USD 2.75 Billion
Global Commercial Aircraft Landing Gear Market Size, Share, Growth Analysis, By Type(Main Landing Gear, and Nose Landing Gear), By Application(Narrow-body Aircraft and Wide-body Aircraft) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2072 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
60 |
Figures:
75
Global Commercial Aircraft Landing Gear Market Insights
The Global Commercial Aircraft Landing Gear Market size was valued at USD 2.75 Billion in 2022 and is poised to grow from USD 3.13 Billion in 2023 to USD 8.87 Billion by 2031, at a CAGR of 13.90% during the forecast period (2024-2031).
The global market for commercial aircraft landing gear is witnessing significant growth due to the expansion of major airlines' fleet sizes and the overall growth of the commercial aviation sector. As a result, the demand for new airliners is increasing, leading to a corresponding demand for landing gears. The civil aviation industry is experiencing remarkable growth, primarily due to the production of next-generation aircraft. Improved global economic conditions have also contributed to increased air passenger traffic worldwide. To cater to this rising demand for air travel, the number of commercial airplanes has seen a substantial increase. Consequently, the demand for commercial aircraft landing gear systems is expected to rise. Manufacturers of airplanes are adopting lightweight materials, electronic technologies, and innovative solutions to optimize aircraft performance during touchdown and reduce downtime.
These advanced landing gear systems require less maintenance compared to traditional counterparts. Additionally, there is a growing need to replace older, less fuel-efficient aircraft with more eco-friendly options, further driving the industry's growth in the coming years. The global market is undergoing rapid expansion, with technologically advanced control systems replacing manual hydraulic and mechanical systems. Moreover, competition among industry players across the value chain is intensifying. While the global industry is evolving in line with the changing global economy, it faces challenges such as increasing energy costs, expensive raw materials, and inflation of the U.S. dollar. These challenges may hinder industry growth in the near future. To overcome these obstacles, players across the value chain, including original equipment manufacturers (OEMs) and component and raw material suppliers, are developing new business processes to leverage the industry's rapid globalization.
US Commercial Aircraft Landing Gear Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Sonar Systems
Fastest Growth
Sonar Systems
Growth Rate
13.90% CAGR
Global Hydrographic Survey Equipment Market ($ Bn)
Country Share for North America Region (%)
Global Hydrographic Survey Equipment Market By Type ($ Bn)
Global Hydrographic Survey Equipment Market By Type (%)
To get more reports on the above market click here to Buy The Report
Global Commercial Aircraft Landing Gear Market Segmental Analysis
Global Commercial Aircraft Landing Gear Market is segmented by type, application, and region. Based on type, the market can be segmented into main landing gear, and nose landing gear. Based on application, the market is segmented into narrow-body aircraft, and wide-body aircraft. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Commercial Aircraft Landing Gear Market Analysis by Type
By type, the market can be segmented into main landing gear and nose landing gear. The Main Landing Gear segment dominated the commercial aircraft landing gear market. This segment comprises the landing gear located beneath the wings or fuselage of the aircraft. The Main Landing Gear plays a crucial role in supporting the weight of the aircraft during landing, taxiing, and takeoff. It is designed to withstand high loads and absorb the impact of landing, ensuring the safety and stability of the aircraft.
The Nose Landing Gear segment is the fastest growing segment within the commercial aircraft landing gear market. This segment comprises the landing gear located at the front of the aircraft, typically underneath the nose. Nose Landing Gear is responsible for supporting the weight of the aircraft during landing, taxiing, and takeoff, along with facilitating directional control.
Commercial Aircraft Landing Gear Market Analysis by Application
By application, the market can be segmented into narrow-body aircraft, and wide-body aircraft. The Narrow-body Aircraft segment dominated the commercial aircraft landing gear market. Narrow-body aircraft, also known as single-aisle aircraft, are primarily used for short to medium-haul flights and are widely employed by commercial airlines worldwide. The landing gear used in narrow-body aircraft is designed to support the weight of the aircraft, provide stability during landing and take-off, and facilitate ground operations.
The Wide-body Aircraft segment is the fastest growing segment within the commercial aircraft landing gear market. Wide-body aircraft, also known as twin-aisle aircraft, are designed for long-haul flights, increased passenger capacity, and the transportation of larger cargo volumes. The landing gear used in wide-body aircraft is engineered to handle higher weights, provide stability, and enable efficient ground operations.
Global Hydrographic Survey Equipment Market By Type, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Commercial Aircraft Landing Gear Market Regional Insights
North America holds a dominant position due to several factors. The region is home to major aircraft manufacturers and has a well-established aviation industry. The presence of key players, such as Boeing and Airbus, contributes to the region's dominance. These companies have a strong foothold in North America and continuously innovate to meet the growing demand for commercial aircraft.
APAC is emerging as one of the fastest-growing regions in the commercial aircraft landing gear market. The rapid economic growth in countries like China, India, and Southeast Asian nations has led to an increase in air travel demand. Rising disposable incomes, urbanization, and a growing middle class are contributing to the expansion of the aviation sector in APAC.
