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Aircraft Landing Gear Market By Aircraft Type (Fixed-wing aircraft, Rotary-wing aircraft, Unmanned Aerial Vehicles, Advanced Air Mobility); By End User (OEM, Aftermarket); By Type (Main landing gears, Nose landing gears); By Subsystem (Actuation systems, Steering systems, Braking systems, Structural systems, Other subsystems); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 9196 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Aircraft Landing Gear Market Size 2024  USD 7,889.97 million
Aircraft Landing Gear Market, CAGR  5.34%
Aircraft Landing Gear Market Size 2032  USD 11,962.49 million

Market Overview

The Aircraft Landing Gear market is projected to grow from USD 7,889.97 million in 2024 to USD 11,962.49 million by 2032, at a compound annual growth rate (CAGR) of 5.34%.

The Aircraft Landing Gear market is experiencing robust growth driven by increasing global air traffic and the subsequent demand for new aircraft. Technological advancements in materials and design are enhancing the efficiency and durability of landing gear systems, further fueling market expansion. Additionally, the rising focus on lightweight and fuel-efficient aircraft is prompting innovations in landing gear manufacturing. The integration of advanced systems like electric actuation and condition-based monitoring technologies is also a significant trend, optimizing maintenance and operational reliability. Together, these factors are shaping a dynamic growth trajectory for the Aircraft Landing Gear market.

The Aircraft Landing Gear market exhibits significant regional diversity, with North America, Europe, Asia-Pacific, and the Middle East being key players. North America leads due to its robust aerospace manufacturing infrastructure and presence of major companies like Honeywell International and UTC Aerospace Systems. Europe follows closely, supported by industry giants such as Safran and Liebherr Group. Asia-Pacific is rapidly growing, driven by increasing aircraft production and upgrades in countries like China and India. The Middle East also shows potential, fueled by expanding airline fleets and investments in aviation infrastructure, making these regions pivotal in the global landscape of the aircraft landing gear market.

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Market Drivers

Growth of the Low-Cost Carrier Segment

 Low-cost carriers (LCCs), which have seen a 20% growth in market share, primarily operate single-aisle, narrow-body aircraft. These carriers placed orders for over 5,000 new aircraft last year, which, despite requiring less complex landing gear systems, significantly contributes to the growth of the landing gear market due to the sheer volume of orders. Nonetheless, the volume of orders from LCCs significantly contributes to the growth of the landing gear market, underscoring their pivotal role in this industry.

Increasing Focus on Safety and Efficiency

Landing gear serves as a critical safety component in aircraft, prompting airlines to seek enhancements in the safety and efficiency of these systems. Airlines are investing an estimated $2 billion annually in landing gear enhancements to improve safety and efficiency. The market has responded with landing gear that is 30% lighter and twice as strong, leading to a 5% increase in the operational performance of aircraft while meeting stringent safety standards. The market is responding with landing gear that is not only lighter and stronger but also more reliable, thereby boosting the operational performance of aircraft while adhering to stringent safety standards.

Technological Advancements and Urban Air Mobility

Innovations in materials science and engineering are revolutionizing the aircraft landing gear market. The aircraft landing gear market is being transformed by innovations in materials science, with a 40% increase in the use of composite materials to reduce weight and enhance fuel efficiency. The rise of Urban Air Mobility (UAM) and eVTOL aircraft has led to a 25% increase in demand for innovative landing gear solutions designed for compact urban environments. Manufacturers are increasingly incorporating composite materials to reduce the weight of landing gear, enhancing overall fuel efficiency. Simultaneously, the emergence of Urban Air Mobility (UAM) and the development of electric vertical takeoff and landing (eVTOL) aircraft are generating demand for innovative, lightweight, and compact landing gear solutions tailored for urban environments.

Military Sector Expansion

The military sector remains a crucial market for aircraft landing gear, driven by the need for systems that can withstand the demands of combat operations. The military sector, accounting for 35% of the landing gear market, continues to demand robust systems for combat operations. The need for specialized landing gear has resulted in a steady 5% annual growth in this market segment, emphasizing its significant and enduring impact on overall market dynamics. The ongoing requirement for robust and specialized landing gear continues to propel market growth, highlighting the sector’s enduring impact on market dynamics.

Rising Demand for New Aircraft

The commercial aviation sector is experiencing a significant upswing, with airlines adding over 8,000 new aircraft to their fleets globally to meet the 10% annual increase in passenger numbers. This surge in demand for new aircraft necessitates the production of approximately 16,000 new landing gear systems over the next five years, fueling a robust market expansion.

Market Trends

Advancements in Material and Manufacturing Technologies

The aircraft landing gear market is embracing a shift towards advanced materials, with the adoption of composite materials like carbon fiber increasing by 25% in the last year. For instance, the use of carbon fiber has led to a 20% reduction in the weight of landing gear, maintaining strength while enhancing fuel efficiency. Additionally, the integration of additive manufacturing, or 3D printing, has grown by 30%, allowing for the creation of complex, lightweight landing gear designs that reduce the number of parts by up to 40%, thus decreasing the likelihood of mechanical failures. This technology allows for the creation of complex landing gear designs that are not only more efficient but also involve fewer parts, further reducing weight and potentially decreasing the likelihood of mechanical failures.

Integration of Technology and Emphasis on Sustainability

Significant trends shaping the future of the aircraft landing gear market include the development of smart landing gear systems and a focus on sustainability. The development of smart landing gear systems, which has seen a 15% increase in implementation, is a significant trend, with the integration of sensors and electronic components facilitating real-time health monitoring. This has helped airlines reduce downtime by 10% and maintenance costs by 20%, while improving safety. The rise of electric and autonomous aircraft has led to a 35% increase in demand for landing gear that accommodates electric motors and automated operations, essential for the burgeoning Urban Air Mobility (UAM) sector. For instance, the development of eVTOL vehicles has necessitated landing gear that is 50% more compact and produces 60% less noise. Moreover, the focus on sustainability has led to a 25% increase in the use of eco-friendly materials and processes, aligning with the aviation industry’s push towards more sustainable practices and setting the stage for a more efficient, safe, and environmentally responsible future in aircraft landing gear development. This shift not only helps reduce the environmental impact of landing gear production but also aligns with the broader aviation industry’s push towards more sustainable practices.

Market Challenges Analysis

Regulatory and Financial Barriers to Innovation

The aircraft landing gear market faces significant challenges stemming from stringent regulatory environments and high development costs. Aviation authorities enforce rigorous safety standards, and obtaining certification for new landing gear designs can be both time-consuming and costly. This rigorous certification process often slows down innovation, as manufacturers must navigate complex regulatory landscapes to bring new technologies to market. Additionally, the development of new landing gear technologies, particularly for emerging aircraft models like electric vertical takeoff and landing (eVTOL) vehicles, demands substantial investment. This high cost of development poses a considerable barrier, particularly for smaller manufacturers who may lack the financial resources to invest in such extensive research and development efforts. These financial and regulatory hurdles are critical factors that can impede the pace of innovation and the introduction of advanced landing gear solutions.

Market Volatility and Production Challenges

The aircraft landing gear market is also challenged by fluctuations in aircraft production and ongoing supply chain disruptions. The demand for new aircraft, and consequently for landing gear, is closely tied to the health of the global commercial aviation sector. Economic downturns or geopolitical instabilities can lead to a decrease in demand for new aircraft, directly affecting landing gear manufacturers. Such market volatility makes planning and forecasting exceedingly difficult, impacting the stability of landing gear production operations. Moreover, recent years have witnessed significant supply chain disruptions that have affected the availability of essential raw materials and components. These disruptions complicate the production process, leading to delays and increased costs. Additionally, there is an ongoing challenge in balancing the need for lighter landing gear to improve fuel efficiency against the need for sufficient strength to ensure safe landings and operations. This balancing act requires continuous innovation and material science advancements to meet both safety standards and operational efficiency goals effectively. Together, these challenges highlight the complex environment in which landing gear manufacturers operate, demanding adaptability and advanced planning to navigate these obstacles successfully.

Market Segmentation Analysis:

By Aircraft Type:

The Aircraft Landing Gear market is segmented by aircraft type into fixed-wing aircraft, rotary-wing aircraft, unmanned aerial vehicles (UAVs), and advanced air mobility (AAM) vehicles. Fixed-wing aircraft, including commercial airliners and military jets, represent the largest segment, driven by the global expansion of both commercial aviation and defense sectors. Rotary-wing aircraft, such as helicopters, also play a significant role, particularly in markets involving emergency services, military, and private sectors. The rise of UAVs has introduced a dynamic growth area for landing gear, as these vehicles are increasingly adopted for commercial, military, and recreational uses. Additionally, the emerging segment of AAM, which includes eVTOL and other next-generation air transport solutions, is poised to revolutionize urban and regional travel, creating new opportunities for landing gear system developments tailored to these innovative platforms.

By End User:

In terms of end users, the Aircraft Landing Gear market is bifurcated into OEM (Original Equipment Manufacturer) and aftermarket segments. The OEM segment commands a significant share, fueled by the ongoing production of new aircraft and the introduction of models equipped with advanced landing gear technologies. This segment benefits directly from the surge in aircraft manufacturing and the integration of state-of-the-art landing gear in new aircraft designs. On the other hand, the aftermarket segment caters to the maintenance, repair, and overhaul (MRO) needs, which are critical for ensuring the longevity and safety of existing aircraft fleets. As the global aircraft fleet ages, the demand within the aftermarket for upgraded and replacement landing gear systems grows, driven by stringent regulatory requirements and the need to maintain operational efficiency and safety standards. This segment is crucial for sustaining the operational viability of older aircraft while supporting overall market growth.

Segments:

Based on Aircraft Type

  • Fixed-wing aircraft
  • Rotary-wing aircraft
  • Unmanned Aerial Vehicles
  • Advanced Air Mobility

 Based on End User

  • OEM
  • Aftermarket

 Based on Type

  • Main landing gears
  • Nose landing gears

Based on Subsystem

  • Actuation systems
  • Steering systems
  • Braking systems
  • Structural systems
  • Other subsystems

Based on the Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Regional Analysis

Europe accounts for a significant market share of approximately 30%, owing to the region’s well-established aerospace sector and the presence of renowned aircraft manufacturers, such as Airbus. The emphasis on safety, regulatory compliance, and the adoption of advanced technologies in the European aviation industry has driven the demand for high-quality and innovative landing gear solutions.

Asia-Pacific has emerged as a rapidly growing market, with a share of around 20%. The region’s burgeoning aviation industry, spurred by rising air travel demand and the expansion of airline fleets, has created a substantial need for both new and replacement landing gear systems. Countries like China, India, and Japan are key contributors to the Asia-Pacific market’s growth.

Key Player Analysis

  • AAR
  • Circor International
  • Eaton Corporation
  • GKN Aerospace
  • Hawker Pacific Aerospace
  • Heroux-Devtek, Inc.
  • Honeywell International
  • Liebherr Group
  • Magellan Aerospace
  • Safran

Competitive Analysis

The competitive landscape of the Aircraft Landing Gear market is marked by the presence of key players such as Safran, UTC Aerospace Systems, and Honeywell International. These companies maintain their leading positions through continuous innovation in technology, strategic partnerships, and a strong focus on R&D to produce advanced, lightweight, and efficient landing gear systems. Safran, known for its cutting-edge landing gear solutions, leverages its extensive expertise in aerospace to meet the evolving demands of both commercial and military sectors. UTC Aerospace Systems and Honeywell International capitalize on their global reach and broad product portfolios to cater to a diverse customer base. Competition is further intensified by the entry of new players and the expansion of existing manufacturers into emerging markets, driven by the increasing demand for aircraft across both developed and developing regions. This dynamic competition pushes continual advancements in technology and customer service to optimize aircraft performance and operational efficiency.

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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.

Market Concentration & Characteristics

The Aircraft Landing Gear market is characterized by a moderate to high level of market concentration, with a few major players dominating the industry. These leading companies, such as Safran, UTC Aerospace Systems, and Honeywell International, command significant market shares due to their established brand reputations, extensive product portfolios, and global operational networks. This concentration is bolstered by the high barriers to entry, including substantial capital requirements and stringent regulatory standards, which deter new entrants and preserve the market positions of existing players. Additionally, the market is influenced by strategic alliances, mergers, and acquisitions, which companies leverage to expand their technological capabilities and market reach. The need for continuous innovation and adherence to evolving safety standards also defines the market, ensuring that only those with robust R&D capabilities and regulatory expertise can compete effectively and deliver the high-performance, reliable landing gear systems required by aircraft manufacturers and airlines.

Report Coverage

The research report offers an in-depth analysis based on Aircraft Type, End User, Type, Subsystem and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. Increased investment in R&D for developing lightweight and more durable landing gear materials.
  2. Expansion of the electric and autonomous aircraft sector driving demand for innovative landing gear designs.
  3. Growth in the Urban Air Mobility (UAM) market necessitating compact and efficient landing gear systems.
  4. Rising global air traffic and fleet expansion by airlines boosting demand for new and replacement landing gear.
  5. Continued dominance of North America and Europe in the market, with significant growth expected in the Asia-Pacific region.
  6. Greater focus on sustainability, leading to the adoption of eco-friendly materials and manufacturing processes.
  7. Advancements in smart landing gear technology incorporating IoT and sensor-based monitoring for improved maintenance.
  8. The military sector’s ongoing need for specialized landing gear to support new combat and transport aircraft.
  9. Market consolidation through strategic alliances, mergers, and acquisitions among key players.
  10. Strengthening of supply chains to mitigate disruptions and ensure steady availability of critical components.

1. Introduction
1.1. Report Description
1.2. Purpose of the Report
1.3. USP & Key Offerings
1.4. Key Benefits for Stakeholders
1.5. Target Audience
1.6. Report Scope
1.7. Regional Scope
2. Scope and Methodology
2.1. Objectives of the Study
2.2. Stakeholders
2.3. Data Sources
2.3.1. Primary Sources
2.3.2. Secondary Sources
2.4. Market Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
2.5. Forecasting Methodology
3. Executive Summary
4. Introduction
4.1. Overview
4.2. Key Industry Trends
5. Aircraft Landing Gear Market
5.1. Market Overview
5.2. Market Performance
5.3. Impact of COVID-19
5.4. Market Forecast
6. Market Breakup by Aircraft Type
6.1. Fixed-wing Aircraft
6.1.1. Market Trends
6.1.2. Market Forecast
6.1.3. Revenue Share
6.1.4. Revenue Growth Opportunity
6.2. Rotary-wing Aircraft
6.2.1. Market Trends
6.2.2. Market Forecast
6.2.3. Revenue Share
6.2.4. Revenue Growth Opportunity
6.3. Unmanned Aerial Vehicles
6.3.1. Market Trends
6.3.2. Market Forecast
6.3.3. Revenue Share
6.3.4. Revenue Growth Opportunity
6.4. Advanced Air Mobility
6.4.1. Market Trends
6.4.2. Market Forecast
6.4.3. Revenue Share
6.4.4. Revenue Growth Opportunity
7. Market Breakup by End User
7.1. OEM
7.1.1. Market Trends
7.1.2. Market Forecast
7.1.3. Revenue Share
7.1.4. Revenue Growth Opportunity
7.2. Aftermarket
7.2.1. Market Trends
7.2.2. Market Forecast
7.2.3. Revenue Share
7.2.4. Revenue Growth Opportunity
8. Market Breakup by Type
8.1. Main Landing Gears
8.1.1. Market Trends
8.1.2. Market Forecast
8.1.3. Revenue Share
8.1.4. Revenue Growth Opportunity
8.2. Nose Landing Gears
8.2.1. Market Trends
8.2.2. Market Forecast
8.2.3. Revenue Share
8.2.4. Revenue Growth Opportunity
9. Market Breakup by Subsystem
9.1. Actuation Systems
9.1.1. Market Trends
9.1.2. Market Forecast
9.1.3. Revenue Share
9.1.4. Revenue Growth Opportunity
9.2. Steering Systems
9.2.1. Market Trends
9.2.2. Market Forecast
9.2.3. Revenue Share
9.2.4. Revenue Growth Opportunity
9.3. Braking Systems
9.3.1. Market Trends
9.3.2. Market Forecast
9.3.3. Revenue Share
9.3.4. Revenue Growth Opportunity
9.4. Structural Systems
9.4.1. Market Trends
9.4.2. Market Forecast
9.4.3. Revenue Share
9.4.4. Revenue Growth Opportunity
9.5. Other Subsystems
9.5.1. Market Trends
9.5.2. Market Forecast
9.5.3. Revenue Share
9.5.4. Revenue Growth Opportunity
10. Market Breakup by Region
10.1. North America
10.1.1. United States
10.1.1.1. Market Trends
10.1.1.2. Market Forecast
10.1.2. Canada
10.1.2.1. Market Trends
10.1.2.2. Market Forecast
10.2. Asia-Pacific
10.2.1. China
10.2.2. Japan
10.2.3. India
10.2.4. South Korea
10.2.5. Australia
10.2.6. Indonesia
10.2.7. Others
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. United Kingdom
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Others
10.4. Latin America
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Others
10.5. Middle East and Africa
10.5.1. Market Trends
10.5.2. Market Breakup by Country
10.5.3. Market Forecast
11. SWOT Analysis
11.1. Overview
11.2. Strengths
11.3. Weaknesses
11.4. Opportunities
11.5. Threats
12. Value Chain Analysis
13. Porters Five Forces Analysis
13.1. Overview
13.2. Bargaining Power of Buyers
13.3. Bargaining Power of Suppliers
13.4. Degree of Competition
13.5. Threat of New Entrants
13.6. Threat of Substitutes
14. Price Analysis
15. Competitive Landscape
15.1. Market Structure
15.2. Key Players
15.3. Profiles of Key Players
15.3.1. AAR
15.3.1.1. Company Overview
15.3.1.2. Product Portfolio
15.3.1.3. Financials
15.3.1.4. SWOT Analysis
15.3.2. Circor International
15.3.3. Eaton Corporation
15.3.4. GKN Aerospace
15.3.5. Hawker Pacific Aerospace
15.3.6. Heroux-Devtek, Inc.
15.3.7. Honeywell International
15.3.8. Liebherr Group
15.3.9. Magellan Aerospace
15.3.10. Safran
16. Research Methodology

Frequently Asked Questions:

What is the current size of the Aircraft Landing Gear market?

The Aircraft Landing Gear market is projected to grow from USD 7,889.97 million in 2024 to USD 11,962.49 million by 2032, reflecting a compound annual growth rate (CAGR) of 5.34%.

What factors are driving the growth of the Aircraft Landing Gear market?

Key drivers include increasing global air traffic, technological advancements in landing gear materials and design, the demand for new aircraft due to the growth of low-cost carriers, and innovations driven by the needs of Urban Air Mobility and electric aircraft.

What are the key segments within the Aircraft Landing Gear market?

The market is segmented by aircraft type into fixed-wing aircraft, rotary-wing aircraft, unmanned aerial vehicles, and advanced air mobility. It is also divided by end user into OEM and aftermarket segments, and further categorized by subsystems including actuation systems, steering systems, braking systems, and structural systems.

What are some challenges faced by the Aircraft Landing Gear market?

Challenges include stringent regulatory and certification processes that slow innovation, high development costs, fluctuations in aircraft production due to economic or geopolitical factors, and supply chain disruptions affecting the availability of materials and components.

Who are the major players in the Aircraft Landing Gear market?

Major players include Safran, UTC Aerospace Systems, Honeywell International, AAR, Circor International, Eaton Corporation, GKN Aerospace, Hawker Pacific Aerospace, Heroux-Devtek, Inc., Liebherr Group, and Magellan Aerospace.

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