Global Aircraft Landing Gear Market Outlook to 2028

Global Aircraft Landing Gear Market Overview

The Global Aircraft Landing Gear Market was valued at USD 7 billion in 2023. This market is primarily driven by the growing demand for new aircraft due to rising air travel and the need to replace aging fleets with more fuel-efficient models.

The major players in the global aircraft landing gear market include Safran S.A., Liebherr Aerospace, Collins Aerospace, Heroux-Devtek Inc., and Triumph Group Inc. These companies are at the forefront of developing innovative landing gear solutions, focusing on meeting the stringent safety and performance standards required by the aerospace industry.

In 2023, Safran S.A. launched advanced, lightweight landing gear systems for next-generation aircraft, aligning with the industry's shift towards fuel efficiency and sustainability. This initiative supports the aviation sector's roadmap for net-zero emissions by 2050, emphasizing the development of greener technologies and materials. Safran is committed to addressing challenges related to weight, durability, and maintenance, ultimately reducing operational costs and enhancing aircraft lifecycles.

In 2023, North America dominated the global aircraft landing gear market due to the strong presence of major aircraft manufacturers and substantial investments in both defense and commercial aviation sectors.

Global Aircraft Landing Gear Market Segmentation

The global aircraft landing gear market is segmented by type, application, and region.

By Type: The market is segmented into nose landing gear and main landing gear. In 2023, the main landing gear segment held the highest market share, driven by the increasing number of aircraft deliveries and the need for robust systems capable of supporting larger and heavier aircraft.

By Application: The market is segmented into commercial aircraft, military aircraft, and general aviation. In 2023, the commercial aircraft segment held the largest market share due to the high demand for new, fuel-efficient aircraft in response to the recovery of air travel post-pandemic.

By Region: The global aircraft landing gear market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. In 2023, North America held the largest market share, supported by technological advancements in aircraft design and the strong presence of major aerospace companies.

Global Aircraft Landing Gear Market Competitive Landscape

Company

Establishment Year

Headquarters

Safran S.A.

2005

Paris, France

Liebherr Aerospace

1949

Bulle, Switzerland

Collins Aerospace

2018

Charlotte, USA

Heroux-Devtek Inc.

1942

Quebec, Canada

Triumph Group Inc.

1993

Pennsylvania, USA

Collins Aerospace: In 2023, Collins Aerospace opened a $50 million advanced electric power systems lab called The Grid in Rockford, Illinois. This facility will focus on developing and testing components for hybrid-electric propulsion systems, supporting the aviation industry's goal of achieving net-zero carbon emissions by 2050. The lab aims to create more efficient and powerful electric systems for various aircraft applications.

Liebherr Aerospace: In 2023, Liebherr Aerospace received the Best Supplier Award from Embraer, advanced additive manufacturing with a 3-D printed component approved for the Airbus A350, and signed a long-term service contract with Japan Airlines for landing gear overhauls. These developments underscore Liebherr's commitment to innovation and excellence in aerospace.

Global Aircraft Landing Gear Market Analysis

Global Aircraft Landing Gear Market Growth Drivers:

Increasing Aircraft Production: Global aircraft deliveries are expected to grow, with Boeing delivering 528 aircraft in 2023, a 10% increase, and Airbus delivering 735 aircraft, an 11% increase. The industry is recovering from the pandemic, driven by the revival of air travel and the replacement of aging fleets.

Focus on Weight Reduction: The aerospace industry is increasingly prioritizing lightweight materials to enhance fuel efficiency and reduce operational costs. By 2024, about 50% of manufacturers are expected to adopt advanced materials like titanium and composites in their designs.

Rising Demand for Electric Aircraft: In 2023, the demand surged substantially, reflecting a growing interest in landing gear systems that can support electric propulsion technologies. This trend is essential for accommodating the higher loads associated with battery storage and advancing the industry's commitment to sustainability.

Global Aircraft Landing Gear Market Challenges:

High Implementation Costs: In 2022, the average cost of aircraft landing gear systems was estimated at around $1 million per aircraft. Extensive testing and certification processes, which can average around $150,000 per landing gear system, further increase these expenses, making it a substantial financial commitment for manufacturers.

Stringent Regulatory Requirements: The aircraft landing gear market faces challenges due to stringent regulatory requirements imposed by aviation authorities like the FAA and EASA. The costs associated with testing and certification can be substantial, with estimates indicating that these processes can add an average of $150,000 per landing gear system, impacting the overall development budget.

Global Aircraft Landing Gear Market Government Initiatives:

FAAs Next Gen Initiative: The Federal Aviation Administration's (FAA) Next Gen initiative, launched in 2007, aims to modernize the U.S. air transportation system by adopting advanced communication and navigation systems. The goals include enhancing safety, efficiency, capacity and reducing environmental impacts. The FAA expects to complete major Next Gen systems by 2025, with full deployment going beyond that timeframe.

EU Emissions Trading System (EU ETS): The EU Emissions Trading System (EU ETS) has effectively reduced greenhouse gas emissions by over 40% since its inception in 2005. In 2023, the average cost of carbon allowances reached 84 euros per metric ton, with prices peaking at 100.34 euros in February. The EU aims for a 62% reduction in emissions by 2030 compared to 2005 levels.

Global Aircraft Landing Gear Market Future Market Outlook

The Global Aircraft Landing Gear Market is expected to grow steadily over the coming years, driven by the increasing demand for new aircraft, advancements in electric aircraft technology, and the ongoing focus on weight reduction and efficiency.

Global Aircraft Landing Gear Market Future Market Trends:

Increased Adoption of Lightweight Materials: By 2028, the adoption of lightweight materials in aircraft landing gear production is expected to accelerate. This trend is driven by the industry's need for greater fuel efficiency and reduced emissions. Innovations in materials, such as ceramic fiber-reinforced composites, are projected to save airlines fuel costs.

Integration of Smart Landing Gear Systems: By 2028, there will be a growing demand for smart landing gear systems that can monitor and report on the health and performance of landing gear in real time. The integration of smart technologies is a key trend in the landing gear market, with advancements in sensor-based systems and predictive maintenance expected to enhance performance and reduce operational costs.
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