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IMARC Group's report titled “Commercial Aircraft Landing Gear Market Report by Aircraft Type (Narrow-Body, Wide-Body, Regional Jet, and Others), Landing Gear Types (Main Landing Gear, Nose Landing Gear), Arrangement Type (Tricycle, Tandem, Tailwheel), and Region 2024-2032”. The global commercial aircraft landing gear market size reached US$ 9.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032.
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Factors Affecting the Growth of the Commercial Aircraft Landing Gear Industry:
Advancements in Landing Gear Technology:
Innovations, such as the use of lightweight composite materials, enhanced braking systems, and smart sensors, are driving demand for new landing gear systems. These advancements not only improve fuel efficiency by reducing the overall weight of aircraft but also improve safety and operational reliability. The integration of real time monitoring and predictive maintenance capabilities in landing gear systems allows for early detection of potential issues, reducing the risk of in-flight failures and lowering maintenance costs. Aircraft manufacturers are increasingly adopting these advanced technologies to meet stringent safety standards and improve overall aircraft performance.
Rising Aircraft Deliveries and Backlog:
The consistent rise in aircraft deliveries, coupled with substantial order backlogs from major manufacturers are contributing to the market growth. Major companies are ensuring a steady production pipeline for the next decade. This high volume of deliveries necessitates the ongoing production and supply of landing gear systems, which are critical for the safe operation of each aircraft. Additionally, the need to replace aging aircraft in existing fleets with newer models further drives demand for landing gear systems. The continuous cycle of new aircraft production and delivery, along with the replacement of outdated systems, ensures a sustained demand for landing gear.
Stringent Safety Regulations:
Stringent safety regulations imposed by aviation authorities are catalyzing the demand for new and upgraded landing gear systems in the commercial aircraft market. These regulations mandate regular maintenance, inspections, and the replacement of critical landing gear components to ensure the safety and reliability of aircraft operations. Compliance with these safety standards is essential for airlines and operators, leading to the continuous need for high-quality landing gear systems. Moreover, the increasing focus on reducing carbon emissions and improving fuel efficiency is encouraging the development of lighter and more advanced landing gear technologies.
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Leading Companies Operating in the Global Commercial Aircraft Landing Gear Industry:
AAR Corp.
Circor Aerospace Inc. (Circor International Inc.)
Collins Aerospace (Raytheon Technologies Corporation)
Héroux-Devtek Inc.
Honeywell International Inc.
Liebherr Group
Magellan Aerospace Corporation
Mecaer Aviation Group
Revima Group
Safran S.A.
Sumitomo Precision Products Co. Ltd.
Triumph Group Inc.
Commercial Aircraft Landing Gear Market Report Segmentation:
By Aircraft Type:
Narrow-Body
Wide-Body
Regional Jet
Others
Narrow-body represents the largest segment as it can operate on a diverse range of routes.
By Landing Gear Types:
Main Landing Gear
Nose Landing Gear
Main landing gear holds the biggest market share on account of the increasing focus on durability and reliability.
By Arrangement Type:
Tricycle
Tandem
Tailwheel
Tricycle accounts for the largest market share, which can be attributed to the rising demand for enhanced passenger comfort.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific enjoys a leading position in the commercial aircraft landing gear market, driven by the expansion of low-cost carriers (LCCs).
Global Commercial Aircraft Landing Gear Market Trends:
Airlines are focusing on enhancing operational efficiency by modernizing their fleets. This involves upgrading or replacing older aircraft with newer and more fuel-efficient models. Modern landing gear designs leverage cutting-edge technologies and lightweight materials to reduce weight, improve performance, and minimize maintenance costs. Furthermore, major manufacturers are offering state-of-the-art landing gear solutions that are well-positioned to capitalize on the market demand.
As more people choose air travel, particularly in emerging markets, airlines are expanding their fleets to meet the increasing demand. This expansion necessitates the acquisition of new aircraft, each requiring advanced landing gear systems.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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