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Commercial Aircraft Landing Gear Market Size (2024 - 2029)

The Commercial Aircraft Landing Gear Market is projected to experience significant growth, driven by the expansion of airline fleets and the rapid development of the commercial aviation sector. This growth is fueled by the demand for new airliners and the replacement of aging aircraft, particularly in emerging markets. Despite challenges such as rising energy costs and raw material expenses, the market is expected to benefit from advancements in lightweight materials and electronic technologies that enhance aircraft performance and reduce maintenance needs. The shift towards more fuel-efficient and eco-friendly airliners is anticipated to further propel the market's expansion.

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Market Size of Commercial Aircraft Landing Gear Industry

Commercial Aircraft Landing Gear Market Commercial Aircraft Landing Gear Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 3.14 Billion
Market Size (2029) USD 5.37 Billion
CAGR (2024 - 2029) 11.31 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Commercial Aircraft Landing Gear Market Major Players

*Disclaimer: Major Players sorted in no particular order

Commercial Aircraft Landing Gear Market Analysis

The Commercial Aircraft Landing Gear Market size is estimated at USD 3.14 billion in 2024, and is expected to reach USD 5.37 billion by 2029, growing at a CAGR of 11.31% during the forecast period (2024-2029).

The expansion of major airlines' fleet sizes and the rapid growth of the commercial aviation sector are expected to drive demand for new airliners and, as a result, landing gear. Due to the increased production of next-generation aircraft, the civil aviation sector is expected to grow significantly. Improvements in global economic conditions increased global air passenger traffic.

Airlines across developed economies, such as the US and Germany, face growing competition from LCCs, as these carriers are transforming older, fuel-inefficient airplanes with new economic single-aisle models. Moreover, increased demand for replacing aging airliners, especially in emerging markets, is expected to further drive the need for commercial airplanes over the forecast period.

However, challenges such as increasing energy costs, expensive raw materials, and US dollar inflation are expected to restrain the industry's growth in the future.

Airplane manufacturers now use lightweight materials, electronic technologies, and innovative solutions to optimize overall aircraft performance during touchdowns and reduce aircraft downtime. These new systems require a lower degree of maintenance than their traditional counterparts. The increasing need for more fuel-efficient and eco-friendly airliners to replace the older ones is expected to drive the industry over the forecast period.

Commercial Aircraft Landing Gear Industry Segmentation

Landing gears provide a suspension system to the aircraft during taxiing, take-off, and landing while facilitating braking and direction control through the provisions of integrating supportive systems for the aircraft.

The commercial aircraft landing gear market is segmented by landing gear type, aircraft type, and geography. By landing gear type, the market is segmented into nose landing gear and main landing gear. The market is segmented by aircraft type into narrowbody, widebody, and regional jets. The report also covers the market sizes and forecasts for the commercial aircraft landing gear market in major countries across different regions. The market size is provided for each segment in terms of value (USD).

Landing Gear Type
Main Landing Gear
Nose Landing Gear
Aircraft Type
Narrowbody
Widebody
Regional Jet
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Commercial Aircraft Landing Gear Market Size Summary

The commercial aircraft landing gear market is poised for significant growth, driven by the expansion of airline fleets and the burgeoning commercial aviation sector. The demand for new airliners, fueled by the production of next-generation aircraft, is expected to propel the market forward. Airlines in developed regions are increasingly adopting new economic single-aisle models to compete with low-cost carriers, while emerging markets are seeing a surge in demand for replacing aging airliners. Despite challenges such as rising energy costs and expensive raw materials, the industry is leveraging lightweight materials and electronic technologies to enhance aircraft performance and reduce maintenance needs. The main landing gear segment, which bears the aircraft's weight during landings, is a major revenue generator due to its complexity and cost, particularly in widebody and large freighter aircraft.

Asia-Pacific is anticipated to experience the highest growth rate, driven by substantial investments in the aviation sector and increasing air traffic. The region's airlines have shown remarkable recovery, with significant rises in traffic and capacity. Major aircraft orders, such as those by China Aviation Supplies and various Chinese airlines, are expected to boost demand for landing gears, creating substantial market opportunities. The market is characterized by a few key players, including Safran SA, Raytheon Technologies Corporation, and Honeywell International Inc., who are investing in advanced landing gear systems to enhance fuel efficiency and reduce emissions. The market is also witnessing consolidation through mergers and acquisitions, aimed at creating MRO conglomerates and improving service quality.

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Commercial Aircraft Landing Gear Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Challenges

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Landing Gear Type

      1. 2.1.1 Main Landing Gear

      2. 2.1.2 Nose Landing Gear

    2. 2.2 Aircraft Type

      1. 2.2.1 Narrowbody

      2. 2.2.2 Widebody

      3. 2.2.3 Regional Jet

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 France

        3. 2.3.2.3 Germany

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Mexico

        3. 2.3.4.3 Rest of Latin America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 South Africa

        4. 2.3.5.4 Rest of Middle East and Africa

Commercial Aircraft Landing Gear Market Size FAQs

The Commercial Aircraft Landing Gear Market size is expected to reach USD 3.14 billion in 2024 and grow at a CAGR of 11.31% to reach USD 5.37 billion by 2029.

In 2024, the Commercial Aircraft Landing Gear Market size is expected to reach USD 3.14 billion.

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Commercial Aircraft Landing Gear Market Analysis - Industry Report, Size & Forecast (2024 - 2029)