Aircraft Landing Gear Market
Global Aircraft Landing Gear Market Size, Share & Trends Analysis Report, by Landing Gear Type (Main Landing Gear, and Nose Landing Gear) by Arrangement (Tail Wheel-Type Landing Gear, Tandem Landing Gear, and Tricycle-Type Landing Gear), by Aircraft Type (Narrowbody, Widebody, and Regional Jet), and by End-User (OEM, and Aftermarket) Forecast Period (2022-2028)
The global aircraft landing gear market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period. The increased passenger air traffic and growing flight hours of an aircraft have led to an increase in gear maintenance or replacements, which is anticipated to spur opportunities for aftermarket and MRO operators. For instance, in august 2021, Alliance Airlines received USD 60 million in jobs and regional growth funding to organize a new MRO facility at Rockhampton. This will generate spur new opportunities for avionics, wheels, tires, brakes and landing gear, and cabin accessories suppliers and vendors in the supply chain.
Impact of COVID-19 Pandemic on Global Aircraft Landing Gear Market
The COVID-19 pandemic has witnessed a significant decline in the global aircraft landing gear market due to the overall reduction of air passenger traffic. Some airlines have shut down and several airlines have canceled orders for new aircraft due to financial pressures. For instance, in February 2021, Norwegian and Airbus signed an agreement to cancel outstanding aircraft orders. Nearly 88 aircraft, including the long-range A321LR, are no longer delivered.
Segmental Outlook
The global aircraft landing gear market is segmented based on the landing gear type, arrangement, aircraft type and end-user. Based on the landing gear type, the market is segmented into main landing gear, and nose landing gear. Based on the arrangement, the market is sub-segmented into the tail wheel-type landing gear, tandem landing gear, and tricycle-type landing gear. Based on the aircraft type, the market is sub-segmented into the narrowbody, widebody, and regional jet. Based on the end-user, the market is sub-segmented into the OEM, and aftermarket. The above mentioned segments can be customized as per the requirements. The aftermarket segment is anticipated to cater a significant share in the global aircraft landing gear market due to the requirement for timely maintenance, repair, and overhaul (MRO) services mainly replacements of parts and systems.
Global Aircraft Landing Gear Market Share by Landing Gear Type, 2021 (%)
The Main Landing Gear Segment is Expected Holds the Prominent Share in the Global Aircraft Landing Gear Market
The main landing gear segment is expected to hold a prominent share in the global aircraft landing gear market due to growing aircraft deliveries and technological advancements. For instance, in April 2021, Magellan obtain a contract extension for the delivery of its landing gear components for Boeing 737, 767, and 777. The main landing gear assembly of the aircraft is the largest and most complicated ever developed for a commercial aircraft. Thus, the cost per unit landing gear assembly of the main landing gear is high due to a larger number of subsystems involved.
Regional Outlooks
The global aircraft landing gear market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement. The North American region is expected to cater a significant share in the global aircraft landing gear market due to rise in the adoption of UAVs for military operation. For instance, in July 2021, United Airlines placed an order of a 270 Boeing 737 Max and Airbus A320s aircraft to replace its existing mainline and regional mainline fleet, which will be 11.0% more power efficient.
Global Aircraft Landing Gear Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold the Prominent Share in the Global Aircraft Landing Gear Market
The Asia-Pacific region is expected to hold a prominent share in the global aircraft landing gear market due to due to growing domestic demand, thereby supporting the growth of the related commercial aircraft. Initiatives taken by countries, like India and China, to initiate indigenous manufacturing capabilities will gradually support the MRO segment within the commercial aircraft landing gear market. For instance, in October 2021, the aerospace unit of Wipro Infrastructure Engineering inaugurated a 25,000 sq ft precision manufacturing facility in Bengaluru. The facility will be utilized to mass manufacture aircraft landing gear components and hydraulic actuators.
Market Players Outlook
The major companies serving the global Aircraft Landing Gear market include Meggitt PLC., AAR CORP, Honeywell International Inc., Safran Landing Systems, Raytheon Technologies Corp, Advantage Aviation Technologies, CIRCOR International, Inc. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In June 2021, Triumph Group declared that its Actuation Products & Services operating company will offer hydraulic utility actuation valves (HUAVs) to Lockheed Martin to assist F-35 fleet readiness at the Marine Corps Air Station (MCAS) Cherry Point. The Clemmons, North Carolina based Triumph facility will offer engineering and material support for the program over the next five years, bolstering the company's efforts to grow defense contract programs.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aircraft landing gear market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Aircraft Landing Gear Market
• Recovery Scenario of Global Aircraft Landing Gear Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Meggitt PLC.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. AAR Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Honeywell International Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Safran Landing Systems
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Raytheon Technologies Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Aircraft Landing Gear Market by Landing Gear Type
4.1.1. Main Landing Gear
4.1.2. Nose Landing Gear
4.2. Global Aircraft Landing Gear Market by Arrangement
4.2.1. Tail Wheel-Type Landing Gear
4.2.2. Tandem Landing Gear
4.2.3. Tricycle-Type Landing Gear
4.3. Global Aircraft Landing Gear Market by Aircraft Type
4.3.1. Narrowbody
4.3.2. Widebody
4.3.3. Regional Jet
4.4. Global Aircraft Landing Gear Market by End-User
4.4.1. OEM
4.4.2. Aftermarket
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Advantage Aviation Technologies
6.2. CIRCOR International, Inc.
6.3. Eaton Corp plc
6.4. GKN Aerospace Services Ltd.
6.5. Héroux-Devtek
6.6. Liebherr-International Deutschland GmbH
6.7. Magellan Aerospace Corp
6.8. McFarlane Aviation, LLC
6.9. SPP Canada Aircraft, Inc.
6.10. SUMITOMO PRECISION PRODUCTS Co., Ltd.
6.11. Triumph Group, Inc.
1. GLOBAL AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY LANDING GEAR TYPE, 2021-2028 ($ MILLION)
2. GLOBAL AIRCRAFT MAIN LANDING GEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL AIRCRAFT NOSE LANDING GEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY ARRANGEMENT, 2021-2028 ($ MILLION)
5. GLOBAL AIRCRAFT TAIL WHEEL-TYPE LANDING GEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL AIRCRAFT TANDEM LANDING GEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL AIRCRAFT TRICYCLE-TYPE LANDING GEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY AIRCRAFT TYPE, 2021-2028 ($ MILLION)
9. GLOBAL AIRCRAFT LANDING GEAR FOR NARROWBODY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AIRCRAFT LANDING GEAR FOR WIDEBODY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL AIRCRAFT LANDING GEAR FOR REGIONAL JET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
13. GLOBAL AIRCRAFT LANDING GEAR IN OEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL AIRCRAFT LANDING GEAR IN AFTERMARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY LANDING GEAR TYPE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY ARRANGEMENT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY AIRCRAFT TYPE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
21. EUROPEAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY LANDING GEAR TYPE, 2021-2028 ($ MILLION)
23. EUROPEAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY ARRANGEMENT, 2021-2028 ($ MILLION)
24. EUROPEAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY AIRCRAFT TYPE, 2021-2028 ($ MILLION)
25. EUROPEAN AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY LANDING GEAR TYPE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY ARRANGEMENT, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY AIRCRAFT TYPE, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
31. REST OF THE WORLD AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
32. REST OF THE WORLD AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY LANDING GEAR TYPE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY ARRANGEMENT, 2021-2028 ($ MILLION)
34. REST OF THE WORLD AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY AIRCRAFT TYPE, 2021-2028 ($ MILLION)
35. REST OF THE WORLD AIRCRAFT LANDING GEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AIRCRAFT LANDING GEAR MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AIRCRAFT LANDING GEAR MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL AIRCRAFT LANDING GEAR MARKET, 2022-2028 (%)
4. GLOBAL AIRCRAFT LANDING GEAR MARKET SHARE BY LANDING GEAR TYPE, 2021 VS 2028 (%)
5. GLOBAL AIRCRAFT MAIN LANDING GEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL AIRCRAFT NOSE LANDING GEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL AIRCRAFT LANDING GEAR MARKET SHARE BY ARRANGEMENT, 2021 VS 2028 (%)
8. GLOBAL AIRCRAFT TAIL WHEEL-TYPE LANDING GEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL AIRCRAFT TANDEM LANDING GEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL AIRCRAFT TRICYCLE-TYPE LANDING GEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL AIRCRAFT LANDING GEAR MARKET SHARE BY AIRCRAFT TYPE, 2021 VS 2028 (%)
12. GLOBAL AIRCRAFT LANDING GEAR FOR NARROWBODY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL AIRCRAFT LANDING GEAR FOR WIDEBODY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL AIRCRAFT LANDING GEAR FOR REGIONAL JET MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL AIRCRAFT LANDING GEAR MARKET SHARE BY END-USER, 2021 VS 2028 (%)
16. GLOBAL AIRCRAFT LANDING GEAR IN OEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL AIRCRAFT LANDING GEAR IN AFTERMARKET MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL AIRCRAFT LANDING GEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. US AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
20. CANADA AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
21. UK AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
22. FRANCE AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
23. GERMANY AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
24. ITALY AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
25. SPAIN AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF EUROPE AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
27. INDIA AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
28. CHINA AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
29. JAPAN AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD AIRCRAFT LANDING GEAR MARKET SIZE, 2021-2028 ($ MILLION)
