Press release
Aerospace Landing Gear Market Trends, Challenges, and Opportunities 2025-2032
Aerospace Landing Gear Market
The global aerospace landing gear market, valued at USD 18.01 billion in 2024, is anticipated to grow at a compound annual growth rate (CAGR) of 4.1%, reaching nearly USD 24.84 billion by 2032.
Market Dynamics
The market's expansion is driven by increasing air travel demand, advancements in aircraft technologies, and stringent safety regulations. The rising affordability of air travel among middle-income groups and growth in tourism further bolster market growth.
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Competitive Landscape
Key players in the aerospace landing gear market include Safran S.A., Liebherr Group, United Technologies Corporation (UTC), Honeywell International Inc., and GKN Aerospace. These companies are focusing on strategic collaborations, mergers and acquisitions, and technological advancements to strengthen their market positions.
Regional Demand
North America, led by the U.S., holds a significant market share due to the presence of numerous manufacturers and high airport traffic. Technological advancements and the replacement of conventional parts are key trends in this region.
Country-Specific Insights
Vietnam: Opportunities in Aerospace Landing Gear Market
Vietnam's emerging aviation sector presents opportunities for landing gear manufacturers to cater to the growing demand for aircraft components.
Thailand: Growth in Aircraft Component Manufacturing
Thailand is witnessing growth in aircraft component manufacturing, including landing gear systems, driven by government initiatives to boost the aerospace industry.
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Japan: Trends in Aerospace Landing Gear Innovations
Japanese companies are focusing on developing durable and high-performance landing gear systems, emphasizing research and development to meet evolving industry standards.
South Korea: Consolidation in Aerospace Component Sector
South Korea's aerospace sector is experiencing consolidation, with companies forming alliances to enhance their capabilities in landing gear manufacturing and maintenance.
Singapore: Opportunities in MRO Services
Singapore's strategic location and robust infrastructure make it a hub for Maintenance, Repair, and Overhaul (MRO) services, including landing gear systems, attracting global aerospace companies.
United States: Expansion in Landing Gear Production
The U.S. continues to expand its landing gear production capabilities, with companies like Triumph Group securing contracts to supply systems for major aircraft manufacturers.
China: Updation in Aerospace Manufacturing
China is investing in updating its aerospace manufacturing facilities, focusing on producing advanced landing gear systems to support its growing aviation industry.
Europe: Trends in Sustainable Landing Gear Solutions
European manufacturers are emphasizing sustainable and lightweight landing gear solutions to enhance fuel efficiency and reduce environmental impact.
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◆ Aerospace Landing Gear Market Segmentation
by Position
Main Landing Gear
Nose/Tail Landing Gear
by Arrangement
Tail Wheel
Tandem
Tri-cycle
by Aircrafts
Commercial Aircraft
General Aircraft
Military Aircraft
by Distribution Channel
OEM
Aftermarket
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◆ Aerospace Landing Gear Market Key Players
1. GKN Aerospace Services
2. Safran Landing Systems
3. AAR Corporation
4. Liebherr Group
5. Triumph Group
6. Eaton Corporation
7. SPP Canada Aircraft
8. Whippany Actuation Systems
9. CIRCOR Aerospace
10. Magellan Aerospace Corporation
11. Heroux-Devtek Inc
12. UTC Aerospace Systems
13. Aerospace Turbine Rotables
14. Hawker Pacific Aerospace
15. MOOG Inc.
16. Parker Hannifin Corporation
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