Mexico Aircraft Landing Gears Market (2023-2028)
The Mexico Aircraft Landing Gears Market was valued at $30.6 Million in 2023 and projected to reach to $48.7 Million by 2028, representing a compound annual growth rate of 9.7%. Mexico's aircraft landing gears market is poised for substantial growth through 2028, driven by the country's strengthening position as a regional aerospace manufacturing and MRO center.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Mexico Aircraft Landing Gears Market Trends and Insights
- Mexico is positioned as a key aerospace manufacturing hub within Latin America, driven by increasing aircraft maintenance, repair, and overhaul (MRO) activities and growing regional aviation demand.
- The market in Mexico is projected to reach $48.7 million by 2028, representing a compound annual growth rate of 9.7%, substantially outpacing global market growth. The acceleration in Mexico's aircraft landing gears sector reflects strengthened regional connectivity, rising commercial fleet modernization, and Mexico's strategic role in North American aerospace supply chains.
- Mexico's competitive manufacturing ecosystem and proximity to major aviation markets continue to attract investment in landing gear components and systems.
- Between 2023 and 2028, Mexico's market expansion will be underpinned by increased aircraft utilization rates, regulatory compliance upgrades, and the integration of advanced landing gear technologies across regional carriers..
Key Market Statistics
- CAGR (2023-2028) 9.7% CAGR
- Market Size, 2023 ~USD 30.6 Million
- Forecast, 2028 ~USD 48.7 Million
- Country Mexico
Mexico Aircraft Landing Gears Market Overview
Market Valuation Growth :
Mexico's aircraft landing gears market reached $30.6 million in 2023 and is projected to grow to $48.7 million by 2028, representing a robust 9.7% CAGR, significantly outpacing the global growth rate of 5%.
MRO Hub Expansion :
Mexico's position as a leading aerospace manufacturing and maintenance hub in Latin America is driving increased demand for landing gear components, supported by growing aircraft maintenance, repair, and overhaul (MRO) activities across the region.
Regional Aviation Growth :
Rising regional aviation demand and fleet expansion initiatives across Mexico and neighboring Latin American countries are creating sustained demand for aircraft landing gear systems and replacement components.
Strategic Manufacturing Location :
Mexico's proximity to North American aerospace supply chains and established manufacturing infrastructure position it as a critical sourcing destination for landing gear components and assemblies.
Mexico Aircraft Landing Gears Market Dynamics
- The 9.7% CAGR reflects increasing aircraft utilization rates, fleet modernization initiatives, and expanding maintenance capabilities across Mexican and Latin American operators.
- Investment in aerospace infrastructure and favorable trade agreements continue to attract international manufacturers and service providers to establish operations in Mexico. The market outlook remains positive as regional airlines expand their fleets and upgrade aging aircraft, creating consistent demand for landing gear systems and components.
- Mexico's competitive labor costs, geographic advantages, and growing technical expertise position the country to capture increasing market share within Latin America's aerospace sector through 2028..
Related Ecosystem
Aviation
- Narrow Body Aircraft
- Wide Body Aircraft
- Military Helicopters
- Special Mission Aircraft
- Fighter Aircraft
- HONEYWELL INTERNATIONAL INC.
- COLLINS AEROSPACE
- Thales group
- Safran group
- HEICO Corporation
Key Takeaways
- Mexico's aircraft landing gears market reached $30.6 million in 2023 and is forecast to grow to $48.7 million by 2028 at a 9.7% CAGR.
- Mexico's growth rate significantly exceeds the global average, positioning the country as a high-growth market within the aerospace sector.
- Mexico's strategic location and manufacturing capabilities make it a critical hub for landing gear supply chain integration in North America.
- Rising MRO activities and fleet modernization initiatives across Mexico's aviation sector are primary drivers of sustained market expansion.
Aircraft Landing Gears Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2023 |
| Fastest Growing Segment | ADVANCED AIR MOBILITY (Aircraft Type) |
| Forecast Period | 2023-2028 |
| Growth Rate | CAGR of 5% from 2023 to 2028 |
| Largest Segment | FIXED-WING AIRCRAFT (Aircraft Type) |
| Market Size Base Year (Billions) | ~USD 7.13 (2023) |
| Revenue Forecast (Billions) | ~USD 9.1 (2028) |
| Segments Covered | End User, Aircraft Type, Fixed-Wing Aircraft, Commercial Aviation, Business Jets And General Aviation, Military Aviation, Rotary-Wing Aircraft, Type, Subsystem |
Mexico Aircraft Landing Gears Market Report Segmentation
9 segment dimensions are covered across the global market.
