The aircraft landing gear systems market size has the potential to grow by USD 3.63 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 8.68%.
This report provides a detailed analysis of the market by landing gear location (main landing gear and nose landing gear), application (commercial aircraft, military aircraft, and business jet), product (tandem landing gear, tail wheel-type landing gear, tricycle-type landing gear), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Aircraft Landing Gear Systems Market
Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- CIRCOR International Inc.
- Eaton Corporation Plc
- Heroux-Devtek Inc.
- Honeywell International Inc.
- Liebherr-International AG
- Magellan Aerospace Corp.
- Raytheon Technologies Corp.
- Safran SA
- Sumitomo Precision Products Co. Ltd.
- Triumph Group Inc.
The aircraft landing gear systems market is concentrated and the vendors are deploying growth strategies such as adopting competitive pricing strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the creation of new air routes to tap the market potential to achieve growth opportunities. However, factors such as the long product replacement cycle will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the aircraft landing gear systems market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This aircraft landing gear systems market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Aircraft Landing Gear Systems Market: Key Drivers and Trends
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Aircraft Landing Gear Systems Market: Segmentation by Geography
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33% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for aircraft landing gear systems in North America. Market growth in this region will be faster than the growth of the market in South America.
The presence of advanced aerospace infrastructure and growing air travel will facilitate the aircraft landing gear systems market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Aircraft Landing Gear Systems Market: Segmentation by Landing Gear Location
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The main landing gear is a crucial element of an aircraft and is positioned nearest to its center of gravity (CG). It touches the ground first while landing and leaves last during take-off. The structural members in the landing gear support the heavy landing loads and stop them from collapsing under the aircraft’s weight. The major components of the main landing gear include wheel assembly, air/oil shock-transferring components, braking system, extension/retraction and safety devices, gear alignment units, and steering control elements.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft landing gear systems market size.
Aircraft Landing Gear Systems Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive aircraft landing gear systems market growth during the next five years
- Precise estimation of the aircraft landing gear systems market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aircraft landing gear systems industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aircraft landing gear systems market vendors
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Aircraft Landing Gear Systems Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 9% |
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Market growth 2021-2025 |
$ 3.63 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
9.82 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, France, Russian Federation, China, Canada, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
CIRCOR International Inc., Eaton Corporation Plc, Heroux-Devtek Inc., Honeywell International Inc., Liebherr-International AG, Magellan Aerospace Corp., Raytheon Technologies Corp., Safran SA, Sumitomo Precision Products Co. Ltd., and Triumph Group Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |