Aircraft Landing Gears Market Size, Trends, Forecast

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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Scope of the Report

Aircraft Landing Gears Market Highlights

This research report categorizes the aircraft landing gears markets based on End User, Type, Aircraft Type, and Subsystems.

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:

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