Aircraft Landing Gear Market
Growth Factors of Aircraft Landing Gear Market
The aircraft landing gear market size was valued at USD 11.53 billion in 2023, and the market is now projected to grow from USD 13.02 billion in 2024 to USD 32.67 billion by 2032, exhibiting a CAGR of 12.2% during the forecast period of 2023-2030.
Due to the covid pandemic many companies shut down their prediction units and projects due to hindered travel acquisitions which ultimately created a decline in the aircraft landing gear market growth. Due to temporary shutdown of industrial work and halt in production unit leading to decline in growth of the market. The waste creation has reduced due to lockdowns and economic slowdown led to reduction in aircraft landing gear market growth.
Growing replacement demand and innovations in aircraft parts to support market expansion.
Brakes, wheels, and actuation systems on landing gear all experience wear and tear over time and need maintenance at certain times. An increase in gear replacement or maintenance has resulted from an increase in passenger air traffic and aircraft flight hours. This is likely to create opportunities for aftermarket or maintenance, repair, and overhaul (MRO) operators. These significant replacements provide the MRO industry with the majority of its revenue. Furthermore, it is anticipated that rising national defense spending would support the market's fastest growth as aircraft fleets are modernized by swapping out outdated landing gear systems for more cutting-edge models. Finally, it is anticipated that the growing use of UAVs in military activities will promote market expansion.
Additionally, wide adoption of sturdier and lighter landing gear leading market expansion during projected period. One of the most severely loaded components of an airplane is the landing gear. From 3% to 6% of the total weight of the airplane is its weight. Production businesses are producing landing gear that is lighter and more durable without sacrificing any of its features, performance, safety, or upkeep requirements. Because composite materials have extremely specialized strength and stiffness capabilities, they are frequently employed in aircraft constructions, including landing gears. This is why composite is used in the undercarriage. The carbon composite disc brake, for example, offers lighter weight, longer lifespan, and less maintenance. The one aspect working against manufacturers was the cost of making composite components, but modern production processes are starting to overcome this. Therefore, it is anticipated that these factors will grow this market in the next years.
Comprehensive Analysis of Aircraft Landing Gear Market
The aircraft landing gear market and aviation industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the aviation benefit management industry. These segmentations are methodically segregated by types, by platform, by arrangement and by component. The types segmentation includes, Nose Landing Gear and Main Landing Gear, by platform segmentation includes Fixed-Wing and Rotary Wing and by arrangement segmentation includes Tail Wheel, Tandem, and Tri-Cycle. However, the component segmentation includes Retraction System, Brakes & Wheels, Steering, and Others), By End-User (OEM and Aftermarket.
The North America region lead the aircraft landing gear market by benefitting a market size of USD 4.44 billion in 2023 due to wide adoption of sturdier and lighter landing gear and increasing demand for latest generation aircraft.
The top players in the market play a crucial role in the aviation industry assuring industrial prospectus growth and setting market standards. These players include, AAR Corporation (U.S.), Alaris Aerospace (U.S.), CIRCOR International Inc. (U.S.), Collins Aerospace (U.S.), GKN Aerospace (U.K.), Hawker Pacific Aerospace (U.S.), Heroux-Devtek Inc. (Canada), Liebherr Group AG (Germany), Magellan Aerospace Corporation (Canada), Safran SA (France), SPP Canada Aircraft Inc. (Canada) and Triumph Group Inc. (U.S.), these market players provide a level-playing competitive landscape.
