Aircraft Landing Gears Market by Type (Main Landing Gear, Nose Landing Gear), Sub-System (Steering, Actuation, Braking), End User, Platform (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, Advanced Air Mobility) and Region - Global Forecast to 2027
[241 Pages Report] The Aircraft Landing Gears Market was valued at $7,100 Million in 2022 and is estimated to grow from $7,400 Million in 2023 to $9,400 Million by 2027 at a CAGR (Compound Annual Growth Rate) of 5.7%. The key factor driving the growth of the worldwide Aircraft Landing Gears Industry is the increase in global air traffic and the spike in new aircraft deliveries. Additionally, the demand for advanced aircraft landing gear onboard modern aircraft is driving the adoption of aircraft landing gear, which saves weight and lowers operating and maintenance costs for end users.
Aircraft Landing Gears Market Forecast to 2027
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Aircraft Landing Gear Market Dynamics
Driver: Need for more intelligent and light aircraft with improved light-weighted systems
Airlines are focusing on building intelligent fleets that provide future network flexibility, maximizing capability while minimizing risk, and improving efficiency and sustainability. In most conventional airliners of today, the landing gear is extended and retracted using power drawn from centralized, complex, and heavy hydraulic systems which also power many of the aircraft’s flight control surfaces. A technology is being developed by the Clean Sky’s Advanced Landing Gear Systems project called the Electro-Hydrostatic Actuation which enables landing gear to be activated and retracted using a more localized and more electrical solution which saves weight, consumes less power, and generates less heat and noise in the process. The project is spearheaded by Safran and Liebherr. As part of this project, developments are being made in the inclusion of electrically-driven landing gear wheels for electric taxiing, further enabling a cleaner, quieter, and more efficient movement of aircraft. This is an extension of the Direct Drive System that requires aircraft engines to be turned off during taxiing, which further reduces emissions.
Restraint: Regulatory barriers causing restrictions for entry into landing gear market
One of the leading causes of aviation accidents is mechanical errors, especially due to landing gear failures. Hence landing gear systems are constantly monitored and subjected to stringent regulations and standards. Landing gear needs to able to withstand extreme weather conditions and be highly reliable and efficient as it is subjected heavy loads and shocks during take-off and landing. Issues have arisen when the landing gear has not extracted to the right position during landing, or landing gear not locking in properly in position during flight or taxiing. Hence OEMs and MRO organizations are subject to regulatory barriers by aviation authorities such as the Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA). Even the process of adopting a new system for landing gear such as adopting a new material for landing gear structures or new technologies to replace conventional systems needs to go through rigorous designing and testing processes to be able to be adopted for commercial and military flights. Regulations regarding aircraft landing gear are particular about the operation of the retraction and extension of the landing gear. The landing gear is required to meet the requirements of the different regulations for the actuation systems and support systems. The indicators, switches, and sensors that are required to support the pilot during flights as well as the positions of the flaps during landing or take off are all required to meet the regulatory standards.
Opportunity: AAM industry expected to witness growth in the coming decade
The advanced air mobility (AAM) industry is expected to become mainstream in the 2030s. The industry has received significant investments and presently there are over 200 companies worldwide developing electric vertical take-off and landing (eVTOL) aircraft. These include traditional aerospace companies, established automotive players, and purely AAM-focused new entrants. While still evolving, the AAM industry is expected to see increasing adoption in less than a decade. Therefore, companies in the AAM ecosystem are presently working towards formulating strong business strategies for successful commercial operations. The need for landing systems in AAMs is expected to drive the landing gear market during the coming decade.
Challenge: Decrease in aircraft deliveries and slower pace in meeting backlogs
The combination of negative demand and supply shocks and the uncertainty in the outlook for the medium-term lead to an uncertain perspective for airline companies. These inter-industry linkages and uncertainty affect the entire aviation industry. The industry remains exposed to multiple industry affecting events across the globe post the pandemic like the Russo-Ukrainian War as governments may impose new air travel restrictions for safety. This may threaten the existence of some firms in the industry, as production and revenues are expected to remain lower to pre-crisis levels for some time. As a short-term effect, aircraft deliveries as well as backlogs are being affected. This affects the production of landing system OEMs and MRO organizations.
Aircraft Landing Gear Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of aircraft landing gear. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. The prominent companies are Collins Aerospace (US), Eaton Corporation plc (Ireland), Safran (France), Liebherr (Switzerland), and Triumph Group (US). Airlines, global air forces, business jet users, private flyers, MROs, and chartered operators are some of the leading consumers of aircraft landing gear.
Main Landing Gear to dominate market share during the forecast period
Based on Type, the aircraft Landing gear market has been segmented into main and nose landing gear. One of the primary factors propelling this segment is the increased demand of passengers for air travel. The need to design landing gear with minimum weight, minimum volume, high performance, and improved life is driving this segment.
Actuation System to have the highest CAGR for aircraft landing gear during the forecast period
Based on sub-system, the aircraft landing gear market has been segmented into actuation system, steering system, brake system and others. The actuation system segment is expecting the highest growth due to the actuation system being the most used part of the landing gear system. Additionally, the evolving regulations that aim to enhance the safety offered by aircraft and standardize the functionalities offered by certain types of aircraft are anticipated to drive the fleet modernization programs and thereby create demand for landing gear actuation systems.
Fixed Wing segment to witness higher demand during the forecast period
Based on Platform, the aircraft landing gear market has been classified into fixed wing, rotary wing, unmanned aerial vehicles and advanced aerial mobility vehicles. Rapid growth in worldwide passenger traffic is predicted to boost demand for fixed wing aircraft in both commercial and general aviation sectors, creating a parallel need for aircraft landing gear for modern aircraft. Secondly, the manufacturers are developing the advanced aircraft landing gear system to replacing heavy, traditional aircraft components.
OEM to acquire the largest market share during the forecast period
Based on End User, the aircraft Landing gear market has been classified into OEM and Aftermarket. The ongoing fleet expansion programs of several end users, such as airlines and military operators, drive the OEM segment of the market. Several airlines are increasing the size of their fleets by investing in aircrafts that are lightweight and fuel-efficient.
North America is projected to witness the highest market share during the forecast period
North America leads the aircraft Landing gear market due Presence of big players, OEMs, and component manufacturers are some of the factors expected to boost the growth of the aircraft Landing gear market in North America. These players continuously invest in R&D to develop aircraft Landing gear with improved efficiency and reliability. Additionally, the growing demand for lightweight aircraft for civil & commercial applications and their increasing utility in the defense sector for carrying out persistent transport and surveillance activities are additional factors influencing the growth of the North America aircraft Landing gear market. North America has a high proportion of consumer spending in the world, leading to increased demand for air travel from the region. Market growth in the North American region is expected to be fueled by the increase in the number of deliveries of wide-body and narrow-body aircraft during the forecast period to fulfill the demand for air travelers. Key manufacturers and suppliers of aircraft Landing gear in this region include Collins Aerospace (US) Parker Hannifin Corporation (US), Triumph Group, Inc. (US), Moog Inc. (US), Crane Co. (US), and Beaver Aerospace & Defense, Inc. (US).
Aircraft Landing Gears Market by Region
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Key Market Players
Major players operating in the Aircraft Landing Gears Companies include Collins Aerospace (U.S.), Parker Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation Plc (Ireland), Liebherr-International Deutschland GmbH (Switzerland), Triumph Group, Inc. (U.S.), Moog Inc. (U.S.), GKN Aerospace (UK), and Beaver Aerospace & Defense, Inc. (U.S.).
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Report Metric |
Details |
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Market size available for years |
2018-2027 |
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Base year considered |
2021 |
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Forecast period |
2022-2027 |
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Forecast units |
Value (USD Million/Billion) |
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Segments Covered |
By Type, By Sub-system, By End User, By Platform, By Region |
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Geographies Covered |
North America, Asia Pacific, Europe, Middle East, Latin America and Africa |
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Companies Covered |
Collins Aerospace (U.S.), Parker-Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation Plc (Ireland), Liebherr-International Deutschland GmbH (Switzerland), Crane Co. (U.S.), Triumph Group, Inc. (U.S.), Moog Inc. (U.S.), GKN Aerospace (U.K.), and Beaver Aerospace & Defense, Inc. (U.S.), among others |
Aircraft Landing Gears Market Highlights
This research report categorizes the Aircraft landing gear market based on Sub-system, Type, End User, Platform, and Region.
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Aspect |
Details |
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Aircraft Landing Gear Market, By Sub-system |
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Aircraft Landing gears Market, By Type |
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Aircraft Landing gears Market, By End User |
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Aircraft Landing gears Market, By Platform |
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Aircraft Landing gears Market, By Region |
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Recent Developments
- In July 2022, Safran Landing Systems signed an agreement with Boom Supersonic to become a key supplier for its "Overture" aircraft programme. Boom Supersonic is developing the world's fastest airliner, which is geared for speed, safety, and sustainability. Overture will have a range of 4,250 nautical miles and travel at a speed of Mach 1.7 over water while carrying 65 to 80 people.
Frequently Asked Questions (FAQ):
What are your views on the growth prospect of the aircraft landing gear market?
The aircraft landing gear market is being driven by end-user fleet modernization initiatives, as well as an expanding order book and the delivery of new-generation aircraft.
What are the key sustainability strategies adopted by leading players operating in the aircraft landing gear market?
Key players have adopted various organic and inorganic strategies to strengthen their position in the aircraft landing gear market. The major players include Collins Aerospace (U.S.), Parker Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation Plc (Ireland), Liebherr-International Deutschland GmbH (Switzerland), Triumph Group, Inc. (U.S.), Moog Inc. (U.S.), GKN Aerospace (UK), and Beaver Aerospace & Defense, Inc. (U.S.). These players have adopted various strategies, such as acquisitions, contracts, expansions, new product launches, and partnerships & agreements, to expand their presence in the market.
What are the new emerging technologies and use cases disrupting the Aircraft Landing gear market?
Some of the major emerging technologies and use cases disrupting the market include light-weight components, wireless sensing technology, and the usage of electrical components like electric components in aviation applications.
Who are the key players and innovators in the ecosystem of the aircraft Landing gear market?
The key players in the Aircraft Landing gear market include Collins Aerospace (U.S.), Parker Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation Plc (Ireland), Liebherr-International Deutschland GmbH (Switzerland), Triumph Group, Inc. (U.S.), Moog Inc. (U.S.), GKN Aerospace (UK), and Beaver Aerospace & Defense, Inc. (U.S.).
Which region is expected to hold the highest market share in the aircraft Landing gear market?
The aircraft landing gear market in North America is projected to hold the highest market share during the forecast period due to the presence of several large aircraft landing gear manufacturers in the region.
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The study involved four major activities in estimating the current market size for the aircraft landing gear market. Exhaustive secondary research was conducted to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines, were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and simulator databases.
Primary Research
The aircraft landing gear market comprises several stakeholders, such as raw material providers, aircraft landing gear manufacturers and suppliers, and regulatory organizations in the supply chain. While the demand side of this market is characterized by various end users, the supply side is characterized by technological advancements in wireless sensing as well as lightweight material technologies. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
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 total size of the aircraft landing gear market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following:
- Key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Market Size Estimation Methodology: Bottom-Up Approach
The bottom-up approach was employed to arrive at the overall size of the aircraft landing gear market from the demand for such systems and components by end users in each country, and the average cost of integration for both, main and nose landing gear was multiplied by the new aircraft deliveries and MRO fleet, respectively. These calculations led to the estimation of the overall market size.
Market Size Estimation Methodology: Top-Down Approach
In the top-down approach, the overall market size was used to estimate the size of the individual markets (mentioned in market segmentation) through percentage splits obtained from secondary and primary research.
The most appropriate and immediate parent market size was used to calculate the specific market segments to implement the top-down approach. The bottom-up approach was also implemented to validate the market segment revenues obtained.
A market share was then estimated for each company to verify the revenue share used earlier in the bottom-up approach. With data triangulation procedures and validation through primaries, the overall parent market size and each market size were determined and confirmed in this study. The data triangulation procedure used for this study is explained in the market breakdown and triangulation section.
Data Triangulation
After arriving at the overall market size-using the market size estimation process explained above-the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides of the aircraft landing gear market.
Report Objectives
- To identify and analyze key drivers, restraints, challenges, and opportunities influencing the growth of the aircraft landing gear market
- To analyze the impact of macro and micro indicators on the market
- To forecast the market size of segments for six regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America and Africa along with major countries in each of these regions
- To strategically analyze micro markets with respect to individual technological trends, prospects, and their contribution to the overall market
- To strategically profile key market players and comprehensively analyze their market ranking and core competencies
- To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies, such as contracts, agreements, partnerships, and expansions.
- To identify detailed financial positions, key products, unique selling points, and key developments of leading companies 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 country-level
Company Information
- Detailed analysis and profiling of additional market players (up to 6)
Generating Response ...
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.