Aerospace Landing Gear Market Introduction 

The landing gear is an essential component of an aircraft that supports its weight during landing and takeoff. It consists of several sub-components such as shock absorbers, brakes, and wheels, which work together to provide a smooth and safe landing.The aerospace landing gear market refers to the market for landing gear systems and components used in various types of aircraft, including commercial and military aircraft, helicopters, and business jets. The market includes the manufacturing, distribution, and maintenance of landing gear components such as struts, wheels, brakes, and hydraulics.The aerospace landing gear market is driven by the growing demand for air travel, which is driving the production of new aircraft and increasing the demand for replacement and maintenance of existing landing gear systems. The market is also witnessing technological advancements in landing gear systems, such as the development of lightweight and advanced materials, which offer improved performance and fuel efficiency.The market is highly competitive, with several major players dominating the market, including Safran S.A., UTC Aerospace Systems (Collins Aerospace), and Liebherr-International AG, among others. The market is expected to continue growing in the coming years, driven by factors such as increasing air travel demand, technological advancements, and the focus on environmental sustainability in the aviation industry.

Aerospace Landing Gear Market Size

The global aerospace landing gear market was valued at $9.71 billion in 2019. The report also projected the market to reach $15.17 billion by 2025, at a compound annual growth rate (CAGR) of 6.14% during the forecast period.The market growth is primarily driven by the increasing demand for new aircraft and the replacement of aging aircraft. The report also highlighted the growing trend towards lightweight landing gear systems that offer improved fuel efficiency and reduced maintenance costs.In terms of aircraft type, the commercial aircraft segment accounted for the largest market share in 2019, owing to the increasing demand for air travel and the consequent growth in the production of commercial aircraft. However, the military aircraft segment is also expected to witness significant growth during the forecast period due to the increasing defense spending by several countries.In terms of geography, North America accounted for the largest market share in 2019, owing to the presence of major aircraft manufacturers and suppliers in the region. However, the Asia Pacific region is expected to witness the highest CAGR during the forecast period, driven by factors such as increasing air travel demand, economic growth, and the increasing focus on the development of the aerospace industry in countries such as China and India.It's important to note that market forecasts are subject to various uncertainties, including economic and political conditions, technological advancements, and regulatory policies. Therefore, regular market research and analysis are essential to stay updated on the market dynamics and the competitive landscape.

Aerospace Landing Gear Market Share

The global aerospace landing gear market is highly competitive, with several major players dominating the market. Some of the key industry players in the aerospace landing gear market include:

Safran S.A.

UTC Aerospace Systems (Collins Aerospace)

Liebherr-International AG

Héroux-Devtek Inc.

Triumph Group, Inc.

CIRCOR International, Inc.

GKN Aerospace Services Limited

Eaton Corporation

Whippany Actuation Systems LLC

SPP Canada Aircraft, Inc.

These companies have a significant presence in the market and are involved in the manufacturing, distribution, and maintenance of landing gear systems and components. They are also investing in research and development activities to develop new and innovative landing gear systems that offer improved performance, safety, and fuel efficiency.In terms of market share, Safran S.A. held the largest share of the global aerospace landing gear market in 2019, followed by UTC Aerospace Systems (Collins Aerospace) and Liebherr-International AG. The market dynamics and the competitive landscape can vary depending on various factors such as product offerings, pricing strategies, and customer base.It's important to note that market share can fluctuate over time due to various factors such as changes in market demand, mergers and acquisitions, and technological advancements. Therefore, regular market research and analysis are essential to stay updated on the market dynamics and the competitive landscape.

Aerospace Landing Gear Market Trends

Some of the key trends in the aerospace landing gear market include:

Growing demand for lightweight landing gear systems: The trend towards lightweight landing gear systems is driven by the need for improved fuel efficiency, reduced maintenance costs, and increased payload capacity. The use of advanced materials such as composites and titanium alloys is becoming more widespread in landing gear systems.

Increasing use of electric and hybrid-electric landing gear systems: The aerospace industry is increasingly adopting electric and hybrid-electric landing gear systems, which offer several advantages over traditional hydraulic systems, such as improved efficiency, reduced weight, and lower maintenance requirements.

Focus on sustainability: The aviation industry is placing greater emphasis on sustainability, and this is driving the development of more environmentally friendly landing gear systems. This includes the use of sustainable materials, such as biodegradable lubricants, and the development of more efficient and less polluting manufacturing processes.

Adoption of digital technologies: The aerospace industry is increasingly adopting digital technologies such as artificial intelligence, machine learning, and data analytics to improve the performance and reliability of landing gear systems. This includes the use of predictive maintenance and health monitoring systems to reduce downtime and improve safety.

Increasing demand for aftermarket services: As the global fleet of aircraft continues to grow, there is an increasing demand for aftermarket services for landing gear systems. This includes maintenance, repair, and overhaul (MRO) services, as well as upgrades and retrofits to improve performance and compliance with regulatory requirements.

These trends are expected to shape the aerospace landing gear market in the coming years, as manufacturers and suppliers strive to meet the evolving needs of the industry and stay competitive in a rapidly changing market.

Aerospace Landing Gear Market Driving factors

Some of the key driving factors for the aerospace landing gear market include:

Increasing demand for new aircraft: The demand for new aircraft, driven by factors such as growing air travel demand, the expansion of airline fleets, and the increasing number of low-cost carriers, is driving the growth of the aerospace landing gear market.

