Press release
2025-2034 Commercial Aircraft Landing Gear Market Roadmap: Insights for Competitive Advantage
Commercial Aircraft Landing Gear
How Large Will the Commercial Aircraft Landing Gear Market Size By 2025?
The size of the market for commercial aircraft landing gear has seen significant expansion in the preceding years. The market, beginning from a worth of $9.94 billion in 2024, is projected to escalate to $10.8 billion in 2025, marking a compound annual growth rate (CAGR) of 8.7%. Factors such as aging aircraft fleets, increased air travel, regulatory standards, regional growth, and concerns over consumer safety have largely contributed to the growth experienced during the historic period.
How Big Is the Commercial Aircraft Landing Gear Market Size Expected to Grow by 2029?
In the upcoming years, the market size of commercial aircraft landing gear is anticipated to experience robust growth, reaching a size of $15.36 billion by the end of 2029 with a compound annual growth rate (CAGR) of 9.2%. The expected growth during the forecast period is due to factors such as aircraft fleet expansion, growing concerns about fuel efficiency and the environment, a market orientation toward wide-body aircraft, demands for retrofit and maintenance, defense and cargo aircraft, and increasing automation. Future trends for the forecast period encompass technological progress, the introduction of new aircraft models, 3D printing and additive manufacturing, the use of lightweight materials, retractable landing gear, and electrical actuation.
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Which Key Market Drivers Powering Commercial Aircraft Landing Gear Market Expansion and Growth?
The escalating need for aircraft is predicted to stimulate the expansion of the commercial aircraft landing gears market. Aviation offers a swift worldwide transportation system, enhancing economic development, generating jobs, and endorsing global commerce and tourism. The amplified demand for passenger and cargo air transport has prompted air transportation and cargo service operators worldwide to acquire new aircraft. The swift ascendency in aircraft sales is projected to surge the demand for landing gear, given they are a critical component in all aircraft. For example, as per a report released in January 2024 by the International Air Transport Association, a Canada-based organization, North American carriers recorded a 28.3% annual traffic increase in 2023 compared to 2022, in tandem with a 22.4% capacity surge. Consequently, the rising demand for aircraft is anticipated to propel the requirement for commercial aircraft landing gears during the predicted period.
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Which Fast-Growing Trends Are Poised to Disrupt the Commercial Aircraft Landing Gear Market?
Trend 1 highlights the surge in popularity of advanced landing gear technologies in the commercial aircraft landing gears market. This market is observing uptake of these cutting-edge technologies, including controllers, hydraulic systems, and retractable landing gear sub-systems, designed to control and distribute the kinetic energy of landing impact. These technologies aid commercial aircraft by offering wheel braking, speed regulation, and aircraft directional control services. To secure their market share, leading companies in the commercial aircraft landing gears market are keen on providing these high-tech solutions. A fitting example is UAVOS Inc., a US firm specializing in the production of aircraft products and systems. In September 2023, it introduced its updated and reconfigured primary landing gear, meant for heavy-lift unmanned aircraft. This design incorporates the most recent developments in UAVOS's production methodologies, such as utilizing a lightweight prepreg composite material and specific lay-up methods, which augments the durability and efficiency of the aircraft.
What Are the Emerging Segments in the Commercial Aircraft Landing Gear Market?
The commercial aircraft landing gear market covered in this report is segmented -
1) By Gear Position: Main Landing, Nose Landing
2) By Aircraft Type: Fixed Wing, Rotary Wing
3) By End-User: Commercial, Armed Forces
Subsegments:
1) By Main Landing Gear: Single Aisle Aircraft, Twin Aisle Aircraft, Regional Aircraft, Cargo Aircraft
2) By Nose Landing Gear: Single Aisle Aircraft, Twin Aisle Aircraft, Regional Aircraft, Cargo Aircraft
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Who Are the Global Leaders in the Commercial Aircraft Landing Gear Market?
Major companies operating in the commercial aircraft landing gear market include AAR Corp., Circor Aerospace Inc., Heroux-Devtek Inc., Honeywell Aerospace, Liebherr-International AG, Safran Landing Systems, Triumph Group Inc., GKN Ltd., Magellan Aerospace Corporation, Aerospace Industrial Development Corporation, Sumitomo Precision Products Co. Ltd., Heroux-Devtek UK Ltd., Parker-Hannifin Corporation, Meggitt plc, Circor International Inc., Whippany Actuation Systems, Young Poong Corporation, South Korea Aerospace Industries Ltd., RENK AG, Lufthansa Technik Landing Gear Services UK, RTX Corporation, AVIC SAC Commercial Aircraft Landing Gear Co. Ltd., ShinMaywa Industries Ltd., Elbit Systems Ltd., Moog Inc., Senior Aerospace Weston
Which are the Top Profitable Regional Markets for the Commercial Aircraft Landing Gear Industry?
North America was the largest region in the commercial aircraft landing gear market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial aircraft landing gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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