The Aircraft Landing Gear Market is expected to grow steadily over the next five years, with its market size projected to increase from USD 7.1 billion in 2023 to USD 9.1 billion by 2028, at a CAGR of 5.0%. This growth is driven by rising global air traffic, the demand for new and more efficient aircraft, and technological advancements in landing gear systems. The market serves both the commercial and military sectors and is essential for the functioning of various types of aircraft, including fixed-wing planes, helicopters, and new Urban Air Mobility (UAM) vehicles.
In this market research blog, we explore the key factors influencing the growth of the Aircraft Landing Gear Industry, the emerging trends shaping its future, and the challenges the industry faces.
Market Drivers
1. Increasing Aircraft Production
One of the primary growth drivers for the aircraft landing gear market is the rise in aircraft production. Global air traffic has been steadily increasing, and the International Air Transport Association (IATA) predicts that the number of air passengers will reach 4.7 billion by 2024, surpassing pre-pandemic levels. As a result, airlines are expanding their fleets and investing in new aircraft to meet growing demand.
Both Boeing and Airbus, the two leading aircraft manufacturers, have ramped up production to accommodate these needs. In 2023, Boeing delivered 528 aircraft, while Airbus delivered 735 aircraft, reflecting significant growth over the previous year. This increase in aircraft manufacturing directly boosts the demand for landing gear systems, which are critical components of all aircraft. As airlines continue to modernize their fleets with fuel-efficient models, the need for new landing gear systems will remain a key market driver.
2. Urban Air Mobility (UAM) Development
The emergence of Urban Air Mobility (UAM) is another factor contributing to the expansion of the landing gear market. UAM refers to the use of electric vertical takeoff and landing (eVTOL) aircraft for short-distance urban transportation. This emerging industry is expected to revolutionize urban mobility, and the demand for specialized landing gear systems to support UAM vehicles is anticipated to grow significantly.
More than 200 companies worldwide are currently working on UAM projects, with investments pouring in from both traditional aerospace companies and newer startups. As the UAM sector continues to evolve, the demand for lightweight, durable landing gear systems designed for electric aircraft will become a key growth opportunity for manufacturers.
3. Growth in Military Aircraft Production
The military sector is another critical driver of the aircraft landing gear market. Many countries are modernizing their military forces and investing in advanced aircraft. This includes the development of fighter jets, cargo planes, and unmanned aerial vehicles (UAVs), all of which require specialized landing gear systems to meet the rigorous demands of military operations.
As geopolitical tensions rise in various regions, defense spending is increasing, particularly in countries such as China, India, and the United States. This military expansion is driving demand for landing gear systems that can withstand harsh environments and heavy usage, contributing to market growth.
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Market Restraints
1. Regulatory Barriers
One of the major challenges facing the aircraft landing gear market is the stringent regulatory requirements imposed by aviation authorities such as the Federal Aviation Administration (FAA) in the US and the European Union Aviation Safety Agency (EASA). Landing gear systems must adhere to strict safety and performance standards due to their critical role in aircraft operations.
Landing gear components are subjected to intense stress during takeoff and landing, and any failure can lead to catastrophic accidents. As a result, manufacturers must conduct extensive testing and certification processes for new materials and technologies. These regulations, while necessary for safety, can slow down the development and deployment of innovative landing gear solutions, creating a barrier for manufacturers looking to bring new products to market.
Market Opportunities
1. Advanced Air Mobility (AAM)
The growing Advanced Air Mobility (AAM) sector represents a significant opportunity for the aircraft landing gear market. AAM includes the development of eVTOL aircraft for urban transportation, emergency services, and cargo delivery. As this industry matures, the demand for landing gear systems specifically designed for electric and autonomous aircraft will rise.
Companies involved in AAM are exploring innovative landing gear technologies that offer lightweight materials, energy-efficient systems, and enhanced durability. The increasing investments in AAM and the growing number of commercial applications for eVTOL aircraft are expected to create a substantial market opportunity for landing gear manufacturers by the 2030s.
