Growing Demand For Modern Aircraft Boosts Aircraft Landing Gear Market: Core Growth Enabler in the Aircraft Landing Gear Market, 2025

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What Will the Aircraft Landing Gear Industry Market Size Be by 2025?
There has been a robust growth in the aircraft landing gear market size over the past few years. The market is projected to surge from $14.46 billion in 2024 to $15.91 billion in 2025, experiencing a compound annual growth rate (CAGR) of 10.0%. The growth during the historical phase is credited to a higher adoption of lighter and more durable landing gears, escalating costs of raw materials, a surge in air travel, considerable economic growth in budding markets, and enhanced military expenditures.

What's the Long-Term Growth Forecast for the Aircraft Landing Gear Market Size Through 2029?
Expectations are high for robust expansion in the aircraft landing gear market in the coming years, with projected growth to $22.33 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. Contributing factors to this anticipated growth during the forecast period include the surge in passenger air traffic, increased urbanization, and rising demand for state-of-the-art fighter jets in emerging economies. Key market trends for this period encompass 3D printed landing gears and active landing gears, expansion of new facilities, invention of cutting-edge technological solutions, an emphasis on mergers and acquisitions, a focus on advanced landing gears, pursuit of partnerships and collaborations, and strategic investments for enlarging the product line.

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What Are the Key Growth Drivers Fueling the Aircraft Landing Gear Market Expansion?
The surge in the acquisition of modern-generation airplanes is forecasted to stimulate the growth of the aircraft landing gear sector. Because of the escalating demand for commercial and cargo planes globally, coupled with increased defense equipment investments in multiple nations, the aircraft landing gear market is experiencing higher demand. For example, the International Air Transport Association, based in Canada, projected in December 2023, a substantial increase in new airplane deliveries, anticipating 1,777 in 2024, and an even larger influx of 2,075 in 2025. Consequently, the rising procurement of contemporary-mission airplanes fuels the expansion of the aircraft landing gear marketplace.

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What Are the Key Trends Driving Aircraft Landing Gear Market Growth?
Leading businesses in the aircraft landing gear market, such as Safran Landing Systems, are concentrating their efforts on technological innovations like electric nose landing gear actuators. These advancements aim to boost overall efficiency, diminish heftiness, and bolster the shift towards environmentally responsible aviation. Rather than relying on traditional hydraulic mechanisms, an electric nose landing gear actuator allows control over the steering and the in-and-out movement of an aircraft's nose landing gear using electric power. For instance, in July 2022, Safran Landing Systems, a French company that manufactures aircraft landing gear and provides a variety of related products and services, debuted its groundbreaking electric nose landing gear actuator at the Farnborough International Airshow. The system uses electro-hydrostatic actuators, powered by an electric motor pump, to replace the conventional hydraulic systems. This revolutionary system not only betters actuation power, decreases the weight and complexities of maintenance, but also goes hand in hand with Safran's devotion to sustainability and creating solutions for low-carbon aviation.

How Is the Aircraft Landing Gear Market Segmented?
The aircraft landing gear market covered in this report is segmented -

1) By Gear Type: Main Landing Gear, Nose Landing Gear
2) By Aircraft Type: Fixed Wing, Rotary Wing
3) By End User: OEM, Aftermarket

Subsegments:
1) By Main Landing Gear: Tricycle Gear, Tailwheel Gear, Nose Landing Gear
2) By Nose Landing Gear: Single Wheel Nose Gear, Dual Wheel Nose Gear

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Which Companies Are Leading the Charge in Aircraft Landing Gear Market Innovation?
Major companies operating in the aircraft landing gear market include Safran S.A., Raytheon Technologies Corporation, Heroux-Devtek Inc, Melrose Industries plc, Parker Hannifin Corporation, Triumph Group Inc., Liebherr-International AG, Sumitomo Precision Products Co. Ltd., AAR Corp., Eaton Corporation, Aircraft Landing Gear Co. Ltd, SPP Nagasaki Engineering Co. Ltd, Kawasaki Aerospace Company, AVIC Aircraft Landing Gear Co. Ltd, Commercial Aircraft Corporation of China Ltd, Meggitt PLC, Airbus S.A.S, ZF Luftfahrttechnik, ThyssenKrupp AG, United Aircraft Corporation, IRKUT Corporation, PZL Warszawa, Sukhoi, Collins Aerospace, Magellan Aerospace Corporation, Boeing Co.

Which Regions Are Leading the Global Aircraft Landing Gear Market in Revenue?
North America was the largest region in the 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 aircraft landing gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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