Aircraft Landing Gear Market Size, Trends and Insights By Type (Main Landing Gear, Nose Landing Gear), By Aircraft Type (Commercial Aircraft, Military Aircraft, General Aviation), By Application (OEM, Aftermarket), By Component (Landing Gear Steering System, Landing Gear Actuation System, Wheels & Brakes, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI35678

Published Date: December 2023

Pages: 320+

Category: Aerospace & Defense

Report Snapshot

CAGR: 6%
6,997.6M
2022
7,211M
2023
7,455M
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Safran Landing Systems
  • Liebherr Group
  • Heroux-Devtek Inc.
  • Honeywell International Inc.
  • AAR Corporation
  • Others

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Reports Description

Global Aircraft Landing Gear Market is poised for significant growth from 2023 to 2032, driven by factors such as the increasing demand for new aircraft, fleet expansion, and the need for modernization in the aviation sector.

The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 6% during this period. In 2023, the market is estimated to be valued at USD 7,211 Million, and it is anticipated to reach USD 7,455 Million by 2032.

Aircraft landing gear is a critical component that ensures the safe landing and takeoff of aircraft, and its market growth is influenced by several factors, including:

  • Commercial Aviation Expansion: The continuous growth in global air travel demand, fueled by increasing disposable incomes and urbanization, is leading to higher orders for commercial aircraft. This expansion drives the demand for advanced and efficient landing gear systems to support the growing fleet.
  • Military Modernization Programs: Many countries are actively involved in military modernization efforts, investing in the development of advanced military aircraft. These modernization programs contribute to the demand for state-of-the-art landing gear technologies to enhance the performance of military aircraft.
  • General Aviation Growth: The rise in general aviation activities, including business jets and regional aircraft, is contributing to the demand for reliable and high-performance landing gear systems. As more individuals and businesses engage in air travel, the need for efficient landing gear becomes crucial.
  • Technological Advancements: Ongoing advancements in landing gear technologies, including the use of lightweight materials, advanced actuation systems, and improved durability, make modern landing gear systems more attractive to aircraft manufacturers. These advancements contribute to better fuel efficiency and operational performance.
  • Upgradation and Retrofitting: The aviation industry is witnessing a trend of upgrading and retrofitting existing aircraft with modern landing gear systems. This trend is driven by the need to improve fuel efficiency, comply with environmental regulations, and enhance overall operational efficiency.
  • Emerging Economies’ Aviation Expansion: The expansion of the aviation sector in emerging economies, particularly in Asia-Pacific and the Middle East, is contributing significantly to the growth of the Aircraft Landing Gear Market. Increased air travel demand in these regions is driving investments in new aircraft and related technologies.
  • Environmental Sustainability: There is a growing emphasis on developing eco-friendly and fuel-efficient landing gear systems to align with global sustainability goals. Manufacturers are exploring materials and technologies that reduce the environmental impact of aircraft operations.
  • Increasing Air Travel Demand: The overall growth in air travel demand, supported by factors such as rising population mobility and tourism, is leading to increased orders for new aircraft. This, in turn, drives the demand for advanced landing gear systems.
  • Supportive Regulatory Framework: Regulatory initiatives aimed at promoting safety standards and encouraging technological advancements in aircraft components, including landing gear, provide a conducive environment for market growth. Adherence to safety regulations is a key driver for the adoption of advanced landing gear systems.
  • Adoption of Composite Materials: The aviation industry is increasingly adopting composite materials in landing gear construction. These materials offer weight reduction benefits, leading to improved fuel efficiency and overall performance of the aircraft.
  • Research and Development Investments: Continuous investments in research and development to innovate landing gear technologies, such as electric and morphing landing gear systems, contribute to the market’s growth. These investments drive technological advancements and enhance the competitiveness of landing gear manufacturers.
  • Global Air Cargo Expansion: The expansion of air cargo operations and the growing demand for freighter aircraft contribute to the growth of the Aircraft Landing Gear Market. Cargo aircraft require robust landing gear systems to support their unique operational requirements.

Global Aircraft Landing Gear Market – Mergers and Acquisitions

Collins Aerospace’s Acquisition of B/E Aerospace (2017):

  • Collins Aerospace, a unit of United Technologies Corporation (UTC), acquired B/E Aerospace, a leading manufacturer of aircraft interior products.
  • The acquisition expanded Collins Aerospace’s portfolio to include a broader range of aircraft components, including seating, lighting, and galley systems.
  • The integration aimed to enhance the overall capabilities and offerings in the aerospace industry, including aircraft landing gear.

