Aircraft Landing Gear Systems Market by Application, Landing Gear Location, Product, and Geography - Forecast and Analysis 2021-2025

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

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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

The launch of new routes improves the entire aviation infrastructure in a region. This initiates procurement and retrofitting of aircraft fleet, and also encourages participation by regional component manufacturers in scheduled and unscheduled maintenance of aircraft landing gear systems. The increased frequency of flights also results in the establishment of aircraft repairing units, which source their requirements from certified local vendors to minimize operational costs. For instance, British Airways, to capitalize on the seasonal demand, launched a biweekly service between Charleston International Airport, US, and Heathrow Airport, the UK from April 2019. Therefore, the launch of new service routes will encourage the procurement of new aircraft by airline operators, leading to a demand for aircraft landing gear systems. This will subsequently influence the growth of the aircraft landing gear systems market during the forecast period.

3D printing is highly preferred in the layered manufacturing process as it can improve quality in terms of accuracy and surface finish, diminish the support volume required, support contact area, and build time, which makes it one of the critical aircraft landing gear systems market trends. This technology can also be used to manufacture a range of aircraft landing gear systems with some vital 3D-printed components. Simulation and dynamic analysis are carried out to fine-tune the design parameters for shimmy suppression, energy absorption, and extension. As a result, 3D printing is expected to witness significant adoption over traditional manufacturing processes for the manufacturing of aircraft landing gear. Additive manufacturing (AM) is often referred to as 3D printing, as it works similar to a laser printer. However, 3D printing is used in both rapid prototyping and AM as this technique builds a solid object from a series of layers, with each one printed directly on top of the previous one.

 

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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.

 

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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
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Decelerate at a CAGR of 9%
Market growth 2021-2025	$ 3.63 billion
Market structure	Concentrated
YoY growth (%)	9.82
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 33%
Key consumer countries	US, France, Russian Federation, China, Canada, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
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.
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,
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.