PUBLISHER: IMARC | PRODUCT CODE: 1702108
PUBLISHER: IMARC | PRODUCT CODE: 1702108
The global commercial aircraft landing gear market size reached USD 9.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 18.6 Billion by 2033, exhibiting a growth rate (CAGR) of 6.95% during 2025-2033. The increasing air travel popularity, the expanding global aviation sector, rising aircraft production, technological advancements in lightweight materials, improved safety standards, and fuel efficiency, fleet modernization, aircraft upgrades, and the growing need for durable and efficient landing systems are some of the major factors propelling the market growth.
Commercial aircraft landing gears are a set of devices that are responsible for providing suspension and support to the aircraft during landing, taxiing and take-off. Primarily comprising of a brake system, shock absorbers, wheels, turning system, and undercarriage retractile system, these gears also facilitate braking and direction control via an integrated aircraft support system. Therefore, these gears significantly minimize the impact loads that are transmitted to the airframe. In addition to this, as they are lightweight, they offer improved airplane mobility and require low energy consumption. Typically powered by hydraulic or pneumatic systems, the most commonly used materials in the manufacturing of aircraft landing gears include corrosion-resistant and ultra-high strength alloy steel, titanium alloys, high-strength aluminum alloys and composites.
The market is primarily driven by the escalating demand for lightweight aircraft suspension systems. This can be attributed to the growing production of modern-generation commercial aircraft and an enhanced focus on sustainable development. In line with this, the rising demand for low cost and ultra-low-cost carriers, along with fleet expansion for commercial aircraft, is also acting as a significant growth-inducing factor for the market. The market is further driven by the routine landing gear maintenance and replacements due to the increasing flight hours of an aircraft and the augmenting passenger air traffic. In addition to this, numerous partnerships and collaborations by the major market players to facilitate service in geographically extended locations are providing an impetus to the market growth. Some of the other factors that are positively impacting the market include continual technological advancements, extensive research and development (R&D) activities, the emergence of new airline services, and the growing demand for military unmanned aerial vehicles (UAV) and aircraft.
The competitive landscape of the industry has also been examined along with the profiles of the key players being AAR Corp., Circor Aerospace Inc. (Circor International Inc.), Collins Aerospace (Raytheon Technologies Corporation), Heroux-Devtek Inc., Honeywell International Inc., Liebherr Group, Magellan Aerospace Corporation, Mecaer Aviation Group, Revima Group, Safran S.A., Sumitomo Precision Products Co. Ltd. and Triumph Group Inc.