Safran’s Partnership with Albany Engineered Composites (2019):

  • Safran Landing Systems, a key player in aircraft landing gear, partnered with Albany Engineered Composites to develop innovative landing gear components using advanced materials.
  • The collaboration focused on incorporating composite materials for lightweight and durable landing gear components, contributing to fuel efficiency and sustainability.
  • The partnership demonstrated the industry’s commitment to adopting cutting-edge materials for enhanced performance.

Liebherr’s Contract with Boeing for 777X Landing Gear (2016):

  • Liebherr Aerospace secured a contract with Boeing to supply the landing gear system for the Boeing 777X, a long-range commercial aircraft.
  • The agreement highlighted Liebherr’s expertise in providing landing gear solutions for modern and fuel-efficient aircraft.
  • The collaboration showcased the importance of strong partnerships between landing gear manufacturers and aircraft OEMs.

Honeywell’s Development of Electric Taxiing System (2013):

  • Honeywell International Inc. developed an Electric Taxiing System (ETS) designed to taxi aircraft on the ground without using the main engines.
  • The innovation aimed to reduce fuel consumption, emissions, and noise during ground operations, contributing to overall environmental sustainability.
  • The Electric Taxiing System represented a technological advancement in aircraft ground operations, including landing gear functionality.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Aircraft Landing Gear Market Fighter Jet Engine Market Aircraft Lighting Market
CAGR 6% (Approx) CAGR 5.7% (Approx) CAGR 9.8% (Approx)
USD 7,455 Million by 2032 USD 16.5 Billion by 2032 USD 1997.9 Million by 2032

Challenges Impacting the Aircraft Landing Gear Market:

  • Complex Certification Processes: The certification of new and advanced landing gear technologies involves complex regulatory processes. Meeting the stringent safety and performance standards set by aviation authorities can be time-consuming and costly, impacting time-to-market for new products.
  • High Development Costs: Research, development, and testing of innovative landing gear technologies come with significant costs. Smaller manufacturers, in particular, may face challenges in allocating resources for the development of new and advanced landing gear systems.
  • Supply Chain Disruptions: The global aviation industry is susceptible to supply chain disruptions, including geopolitical events, natural disasters, and other unforeseen circumstances. These disruptions can affect the timely availability of landing gear components, leading to production delays.
  • Environmental Regulations: Increasing environmental regulations and emissions standards pose challenges for landing gear manufacturers to develop more sustainable solutions. Adapting to these regulations requires investments in research and development to reduce the environmental impact of landing gear systems.
  • Intense Competition: The Aircraft Landing Gear Market is characterized by intense competition among major players. Continuous efforts to innovate and gain a competitive edge can lead to pricing pressures and increased expenses for research and development.
  • Integration with Aircraft Systems: Integrating landing gear systems with advanced avionics and aircraft control systems poses challenges in ensuring seamless communication and functionality. Compatibility issues can arise when integrating new landing gear technologies with existing aircraft systems.
  • Market Dependency on Aircraft Orders: The market’s performance is closely linked to aircraft orders. Economic fluctuations, geopolitical events, or unforeseen events such as global health crises can impact aircraft orders, subsequently affecting the demand for landing gear systems.
  • Technological Transition Challenges: The transition from traditional landing gear systems to advanced technologies, such as electric or morphing landing gear, presents technical and operational challenges. Manufacturers need to navigate the complexities of transitioning from established systems to newer, more innovative solutions.
  • Safety and Reliability Concerns: Ensuring the safety and reliability of landing gear systems is paramount. Any concerns regarding the safety or reliability of landing gear components can lead to delays in certifications and market acceptance.
  • Regulatory Compliance: Adhering to evolving and region-specific aviation regulations requires constant monitoring and adjustments. The need to stay compliant with changing regulatory requirements poses challenges for landing gear manufacturers.
  • Maintenance and Lifecycle Costs: Managing maintenance costs and ensuring the long-term reliability of landing gear systems are crucial considerations for operators. High maintenance costs can influence purchasing decisions and impact the market for new landing gear systems.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 7,211 Million
Projected Market Size in 2032 USD 7,455 Million
Market Size in 2022 USD 6,997.6 Million
CAGR Growth Rate 6% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Aircraft Type, Application, Component and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Segmentation Analysis of the Aircraft Landing Gear Market:

By Type

Main Landing Gear:

  • Commercial Aircraft Main Landing Gear: Customized landing gear solutions for various commercial aircraft models, ensuring safe and efficient landings.
  • Military Aircraft Main Landing Gear: High-performance landing gear systems designed to meet the demanding requirements of military aircraft operations.

Nose Landing Gear:

  • Commercial Aircraft Nose Landing Gear: Specialized nose landing gear configurations for different commercial aircraft, enhancing ground maneuverability.
  • Military Aircraft Nose Landing Gear: Robust and mission-specific nose landing gear systems tailored for military aircraft applications.

Global Aircraft Landing Gear Market 2023–2032 (By Million)

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By Aircraft Type

  • Commercial Aircraft: Landing gear solutions for a range of commercial aircraft, including narrow-body and wide-body airliners.
  • Military Aircraft: Specialized landing gear systems for fighter jets, transport aircraft, and other military platforms.
  • General Aviation: Landing gear options for general aviation aircraft, including business jets, regional planes, and light aircraft.

By Application

  • OEM (Original Equipment Manufacturer): Landing gear systems incorporated into newly manufactured aircraft during the production process.
  • Aftermarket: Replacement and upgrade landing gear systems for existing aircraft, addressing maintenance and modernization needs.

By Component

Landing Gear Steering System:

  • Steering Actuators: Systems enabling precise ground steering and maneuvering during taxiing and ground operations.
  • Steering Control Units: Electronic components regulating the steering functionality of the landing gear.

Landing Gear Actuation System:

  • Extension/Retraction Mechanism: Hydraulic or electric systems facilitating the extension and retraction of landing gear components.
  • Shock Absorption System: Mechanisms absorbing and dissipating landing impact forces for smooth landings.

Wheels & Brakes:

  • Landing Gear Wheels: High-strength wheels designed to withstand the loads and stresses during takeoff and landing.
  • Braking Systems: Advanced brake systems for effective and controlled deceleration during landing.

Others:

  • Structural Components: Various structural elements, including struts, beams, and doors, contribute to the overall landing gear assembly.
  • Electronic Systems: Avionics and electronic components enhance the performance and safety of landing gear systems.

Global Aircraft Landing Gear Market 2023–2032 (By Application)

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Aircraft Landing Gear Market – Regional Analysis:

North America:

  • Dominant Player: The United States plays a pivotal role in the global aviation industry, housing major aerospace manufacturers and a robust aviation infrastructure.
  • Commercial and Military Focus: North America has a strong focus on both commercial and military aviation. The region has a significant number of commercial aircraft operators and hosts major military aviation programs.
  • Advanced Technologies: Aerospace manufacturers in North America are at the forefront of developing and adopting advanced landing gear technologies, contributing to the global market’s innovation.

Europe:

  • Aerospace Hub: Europe is a major aerospace hub, with countries like the United Kingdom, Germany, and France being key contributors to the industry.
  • Commercial and General Aviation: Europe has a well-established network of commercial airlines and a growing general aviation sector. European manufacturers are active in producing landing gear components for various aircraft types.
  • Military Collaboration: European countries collaborate on military aviation programs, leading to advancements in military aircraft and associated landing gear systems.

Asia-Pacific:

  • Rapid Growth: The Asia-Pacific region is witnessing rapid growth in air travel, driven by increasing middle-class populations and economic development. China and India are particularly significant contributors to this growth.
  • Commercial Aviation Boom: The demand for commercial aircraft in Asia-Pacific is escalating, leading to increased orders for new aircraft and, consequently, landing gear systems.
  • Military Modernization: Some countries in the region, such as China, are actively engaged in military modernization efforts, contributing to the demand for advanced military aircraft and landing gear technologies.

Latin America:

  • Emerging Market: Latin America is an emerging market for the aviation industry, with increasing air travel demand and investments in aviation infrastructure.
  • General Aviation Growth: The region experiences growth in general aviation activities, including business aviation and regional air travel. This growth influences the demand for landing gear systems.

Middle East and Africa:

  • Growing Aviation Hub: The Middle East, particularly countries like the United Arab Emirates and Qatar, has become a growing hub for aviation activities, including major airlines and aviation events.
  • Investments in Infrastructure: Investments in aviation infrastructure, such as new airports and expanded fleets, contribute to the demand for landing gear systems.
  • Military Aviation Development: Some countries in the Middle East are investing in the development of advanced military aviation capabilities, driving the demand for military aircraft and associated landing gear.

Global Aircraft Landing Gear Market 2023–2032 (By Type)

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List of the prominent players in the Aircraft Landing Gear Market:

  • UTC Aerospace Systems (Collins Aerospace)
  • Safran Landing Systems
  • Liebherr Group
  • Heroux-Devtek Inc.
  • Honeywell International Inc.
  • AAR Corporation
  • CIRCOR Aerospace & Defense
  • Meggitt PLC
  • BF Goodrich (Michelin)
  • Whelen Engineering Company Inc.
  • Parker Hannifin Corporation
  • United Equipment Accessories Inc.
  • Herber Aircraft Service Inc.
  • SPP Canada Aircraft Inc.
  • Goodrich Corporation (formerly)
  • Others

The Aircraft Landing Gear Market is segmented as follows:

By Type

  • Main Landing Gear
  • Nose Landing Gear

By Aircraft Type

  • Commercial Aircraft
  • Military Aircraft
  • General Aviation

By Application

  • OEM
  • Aftermarket

By Component

  • Landing Gear Steering System
  • Landing Gear Actuation System
  • Wheels & Brakes
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research Methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Aircraft Landing Gear Market, (2023 – 2032) (USD Million)
    • 2.2 Global Aircraft Landing Gear Market: snapshot
  • Chapter 3. Global Aircraft Landing Gear Market – Industry Analysis
    • 3.1 Aircraft Landing Gear Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Commercial Aviation Expansion
      • 3.2.2 Military Modernization Programs
      • 3.2.3 General Aviation Growth
      • 3.2.4 Technological Advancements
      • 3.2.5 Upgradation and Retrofitting
      • 3.2.6 Emerging Economies’ Aviation Expansion
      • 3.2.7 Environmental Sustainability
      • 3.2.8 Increasing Air Travel Demand
      • 3.2.9 Supportive Regulatory Framework
      • 3.2.10 Adoption of Composite Materials
      • 3.2.11 Research and Development Investments
      • 3.2.12 Global Air Cargo Expansion.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Aircraft Type
      • 3.7.3 Market Attractiveness Analysis By Application
      • 3.7.4 Market Attractiveness Analysis By Component
  • Chapter 4. Global Aircraft Landing Gear Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Aircraft Landing Gear Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Aircraft Landing Gear Market – Type Analysis
    • 5.1 Global Aircraft Landing Gear Market Overview: By Type
      • 5.1.1 Global Aircraft Landing Gear Market Share, By Type, 2022 and 2032
    • 5.2 Main Landing Gear
      • 5.2.1 Global Aircraft Landing Gear Market by Main Landing Gear, 2023 – 2032 (USD Million)
    • 5.3 Nose Landing Gear
      • 5.3.1 Global Aircraft Landing Gear Market by Nose Landing Gear, 2023 – 2032 (USD Million)
  • Chapter 6. Global Aircraft Landing Gear Market – Aircraft Type Analysis
    • 6.1 Global Aircraft Landing Gear Market Overview: By Aircraft Type
      • 6.1.1 Global Aircraft Landing Gear Market Share, By Aircraft Type, 2022 and 2032
    • 6.2 Commercial Aircraft
      • 6.2.1 Global Aircraft Landing Gear Market by Commercial Aircraft, 2023 – 2032 (USD Million)
    • 6.3 Military Aircraft
      • 6.3.1 Global Aircraft Landing Gear Market by Military Aircraft, 2023 – 2032 (USD Million)
    • 6.4 General Aviation
      • 6.4.1 Global Aircraft Landing Gear Market by General Aviation, 2023 – 2032 (USD Million)
  • Chapter 7. Global Aircraft Landing Gear Market – Application Analysis
    • 7.1 Global Aircraft Landing Gear Market Overview: By Application
      • 7.1.1 Global Aircraft Landing Gear Market Share, By Application, 2022 and 2032
    • 7.2 OEM
      • 7.2.1 Global Aircraft Landing Gear Market by OEM, 2023 – 2032 (USD Million)
    • 7.3 Aftermarket
      • 7.3.1 Global Aircraft Landing Gear Market by Aftermarket, 2023 – 2032 (USD Million)
  • Chapter 8. Global Aircraft Landing Gear Market – Component Analysis
    • 8.1 Global Aircraft Landing Gear Market Overview: By Component
      • 8.1.1 Global Aircraft Landing Gear Market Share, By Component, 2022 and 2032
    • 8.2 Landing Gear Steering System
      • 8.2.1 Global Aircraft Landing Gear Market by Landing Gear Steering System, 2023 – 2032 (USD Million)
    • 8.3 Landing Gear Actuation System
      • 8.3.1 Global Aircraft Landing Gear Market by Landing Gear Actuation System, 2023 – 2032 (USD Million)
    • 8.4 Wheels & Brakes
      • 8.4.1 Global Aircraft Landing Gear Market by Wheels & Brakes, 2023 – 2032 (USD Million)
    • 8.5 Others
      • 8.5.1 Global Aircraft Landing Gear Market by Others, 2023 – 2032 (USD Million)
  • Chapter 9. Aircraft Landing Gear Market – Regional Analysis
    • 9.1 Global Aircraft Landing Gear Market Regional Overview
    • 9.2 Global Aircraft Landing Gear Market Share, by Region, 2022 & 2032 (USD Million)
    • 9.3. North America
      • 9.3.1 North America Aircraft Landing Gear Market, 2023 – 2032 (USD Million)
        • 9.3.1.1 North America Aircraft Landing Gear Market, by Country, 2023 – 2032 (USD Million)
    • 9.4 North America Aircraft Landing Gear Market, by Type, 2023 – 2032
