Aircraft Landing Gear Market Value Is Anticipated To Reach $22.08 Billion By 2029, Driven By Key Growth Factors

 How Significant Is The Future Market Potential Of The Aircraft Landing Gear Market Based On Its Projected Size And Growth Rate?

 The aircraft landing gear market size has grown strongly in recent years. It will grow from $14.46 billion in 2024 to $15.81 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to the increased adoption of lighter and robust landing gears, increased raw material costs, a rise in air travel, strong economic growth in emerging markets, and increased military spending.

 
 The aircraft landing gear market size is expected to see strong growth in the next few years. It will grow to $22.08 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to an increase in passenger air traffic, growing urbanization, and growing demand for new fighter jets in developing countries. Major trends in the forecast period include 3D printed landing gears, active landing gears, new facility expansions, development of new technological solutions, focus on mergers and acquisitions, focus on advanced landing gears, focus on partnerships and collaborations, and focus on strategically investing to expand products portfolio.
 
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 Which Major Drivers Are Strengthening Demand In The Aircraft Landing Gear Market?
 The increase in procurement of modern-generation aircraft is expected to propel the growth of the aircraft landing gear market. Due to increasing demand for commercial and cargo aircraft worldwide and increasing investments in defense equipment across countries, the demand for landing gear is increasing, which is expected to drive the aircraft landing gear market. For instance, in December 2023, according to the International Air Transport Association, a Canada-based trade association of the world’s airlines, The number of new aircraft deliveries is projected to increase significantly, with 1,777 expected in 2024, followed by a further rise to 2,075 in 2025. Thus, the increasing procurement of modern-generation aircraft is driving the growth of the aircraft landing market.
 
 How Is The Aircraft Landing Gear Market Divided Across Its Major Segment Categories?
 The aircraft landing gear market covered in this report is segmented — 
 
 1) By Gear Type: Main Landing Gear, Nose Landing Gear
 2) By Aircraft Type: Fixed Wing, Rotary Wing
 3) By End User: OEM, Aftermarket
 
 Subsegments:
 1) By Main Landing Gear: Tricycle Gear, Tailwheel Gear, Nose Landing Gear 
 2) By Nose Landing Gear: Single Wheel Nose Gear, Dual Wheel Nose Gear 
 
 What Major Trends Are Set To Shape The Aircraft Landing Gear Market Outlook Through The Forecast Period?
 Major companies operating in the aircraft landing gear market are focusing on technological advancements such as electric nose landing gear actuators to enhance efficiency, reduce weight, and support the transition to sustainable aviation. An electric nose landing gear actuator is a device that controls the steering and extension/retraction of an aircraft’s nose landing gear using electric power rather than traditional hydraulic systems. For instance, in July 2022, Safran Landing Systems, a France-based manufacturer of aircraft landing gear and involved in the design, development, manufacture, and customer support of all types of aircraft landing gear, wheels, and brakes, unveiled its pioneering electric nose landing gear actuator at the Farnborough International Airshow, designed to optimize aircraft electrification by replacing traditional hydraulic systems with electro-hydrostatic actuators powered by an electric motor pump. This innovative system not only enhances actuation power while reducing weight and maintenance complexities but also aligns with Safran’s commitment to sustainability and the development of low-carbon aviation solutions. 
 
 Which Influential Players Dominate The Competitive Environment Of The Aircraft Landing Gear Market?
 Major companies operating in the aircraft landing gear market include Safran S.A., Raytheon Technologies Corporation, Heroux-Devtek Inc, Melrose Industries plc, Parker Hannifin Corporation, Triumph Group Inc., Liebherr-International AG, Sumitomo Precision Products Co. Ltd., AAR Corp., Eaton Corporation, Aircraft Landing Gear Co. Ltd, SPP Nagasaki Engineering Co. Ltd, Kawasaki Aerospace Company, AVIC Aircraft Landing Gear Co. Ltd, Commercial Aircraft Corporation of China Ltd, Meggitt PLC, Airbus S.A.S, ZF Luftfahrttechnik, ThyssenKrupp AG, United Aircraft Corporation, IRKUT Corporation, PZL Warszawa, Sukhoi, Collins Aerospace, Magellan Aerospace Corporation, Boeing Co. 
 
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 Which Regions Demonstrate The Highest Growth Momentum In The Aircraft Landing Gear Market?
 North America was the largest region in the aircraft landing gear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft landing gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
 
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