The aircraft landing gear market is poised for significant growth, with forecasts predicting a staggering USD 15 Billion valuation by 2034, demonstrating a robust CAGR of 6.5%. This market segment plays a vital role in ensuring the safety and functionality of aircraft during takeoff, flight, and landing.
As air travel continues to expand globally, driven by both commercial and military sectors, the demand for reliable landing gear solutions is set to soar. Factors such as technological advancements, increasing aircraft fleet size, and stringent safety regulations contribute to the escalating market dynamics.
With innovation driving efficiency and performance enhancements, the Aircraft Landing Gear Market is primed for substantial expansion in the coming years.
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Companies that design and retrofit old aircraft are increasingly adopting modern aircraft landing gear and integrating it into their new aircraft during the manufacturing process. The demand for these landing gear is also among the companies that lease aircraft to airlines and are increasingly involved in purchasing landing gear as part of their aircraft maintenance and asset management activities.
Government organizations responsible for national aviation and defense are also witnessing a rise in the adoption of aircraft landing gear to procure landing gear for military and governmental aircraft. Entities engaged in aerospace research and development are acquiring landing gear for testing and prototyping purposes, indicating a growing demand for aircraft landing gear in this sector.
Key Takeaways from the Aircraft Landing Gear Market Report:
- 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.
Leading Key Players:
The Aircraft Landing Gear Market is led by key players such as Safran Landing Systems, Collins Aerospace (Raytheon Technologies), Liebherr-Aerospace, Heroux-Devtek, Triumph Group, UTC Aerospace Systems (now part of Raytheon Technologies), Meggitt PLC, Eaton Corporation, CIRCOR Aerospace, and Parker Hannifin Corporation. These industry giants drive innovation and set the standards for quality and reliability in aircraft landing gear systems. Their expertise and technological advancements ensure the safety and efficiency of aircraft operations worldwide.
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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.
Aircraft Landing Gear Market Segmentation:
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
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