Global aircraft landing gear market is anticipated to grow at a CAGR of 5.7% during the forecast period (2024-2031). The significant rise in aircraft manufacturing globally drives the growth of the aircraft landing gear market. The market growth is also driven by the increasing demand for fleet expansion and the growth of low-cost and ultra-low-cost carriers. The demand for landing gear is strongly dependent on the arrival of novel aircraft and modernizing efforts for existing aircraft fleets with advanced flying and landing systems to offer the utmost safety in operations. The increased acquisition of next-generation aircraft owing to their improved feature and fuel efficiency is aiding considerably the global market growth.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/aircraft-landing-gear-market
The major restraining factor is the safety concern that hampers the market growth of landing gear. In the aviation industry, the safety of passengers is the topmost priority for airline operators. Landing gear systems comprise several system components and parts. A slight mistake by the crew or engineering team in the functioning of this gear can lead to major aircraft disasters. In recent times, there have been a few airplane accidents, mostly at the time of aircraft landing, which has reiterated the risks surrounding these types of gear systems. Landing gear deployment failure incidents have led manufacturers to improve gear designs to prevent such mishaps.
The North American region is projected to have the largest market share in the aircraft landing gears market. The region’s robust aviation industry, marked by major players and a high concentration of airlines, drives consistent demand for landing gear. The region's focus on upgrading aging fleets, along with increasing trends towards advanced manufacturing methods, further propels the aircraft landing gears market growth. The market is growing attributing to the surge in investment in R&D.
Recent Developments
Market Coverage
· The market number available for 2023-2031
· Base year: 2023
· Forecast period: 2024-2031
· Segment Covered-
o By Landing Gear Type
o By Arrangement
o By Aircraft Type
o By End-User
· Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape: Meggitt PLC., AAR Corp., Honeywell International Inc., Safran Landing Systems, and Raytheon Technologies Corp. among others.
Key questions addressed by the report
Global Aircraft Landing Gear Market Report Segment
By Landing Gear Type
By Arrangement
By Aircraft Type
By End-User
Global Aircraft Landing Gear Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Italy
· Spain
· France
· Rest of Europe
Asia-Pacific
· China
· India
· Japan
· South Korea
· Rest of Asia-Pacific
Rest of the World
· Latin America
· Middle East and Africa
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