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 Gear Market Size
The Aircraft Landing Gear Market Size is estimated to be USD 7.1 billion in 2023 and is projected to reach USD 9.1 billion by 2028, at a CAGR of 5.0% from 2023 to 2028. Rising global air traffic, increasing demand for new aircraft, growth in the military sector requiring specialized landing gear, emergence of Urban Air Mobility (UAM) demanding innovative solutions, and the need for consistent maintenance and part replacements within the growing global aircraft fleet all the drivers that contribute to the Aircraft Landing Gears Industry expansion.
Aircraft Landing Gears Market Forecast to 2028
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Aircraft Landing Gear Market Trends
Driver: Increase in aircraft production will drive the aircraft landing gear market
The rise in aircraft manufacturing significantly impacts the growth in the aircraft landing gears market. Growing aircraft production drives demand for advanced aircraft landing gears. This synergy between increased aircraft production and specifically required landing gear development shapes a dynamic business landscape. Also aging aircraft eventually need to be replaced with newer, more fuel-efficient models. This ongoing process of fleet modernization creates a consistent demand for new landing gear systems, further propelling the market forward. Anticipated increases in aircraft deliveries in the coming years, as manufacturers ramp up production rates and the international aviation sector continues its post-pandemic recovery, underscore the significance of this market. In 2023, Boeing and Airbus collectively delivered 528 and 735 aircraft, surpassing their respective 2022 figures of 480 and 661 deliveries. Airbus reported record annual jet orders and confirmed an 11% rise in 2023 deliveries. The International Air Transport Association (IATA) predicts that the number of air passengers will reach 4.7 billion in 2024, surpassing the 4.5 billion passengers who traveled in 2019, indicating a demand for new aircraft in the upcoming years.
Restraints: Regulatory barriers from aviation authorities
Mechanical errors, like problems with landing gear failures, is among some of the big reasons for airplane accidents. Hence the landin gear systems have strict rules and checks. They have to be tough as they take a lot of strain during takeoff and landing, and they have to work in all kinds of weather. Sometimes, there are issues with the landing gear not coming out properly during landing or not locking in place right during flight or on the ground. Because of all this, companies that make and fix landing gear have to follow rules set by aviation authorities like the FAA and EASA. Even if they want to use new materials or technologies for landing gear, they have to do lots of tests to make sure they're safe for planes to use. The rules also cover how the landing gear moves and how different parts work together. Everything from the switches in the cockpit to the position of the flaps during takeoff and landing has to meet these rules to keep flights safe.
Opportunity: Booming advanced air mobility industry
The future of advanced air mobility (AAM) has a widespread by the 2030s. This industry has attracted a lot of investments , and more than 200 companies worldwide are currently working on AAM projects. These companies include traditional aerospace companies, as well as newer ones focusing only on AAM. Even though it's still growing and changing, AAM is likely to become more popular within the next ten years. As, businesses involved in AAM are constantly finding strong business strategies for successful commercial operations. The demand for landing systems in AAMs is expected to boost the landing gear market in the next decade.
Challenges: Global political and social instability
Global political and social instability like the Russia-Ukraine War and concers about the environment are causing problems for both buyers and sellers, making it hard to predict what will happen next in the aviation industry. Since the war, there's been a lot of uncertainty, and governments might make new rules about flying to keep people safe. This could be tough for some companies in the industry because they might not make as many planes or money as they used to. Right now, the number of planes being delivered and the orders waiting to be filled are being affected. This slowdown affects the companies that are OEM and Aftermarket providers of the company.
Aircraft Landing Gear Market Ecosystem
In the Aircraft Landing Gear Market ecosystem, key stakeholders range from major aircraft manufacturers to private enterprises, distributors, suppliers, retailers, and end customers like airlines and air forces. Influential forces shaping the industry include investors, funders, academic researchers, distributors, service providers, and defense procurement authorities. This intricate network of participants collaboratively drives market dynamics, innovation, and strategic decisions, highlighting the complexity and vitality of the aviation sector.
Aircraft Landing Gear Market Segment Analysis
Based on the end user, the OEM segment is estimated to lead the Aircraft Landing Gear Market Size in 2023
Based on the end user, the Aircraft Landing Gear Market has been segmented broadly into OEM and Aftermarket. Here OEM segment is leading this segment in 2023. The primary driver for the OEM segment is the direct sale of landing gear systems that are installed on entirely new aircraft. As the demand for new airplanes rises due to factors like, increasing global air traffic requiring airlines to expand their fleets and fleet modernization necessitating the replacement of older, less efficient aircraft. Development of new aircraft models catering to specific needs are the main factors among others that are driving the OEM segment in the aircraft landing gears market.
Based on the type, the main landing gear segment is estimated to lead the Aircraft Landing Gear Market Share in 2023
Based on the type segment, the aircraft landing gear market has been segmented broadly into main landing gear and nose landing gear. The main landing gear needs to be robust enough to withstand the majority of the aircraft's weight during landing and taxiing. This necessitates the use of stronger materials and a larger overall structure. An aircraft typically requires two main landing gear units, while the nose landing gear is present as a single unit. This inherently leads to a higher production volume and market share for the main landing gear segment. These factors translate into the highest market share of main landing gear type in the aircraft landing gears market.
