Aircraft Landing Gear Market Forecasts to 2030 – Global Analysis By Component (Retraction System and Brakes & Wheels), Aircraft Type (Rotary Wing and Fixed Wing), Type (Nose Landing Gear and Main Landing Gear) and By Geography

Aircraft Landing Gear Market Forecasts to 2030 – Global Analysis By Component (Retraction System and Brakes & Wheels), Aircraft Type (Rotary Wing and Fixed Wing), Type (Nose Landing Gear and Main Landing Gear) and By Geography

According to Stratistics MRC, the Global Aircraft Landing Gear Market is accounted for $7.7 billion in 2024 and is expected to reach $12.6 billion by 2030 growing at a CAGR of 8.6% during the forecast period. Aircraft landing gear is a crucial component designed to support an aircraft during takeoff, landing, and while on the ground. It typically consists of wheels or skids, along with struts that absorb the impact of landing and help in distributing the weight of the aircraft evenly. The system includes not only the wheels but also brakes, shock absorbers, and retractable mechanisms in many modern aircraft. The primary functions of landing gear are to ensure a safe and smooth touchdown, facilitate ground maneuvering, and provide structural support to the aircraft when it is on the ground.

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Market Dynamics:

Driver:

Increasing air travel demand

As air travel demand continues to surge, the aviation industry is experiencing significant advancements in aircraft landing gear technology. To accommodate larger fleets and heavier, more fuel-efficient aircraft, landing gear systems must evolve to handle increased stresses and operational demands. Innovations in materials, such as high-strength composites and advanced alloys, are being employed to enhance durability while reducing weight. Additionally, sophisticated landing gear designs now incorporate advanced shock absorption and vibration dampening technologies to ensure smoother landings and greater reliability.

Restraint:

High development and maintenance costs

The high development and maintenance costs of aircraft landing gear pose significant challenges to the aviation industry. Designing landing gear systems involves advanced engineering and materials science to ensure safety, durability, and performance under extreme conditions. This complexity requires extensive research, testing, and certification processes, all of which contribute to substantial initial development expenses. However, maintenance costs are elevated due to the need for regular inspections, overhauls, and parts replacements to maintain operational safety and compliance with stringent regulations.

Opportunity:

Rising focus on fuel efficiency

The increasing emphasis on fuel efficiency in aviation is driving substantial advancements in aircraft landing gear design. As airlines and manufacturers strive to reduce operational costs and environmental impact, landing gear systems are evolving to support these goals. Modern landing gears are being engineered to be lighter and more aerodynamically efficient, which contributes to overall fuel savings by reducing the aircraft's weight and drag. Innovations such as advanced materials, optimized structural designs and integrated systems for real-time performance monitoring are key factors in these improvements.

Threat:

Regulatory and financial barriers to innovation

Regulatory and financial barriers are significant challenges hindering innovation in aircraft landing gear systems. Stringent regulatory requirements, designed to ensure safety and reliability, often impose rigorous testing and certification processes that can slow down the introduction of new technologies. Compliance with these regulations requires substantial time and investment, which can deter companies from pursuing novel solutions. Financially, the high cost of research, development, and testing further strains budgets, particularly for smaller firms or startups. The risk of investing in unproven technologies creates uncertainty, making it difficult to secure funding.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the aircraft landing gear sector due to reduced airline operations and maintenance activities. With global travel restrictions and a sharp decline in air travel, airlines grounded fleets and postponed or canceled scheduled maintenance and overhauls, which directly affected landing gear servicing and replacement. The resultant decrease in demand led to a slowdown in production and a backlog of parts and services within the landing gear supply chain. However, the pandemic disrupted global supply chains, causing delays in the procurement of critical materials and components essential for landing gear production and repair.

The Retraction System segment is expected to be the largest during the forecast period

Retraction System segment is expected to be the largest during the forecast period by optimizing its functionality and efficiency. This system is responsible for the controlled retraction and deployment of the landing gear during takeoff and landing phases. Modern advancements in the Retraction System involve sophisticated hydraulic or electric actuators that ensure smooth and reliable operation. By integrating advanced sensors and control algorithms, the system can precisely manage gear position, reducing mechanical wear and improving safety. Enhanced retractable gear systems also play a role in minimizing drag and fuel consumption, leading to overall improved aircraft performance.

The Main Landing Gear segment is expected to have the highest CAGR during the forecast period

Main Landing Gear segment is expected to have the highest CAGR during the forecast period. This segment involves the continuous development and refinement of components such as the shock absorbers, struts, and wheels, which collectively contribute to a smoother landing experience and improved safety. By incorporating advanced materials and innovative engineering designs, the Main Landing Gear segment aims to reduce weight, increase durability, and enhance the overall operational efficiency of the landing gear.

Region with largest share:

North America region dominated the largest market share over the extrapolated period due to the rapid industrialization and increased air travel, airlines are investing in modern aircraft and upgrading existing fleets. This surge in demand for new aircraft components, including landing gear systems, creates opportunities for North American manufacturers to supply high-quality, advanced products throughout the region. Additionally, the competitive pressure from emerging markets spurs innovation and efficiency improvements in North American companies. This interplay not only boosts production but also enhances the industry's ability to meet evolving safety and performance standards across the region.

Region with highest CAGR:

Europe region is poised to hold profitable growth during the projection period. In the European aviation sector, government regulations are substantially enhancing the development and safety of aircraft landing gear. The European Union Aviation Safety Agency (EASA) mandates stringent standards for landing gear systems, ensuring they meet high performance and safety benchmarks. These regulations drive innovation by encouraging manufacturers to adopt advanced materials and technologies, improving the durability and efficiency of landing gear across the region.

Key players in the market

Some of the key players in Aircraft Landing Gear market include AAR Corporation, BAE Systems, Boeing Commercial Airplanes, Elbit Systems, Hawker Pacific Aerospace, Honda Aircraft Company, Honeywell International, Inc, Magellan Aerospace Corporation, Safran Landing Systems, Textron Aviation and Triumph Group Inc.

Key Developments:

In February 2024, Liebherr Aerospace announced signed a long term service contract with Japan Airlines (JAL) for the overhaul of aircraft landing systems. Liebherr would offer its extensive service and product portfolio for the maintenance, repair, and overhaul of landing systems for JAL’s operational fleet.

In October 2023, Safran Landing Systems announced that the company signed a five year contract with airline company Wizz Air where the company would be provided with MRO operations for 57 aircrafts.

In October 2023, Supernal announced a collaboration with Mecaer Aviation Group and Hyundai WIA to develop landing gear for its SA-1 eVTOL aircraft, with plans for a technology demonstrator by late 2024. The partnership capitalizes on Mecaer's expertise in landing gear design and Hyundai WIA's precision manufacturing capabilities.

In August 2023, WAAM3D joined the I-Break project, a £22.5m collaboration led by Airbus and 15 partners. The initiative aimed to advance lower-emission aerospace technology by innovating landing gear components, utilizing additive manufacturing and composite techniques to accelerate production and reduce the industrial CO2 footprint by 30%.

Components Covered:
• Retraction System
• Brakes & Wheels

Aircraft Types Covered:
• Rotary Wing
• Fixed Wing

Types Covered:
• Nose Landing Gear
• Main Landing Gear

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements