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Aircraft Landing Gear Market: Robust Growth and Key Trends Driven by Increasing Air Travel and Military Spending
Aircraft Landing Gear Market
What Is The Projected Market Size Of The Global Aircraft Landing Gear Market And Its Growth Rate?
The Aircraft Landing Gear Market exhibits strong growth pattern with notable CAGR numbers.
• In 2024 the market size was $14.46 billion
• It will grow to $15.91 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 10.0%
• The market size is expected to attain $22.33 billion by 2029 with a CAGR of 8.9%.
This growing trend is buoyed by increased adoption of lighter and robust landing gears, rising raw material costs, elevated air travel, economic surge in emerging economies, and escalated military spending.
What Is Driving The Growth In The Aircraft Landing Gear Market?
The surge in procurement of modern-generation aircraft is fuelling the growth of the aircraft landing gear market. This upward trend can be attributed to increasing global demands for commercial and cargo aircraft and robust investments in defense equipment. These factors have ballooned the demand for landing gears, thereby propelling the market growth. According to the International Air Transport Association, there is projected significant increase in new aircraft deliveries, expecting 1,777 in 2024, and further rise to 2,075 in 2025. This surge in new generation aircrafts is a key driver of the aircraft landing market.
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Who Are the Key Players Driving Aircraft Landing Gear Market Growth?
Several major companies are impacting the Aircraft Landing Gear Market:
• Safran S.A.
• Raytheon Technologies Corporation
• Heroux-Devtek Inc
• Melrose Industries plc
• Parker Hannifin Corporation
• Triumph Group Inc.
• Liebherr-International AG
What Are The Key Trends In The Aircraft Landing Gear Market?
Several forward-looking trends are shaping the market:
• 3D printed landing gears
• Active landing gears
• New facility expansions
• Development of new technological solution
• Focus on mergers and acquisitions
• Focus on advanced landing gears
• Focus on partnerships and collaborations
• Focus on strategically investing to expand products portfolio
What Are The Segments Of The Global Aircraft Landing Gear Market?
The Aircraft Landing Gear Market is segmented into certain categories:
• Main Landing Gear
• Nose Landing Gear
• Fixed Wing
• Rotary Wing
• OEM
• Aftermarket
Which Region Leads The Aircraft Landing Gear Market?
North America was the largest region in the aircraft landing gear market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aircraft Landing Gear Market Global Market Report?
- Market Size Analysis: Analyze the Aircraft Landing Gear Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Landing Gear Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Landing Gear Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Landing Gear Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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