Based on the aircraft type, the fixed-wing aircraft segment is estimated to lead the Aircraft Landing Gear Market Share in 2023
Based on the aircraft type, the aircraft landing gear market has been segmented broadly into fixed-wing aircraft, rotary-wing aircraft, unmanned aerial vehicle and advanced air mobility Fixed-wing aircraft, including commercial aviation, military aviation and business jets & general aviation represents most of the air travel. This translates to a significantly larger demand for landing gear systems compared to other segments. Due to their widespread use in commercial aviation, fixed-wing aircraft are manufactured in much higher quantities compared to other types. This directly translates to a higher demand for landing gear systems specifically designed for these aircraft.
Based on the subsystems, the structural segment is estimated to lead the Aircraft Landing Gear Market Size in 2023
Based on the subsystems, the aircraft landing gear market has been segmented broadly into actuation systems, steering systems, brake systems and other systems. Here structural system is leading this segment in 2023. A crucial driver is the ongoing industry-wide effort to develop lighter and more fuel-efficient aircraft. This necessitates the use of advanced materials in the structural components of the landing gear. Manufacturers are increasingly incorporating composite materials like carbon fiber into landing gear structures. Composites offer a high strength-to-weight ratio, enabling significant weight reduction while maintaining structural integrity. The structural segment encompasses components like landing gear beams, struts, and support structures. These components require continuous advancements to handle the increasing weight and operational demands of modern aircraft. Structural components need to be highly durable to withstand the immense stresses experienced during landing, taxiing, and take-off.
Aircraft Landing Gear Market Regions Analysis
The North America market is projected to have the largest market share in 2023 in the aircraft landing gears
Based on region, the Aircraft Landing Gear Market has been segmented into North America, Europe, Asia Pacific the Middle East, Latin America, and Africa. North America's landing gear sector is thriving due to a combination of factors. The region's robust aviation industry, marked by major players and a high concentration of airlines, drives consistent demand for landing gear. The region's emphasis on modernizing aging fleets, coupled with a growing trend toward advanced manufacturing techniques and materials used, further propels the aircraft landing gears market. The market is characterized by a surge in investments in research and development.
Aircraft Landing Gears Market by Region
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Aircraft Landing Gears Market Companies: Key Market Players
Major players in the Aircraft Landing Gear companies include:
- Collins Aerospace (US)
- Safran (France)
- Héroux-Devtek (Canada)
- Liebherr (Switzerland)
- Triumph Group (US)
These companies have adopted various strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the market. Also the report covers various industry trends and new technological innovations in the aircraft landing gear industry.
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Report Metric |
Details |
Estimated Value
|
USD 7.1 Billion in 2023 |
Projected Value |
USD 9.1 Billion by 2028 |
Growth Rate |
CAGR of 5.0 % |
Market size available for years |
2019-2028 |
Base year considered |
2022 |
Forecast period |
2023-2028 |
Forecast units |
Value (USD) |
Segments Covered |
By End User, Aircraft Type, Subsystem and Type |
Geographies covered |
North America, Europe, Asia Pacific, the Middle East, Latin America, & Africa |
Companies covered |
Collins Aerospace (US), Safran (France), Héroux-Devtek (Canada), Liebherr (Switzerland), Triumph Group (US), among others. |
Aircraft Landing Gears Market Highlights
This research report categorizes the aircraft landing gears markets based on End User, Type, Aircraft Type, and Subsystems.
Segment |
Subsegment |
By Aircraft Type |
|
By End User |
|
By Type |
|
By Subsystem |
|
By Region |
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Recent Developments
- In February 2024, Liebherr (Switzerland) and Japan Airlines signed an agreement covering the overhaul of the landing gear systems of J-Air’s fleet of Embraer E170 / E190 aircraft.
- In September 2023, Safran entered into contract with Bell’s tiltrotor for its aircraft program as part of the US Army’s Future Long-Range Assault Aircraft (FLRAA) project. According to the contract, Safran Landing Systems will design and develop the fully integrated landing system from Bell’s tiltrotor.
- In May 2022 Safran (France) and Magellan Aerospace Corporation (US) partnered to manufacture and process the landing gear systems for commercial aircraft platforms.
Frequently Asked Questions (FAQs) Addressed by the Report:
What are your views on the growth prospect of the aircraft landing gear market?
Response: The Aircraft Landing Gear Market exhibits promising growth prospects driven by technological innovations, rising air travel demand, and increased focus on safety and efficiency. Advancements such as autonomous flight capabilities, and sustainable aviation solutions contribute to market expansion.
What are the key sustainability strategies adopted by leading players operating in the aircraft landing gear market?
Response: Key players have adopted various organic and inorganic strategies to strengthen their position in the aircraft landing gear market. Major players Collins Aerospace (US), Safran (France), Héroux-Devtek (Canada), Liebherr (Switzerland), Triumph Group (US) have adopted various strategies, such as contracts and agreements, to expand their presence in the market further.
What are the new emerging technologies and use cases disrupting the aircraft landing gear market?
Response: Some of the major emerging technologies are advanced manufacturing techniques and artificial intelligence that will disrupt the aircraft landing gear market.
Who are the key players and innovators in the ecosystem of the aircraft landing gear market?
Response: Major players in the Aircraft Landing Gear Market include Collins Aerospace (US), Safran (France), Héroux-Devtek (Canada), Liebherr (Switzerland), Triumph Group (US).
Which region is expected to hold the highest market share in the aircraft landing gear market?
Response: Aircraft Landing Gear Market in the North America region is estimated to account for the largest share of 46.9% of the market in 2023.
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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.
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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)
Growth opportunities and latent adjacency in Aircraft Landing Gears Market
Please, I would like information (by e-mail) about the LATAM MARKET for the aerospace segment, specific for land gear and aerostructures. Thank you.