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
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 .
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.
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Attributes |
Details |
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Report Title |
Commercial Aircraft Landing Gear Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Landing Gear Types (Main Landing Gears and Nose Landing Gears), Aircraft Types (Narrow body, Wide body, and Regional Jet) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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.
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.
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 (000’ 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)