The aircraft landing gear market valued at US$ 8.00 billion in 2024, is poised to reach US$ 15.00 billion by 2034, demonstrating a steady compound annual growth rate of 6.5% over the forecast period. This growth is driven by several key factors. Firstly, the escalating demand for air travel globally necessitates the expansion and modernization of aircraft fleets, resulting in increased replacements and upgrades of landing gear technologies to accommodate modern requirements. Furthermore, the adoption of lightweight materials, advanced sensors, and enhanced designs is propelling market growth by improving the efficiency and performance of landing gear systems.
Additionally, with the aging global aircraft fleet, the need for frequent maintenance and eventual replacements of landing gear components has become a significant driver of market expansion. Regulatory mandates for aviation safety standards further contribute to this trend, as airlines prioritize the compliance and integration of innovative and compliant landing gear systems. Moreover, increased defense spending has spurred demand for advanced landing gear systems in both military and dual-use aircraft, reinforcing the market’s growth trajectory. Overall, these factors underscore the resilience and adaptability of the aircraft landing gear market, positioning it for sustained growth and innovation in the years to come.
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Key Takeaways from the Market Study
- The main landing gear segment dominates the aircraft landing gear market with a CAGR of 6.30%.
- Based on the sub-system, the actuation system segment leads the aircraft landing gear market with a CAGR of 6.10%.
- The demand for aircraft landing gear in the United States is anticipated to grow at a rate of 6.80% through 2034.
- The aircraft landing gear market in the United Kingdom is estimated to rise at a whopping 7.70% CAGR through 2034.
- The aircraft landing gear market in Japan has the potential to increase at 7.90% CAGR through 2034.
- The market for aircraft landing gear in South Korea is predicted to rise by 8.50% CAGR through 2034.
- The sales of aircraft landing gear in China are very likely to grow at a rate of 6.90% through 2034.
Competitive Landscape
The aircraft landing gear market is highly fragmented and includes both international and domestic companies. Prominent players in the market include Safran Landing Systems, Collins Aerospace, Liebherr-Aerospace, Heroux-Devtek, and others. These companies are investing heavily in research and development to improve performance, fuel efficiency, and safety through lightweight materials, advanced sensors, and smart technologies.
For instance, Revima expanded its landing gear repair capabilities to its Yainville, Normandy facility in France. The focus is on minor repairs and recertification for mid-life solutions, initially for Airbus A320 and A330 family aircraft, with plans for further platform extensions in the coming months.
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Key Segments in the Aircraft Landing Gear Market
By Type:
- Main Landing Gear
- Nose Landing Gear
By Sub-system:
- Actuation System
- Steering System
- Brake System
- Others
By Aircraft Type:
- Fixed Wing
- Rotary Wing
By End User:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa (MEA)
- Europe
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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