Commercial Aircraft Landing Gear Market Size | Forecast 2030

Segments - Commercial Aircraft Landing Gear Market by Landing Gear Types (Main Landing Gears and Nose Landing Gears), Aircraft Types (Narrow body, Wide body, and Regional Jet), and Regions (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Indranil Bose

Editor : Shruti Bhat

Report Description

The global commercial aircraft landing gear market size was USD 14.7 Billion in 2020 and is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing aircraft orders from various airlines due to rising number of passengers choosing air travel.

Landing gear is the under carriage of a spacecraft or aircraft that is used for either landing or take-off. Landing gear supports the aircraft when it is not flying and also allows it to land. take-off, or taxi without any damage. These gears have wheels that are in form of floats, skids, skis, or combination of them. Other elements of the landing gear are arranged according to surface and aircraft’s direction operation .

Commercial Aircraft Landing Gear Market Outlook

Aircraft landing gear system is one of the critical subsystems and supports complete load of an aircraft in the course of ground operations and landing. Landing gear is attached to main structural members of the aircraft. Gear type is dependent on the aircraft’s use and design. Majority of the landing gear have wheels to aid operation along the airport runways. Weight reduction in aircraft landing gear is required to attain ideal ratio between range and payload. Its design is takes into consideration in regards to various requirements such as strength, stability, stiffness, ground clearance, control and damping under all possible ground attitudes of the aircraft.

Commercial Aircraft Landing Gear Market Trends, Drivers, Restraints, and Opportunities

The boost in the air traffic has increased the number of airline services. which is spurring the market growth.
Aircraft manufacturers are focusing on weight reduction of the aircraft as it improves fuel efficiency and increase profit margins for the airlines. Thus, increasing demand for light weight landing gear is driving the market growth.
Lack of relevant safety and stringent regulations are some of the major hindrances to the development of the market.
High maintenance cost of aircraft landing gear products can restrain the growth of the market during the forecast period.
Increasing R&D investments and ongoing technological advancement in the aircraft models is expected to create significant opportunities for the market players in the projected timeline.

Scope of the Commercial Aircraft Landing Gear Market Report

The report on the global commercial aircraft landing gear market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Commercial Aircraft Landing Gear Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Landing Gear Types (Main Landing Gears and Nose Landing Gears), Aircraft Types (Narrow body, Wide body, and Regional Jet)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Safran SA, Raytheon Technologies Corporation, Honeywell International Inc., AAR Corporation, and Meggitt PLC.

Commercial Aircraft Landing Gear Market Segment Insights

Main landing gears segment is projected to hold a major market share
On the basis of landing gear types, the market is bifurcated into main landing gears and nose landing gears. The main landing gears segment is expected to hold a key market share in the coming years due to rising technological development that improved the revenue generation. The main landing gear assembly is considered as the most complex development. On the other hand, the nose landing gears segment is expected to grow at a steady rate during the forecast period.

Commercial Aircraft Landing Gear Market By Landing Gear Types

Narrow body segment is expected to grow at a rapid pace
Based on aircraft types, the market is segmented into narrow body, wide body, and regional Jet. The narrow body segment is expected to expand at significant pace during the forecast period owing to increasing passenger traffic in low-cost carriers (LCCs) and growing number of high-density flights on major airports.

Commercial Aircraft Landing Gear Market By Aircraft Types

Asia Pacific is anticipated to dominate the market
In terms of regions, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia pacific is expected to dominate the market during forecast period owing to the major portion of the deliveries of commercial aircraft and demand for new commercial aircraft landing gear is increased in this region. The growth in the commercial aviation sector in China has been spectacular in past five years and is further expected to grow at a steady rate in the projected timeline.

Segments

Segments Covered in the Report

The global commercial aircraft landing gear market has been segmented on the basis of

Landing Gear Types

Main Landing Gear
Nose Landing Gear

Aircraft Types

Narrow body
Wide body
Regional Jet

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Safran SA
Raytheon Technologies Corporation
Honeywell International Inc.
AAR Corporation
Meggitt PLC

Competitive Landscape

Key players competing in the commercial aircraft landing gear market include Safran SA; Raytheon Technologies Corporation; Honeywell International Inc.; AAR Corporation; and Meggitt PLC.

Commercial Aircraft Landing Gear Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Aircraft Landing Gear Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Commercial Aircraft Landing Gear Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Commercial Aircraft Landing Gear Market - Supply Chain
  4.5. Global Commercial Aircraft Landing Gear Market Forecast
     4.5.1. Commercial Aircraft Landing Gear Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Commercial Aircraft Landing Gear Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Commercial Aircraft Landing Gear Market Absolute $ Opportunity
5. Global Commercial Aircraft Landing Gear Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Commercial Aircraft Landing Gear Market Size and Volume Forecast by End Users
     5.3.1. Safran SA
     5.3.2. Raytheon Technologies Corporation
     5.3.3. Honeywell International Inc.
     5.3.4. AAR Corporation
     5.3.5. Meggitt PLC
     5.3.6.
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Commercial Aircraft Landing Gear Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Commercial Aircraft Landing Gear Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Commercial Aircraft Landing Gear Demand Share Forecast, 2019-2026
7. North America Commercial Aircraft Landing Gear Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Commercial Aircraft Landing Gear Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Commercial Aircraft Landing Gear Market Size and Volume Forecast by End Users
     7.4.1. Safran SA
     7.4.2. Raytheon Technologies Corporation
     7.4.3. Honeywell International Inc.
     7.4.4. AAR Corporation
     7.4.5. Meggitt PLC
     7.4.6.
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Commercial Aircraft Landing Gear Demand Share Forecast, 2019-2026
8. Latin America Commercial Aircraft Landing Gear Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Commercial Aircraft Landing Gear Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Commercial Aircraft Landing Gear Market Size and Volume Forecast by End Users
     8.4.1. Safran SA
     8.4.2. Raytheon Technologies Corporation
     8.4.3. Honeywell International Inc.
     8.4.4. AAR Corporation
     8.4.5. Meggitt PLC
     8.4.6.
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Commercial Aircraft Landing Gear Demand Share Forecast, 2019-2026
9. Europe Commercial Aircraft Landing Gear Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Commercial Aircraft Landing Gear Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Commercial Aircraft Landing Gear Market Size and Volume Forecast by End Users
     9.4.1. Safran SA
     9.4.2. Raytheon Technologies Corporation
     9.4.3. Honeywell International Inc.
     9.4.4. AAR Corporation
     9.4.5. Meggitt PLC
     9.4.6.
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Commercial Aircraft Landing Gear Demand Share Forecast, 2019-2026
10. Asia Pacific Commercial Aircraft Landing Gear Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Commercial Aircraft Landing Gear Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Commercial Aircraft Landing Gear Market Size and Volume Forecast by End Users
     10.4.1. Safran SA
     10.4.2. Raytheon Technologies Corporation
     10.4.3. Honeywell International Inc.
     10.4.4. AAR Corporation
     10.4.5. Meggitt PLC
     10.4.6.
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Commercial Aircraft Landing Gear Demand Share Forecast, 2019-2026
11. Middle East & Africa Commercial Aircraft Landing Gear Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Commercial Aircraft Landing Gear Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Commercial Aircraft Landing Gear Market Size and Volume Forecast by End Users
     11.4.1. Safran SA
     11.4.2. Raytheon Technologies Corporation
     11.4.3. Honeywell International Inc.
     11.4.4. AAR Corporation
     11.4.5. Meggitt PLC
     11.4.6.
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Commercial Aircraft Landing Gear Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Commercial Aircraft Landing Gear Market: Market Share Analysis
  12.2. Commercial Aircraft Landing Gear Distributors and Customers
  12.3. Commercial Aircraft Landing Gear Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)