Replacement of aging aircraft: The global fleet of aircraft is aging, and many airlines and operators are replacing their older aircraft with new ones. This is driving the demand for new landing gear systems and components, as well as aftermarket services such as maintenance, repair, and overhaul.

Technological advancements: The aerospace industry is constantly developing new technologies and materials to improve the performance, safety, and efficiency of landing gear systems. This includes the use of advanced materials such as composites and titanium alloys, as well as digital technologies such as predictive maintenance and health monitoring systems.

Increasing defense spending: The defense sector is a significant market for aerospace landing gear systems, as military aircraft require specialized landing gear systems that can operate in a variety of conditions. The increasing defense spending by several countries is driving the growth of this segment of the market.

Focus on sustainability: The aviation industry is placing greater emphasis on sustainability, and this is driving the development of more environmentally friendly landing gear systems. This includes the use of sustainable materials, such as biodegradable lubricants, and the development of more efficient and less polluting manufacturing processes.

These driving factors are expected to continue to shape the aerospace landing gear market in the coming years, as manufacturers and suppliers adapt to the evolving needs of the industry and strive to stay competitive in a rapidly changing market.

Aerospace Landing Gear Market Regional  Analysis

The aerospace landing gear market is geographically segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Here is a brief regional analysis:

North America: The North American market for aerospace landing gear is expected to grow significantly due to the presence of major aerospace manufacturers and suppliers in the region. The region also has a large fleet of aircraft that require regular maintenance and replacement of landing gear systems and components.

Europe: Europe is a significant market for aerospace landing gear systems and components, driven by the presence of major aircraft manufacturers and suppliers in the region. The growing demand for new aircraft, as well as aftermarket services, is driving the growth of the market in this region.

Asia-Pacific: The Asia-Pacific region is expected to be the fastest-growing market for aerospace landing gear, driven by the increasing demand for air travel in the region, the expansion of airline fleets, and the growing defense spending by several countries in the region.

Middle East & Africa: The Middle East & Africa region is a significant market for aerospace landing gear, driven by the growing demand for air travel and the increasing investment in aviation infrastructure in the region.

Latin America: The Latin America market for aerospace landing gear is expected to grow significantly due to the increasing demand for air travel in the region, as well as the growing investment in aviation infrastructure.

The regional dynamics and competitive landscape of the aerospace landing gear market can vary depending on various factors such as government regulations, market demand, and technological advancements. Regular market research and analysis are essential to stay updated on the market dynamics and the competitive landscape.

Aerospace Landing Gear Market Forecasts 2030 

The aerospace landing gear market is expected to grow significantly in the coming years, with a forecast period from 2021 to 2030. The market is expected to be driven by factors such as the increasing demand for new aircraft, the replacement of aging aircraft, technological advancements, and increasing defense spending.According to market research reports, the global aerospace landing gear market is expected to reach a value of USD 20.3 billion by 2030, growing at a CAGR of 6.2% during the forecast period.In terms of landing gear type, the market for the main landing gear is expected to dominate during the forecast period, due to the increasing demand for narrow-body aircraft, which use single-wheel main landing gear.In terms of application, the commercial aviation segment is expected to hold the largest market share, driven by the increasing demand for new aircraft and the replacement of aging aircraft in the commercial aviation sector.In terms of region, the Asia-Pacific region is expected to be the fastest-growing market for aerospace landing gear during the forecast period, due to the increasing demand for air travel in the region, the expansion of airline fleets, and the growing defense spending by several countries in the region.

Overall, the aerospace landing gear market is expected to continue to grow in the coming years, driven by the increasing demand for new aircraft and the replacement of aging aircraft, as well as the growing focus on technological advancements and sustainability in the aviation industry.

Aerospace Landing Gear Market Key Industry Players

The global aerospace landing gear market is highly competitive, with several key industry players operating in the market. Here are some of the leading companies in the aerospace landing gear market:

Safran Landing Systems: Safran Landing Systems is a French company that designs, manufactures, and supports landing gear systems and components for aircraft. The company offers a wide range of landing gear systems for commercial, regional, and military aircraft.

Collins Aerospace: Collins Aerospace, a subsidiary of Raytheon Technologies, is a US-based company that offers landing gear systems and components for commercial, regional, and military aircraft. The company's landing gear systems are used in several popular aircraft, including the Boeing 737 and Airbus A320.

Héroux-Devtek: Héroux-Devtek is a Canadian company that designs, develops, and manufactures landing gear systems and components for commercial, regional, and military aircraft. The company's landing gear systems are used in several popular aircraft, including the F-35 Joint Strike Fighter and the Bombardier Global series.

Liebherr-Aerospace: Liebherr-Aerospace is a German company that offers landing gear systems and components for commercial, regional, and military aircraft. The company's landing gear systems are used in several popular aircraft, including the Airbus A320 and the Embraer E-Jet series.

UTC Aerospace Systems: UTC Aerospace Systems, a subsidiary of Raytheon Technologies, is a US-based company that offers landing gear systems and components for commercial, regional, and military aircraft. The company's landing gear systems are used in several popular aircraft, including the Boeing 787 and the Gulfstream G650.

These are just a few of the key industry players in the aerospace landing gear market. Other notable companies include CIRCOR Aerospace, Triumph Group, and AAR Corp. The market is highly competitive, and companies are constantly innovating to gain a competitive edge.