In March 2023, Emirates granted Lufthansa Technik an MRO service contract for the upkeep and repair of the landing gears on its fleet of active aircraft. The businesses agreed to a long-term arrangement that may see their services extended for up to 13 years.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 12.2% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Type
- Nose Landing Gear
- Main Landing Gear
By Platform
- Fixed-Wing
- Rotary-Wing
By Arrangement
- Tail Wheel
- Tandem
- Tri-Cycle
By Component
- Retraction System
- Breaks and Wheels
- Steering
- Others
By End-User
- OEM
- Aftermarket
By Geography
- North America (By Type, Platform Arrangement, Component, End-user, By Country)
- U.S. (By Type)
- Canada (By Type)
- Europe (By Type, Platform Arrangement, Component, End-user, By Country)
- U.K. (By Type)
- Germany (By Type)
- France (By Type)
- Italy (By Type)
- Russia (By Type)
- Rest of Europe (By Type)
- Asia Pacific (By Type, Platform Arrangement, Component, End-user, By Country)
- China (By Type)
- Japan (By Type)
- India (By Type)
- Australia (By Type)
- Rest of Asia Pacific (By Type)
- Latin America (By Type, Platform Arrangement, Component, End-user, By Country)
- Brazil (By Type)
- Mexico (By Type)
- Rest of Latin America (By Type)
- Middle East & Africa (By Type, Platform Arrangement, Component, End-user, By Country/ Sub Region)
- The UAE (By Type)
- Saudi Arabia (By Type)
- South Africa (By Type)
- Rest of the Middle East & Africa (By Type)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 4.5. Quantitative Insights- Impact of COVID-19 Pandemic on Global Aircraft Landing Gear Market
- 5. Global Aircraft Landing Gear Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type
- 5.2.1.1. Nose Landing Gear
- 5.2.1.2. Main Landing Gear
- 5.2.2. By Platform
- 5.2.2.1. Fixed-Wing
- 5.2.2.1.1. Commercial Aircraft
- 5.2.2.1.2. Business Aircraft
- 5.2.2.1.3. Steering Aircraft
- 5.2.2.1.4. General Aviation Aircraft
- 5.2.2.1.5. Fixed-Wing UAVs
- 5.2.2.2. Rotary-Wing
- 5.2.2.2.1. Steering Helicopter
- 5.2.2.2.2. Commercial Helicopter
- 5.2.2.2.3. Rotary UAVs
- 5.2.3. By Arrangement
- 5.2.3.1. Tail Wheel
- 5.2.3.2. Tandem
- 5.2.3.3. Tri-Cycle
- 5.2.4. By Component
- 5.2.4.1. Retraction System
- 5.2.4.2. Brakes & wheels
- 5.2.4.3. Steering
- 5.2.4.4. Others
- 5.2.5. By End-User
- 5.2.5.1. OEM
- 5.2.5.2. Aftermarket
- 5.2.6. By Region
- 5.2.6.1. North America
- 5.2.6.2. Europe
- 5.2.6.3. Asia pacific
- 5.2.6.4. Latin America
- 5.2.6.5. The Middle East & Africa
- 6. North America Aircraft Landing Gear Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type
- 6.2.1.1. Nose Landing Gear
- 6.2.1.2. Main Landing Gear
- 6.2.2. By Platform
- 6.2.2.1. Fixed-Wing
- 6.2.2.1.1. Commercial Aircraft
- 6.2.2.1.2. Business Aircraft
- 6.2.2.1.3. Steering Aircraft
- 6.2.2.1.4. General Aviation Aircraft
- 6.2.2.1.5. Fixed-Wing UAVs
- 6.2.2.2. Rotary-Wing
- 6.2.2.2.1. Steering Helicopter
- 6.2.2.2.2. Commercial Helicopter
- 6.2.2.2.3. Rotary UAVs
- 6.2.3. By Arrangement
- 6.2.3.1. Tail Wheel
- 6.2.3.2. Tandem
- 6.2.3.3. Tri-Cycle
- 6.2.4. By Component
- 6.2.4.1. Retraction System
- 6.2.4.2. Brakes & wheels
- 6.2.4.3. Steering
- 6.2.4.4. Others
- 6.2.5. By End-User
- 6.2.5.1. OEM
- 6.2.5.2. Aftermarket
- 6.2.6. By Country
- 6.2.6.1. The U.S.
- 6.2.6.1.1. By Type
- 6.2.6.1.1.1. Nose Landing Gear
- 6.2.6.1.1.2. Main Landing Gear
- 6.2.6.2. Canada
- 6.2.6.2.1. By Type
- 6.2.6.2.1.1. Nose Landing Gear
- 6.2.6.2.1.2. Main Landing Gear
- 7. Europe Aircraft Landing Gear Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type
- 7.2.1.1. Nose Landing Gear
- 7.2.1.2. Main Landing Gear
- 7.2.2. By Platform
- 7.2.2.1. Fixed-Wing
- 7.2.2.1.1. Commercial Aircraft
- 7.2.2.1.2. Business Aircraft
- 7.2.2.1.3. Steering Aircraft
- 7.2.2.1.4. General Aviation Aircraft
- 7.2.2.1.5. Fixed-Wing UAVs
- 7.2.2.2. Rotary-Wing
- 7.2.2.2.1. Steering Helicopter
- 7.2.2.2.2. Commercial Helicopter
- 7.2.2.2.3. Rotary UAVs
- 7.2.3. By Arrangement
- 7.2.3.1. Tail Wheel
- 7.2.3.2. Tandem
- 7.2.3.3. Tri-Cycle
- 7.2.4. By Component
- 7.2.4.1. Retraction System
- 7.2.4.2. Brakes & wheels
- 7.2.4.3. Steering
- 7.2.4.4. Others
- 7.2.5. By End-User
- 7.2.5.1. OEM
- 7.2.5.2. Aftermarket
- 7.2.6. By Country
- 7.2.6.1. The U.K.
