How large is the aircraft landing gear market, and what is its growth trajectory?
The aircraft landing gear market size has grown strongly in recent years. It will grow from $14.46 billion in 2024 to $15.91 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to the increased adoption of lighter and robust landing gears, increased raw material costs, a rise in air travel, strong economic growth in emerging markets, and increased military spending.
The aircraft landing gear market size is expected to see strong growth in the next few years. It will grow to $22.33 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to an increase in passenger air traffic, growing urbanization, and growing demand for new fighter jets in developing countries. Major trends in the forecast period include 3D printed landing gears, active landing gears, new facility expansions, development of new technological solutions, focus on mergers and acquisitions, focus on advanced landing gears, focus on partnerships and collaborations, and focus on strategically investing to expand products portfolio.
Get Your Free Sample of The Global Aircraft Landing Gear Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5776&type=smp
What are the key forces behind the aircraft landing gear market’s growth in recent years?
The increase in procurement of modern-generation aircraft is expected to propel the growth of the aircraft landing gear market. Due to increasing demand for commercial and cargo aircraft worldwide and increasing investments in defense equipment across countries, the demand for landing gear is increasing, which is expected to drive the aircraft landing gear market. For instance, in December 2023, according to the International Air Transport Association, a Canada-based trade association of the world’s airlines, The number of new aircraft deliveries is projected to increase significantly, with 1,777 expected in 2024, followed by a further rise to 2,075 in 2025. Thus, the increasing procurement of modern-generation aircraft is driving the growth of the aircraft landing market.
What are the major segments of the aircraft landing gear market?
The aircraft landing gear market covered in this report is segmented –
1) By Gear Type: Main Landing Gear, Nose Landing Gear
2) By Aircraft Type: Fixed Wing, Rotary Wing
3) By End User: OEM, Aftermarket
Subsegments:
1) By Main Landing Gear: Tricycle Gear, Tailwheel Gear, Nose Landing Gear
2) By Nose Landing Gear: Single Wheel Nose Gear, Dual Wheel Nose Gear
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/aircraft-landing-gear-global-market-report
Which companies dominate the aircraft landing gear market?
Major companies operating in the aircraft landing gear market include Safran S.A., Raytheon Technologies Corporation, Heroux-Devtek Inc, Melrose Industries plc, Parker Hannifin Corporation, Triumph Group Inc., Liebherr-International AG, Sumitomo Precision Products Co. Ltd., AAR Corp., Eaton Corporation, Aircraft Landing Gear Co. Ltd, SPP Nagasaki Engineering Co. Ltd, Kawasaki Aerospace Company, AVIC Aircraft Landing Gear Co. Ltd, Commercial Aircraft Corporation of China Ltd, Meggitt PLC, Airbus S.A.S, ZF Luftfahrttechnik, ThyssenKrupp AG, United Aircraft Corporation, IRKUT Corporation, PZL Warszawa, Sukhoi, Collins Aerospace, Magellan Aerospace Corporation, Boeing Co.
What major trends will shape the aircraft landing gear market during the forecast period?
Major companies operating in the aircraft landing gear market are focusing on technological advancements such as electric nose landing gear actuators to enhance efficiency, reduce weight, and support the transition to sustainable aviation. An electric nose landing gear actuator is a device that controls the steering and extension/retraction of an aircraft’s nose landing gear using electric power rather than traditional hydraulic systems. For instance, in July 2022, Safran Landing Systems, a France-based manufacturer of aircraft landing gear and involved in the design, development, manufacture, and customer support of all types of aircraft landing gear, wheels, and brakes, unveiled its pioneering electric nose landing gear actuator at the Farnborough International Airshow, designed to optimize aircraft electrification by replacing traditional hydraulic systems with electro-hydrostatic actuators powered by an electric motor pump. This innovative system not only enhances actuation power while reducing weight and maintenance complexities but also aligns with Safran’s commitment to sustainability and the development of low-carbon aviation solutions.
What are the key regional dynamics of the aircraft landing gear market, and which region leads in market share?
The countries covered in the aircraft landing gear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Aircraft Landing Gear Market Report 2025 Offer?
The aircraft landing gear market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Aircraft landing gear is the undercarriage of an aircraft that supports the aircraft to take off, land, and taxi without any damage. It generally consists of structural members, hydraulics, energy absorption components, brakes, wheels, and tires, and provides direct control of the aircraft through the provisions of integrating supportive systems for the aircraft.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5776
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