Global Hydrographic Survey Equipment Market By Geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Commercial Aircraft Landing Gear Market Dynamics
Commercial Aircraft Landing Gear Market Drivers
Increasing demand for new airliners
- One key driver for the growth of the commercial aircraft landing gear market is the increasing demand for new airliners driven by the expansion of major airlines and the surging growth in the commercial aviation sector. The rise in air passenger traffic worldwide, coupled with improvements in global economic conditions, has resulted in a steep increase in the number of commercial airplanes. As a result, there is a growing need for commercial aircraft landing gear systems to cater to the increasing air travel demand and replace older, less fuel-efficient aircraft.
Commercial Aircraft Landing Gear Market Restraints
Potential impact of increasing energy costs, expensive raw materials, and U.S. dollar inflation
- One significant restraint facing the commercial aircraft landing gear market is the potential impact of increasing energy costs, expensive raw materials, and U.S. dollar inflation. These factors can pose challenges to the industry's growth by raising production costs and reducing profit margins. Additionally, fluctuations in energy prices and currency exchange rates can affect the affordability of new aircraft and subsequently dampen the demand for commercial aircraft landing gear systems. Industry players need to closely monitor and manage these cost-related challenges to maintain a competitive position in the market.
Request Free Customization of this report to help us to meet your business objectives.
Global Commercial Aircraft Landing Gear Market Competitive Landscape
Global commercial aircraft landing gear market is characterized by increasing competition among industry participants across the value chain. Several companies are focusing on technological advancements to enhance the performance and efficiency of landing gear systems. Manufacturers are investing in research and development activities to introduce lightweight materials, electronic technologies, and innovative solutions. Additionally, companies are developing strategic partnerships and collaborations to expand their market presence and leverage synergies. The intense competition in the market is driving innovation and pushing companies to differentiate their offerings to gain a competitive edge.
Commercial Aircraft Landing Gear Market Top Player’s Company Profiles
- United Technologies Corporation (US)
- Honeywell International Inc. (US)
- Liebherr-International AG (Switzerland)
- UTC Aerospace Systems (US)
- Eaton Corporation (Ireland)
- Héroux-Devtek Inc. (Canada)
- CIRCOR International, Inc. (US)
- GKN Aerospace (UK)
- Heroux-Devtek (Canada)
- AAR Corp. (US)
- Messier-Bugatti-Dowty (France)
- Parker Hannifin Corporation (US)
- Magellan Aerospace (Canada)
- Meggitt PLC (UK)
- SPP Canada Aircraft, Inc. (Canada)
- Whippany Actuation Systems LLC (US)
- BBA Aviation plc (UK)
Commercial Aircraft Landing Gear Market Recent Developments
- In June 2023, Boeing and Virgin Galactic announced a strategic partnership to collaborate on the development of high-speed commercial travel and explore supersonic and hypersonic technologies.
- In April 2023, Embraer announced the launch of the E3, a new generation of commercial aircraft, featuring improved fuel efficiency, reduced emissions, and enhanced passenger comfort.
- In March 2023, Vertical Aerospace announced a strategic partnership with American Airlines to develop and introduce electric vertical takeoff and landing (eVTOL) aircraft for urban transportation.
- In February 2023, United Airlines placed a significant order for 270 new aircraft, including both Boeing and Airbus models, to modernize its fleet and reduce its environmental footprint.
- In January 2023, Airbus announced plans to acquire MTU Maintenance Canada, a leading aircraft engine maintenance provider, to expand its aftermarket services portfolio.
Global Commercial Aircraft Landing Gear Key Market Trends
- One key market trend in the commercial aircraft landing gear industry is the increasing focus on lightweight materials and advanced technologies. Manufacturers are striving to develop landing gear systems that are lighter in weight, yet maintain durability and strength. This trend is driven by the industry's need for fuel efficiency and improved performance. Additionally, there is a growing emphasis on the integration of electronic technologies, such as sensor-based systems and advanced control mechanisms, to enhance safety, reduce maintenance requirements, and optimize overall aircraft performance during landing and takeoff.
Global Commercial Aircraft Landing Gear Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global commercial aircraft landing gear market analysis, the market is experiencing significant growth, driven by the expansion of major airlines' fleet sizes and the surging growth in the commercial aviation sector is generating demand for new airliners, subsequently increasing the need for landing gears. The market is witnessing advancements in lightweight materials, electronic technologies, and innovative solutions to optimize aircraft performance and reduce downtime. Furthermore, replacing older aircraft with more fuel-efficient and eco-friendly options is driving the market growth. North America dominated the market, supported by its established aviation industry, while Asia-Pacific emerges as the fastest-growing region due to rapid economic growth and infrastructure development. However, challenges like increasing energy costs and currency inflation pose restraints. The competitive landscape is characterized by intense competition, technological advancements, and strategic collaborations among industry players.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.75 Billion |
| Market size value in 2031 | USD 8.87 Billion |
| Growth Rate | 13.90% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Commercial Aircraft Landing Gear Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Commercial Aircraft Landing Gear Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Commercial Aircraft Landing Gear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Commercial Aircraft Landing Gear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Commercial Aircraft Landing Gear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Commercial Aircraft Landing Gear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Commercial Aircraft Landing Gear Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