- 7.2.6.1.1. By Type
- 7.2.6.1.1.1. Nose Landing Gear
- 7.2.6.1.1.2. Main Landing Gear
- 7.2.6.2. Germany
- 7.2.6.2.1. By Type
- 7.2.6.2.1.1. Nose Landing Gear
- 7.2.6.2.1.2. Main Landing Gear
- 7.2.6.3. France
- 7.2.6.3.1. By Type
- 7.2.6.3.1.1. Nose Landing Gear
- 7.2.6.3.1.2. Main Landing Gear
- 7.2.6.4. Italy
- 7.2.6.4.1. By Type
- 7.2.6.4.1.1. Nose Landing Gear
- 7.2.6.4.1.2. Main Landing Gear
- 7.2.6.5. Russia
- 7.2.6.5.1. By Type
- 7.2.6.5.1.1. Nose Landing Gear
- 7.2.6.5.1.2. Main Landing Gear
- 7.2.6.6. Rest of Europe
- 7.2.6.6.1. By Type
- 7.2.6.6.1.1. Nose Landing Gear
- 7.2.6.6.1.2. Main Landing Gear
- 8. Asia-Pacific Aircraft Landing Gear Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type
- 8.2.1.1. Nose Landing Gear
- 8.2.1.2. Main Landing Gear
- 8.2.2. By Platform
- 8.2.2.1. Fixed-Wing
- 8.2.2.1.1. Commercial Aircraft
- 8.2.2.1.2. Business Aircraft
- 8.2.2.1.3. Steering Aircraft
- 8.2.2.1.4. General Aviation Aircraft
- 8.2.2.1.5. Fixed-Wing UAVs
- 8.2.2.2. Rotary-Wing
- 8.2.2.2.1. Steering Helicopter
- 8.2.2.2.2. Commercial Helicopter
- 8.2.2.2.3. Rotary UAVs
- 8.2.3. By Arrangement
- 8.2.3.1. Tail Wheel
- 8.2.3.2. Tandem
- 8.2.3.3. Tri-Cycle
- 8.2.4. By Component
- 8.2.4.1. Retraction System
- 8.2.4.2. Brakes & wheels
- 8.2.4.3. Steering
- 8.2.4.4. Others
- 8.2.5. By End-User
- 8.2.5.1. OEM
- 8.2.5.2. Aftermarket
- 8.2.6. By Country
- 8.2.6.1. China
- 8.2.6.1.1. By Type
- 8.2.6.1.1.1. Nose Landing Gear
- 8.2.6.1.1.2. Main Landing Gear
- 8.2.6.2. Japan
- 8.2.6.2.1. By Type
- 8.2.6.2.1.1. Nose Landing Gear
- 8.2.6.2.1.2. Main Landing Gear
- 8.2.6.3. India
- 8.2.6.3.1. By Type
- 8.2.6.3.1.1. Nose Landing Gear
- 8.2.6.3.1.2. Main Landing Gear
- 8.2.6.4. Australia
- 8.2.6.4.1. By Type
- 8.2.6.4.1.1. Nose Landing Gear
- 8.2.6.4.1.2. Main Landing Gear
- 8.2.6.5. Rest of Asia-Pacific
- 8.2.6.5.1. By Type
- 8.2.6.5.1.1. Nose Landing Gear
- 8.2.6.5.1.2. Main Landing Gear
- 9. Latin America Aircraft Landing Gear Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type
- 9.2.1.1. Nose Landing Gear
- 9.2.1.2. Main Landing Gear
- 9.2.2. By Platform
- 9.2.2.1. Fixed-Wing
- 9.2.2.1.1. Commercial Aircraft
- 9.2.2.1.2. Business Aircraft
- 9.2.2.1.3. Steering Aircraft
- 9.2.2.1.4. General Aviation Aircraft
- 9.2.2.1.5. Fixed-Wing UAVs
- 9.2.2.2. Rotary-Wing
- 9.2.2.2.1. Steering Helicopter
- 9.2.2.2.2. Commercial Helicopter
- 9.2.2.2.3. Rotary UAVs
- 9.2.3. By Arrangement
- 9.2.3.1. Tail Wheel
- 9.2.3.2. Tandem
- 9.2.3.3. Tri-Cycle
- 9.2.4. By Component
- 9.2.4.1. Retraction System
- 9.2.4.2. Brakes & wheels
- 9.2.4.3. Steering
- 9.2.4.4. Others
- 9.2.5. By End-User
- 9.2.5.1. OEM
- 9.2.5.2. Aftermarket
- 9.2.6. By Country
- 9.2.6.1. Brazil
- 9.2.6.1.1. By Type
- 9.2.6.1.1.1. Nose Landing Gear
- 9.2.6.1.1.2. Main Landing Gear
- 9.2.6.2. Mexico
- 9.2.6.2.1. By Type
- 9.2.6.2.1.1. Nose Landing Gear
- 9.2.6.2.1.2. Main Landing Gear
- 9.2.6.3. Rest of Latin America
- 9.2.6.3.1. By Type
- 9.2.6.3.1.1. Nose Landing Gear
- 9.2.6.3.1.2. Main Landing Gear
- 10. The Middle East & Africa Aircraft Landing Gear Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type
- 10.2.1.1. Nose Landing Gear
- 10.2.1.2. Main Landing Gear
- 10.2.2. By Platform
- 10.2.2.1. Fixed-Wing
- 10.2.2.1.1. Commercial Aircraft
- 10.2.2.1.2. Business Aircraft
