Aircraft Landing Gears Market by Type (Main Landing Gears, Nose Landing Gears), End User (OEM, Aftermarket), Platform (Fixed-wing, Rotary-wing, Unmanned Aerial Vehicles, Advanced Air Mobility), Subsystem and Region - Global Forecast to 2028

Aircraft Landing Gears Market by Type (Main Landing Gears, Nose Landing Gears), End User (OEM, Aftermarket), Platform (Fixed-wing, Rotary-wing, Unmanned Aerial Vehicles, Advanced Air Mobility), Subsystem and Region - Global Forecast to 2028

The aircraft landing gears market is estimated to grow from USD 7.1 billion in 2023 to USD 9.1 billion by 2028, at a CAGR of 5.0%. Airlines need to replace aging aircraft with newer, more fuel-efficient models to comply with environmental regulations and improve operating efficiency. This creates a consistent demand for new aircraft. The growing demand is also due to the increasing number of air passengers globally. This rising demand in aircraft provides a growth in demand of the landing gears which drives the aircraft landing gears market.

“OEM segment by end user is expected to hold the highest market share in 2023.”

Based on end user, the aircraft landing gears market is categorized into OEM and Aftermarket. The OEM segment holds the highest share during the forecast period. The increasing global demand for commercial and military aircraft drives the OEM segment of the aircraft landing gears market. As aircraft manufacturers experience higher delivery and production rates, the demand for landing gears directly follows a growing trend. Airlines seek landing gears that improve overall operational efficiency, by maintaining their overall weight, and enhancing passenger experience. Overall, both OEM and Aftermarket segments are crucial for the sustainable growth of the aircraft landing gears market.

“Rotary-wing Aircraft segment by aircraft type is estimated to hold the second highest market share in 2023.”

Based on aircraft type, the market is further divided into types, encompassing fixed-wing aircraft, rotary-wing aircraft, Unmanned aerial vehicle and advanced air mobility. Major industry players are actively engaged in developing advanced rotary wing aircraft. Many countries, particularly in developing economies, are increasing their military budgets. This translates to a higher demand for helicopters for various military operations like transport, special missions, and combat. Each military helicopter requires landing gear that can withstand harsh conditions and unique maneuvering capabilities, this translates to the second highest market share for the rotary-wing aircraft in the aircraft landing gear market.

“Nose landing gear by type segment is expected to hold the second highest market share in 2023.”

Based on type, the aircraft landing gears market is further segmented into main landing gears and nose landing gears. Nose landing gear design incorporates specific steering mechanisms to enable precise aircraft control during taxiing and maneuvering on the ground. Nose landing gear may integrate anti-skid braking systems and advanced tire designs to ensure optimal performance during taxiing and landing. These advancements and importance of nose landing gears in an aircraft boosts the market in aircraft landing gear market.

“North America is expected to hold the highest market share in 2023.”

North America has the largest commercial aircraft fleets and military aircraft in the world. It also has the largest number of OEMs and Aftermarket companies in the aircraft landing gears market. North America covers the US and Canada for market analysis. In North America, major aircraft manufacturers like Boeing and Airbus continually invest in next-generation aircraft programs. The development of advanced platforms, such as the Boeing 737 MAX and Airbus A320neo families, creates opportunities for aircraft landing gear systems with enhanced capabilities and features. The strategic partnerships and collaborations between landing gear manufacturers and major aircraft manufacturers like Boeing and Airbus contribute to the growth of the aircraft landing gears market. Joint initiatives often lead to the development of innovative landing gear solutions tailored to specific aircraft models.

The break-up of the profile of primary participants in the Avionics market:

By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%

By Designation: C Level – 35%, Director Level – 25%, Others – 40%

By Region: North America – 20%, Europe – 20%, Asia Pacific – 40%, & Rest of the World – 20%

Collins Aerospace (US), Safran (France), Héroux-Devtek (Canada), Liebherr (Switzerland), Triumph Group (US). These key players offer connectivity applicable to various sectors and have well-equipped and strong distribution networks across North America, Europe, Asia Pacific, Middle East, Latin America, and Africa.

Research Coverage:

In terms of end user, the aircraft landing gears market is divided into OEM and Aftermarket.

The aircraft type based segmentation includes fixed-wing aircraft, rotary-wing aircraft, unmanned aerial vehicles and advanced air mobility.

Based on Subsystems, the aircraft landing gears market is further segmented into actuation systems, steering systems, braking systems, structural systems, and other subsystems.

This report segments the aircraft landing gears market across six key regions: North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa along with their respective key countries. The report's scope includes in-depth information on significant factors, such as drivers, restraints, challenges, and opportunities that influence the growth of the aircraft landing gears market.

A comprehensive analysis of major industry players has been conducted to provide insights into their business profiles, solutions, and services. This analysis also covers key aspects like agreements, collaborations, new product launches, contracts, expansions, acquisitions, and partnerships associated with the aircraft landing gears market.

Reasons to buy this report:

This report serves as a valuable resource for market leaders and newcomers in the aircraft landing gears market, offering data that closely approximates revenue figures for both the overall market and its subsegments. It equips stakeholders with a comprehensive understanding of the competitive landscape, facilitating informed decisions to enhance their market positioning and formulating effective go-to-market strategies for Simulation. The report imparts valuable insights into the market dynamics, offering information on crucial factors such as drivers, restraints, challenges, and opportunities, enabling stakeholders to gauge the market's pulse.

The report provides insights on the following pointers:

Analysis of the key driver (Rising aircraft production, Growing fleets of commercial and military aircraft, Rising need for light aircraft), restraint (Regulatory barriers from aviation authorities, Short lifespans and overhauling cycles of landing gears) opportunities (Inte Growing adoption of advanced materials and technologies, Booming advanced air mobility industry) and challenges (Manufacturing challenges faced by OEMs, Global political and social instability) there are several factors that could contribute to an increase in the aircraft landing gears market.

Market Penetration: Comprehensive information on aircraft landing gears offered by the top players in the market

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the aircraft landing gears market

Market Development: Comprehensive information about lucrative markets – the report analyses the aircraft landing gears market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the aircraft landing gears market

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the aircraft landing gears market