Market Challenges
1. Global Political and Social Instability
The global political landscape poses challenges to the aircraft landing gear market. Events such as the Russia-Ukraine War have created uncertainty in the aviation industry, leading to delays in aircraft deliveries and changes in procurement strategies. Political instability can impact both military and commercial aircraft production, disrupting the supply chain for landing gear components.
Additionally, environmental concerns are pushing governments and regulatory bodies to impose stricter emissions standards on the aviation industry. This shift toward sustainable aviation may require manufacturers to adopt new technologies and materials, creating both challenges and opportunities for innovation.
Aircraft Landing Gear Market Segmentation
1. By End-User: OEM vs. Aftermarket
The Original Equipment Manufacturer (OEM) segment is expected to lead the aircraft landing gear market in 2023. This segment includes the sale of landing gear systems for new aircraft being manufactured by companies such as Boeing, Airbus, and Lockheed Martin. As global air traffic increases and airlines expand their fleets, the demand for OEM landing gear systems will continue to grow.
On the other hand, the Aftermarket segment includes the sale of replacement parts and maintenance services for existing aircraft. With the global aircraft fleet aging, the demand for aftermarket landing gear solutions remains steady, particularly as airlines seek to extend the lifespan of their older aircraft.
2. By Type: Main Landing Gear vs. Nose Landing Gear
The main landing gear segment is expected to account for the largest market share in 2023. Main landing gear systems are responsible for bearing the majority of an aircraft’s weight during landing and taxiing. Due to their critical role, main landing gear units are typically larger, more durable, and require more advanced materials compared to nose landing gear.
The production volume for main landing gear systems is inherently higher, as most aircraft are equipped with two main landing gear units, while nose landing gear is typically a single unit.
3. By Aircraft Type: Fixed-Wing Aircraft
The fixed-wing aircraft segment, which includes commercial, military, and business jets, is expected to dominate the aircraft landing gear market. Fixed-wing aircraft account for the majority of global air travel, resulting in higher demand for landing gear systems compared to rotary-wing aircraft (helicopters) or unmanned aerial vehicles (UAVs). The large-scale production of commercial jets by Boeing and Airbus further supports the dominance of this segment.
4. By Subsystem: Structural Systems
Within the aircraft landing gear subsystems, the structural systems segment is projected to lead the market in 2023. Structural components, such as landing gear beams, struts, and support structures, are essential for ensuring the stability and durability of landing gear systems. The ongoing effort to develop lighter and more fuel-efficient aircraft is driving the adoption of composite materials in landing gear structures, further enhancing the strength-to-weight ratio and improving performance.
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Regional Insights
1. North America
The North American market is expected to hold the largest share of the aircraft landing gear market in 2023. The region is home to major aircraft manufacturers such as Boeing and a large concentration of airlines and defense contractors. The modernization of aging aircraft fleets and investments in research and development (R&D) are also key factors driving the market in North America.
The US government’s commitment to upgrading its military aircraft fleet, coupled with the growth of the commercial aviation sector, ensures strong demand for landing gear systems in the region.
Key Market Players
Leading Companies in the global aircraft landing gear market include:
- Collins Aerospace (US)
- Safran (France)
- Héroux-Devtek (Canada)
- Liebherr (Switzerland)
- Triumph Group (US)
These companies are at the forefront of innovation in landing gear technology, focusing on lightweight materials, autonomous systems, and sustainable aviation solutions. Through partnerships, collaborations, and contracts, these players are expanding their market presence and driving advancements in the industry.
The Aircraft Landing Gear Market is poised for significant growth from 2023 to 2028, driven by rising global air traffic, increased aircraft production, and the development of advanced air mobility solutions. While regulatory challenges and geopolitical instability present obstacles, the demand for new and replacement landing gear systems will continue to grow. Innovations in lightweight materials, autonomous systems, and sustainability will shape the future of the market, offering opportunities for manufacturers and suppliers to capitalize on this expanding industry.