      • 9.4.1 North America Aircraft Landing Gear Market, by Type, 2023 – 2032 (USD Million)
    • 9.5 North America Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032
      • 9.5.1 North America Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032 (USD Million)
    • 9.6 North America Aircraft Landing Gear Market, by Application, 2023 – 2032
      • 9.6.1 North America Aircraft Landing Gear Market, by Application, 2023 – 2032 (USD Million)
    • 9.7 North America Aircraft Landing Gear Market, by Component, 2023 – 2032
      • 9.7.1 North America Aircraft Landing Gear Market, by Component, 2023 – 2032 (USD Million)
    • 9.8. Europe
      • 9.8.1 Europe Aircraft Landing Gear Market, 2023 – 2032 (USD Million)
        • 9.8.1.1 Europe Aircraft Landing Gear Market, by Country, 2023 – 2032 (USD Million)
    • 9.9 Europe Aircraft Landing Gear Market, by Type, 2023 – 2032
      • 9.9.1 Europe Aircraft Landing Gear Market, by Type, 2023 – 2032 (USD Million)
    • 9.10 Europe Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032
      • 9.10.1 Europe Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032 (USD Million)
    • 9.11 Europe Aircraft Landing Gear Market, by Application, 2023 – 2032
      • 9.11.1 Europe Aircraft Landing Gear Market, by Application, 2023 – 2032 (USD Million)
    • 9.12 Europe Aircraft Landing Gear Market, by Component, 2023 – 2032
      • 9.12.1 Europe Aircraft Landing Gear Market, by Component, 2023 – 2032 (USD Million)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Aircraft Landing Gear Market, 2023 – 2032 (USD Million)
        • 9.13.1.1 Asia Pacific Aircraft Landing Gear Market, by Country, 2023 – 2032 (USD Million)
    • 9.14 Asia Pacific Aircraft Landing Gear Market, by Type, 2023 – 2032
      • 9.14.1 Asia Pacific Aircraft Landing Gear Market, by Type, 2023 – 2032 (USD Million)
    • 9.15 Asia Pacific Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032
      • 9.15.1 Asia Pacific Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032 (USD Million)
    • 9.16 Asia Pacific Aircraft Landing Gear Market, by Application, 2023 – 2032
      • 9.16.1 Asia Pacific Aircraft Landing Gear Market, by Application, 2023 – 2032 (USD Million)
    • 9.17 Asia Pacific Aircraft Landing Gear Market, by Component, 2023 – 2032
      • 9.17.1 Asia Pacific Aircraft Landing Gear Market, by Component, 2023 – 2032 (USD Million)
    • 9.18. Latin America
      • 9.18.1 Latin America Aircraft Landing Gear Market, 2023 – 2032 (USD Million)
        • 9.18.1.1 Latin America Aircraft Landing Gear Market, by Country, 2023 – 2032 (USD Million)
    • 9.19 Latin America Aircraft Landing Gear Market, by Type, 2023 – 2032
      • 9.19.1 Latin America Aircraft Landing Gear Market, by Type, 2023 – 2032 (USD Million)
    • 9.20 Latin America Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032
      • 9.20.1 Latin America Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032 (USD Million)
    • 9.21 Latin America Aircraft Landing Gear Market, by Application, 2023 – 2032
      • 9.21.1 Latin America Aircraft Landing Gear Market, by Application, 2023 – 2032 (USD Million)
    • 9.22 Latin America Aircraft Landing Gear Market, by Component, 2023 – 2032
      • 9.22.1 Latin America Aircraft Landing Gear Market, by Component, 2023 – 2032 (USD Million)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Aircraft Landing Gear Market, 2023 – 2032 (USD Million)
        • 9.23.1.1 The Middle-East and Africa Aircraft Landing Gear Market, by Country, 2023 – 2032 (USD Million)
    • 9.24 The Middle-East and Africa Aircraft Landing Gear Market, by Type, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Aircraft Landing Gear Market, by Type, 2023 – 2032 (USD Million)
    • 9.25 The Middle-East and Africa Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Aircraft Landing Gear Market, by Aircraft Type, 2023 – 2032 (USD Million)
    • 9.26 The Middle-East and Africa Aircraft Landing Gear Market, by Application, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Aircraft Landing Gear Market, by Application, 2023 – 2032 (USD Million)
    • 9.27 The Middle-East and Africa Aircraft Landing Gear Market, by Component, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Aircraft Landing Gear Market, by Component, 2023 – 2032 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1 UTC Aerospace Systems (Collins Aerospace)
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Safran Landing Systems
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Liebherr Group
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Heroux-Devtek Inc.
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Honeywell International Inc.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 AAR Corporation
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 CIRCOR Aerospace & Defense
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Meggitt PLC
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 BF Goodrich (Michelin)
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Whelen Engineering Company Inc.
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Parker Hannifin Corporation
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 United Equipment Accessories Inc.
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Herber Aircraft Service Inc.
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 SPP Canada Aircraft Inc.
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Goodrich Corporation (formerly)
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 29

