Global Aircraft Landing Gear Market 2024–2033

Reports Description

Global Aircraft Landing Gear Market is poised for significant growth from 2023 to 2032, driven by factors such as the increasing demand for new aircraft, fleet expansion, and the need for modernization in the aviation sector.

The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 6% during this period. In 2023, the market is estimated to be valued at USD 7,211 Million, and it is anticipated to reach USD 7,455 Million by 2032.

Aircraft landing gear is a critical component that ensures the safe landing and takeoff of aircraft, and its market growth is influenced by several factors, including:

• Commercial Aviation Expansion: The continuous growth in global air travel demand, fueled by increasing disposable incomes and urbanization, is leading to higher orders for commercial aircraft. This expansion drives the demand for advanced and efficient landing gear systems to support the growing fleet.

• Military Modernization Programs: Many countries are actively involved in military modernization efforts, investing in the development of advanced military aircraft. These modernization programs contribute to the demand for state-of-the-art landing gear technologies to enhance the performance of military aircraft.

• General Aviation Growth: The rise in general aviation activities, including business jets and regional aircraft, is contributing to the demand for reliable and high-performance landing gear systems. As more individuals and businesses engage in air travel, the need for efficient landing gear becomes crucial.

• Technological Advancements: Ongoing advancements in landing gear technologies, including the use of lightweight materials, advanced actuation systems, and improved durability, make modern landing gear systems more attractive to aircraft manufacturers. These advancements contribute to better fuel efficiency and operational performance.

• Upgradation and Retrofitting: The aviation industry is witnessing a trend of upgrading and retrofitting existing aircraft with modern landing gear systems. This trend is driven by the need to improve fuel efficiency, comply with environmental regulations, and enhance overall operational efficiency.

• Emerging Economies’ Aviation Expansion: The expansion of the aviation sector in emerging economies, particularly in Asia-Pacific and the Middle East, is contributing significantly to the growth of the Aircraft Landing Gear Market. Increased air travel demand in these regions is driving investments in new aircraft and related technologies.

• Environmental Sustainability: There is a growing emphasis on developing eco-friendly and fuel-efficient landing gear systems to align with global sustainability goals. Manufacturers are exploring materials and technologies that reduce the environmental impact of aircraft operations.

• Increasing Air Travel Demand: The overall growth in air travel demand, supported by factors such as rising population mobility and tourism, is leading to increased orders for new aircraft. This, in turn, drives the demand for advanced landing gear systems.

• Supportive Regulatory Framework: Regulatory initiatives aimed at promoting safety standards and encouraging technological advancements in aircraft components, including landing gear, provide a conducive environment for market growth. Adherence to safety regulations is a key driver for the adoption of advanced landing gear systems.

• Adoption of Composite Materials: The aviation industry is increasingly adopting composite materials in landing gear construction. These materials offer weight reduction benefits, leading to improved fuel efficiency and overall performance of the aircraft.

• Research and Development Investments: Continuous investments in research and development to innovate landing gear technologies, such as electric and morphing landing gear systems, contribute to the market’s growth. These investments drive technological advancements and enhance the competitiveness of landing gear manufacturers.

• Global Air Cargo Expansion: The expansion of air cargo operations and the growing demand for freighter aircraft contribute to the growth of the Aircraft Landing Gear Market. Cargo aircraft require robust landing gear systems to support their unique operational requirements.

Global Aircraft Landing Gear Market – Mergers and Acquisitions

Collins Aerospace’s Acquisition of B/E Aerospace (2017):

• Collins Aerospace, a unit of United Technologies Corporation (UTC), acquired B/E Aerospace, a leading manufacturer of aircraft interior products.

• The acquisition expanded Collins Aerospace’s portfolio to include a broader range of aircraft components, including seating, lighting, and galley systems.

• The integration aimed to enhance the overall capabilities and offerings in the aerospace industry, including aircraft landing gear.

Safran’s Partnership with Albany Engineered Composites (2019):

• Safran Landing Systems, a key player in aircraft landing gear, partnered with Albany Engineered Composites to develop innovative landing gear components using advanced materials.

• The collaboration focused on incorporating composite materials for lightweight and durable landing gear components, contributing to fuel efficiency and sustainability.

• The partnership demonstrated the industry’s commitment to adopting cutting-edge materials for enhanced performance.

Liebherr’s Contract with Boeing for 777X Landing Gear (2016):

• Liebherr Aerospace secured a contract with Boeing to supply the landing gear system for the Boeing 777X, a long-range commercial aircraft.

• The agreement highlighted Liebherr’s expertise in providing landing gear solutions for modern and fuel-efficient aircraft.

• The collaboration showcased the importance of strong partnerships between landing gear manufacturers and aircraft OEMs.

Honeywell’s Development of Electric Taxiing System (2013):

• Honeywell International Inc. developed an Electric Taxiing System (ETS) designed to taxi aircraft on the ground without using the main engines.

• The innovation aimed to reduce fuel consumption, emissions, and noise during ground operations, contributing to overall environmental sustainability.

• The Electric Taxiing System represented a technological advancement in aircraft ground operations, including landing gear functionality.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Challenges Impacting the Aircraft Landing Gear Market:

• Complex Certification Processes: The certification of new and advanced landing gear technologies involves complex regulatory processes. Meeting the stringent safety and performance standards set by aviation authorities can be time-consuming and costly, impacting time-to-market for new products.

• High Development Costs: Research, development, and testing of innovative landing gear technologies come with significant costs. Smaller manufacturers, in particular, may face challenges in allocating resources for the development of new and advanced landing gear systems.

• Supply Chain Disruptions: The global aviation industry is susceptible to supply chain disruptions, including geopolitical events, natural disasters, and other unforeseen circumstances. These disruptions can affect the timely availability of landing gear components, leading to production delays.

• Environmental Regulations: Increasing environmental regulations and emissions standards pose challenges for landing gear manufacturers to develop more sustainable solutions. Adapting to these regulations requires investments in research and development to reduce the environmental impact of landing gear systems.

• Intense Competition: The Aircraft Landing Gear Market is characterized by intense competition among major players. Continuous efforts to innovate and gain a competitive edge can lead to pricing pressures and increased expenses for research and development.

• Integration with Aircraft Systems: Integrating landing gear systems with advanced avionics and aircraft control systems poses challenges in ensuring seamless communication and functionality. Compatibility issues can arise when integrating new landing gear technologies with existing aircraft systems.

• Market Dependency on Aircraft Orders: The market’s performance is closely linked to aircraft orders. Economic fluctuations, geopolitical events, or unforeseen events such as global health crises can impact aircraft orders, subsequently affecting the demand for landing gear systems.

• Technological Transition Challenges: The transition from traditional landing gear systems to advanced technologies, such as electric or morphing landing gear, presents technical and operational challenges. Manufacturers need to navigate the complexities of transitioning from established systems to newer, more innovative solutions.

• Safety and Reliability Concerns: Ensuring the safety and reliability of landing gear systems is paramount. Any concerns regarding the safety or reliability of landing gear components can lead to delays in certifications and market acceptance.

• Regulatory Compliance: Adhering to evolving and region-specific aviation regulations requires constant monitoring and adjustments. The need to stay compliant with changing regulatory requirements poses challenges for landing gear manufacturers.

• Maintenance and Lifecycle Costs: Managing maintenance costs and ensuring the long-term reliability of landing gear systems are crucial considerations for operators. High maintenance costs can influence purchasing decisions and impact the market for new landing gear systems.

Report Scope

Segmentation Analysis of the Aircraft Landing Gear Market:

By Type

Main Landing Gear:

• Commercial Aircraft Main Landing Gear: Customized landing gear solutions for various commercial aircraft models, ensuring safe and efficient landings.

• Military Aircraft Main Landing Gear: High-performance landing gear systems designed to meet the demanding requirements of military aircraft operations.

Nose Landing Gear:

• Commercial Aircraft Nose Landing Gear: Specialized nose landing gear configurations for different commercial aircraft, enhancing ground maneuverability.

• Military Aircraft Nose Landing Gear: Robust and mission-specific nose landing gear systems tailored for military aircraft applications.

By Aircraft Type

• Commercial Aircraft: Landing gear solutions for a range of commercial aircraft, including narrow-body and wide-body airliners.

• Military Aircraft: Specialized landing gear systems for fighter jets, transport aircraft, and other military platforms.

• General Aviation: Landing gear options for general aviation aircraft, including business jets, regional planes, and light aircraft.

By Application

• OEM (Original Equipment Manufacturer): Landing gear systems incorporated into newly manufactured aircraft during the production process.

• Aftermarket: Replacement and upgrade landing gear systems for existing aircraft, addressing maintenance and modernization needs.

By Component

Landing Gear Steering System:

• Steering Actuators: Systems enabling precise ground steering and maneuvering during taxiing and ground operations.

• Steering Control Units: Electronic components regulating the steering functionality of the landing gear.

Landing Gear Actuation System:

• Extension/Retraction Mechanism: Hydraulic or electric systems facilitating the extension and retraction of landing gear components.

• Shock Absorption System: Mechanisms absorbing and dissipating landing impact forces for smooth landings.

Wheels & Brakes:

• Landing Gear Wheels: High-strength wheels designed to withstand the loads and stresses during takeoff and landing.

• Braking Systems: Advanced brake systems for effective and controlled deceleration during landing.

Others:

• Structural Components: Various structural elements, including struts, beams, and doors, contribute to the overall landing gear assembly.

• Electronic Systems: Avionics and electronic components enhance the performance and safety of landing gear systems.

Aircraft Landing Gear Market – Regional Analysis:

North America:

• Dominant Player: The United States plays a pivotal role in the global aviation industry, housing major aerospace manufacturers and a robust aviation infrastructure.

• Commercial and Military Focus: North America has a strong focus on both commercial and military aviation. The region has a significant number of commercial aircraft operators and hosts major military aviation programs.

• Advanced Technologies: Aerospace manufacturers in North America are at the forefront of developing and adopting advanced landing gear technologies, contributing to the global market’s innovation.

Europe:

• Aerospace Hub: Europe is a major aerospace hub, with countries like the United Kingdom, Germany, and France being key contributors to the industry.

• Commercial and General Aviation: Europe has a well-established network of commercial airlines and a growing general aviation sector. European manufacturers are active in producing landing gear components for various aircraft types.

• Military Collaboration: European countries collaborate on military aviation programs, leading to advancements in military aircraft and associated landing gear systems.

Asia-Pacific:

• Rapid Growth: The Asia-Pacific region is witnessing rapid growth in air travel, driven by increasing middle-class populations and economic development. China and India are particularly significant contributors to this growth.

• Commercial Aviation Boom: The demand for commercial aircraft in Asia-Pacific is escalating, leading to increased orders for new aircraft and, consequently, landing gear systems.

• Military Modernization: Some countries in the region, such as China, are actively engaged in military modernization efforts, contributing to the demand for advanced military aircraft and landing gear technologies.

Latin America:

• Emerging Market: Latin America is an emerging market for the aviation industry, with increasing air travel demand and investments in aviation infrastructure.

• General Aviation Growth: The region experiences growth in general aviation activities, including business aviation and regional air travel. This growth influences the demand for landing gear systems.

Middle East and Africa:

• Growing Aviation Hub: The Middle East, particularly countries like the United Arab Emirates and Qatar, has become a growing hub for aviation activities, including major airlines and aviation events.

• Investments in Infrastructure: Investments in aviation infrastructure, such as new airports and expanded fleets, contribute to the demand for landing gear systems.

• Military Aviation Development: Some countries in the Middle East are investing in the development of advanced military aviation capabilities, driving the demand for military aircraft and associated landing gear.

List of the prominent players in the Aircraft Landing Gear Market:

• UTC Aerospace Systems (Collins Aerospace)
• Safran Landing Systems
• Liebherr Group
• Heroux-Devtek Inc.
• Honeywell International Inc.
• AAR Corporation
• CIRCOR Aerospace & Defense
• Meggitt PLC
• BF Goodrich (Michelin)
• Whelen Engineering Company Inc.
• Parker Hannifin Corporation
• United Equipment Accessories Inc.
• Herber Aircraft Service Inc.
• SPP Canada Aircraft Inc.
• Goodrich Corporation (formerly)
• Others

The Aircraft Landing Gear Market is segmented as follows:

By Type

• Main Landing Gear
• Nose Landing Gear

By Aircraft Type

• Commercial Aircraft
• Military Aircraft
• General Aviation

By Application

• OEM
• Aftermarket

By Component

• Landing Gear Steering System
• Landing Gear Actuation System
• Wheels & Brakes
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America