According to the latest market research study published by P&S Intelligence, the commercial aircraft landing gear market generated USD 3,166.7 million in revenue in 2023 and is set to skyrocket to USD 7,847.9 million by 2030, advancing at a remarkable CAGR of 13.9% between 2024 and 2030. This impressive growth is primarily fueled by the expansion of the global commercial aviation sector, where rising passenger traffic and fleet modernization efforts are increasing the demand for new aircraft—and, in turn, new landing gear systems.
With global economies recovering and air travel surging, airlines are rapidly upgrading and expanding their fleets to meet passenger demands. Simultaneously, regulatory shifts and safety enhancements are driving the replacement of older landing gear systems with advanced alternatives. These systems incorporate innovative materials and actuation technologies, aligning with the industry's focus on lightweight, power-efficient, and highly durable components that improve performance and ensure compliance with new aviation safety standards.
Key Insights
- The main landing gear accounted for approximately 75% of the global market share in 2023, as it bears the majority of the aircraft’s weight during take-off and landing. Its robustness and size make it critical for operational safety.
- The nose gear is anticipated to grow faster during the forecast period, due to advancements in upcoming aircraft models that demand more durable and sustainable landing gear systems.
- In terms of aircraft type, narrow-body aircraft held the largest share (around 35%) in 2023, driven by the rising popularity of high-density, low-cost carrier flights.
- Wide-body aircraft, known for their fuel efficiency on long-haul routes, represent the fastest-growing aircraft type, spurring innovation in landing gear to support larger, more efficient models.
- OEMs (original equipment manufacturers) dominate the end-user segment, both in market share and growth rate. This is a result of airline fleet expansions, such as Air India’s order of 470 aircraft and Indigo’s order of 500 aircraft, highlighting the surge in new aircraft purchases.
- In terms of arrangement type, tricycle landing gear led the market in 2023 with a 50% share, favored for its design simplicity, weight advantages, and enhanced pilot visibility during take-off and landing.
- The tandem landing gear segment is poised for the fastest growth, especially for aircraft requiring flexible wing designs or operating on water, such as seaplanes.
- North America emerged as the largest regional market, home to aviation giants like Boeing and major carriers such as American Airlines and Delta. Fleet modernization and expansion continue to unlock growth in this region.
- Asia-Pacific (APAC) is expected to record the fastest growth, driven by rising incomes, expanding middle-class air travel demand, and increasing affordability of flights in developing economies like China and India.
- Technological innovations are reshaping the market, with companies exploring carbon-fiber-reinforced polymers (CFRP) and advanced actuation systems that are lighter, corrosion-resistant, and more power-efficient.
- Liebherr-Aerospace’s main landing gear for the Airbus A220 is a notable example, utilizing high-strength steel to resist corrosion and foreign object damage.
- Industry leaders such as Safran Landing System, Héroux-Devtek, and RTX Corporation are focusing heavily on maintenance, repair, and overhaul (MRO) services, strengthening their aftermarket offerings.
- The market remains consolidated, with a few key players dominating. Their established global supply chains and continuous R&D investments are setting high entry barriers for new entrants due to the complexity and safety-critical nature of landing gear design.
- Recent developments include TISICS’ launch of Light Land, a high-strength composite for landing gear, and Triumph Group’s LANDOne project, which is advancing electro-mechanical actuation technologies with support from UK Innovate.
- MRO collaborations, such as the Lufthansa Technik–Emirates agreement for base maintenance and gear overhaul, underscore the growing emphasis on operational reliability and performance longevity in modern fleets.
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