Global Aircraft Landing Gears Market Size study & Forecast, by Aircraft Type (Fixed-wing aircraft, Rotary-wing aircraft, Unmanned Aerial Vehicles., Advanced Air Mobility) By End User (OEM, Aftermarket) By Type (Main landing gears, Nose landing gears) By S

Global Aircraft Landing Gears Market Size study & Forecast, by Aircraft Type (Fixed-wing aircraft, Rotary-wing aircraft, Unmanned Aerial Vehicles., Advanced Air Mobility) By End User (OEM, Aftermarket) By Type (Main landing gears, Nose landing gears) By Subsystem (Actuation systems, Steering systems, Braking systems, Structural systems, other subsystems) and Regional Analysis, 2023-2030

Global Aircraft Landing Gears Market is valuedvalued at approximately USD 6.76 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2023-2030. Aircraft Landing Gears refers to the system of wheels, struts, and mechanisms that enable an aircraft to take off, land, and taxi on the ground. It is a critical component of an aircraft's structure and plays a vital role in ensuring safe and controlled operations during various phases of flights. The Aircraft Landing Gears market is expanding because of factors such as increasing number of air passenger traffic and growing number of international air trade activities. Landing gear supports the weight of the aircraft while it is on the ground, as well as during takeoff and landing. As a result, the demand offor Aircraft Landing Gears has progressively increased in the international market during the forecast period 2023-2030.

Airlines could make investments in new aircraft to expand their fleets and meet increased passenger demand. Landing gears are standard on new aircraft, and the rising demand for these new planes contributes to a rise in demand for landing gear manufacturers. According to the Statista, globalthe global number of scheduled passengers boarded by the airline industry accounts 2185 million in 2021 and reached up to 3781 million in 2022. Furthermore, Airlines may also upgrade their existing aircraft or retrofit them with newer landing gear technology to improve fuel efficiency, performance, or safety standards. Increased passenger traffic can accelerate these upgrade and retrofit programs, leading to higher demand for landing gearsgear and related components. Another important factorfactor that drives the Aircraft Landing Gears market is increasing number of international air trade activities. International air trade often involves long-haul flights and operations in diverse geographic locations with varying runway conditions. Aircraft used for such purposes may require specialized landing gear configurations to accommodate different types of runways, such as those in remote areas or with challenging terrain. In addition, as per the International Air Transport AssociationStatista, 7.4 billion parcels are sent every year, including 328 billion letters and 7.4 billion postal parcels are sent every year and airmail plays an essential role in their deliveryglobal air cargo industry accounts USD 196.97 billion in 2022 and projected to reach up to USD 210.27 billion by the year 2027. Moreover, technological advancements associated to aircraft landing gears and growing awareness regarding aircraft safety measures rising government funding towards production of aircrafts is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, complex regulations by aviation authorities and short lifespans and overhauling cycles of landing gears are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Aircraft Landing Gears Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing emphasize on modernizing aging aircraftsaircraft in the region. Modern landing gear designs often offer improved performance in terms of weight, durability, and reliability compared to older systems. Upgrading landing gear can enhance an aircraft's overall performance, making it more efficient and safer to operate. The region’s dominant performance is anticipated to propel the overall demand of Aircraft Landing Gears. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as risingthe rising number of commercial aircraft deliveries in the region. New aircraft models often come with technological advancements that may require specialized landing gear designs to accommodate changes in aircraft weight, size, and performance. This prompts aircraft manufacturers to source updated landing gear systems, supporting the demand for newer products.

Major market player included in this report are:
AAR Corporation
Circor International Inc
Eaton Corporation plc
GKN Aerospace Ltd
Hawker Pacific Aerospace Pty Ltd
Heroux-Devtek Inc
Honeywell International Inc
Liebherr Group
Magellan Aerospace Corporation
Safran SA

Recent Developments in the Market:
 In August 2022, Deutsche Aircraft and Germany's Heggemann developed a new landing gear that can be put into existing Dornier 328 turboprop and Dornier 328Jet models. The two businesses claim in a joint statement that since opening the order book in February, they have already secured 17 firm orders and nine options for the new landing gear, with initial deliveries scheduled for the second half of 2024. The landing gear will be retrofitted on existing aircraft as well as the new-build Dornier 328eco turboprop aircraft that is currently in development, according to the announcement. The Dornier 328eco is a stretched variant with a modern avionics system and Pratt & Whitney Canada PW127XT-S turboprops, as opposed to the older model, which has Pratt & Whitney Canada PW119 turboprop engines.

Global Aircraft Landing Gears Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Aircraft Type, End User, Type, Subsystem, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Aircraft Type
Fixed-wing aircraft
Rotary-wing aircraft
Unmanned Aerial Vehicles.
Advanced Air Mobility

By End User
OEM
Aftermarket

By Type
Main landing gears
Nose landing gears

By Subsystem
Actuation systems
Steering systems
Braking systems
Structural systems
Other subsystems

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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