- 10.2.2.1.3. Steering Aircraft
- 10.2.2.1.4. General Aviation Aircraft
- 10.2.2.1.5. Fixed-Wing UAVs
- 10.2.2.2. Rotary-Wing
- 10.2.2.2.1. Steering Helicopter
- 10.2.2.2.2. Commercial Helicopter
- 10.2.2.2.3. Rotary UAVs
- 10.2.3. By Arrangement
- 10.2.3.1. Tail Wheel
- 10.2.3.2. Tandem
- 10.2.3.3. Tri-Cycle
- 10.2.4. By Component
- 10.2.4.1. Retraction System
- 10.2.4.2. Brakes & wheels
- 10.2.4.3. Steering
- 10.2.4.4. Others
- 10.2.5. By End-User
- 10.2.5.1. OEM
- 10.2.5.2. Aftermarket
- 10.2.6. By Country
- 10.2.6.1. The UAE
- 10.2.6.1.1. By Type
- 10.2.6.1.1.1. Nose Landing Gear
- 10.2.6.1.1.2. Main Landing Gear
- 10.2.6.2. Saudi Arabia
- 10.2.6.2.1. By Type
- 10.2.6.2.1.1. Nose Landing Gear
- 10.2.6.2.1.2. Main Landing Gear
- 10.2.6.3. South Africa
- 10.2.6.3.1. By Type
- 10.2.6.3.1.1. Nose Landing Gear
- 10.2.6.3.1.2. Main Landing Gear
- 10.2.6.4. Rest of the Middle East & Africa
- 10.2.6.4.1. By Type
- 10.2.6.4.1.1. Nose Landing Gear
- 10.2.6.4.1.2. Main Landing Gear
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Aircraft Landing Gear Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1.
- 12.1.1. AAR Corporation
- 12.1.1.1. Description
- 12.1.1.2. Product Portfolio
- 12.1.1.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.1.4. Recent Developments
- 12.1.2. Alaris Aerospace
- 12.1.2.1. Description
- 12.1.2.2. Product Portfolio
- 12.1.2.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.2.4. Recent Developments
- 12.1.3. CIRCOR International Inc.
- 12.1.3.1. Description
- 12.1.3.2. Product Portfolio
- 12.1.3.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.3.4. Recent Developments
- 12.1.4. Collins Aerospace
- 12.1.4.1. Description
- 12.1.4.2. Product Portfolio
- 12.1.4.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.4.4. Recent Developments
- 12.1.5. GKN Aerospace
- 12.1.5.1. Description
- 12.1.5.2. Product Portfolio
- 12.1.5.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.5.4. Recent Developments
- 12.1.6. Hawker Pacific Aerospace
- 12.1.6.1. Description
- 12.1.6.2. Product Portfolio
- 12.1.6.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.6.4. Recent Developments
- 12.1.7. Heroux-Devtek Inc.
- 12.1.7.1. Description
- 12.1.7.2. Product Portfolio
- 12.1.7.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.7.4. Recent Developments
- 12.1.8. Liebherr-International AG
- 12.1.8.1. Description
- 12.1.8.2. Product Portfolio
- 12.1.8.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.8.4. Recent Developments
- 12.1.9. Magellan Aerospace Corporation
- 12.1.9.1. Description
- 12.1.9.2. Product Portfolio
- 12.1.9.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.9.4. Recent Developments
- 12.1.10. Safran SA
- 12.1.10.1. Description
- 12.1.10.2. Product Portfolio
- 12.1.10.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.10.4. Recent Developments
- 12.1.11. SPP Canada Aircraft Inc.
- 12.1.11.1. Description
- 12.1.11.2. Product Portfolio
- 12.1.11.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.11.4. Recent Developments
- 12.1.12. Triumph Group Inc.
- 12.1.12.1. Description
- 12.1.12.2. Product Portfolio
- 12.1.12.3. Financials (Data as available in public Arrangement and/or on paid databases)
- 12.1.12.4. Recent Developments
- 13. Appendix
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook