Overview and Scope
The commercial aircraft landing gear refers to providing undercarriage support for aircraft to arrange a suspension system during taxi, take-off, and landing. Its purpose is to absorb and disperse the angular momentum energy of landing impacts, lowering the impact force transferred to the aircraft.
Sizing and Forecast
The commercial aircraft landing gear market size has grown strongly in recent years. It will grow from $9.31 billion in 2023 to $10.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to aging fleets, air travel growth, regulatory standards, regional expansion, consumer safety concerns.
The commercial aircraft landing gear market size is expected to see strong growth in the next few years. It will grow to $14.43 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to aircraft fleet expansion, fuel efficiency and environmental concerns, market shift towards wide-body aircraft, retrofit and maintenance demand, defense and cargo aircraft, increasing automation. Major trends in the forecast period include technological advancements, new aircraft models, 3d printing and additive manufacturing, lightweight materials, retractable landing gear, electric actuation.
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Segmentation & Regional Insights
The commercial aircraft landing gear market covered in this report is segmented –
1) Commercial Aircraft Landing Gear Market By Gear Position: Main Landing, Nose Landing
2) Commercial Aircraft Landing Gear Market By Aircraft Type: Fixed Wing, Rotary Wing
3) Commercial Aircraft Landing Gear Market By End-User: Commercial, Armed Forces
Top Major Players
AAR Corp.
Circor Aerospace Inc.
Heroux-Devtek Inc.
Honeywell Aerospace
Liebherr-International AG
North America was the largest region in the commercial aircraft landing gear market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial aircraft landing gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing demand for aircraft is expected to propel the growth of the commercial aircraft landing gears market. Aviation provides a rapid global transportation network, fostering economic growth, job creation, and promoting international trade and tourism. The increased passenger and freight air transport demand have increased the purchase of new aircraft by air transportation and cargo service providers across the globe. The rapid growth in sales of aircraft is expected to boost the demand for landing gears, as they are a vital component in each aircraft. For instance, in January 2022, in a report published by Airbus, an aerospace corporation, achieved 611 deliveries in 2021, which is 8% higher than 566 deliveries in 2020. Therefore, increasing demand for aircraft is expected to boost demand for commercial aircraft landing gears during the forecast period.
Key Industry Players
Major companies operating in the commercial aircraft landing gear market report are AAR Corp., Circor Aerospace Inc., Heroux-Devtek Inc., Honeywell Aerospace, Liebherr-International AG, Safran Landing Systems, UTC Aerospace Systems, Triumph Group Inc., GKN Ltd., Magellan Aerospace Corporation, Aerospace Industrial Development Corporation, Sumitomo Precision Products Co. Ltd., Heroux-Devtek UK Ltd., Sumitomo Precision Products Co. Ltd., Parker-Hannifin Corporation, Meggitt plc, Circor International Inc., Whippany Actuation Systems, Young Poong Corporation, South Korea Aerospace Industries Ltd., Qingdao Beihai Shipbuilding Heavy Industry Co. Ltd., RENK AG, Lufthansa Technik Landing Gear Services UK, Safran Landing Systems, RTX Corporation, AVIC SAC Commercial Aircraft Landing Gear Co. Ltd., ShinMaywa Industries Ltd., Elbit Systems Ltd., Moog Inc., Senior Aerospace Weston
The commercial aircraft landing gear market report table of contents includes:
1. Executive Summary
2. Commercial Aircraft Landing Gear Market Characteristics
3. Commercial Aircraft Landing Gear Market Trends And Strategies
4. Commercial Aircraft Landing Gear Market – Macro Economic Scenario
5. Global Commercial Aircraft Landing Gear Market Size and Growth
…..
32. Global Commercial Aircraft Landing Gear Market Competitive Benchmarking
33. Global Commercial Aircraft Landing Gear Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Commercial Aircraft Landing Gear Market
35. Commercial Aircraft Landing Gear Market Future Outlook and Potential Analysis
36. Appendix
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