Aircraft Landing Gear Systems Market Overview
The aircraft landing gear systems market is estimated to register a CAGR of over 3.5%, during the forecast period. The increasing procurement of military aircraft, coupled with the demand for newer generation aircraft might propel the growth of the market for aircraft landing gear systems in the near future. Additionally, various new upcoming aircraft programs shall drive the demand for advanced, lightweight landing gears. Aircraft OEMs and landing gear manufacturers are heavily investing in the R&D of innovative technologies, and this is expected to lead to improved performance of landing gear systems. Advancements in material technology may provide various opportunities for the manufacturers of aircraft landing gear systems in the market.
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Aircraft Landing Gear Systems Market - Geographical Overview
The Asia-Pacific is generating the highest revenue in the aircraft landing gear systems market
Asia-Pacific is one of the most traveled air routes in the world. With a high passenger traffic growth, several airlines in the Asia-Pacific region ordered new commercial aircraft in recent years. A major portion of commercial aircraft deliveries is expected to be in Asia-Pacific during the forecast period. Correspondingly, the demand for new commercial aircraft landing gear is also expected to be highest in Asia-Pacific in the coming years. Even in the military sector, there is a growing demand for new military aircraft generated from the Asia-Pacific region, as major countries look to modernize their fleet and increase their capability. China is leading the recovery of global commercial aviation due to great domestic demand, helping the airlines witness financial recovery.
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Key Highlights of the Aircraft Landing Gear Systems Market
- Safran SA, Liebherr-International Deutschland GmbH, Raytheon Technologies Corporation (Collins Aerospace), Honeywell International Inc., and Heroux Devtek Inc., are among the major players that are expected to have significant shares in the aircraft landing gear systems market, during the forecast period.
- In October 2021, Héroux-Devtek Inc. announced that it has entered into an agreement with aircraft manufacturer Lockheed Martin for the development of landing gears for its next generation of defense aircraft. The new contract will focus on the development of a completely new generation of landing gears for the OEM.
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List of Key Players in the Aircraft Landing Gear Systems Market
- Heroux Devtek Inc.
- Liebherr-International Deutschland GmbH
- Raytheon Technologies Corporation (Collins Aerospace)
- Safran SA
- Melrose Industries
- Triumph Group Inc.
- Whippany Actuation Systems
- CIRCOR AEROSPACE PRODUCTS GROUP
- Honeywell International Inc.
- SPP Canada Aircraft Inc.
- Eaton Corporation PLC
- Magellan Aerospace Corp
*List Not Exhaustive
Mordor Intelligence has segmented the global aircraft landing gear systems market on the basis of aircraft type, gear position, and geography:
- Aircraft Type (Market Size & Forecast based on Revenue (USD billion), 2018-2026)
- Commercial Aviation
- Narrow-body Aircraft
- Wide-body Aircraft
- Regional Aircraft
- Military Aviation
- Combat Aircraft
- Non-Combat Aircraft
- Helicopters
- General Aviation
- Business Jet
- Turboprop Aircraft
- Piston Aircraft
- Helicopters
- Gear Position (Market Size & Forecast based on Revenue (USD billion), 2018-2026)
- Nose
- Undercarriage
- Geography (Market Size & Forecast based on Revenue (USD billion), 2018-2026)
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Latin America
- Brazil
- Rest of Latin America
- Middle-East and Africa
- United Arab Emirates
- Saudi Arabia
- Egypt
- Rest of the Middle East and Africa
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