By End User
- Aftermarket
- OEM
By Aircraft Type
- Advanced Air Mobility
- Fixed-Wing Aircraft
- Rotary-Wing Aircraft
- Unmanned Aerial Vehicles
By Fixed-Wing Aircraft
- Business Jets And General Aviation
- Commercial Aviation
- Military Aviation
By Commercial Aviation
- Narrow-Body Aircraft
- Regional Transport Aircraft
- Wide-Body Aircraft
By Business Jets And General Aviation
- Business Jets
- General Aviation
By Military Aviation
- Fighter Aircraft
- Special Mission Aircraft
- Transport Aircraft
By Rotary-Wing Aircraft
- Civil Helicopters
- Military Helicopters
By Type
- Main Landing Gears
- Nose Landing Gear
- Nose Landing Gears
By Subsystem
- Actuation Systems
- Brake Systems
- Braking Systems
- Other Subsystems
- Steering Systems
- Structural Systems
MEXICO: AIRCRAFT LANDING GEARS MARKET, BY END USER, 2023–2028
| Segment | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR (%) |
|---|---|---|---|---|---|---|---|
| AFTERMARKET | 29.8 | 30.3 | 31.1 | 31.8 | 32.1 | 32.7 | 1.9 |
| OEM | 0.8 | 1 | 1.7 | 4.1 | 8.8 | 16 | 82 |
| TOTAL | 30.6 | 31.3 | 32.8 | 35.9 | 40.8 | 48.7 | 9.7 |
Target Audience
- Aerospace Manufacturers : Aircraft OEMs and landing gear component manufacturers need Mexico-specific market data to assess production capacity requirements, establish manufacturing partnerships, and capitalize on the country's growing aerospace hub status.
- MRO Service Providers : Maintenance, repair, and overhaul operators require detailed Mexico market insights to evaluate service expansion opportunities, forecast spare parts demand, and plan facility investments across the region.
- Supply Chain & Logistics Companies : Aerospace suppliers and logistics providers need Mexico market intelligence to optimize distribution networks, identify sourcing opportunities, and support the expanding regional aircraft maintenance ecosystem.
- Investment & Private Equity Firms : Investors evaluating aerospace sector opportunities in Latin America require Mexico-specific market data to assess growth potential, identify acquisition targets, and make informed capital allocation decisions.
- Government & Trade Organizations : Mexican economic development agencies and aerospace trade associations need market research to support industry promotion, policy development, and strategic initiatives to strengthen the country's aerospace competitiveness.
Reasons to Buy this Report
- Market Size & Growth Validation : Obtain precise valuation data for Mexico's landing gears market ($30.6M in 2023) with verified 9.7% CAGR projections through 2028, enabling accurate financial forecasting and investment planning specific to this high-growth market.
- Competitive Landscape Intelligence : Understand Mexico's unique position within Latin America's aerospace sector, including key manufacturers, MRO operators, and supply chain dynamics to identify partnership and expansion opportunities in this strategic regional hub.
- Regional Demand Drivers : Access detailed analysis of Mexico-specific growth catalysts including fleet expansion, MRO activity acceleration, and regional aviation trends to inform market entry strategies and product development priorities.
- Investment Decision Support : Leverage comprehensive Mexico market data to evaluate manufacturing facility locations, MRO service expansion, and component sourcing decisions with confidence in market fundamentals and growth trajectory.
- Strategic Sourcing Insights : Identify Mexico-based suppliers, manufacturers, and service providers within the landing gear ecosystem to optimize supply chain efficiency and capitalize on the country's competitive manufacturing advantages.
Frequently asked questions
What is the current size of Mexico's aircraft landing gears market?
Mexico's aircraft landing gears market was valued at $30.6 million in 2023 and is projected to reach $48.7 million by 2028.
What is the growth rate for Mexico's aircraft landing gears market?
Mexico's aircraft landing gears market is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2028.
Why is Mexico's aircraft landing gears market growing faster than the global average?
Mexico's market growth is driven by increased MRO activities, fleet modernization, strategic aerospace manufacturing positioning, and proximity to North American aviation markets.
What factors are driving demand for aircraft landing gears in Mexico?
Key drivers include rising aircraft utilization rates, regulatory compliance upgrades, regional connectivity expansion, and integration of advanced landing gear technologies.
How does Mexico's market compare to the global aircraft landing gears market?
Mexico's 9.7% CAGR significantly outpaces the global market CAGR of 5%, reflecting Mexico's strategic importance and accelerating aerospace sector development.
RESEARCH METHODOLOGY
The research study conducted on the aircraft landing gears market involved extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, and Factiva, to identify and collect information relevant to the aircraft landing gears market. Primary sources included industry experts from the market as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this industry. In-depth interviews of various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the market as well as assess the growth prospects of the market.
Secondary Research
The market share for companies in the aircraft landing gears market was determined based on secondary data made available through paid and unpaid sources and an analysis of the product portfolios of major companies. These companies were rated based on their performance and quality. These data points were further validated by primary sources. Secondary sources for this research study included corporate filings, such as annual reports, investor presentations, financial statements, trade, business, and professional associations. The secondary data were collected and analyzed to arrive at the overall market size, which was further validated by primary respondents.
Secondary sources referred to for this research study on the aircraft landing gears market included government sources, such as GAMA (General Aviation Manufacturer Association), FlightGlobal, International Air Transport Association (IATA), Boeing Outlook 2023, Airbus Outlook 2023, and federal and state governments of various countries; corporate filings, such as annual reports, investor presentations, and financial statements; and trade, business, and professional associations; among others. Secondary data was collected and analyzed to determine the overall size of the aircraft landing gears market, which was further validated by primary respondents.
Primary Research
Extensive primary research was conducted after acquiring information regarding the aircraft landing gears market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. Primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
- Both top-down and bottom-up approaches were used to estimate and validate the size of the aircraft landing gears market.
- Key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Market Size Estimation Methodology: Bottom-Up Approach
Market Size Estimation Methodology: Top-Down Approach
Data triangulation
After arriving at the overall size of the aircraft landing gear market from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the aircraft landing gear market size was validated using the top-down and bottom-up approaches.
Market Definition
Aircraft landing gears refers to the aircraft undercarriage that enables the landing and take-off of aircraft. It also supports the aircraft while taxiing and on the ground. Aircraft landing gear can be the main landing gear and nose landing gear. The aircraft landing gear system includes a braking system, steering system, and actuation system, among other systems. It is used in almost all aircraft types, such as fixed-wing and rotary-wing aircraft, for commercial and military aviation.
Stakeholders
Various stakeholders of the market are listed below:
- Raw Material Suppliers
- Aircraft Landing Gear Manufacturers
- Technology Support Providers
- Distributors
- Aftermarket Companies
- System Integrators
- Government Agencies
- Investors and Financial Community Professionals
- Research Organizations
Report Objectives
- To define, describe, segment, and forecast the size of the aircraft landing gears market based on type, end user, aircraft type, subsystem, and region.
- To analyze the degree of competition in the market by mapping the recent developments, products, and services of key market players
- To understand the structure of the aircraft landing gears market by identifying its various segments and subsegments.
- To identify and analyze key drivers, restraints, opportunities, and challenges that influence market growth.
- To forecast the size of market segments across North America, Europe, Asia Pacific, Middle East, Latin America, and Africa, along with major countries in each region
- To analyze micromarkets1 with respect to individual technological trends and their contribution to the total market
- To profile key market players and comprehensively analyze their market share and core competencies2
- To provide a detailed competitive landscape of the market, along with an analysis of business and strategies, such as mergers and acquisitions, partnerships, and agreements, in the aircraft landing gears market.
- To identify detailed financial positions, key products, and unique selling points of leading companies in the market
1 Micromarkets are referred to as the segments and subsegments of the Avionics markets considered in the scope of the report.
2 Core competencies of companies were captured in terms of their key developments and key strategies adopted to sustain their positions in the market.
Available customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company.
Regional Analysis
- Further breakdown of the market segments at the country level
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Get the Full Aircraft Landing Gears Market Report
Full forecast, segment splits, and company analysis for all Aircraft Landing Gears Market.
- Canada Aircraft Landing Gears Market
- US Aircraft Landing Gears Market
- UK Aircraft Landing Gears Market
- France Aircraft Landing Gears Market
- Germany Aircraft Landing Gears Market
- Italy Aircraft Landing Gears Market
- Russia Aircraft Landing Gears Market
- China Aircraft Landing Gears Market
- India Aircraft Landing Gears Market
- Japan Aircraft Landing Gears Market
- South Korea Aircraft Landing Gears Market
- Australia Aircraft Landing Gears Market
- UAE Aircraft Landing Gears Market
- Saudi Arabia Aircraft Landing Gears Market
- Brazil Aircraft Landing Gears Market
- South Africa Aircraft Landing Gears Market
- Nigeria Aircraft Landing Gears Market
- Rest Of Europe Aircraft Landing Gears Market
- Rest Of Asia Pacific Aircraft Landing Gears Market
- Rest Of Latin America Aircraft Landing Gears Market
- Rest Of Middle East Aircraft Landing Gears Market
- Rest Of Africa Aircraft Landing Gears Market
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