt PLC.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. AAR Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Honeywell International Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Safran Landing Systems
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Raytheon Technologies Corp.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Aircraft Landing Gear Market by Landing Gear Type
4.1.1. Main Landing Gear
4.1.2. Nose Landing Gear
4.2. Global Aircraft Landing Gear Market by Arrangement
4.2.1. Tail Wheel-Type Landing Gear
4.2.2. Tandem Landing Gear
4.2.3. Tricycle-Type Landing Gear
4.3. Global Aircraft Landing Gear Market by Aircraft Type
4.3.1. Narrowbody
4.3.2. Widebody
4.3.3. Regional Jet
4.4. Global Aircraft Landing Gear Market by End-User
4.4.1. OEM
4.4.2. Aftermarket
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Advantage Aviation Technologies
6.2. CIRCOR International, Inc.
6.3. Eaton Corp plc
6.4. GKN Aerospace Services Ltd.
6.5. Héroux-Devtek
6.6. Héroux-Devtek
6.7. Israel Aerospace Industries
6.8. L3Harris Technologies, Inc.
6.9. Liebherr-International Deutschland GmbH
6.10. Magellan Aerospace Corp
6.11. McFarlane Aviation, LLC
6.12. PCX Aerosystems
6.13. SPP Canada Aircraft, Inc.
6.14. Sumitomo Precision Products Co., Ltd.
6.15. Textron Aviation Inc.
6.16. Triumph Group, Inc.
1. Global Aircraft Landing Gear Market Research And Analysis By Landing Gear Type, 2023-2031 ($ Million)
2. Global Main Aircraft Landing Gear Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Nose Aircraft Landing Gear Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Aircraft Landing Gear Market Research And Analysis By Arrangement, 2023-2031 ($ Million)
5. Global Tail Wheel-Type Aircraft Landing Gear Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Tandem Aircraft Landing Gear Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Tricycle-Type Aircraft Landing Gear Market Research And Analysis By Region, 2023-2031 ($ Million)
8. Global Aircraft Landing Gear Market Research And Analysis By Aircraft Type, 2023-2031 ($ Million)
9. Global Aircraft Landing Gear For Narrowbody Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Aircraft Landing Gear For Widebody Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Aircraft Landing Gear For Regional Jet Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Aircraft Landing Gear Market Research And Analysis By End-User, 2023-2031 ($ Million)
13. Global Aircraft Landing Gear For OEM Market Research And Analysis By Region, 2023-2031 ($ Million)
14. Global Aircraft Landing Gear For Aftermarket Research And Analysis By Region, 2023-2031 ($ Million)
15. Global Aircraft Landing Gear Market Research And Analysis By Region, 2022-2030 ($ Million)
16. North American Aircraft Landing Gear Market Research And Analysis By Country, 2023-2031 ($ Million)
17. North American Aircraft Landing Gear Market Research And Analysis By Landing Gear Type, 2023-2031 ($ Million)
18. North American Aircraft Landing Gear Market Research And Analysis By Arrangement, 2023-2031 ($ Million)
19. North American Aircraft Landing Gear Market Research And Analysis By Aircraft Type, 2023-2031 ($ Million)
20. North American Aircraft Landing Gear Market Research And Analysis By End-User, 2023-2031 ($ Million)
21. European Aircraft Landing Gear Market Research And Analysis By Country, 2023-2031 ($ Million)
22. European Aircraft Landing Gear Market Research And Analysis By Landing Gear Type, 2023-2031 ($ Million)
23. European Aircraft Landing Gear Market Research And Analysis By Arrangement, 2023-2031 ($ Million)
24. European Aircraft Landing Gear Market Research And Analysis By Aircraft Type, 2023-2031 ($ Million)
25. European Aircraft Landing Gear Market Research And Analysis By End-User, 2023-2031 ($ Million)
26. Asia-Pacific Aircraft Landing Gear Market Research And Analysis By Country, 2023-2031 ($ Million)
27. Asia-Pacific Aircraft Landing Gear Market Research And Analysis By Landing Gear Type, 2023-2031 ($ Million)
28. Asia-Pacific Aircraft Landing Gear Market Research And Analysis By Arrangement, 2023-2031 ($ Million)
29. Asia-Pacific Aircraft Landing Gear Market Research And Analysis By Aircraft Type, 2023-2031 ($ Million)
30. Asia-Pacific Aircraft Landing Gear Market Research And Analysis By End-User, 2023-2031 ($ Million)
31. Rest Of The World Aircraft Landing Gear Market Research And Analysis By Region, 2023-2031 ($ Million)
32. Rest Of The World Aircraft Landing Gear Market Research And Analysis By Landing Gear Type, 2023-2031 ($ Million)
33. Rest Of The World Aircraft Landing Gear Market Research And Analysis By Arrangement, 2023-2031 ($ Million)
34. Rest Of The World Aircraft Landing Gear Market Research And Analysis By Aircraft Type, 2023-2031 ($ Million)
35. Rest Of The World Aircraft Landing Gear Market Research And Analysis By End-User, 2023-2031 ($ Million)
1. Global Aircraft Landing Gear Market Share By Landing Gear Type, 2023 Vs 2031 (%)
2. Global Aircraft Main Landing Gear Market Share By Region, 2023 Vs 2031 (%)
3. Global Aircraft Nose Landing Gear Market Share By Region, 2023 Vs 2031 (%)
4. Global Aircraft Landing Gear Market Share By Arrangement, 2023 Vs 2031 (%)
5. Global Aircraft Tail Wheel-Type Landing Gear Market Share By Region, 2023 Vs 2031 (%)
6. Global Aircraft Tandem Landing Gear Market Share By Region, 2023 Vs 2031 (%)
7. Global Aircraft Tricycle-Type Landing Gear Market Share By Region, 2023 Vs 2031 (%)
8. Global Aircraft Landing Gear Market Share By Aircraft Type, 2023 Vs 2031 (%)
9. Global Aircraft Landing Gear For Narrowbody Market Share By Region, 2023 Vs 2031 (%)
10. Global Aircraft Gear For Widebody Market Share By Region, 2023 Vs 2031 (%)
11. Global Aircraft Landing Gear For Regional Jet Market Share By Region, 2023 Vs 2031 (%)
12. Global Aircraft Landing Gear Market Share By End-User, 2023 Vs 2031 (%)
13. Global Aircraft Landing Gear In OEM Market Share By Region, 2023 Vs 2031 (%)
14. Global Aircraft Landing Gear In Aftermarket Market Share By Region, 2023 Vs 2031 (%)
15. Global Aircraft Landing Gear Market Share By Region, 2023 Vs 2031 (%)
16. Us Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
17. Canada Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
18. Uk Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
19. France Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
20. Germany Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
21. Italy Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
22. Spain Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
23. Rest Of Europe Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
24. India Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
25. China Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
26. Japan Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
27. South Korea Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
28. Rest Of Asia-Pacific Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
29. Latin America Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
30. Middle East And Africa Aircraft Landing Gear Market Size, 2023-2031 ($ Million)