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • UTC Aerospace Systems (Collins Aerospace)
  • Safran Landing Systems
  • Liebherr Group
  • Heroux-Devtek Inc.
  • Honeywell International Inc.
  • AAR Corporation
  • CIRCOR Aerospace & Defense
  • Meggitt PLC
  • BF Goodrich (Michelin)
  • Whelen Engineering Company Inc.
  • Parker Hannifin Corporation
  • United Equipment Accessories Inc.
  • Herber Aircraft Service Inc.
  • SPP Canada Aircraft Inc.
  • Goodrich Corporation (formerly)
  • Others

FAQs

The key factors driving the Market are Commercial Aviation Expansion, Military Modernization Programs, General Aviation Growth, Technological Advancements, Upgradation and Retrofitting, Emerging Economies’ Aviation Expansion, Environmental Sustainability, Increasing Air Travel Demand, Supportive Regulatory Framework, Adoption of Composite Materials, Research and Development Investments And Global Air Cargo Expansion.

The “Main Landing Gear” category dominated the market in 2022.

The key players in the market are UTC Aerospace Systems (Collins Aerospace), Safran Landing Systems, Liebherr Group, Heroux-Devtek Inc., Honeywell International Inc., AAR Corporation, CIRCOR Aerospace & Defense, Meggitt PLC, BF Goodrich (Michelin), Whelen Engineering Company Inc., Parker Hannifin Corporation, United Equipment Accessories Inc., Herber Aircraft Service Inc., SPP Canada Aircraft Inc., Goodrich Corporation (formerly), Others.

“Europe” had the largest share in the Aircraft Landing Gear Market.

The global market is projected to grow at a CAGR of 6% during the forecast period, 2023-2032.

The Aircraft Landing Gear Market size was valued at USD 7,211 Million in 2023.

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