Commercial Aircraft Landing Gear Market to Grow with a CAGR of 6.68% through 2030
The Global Commercial Aircraft Landing
Gear Market is driven by increasing air travel demand,
fleet modernization, technological advancements, and a focus on safety and efficiency.
According to
TechSci Research report, “Commercial Aircraft Landing Gear Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
The
global Commercial Aircraft Landing Gear
Market was valued at USD 2.84 Billion in 2024 and is expected to reach USD 5.63
Billion by 2030 with a CAGR of 6.68% during the forecast period. The
global Commercial Aircraft Landing Gear market is driven by several key
factors, including the increasing demand for air travel, which requires fleet
expansion and modernization. Airlines are upgrading their fleets to meet
passenger growth, necessitating advanced landing gear systems. Technological
advancements, such as lightweight materials, enhanced braking systems, and
smart technologies, are improving the performance and safety of landing gear,
driving innovation in the market. Government investments in aviation
infrastructure and regulatory measures promoting safety and sustainability also
contribute to the market's growth. Also, the rising focus on operational
efficiency, fuel savings, and extended aircraft lifespan further boosts demand
for advanced landing gear systems.
Rising
business travel is a significant driver for the global Commercial Aircraft
Landing Gear market. As businesses expand globally, the demand for frequent air
travel increases, pushing airlines to invest in modern fleets that can
accommodate the growing number of business passengers. This trend leads to a
higher need for advanced landing gear systems capable of handling increased
flight frequencies, heavier aircraft, and more demanding operational
conditions. Business travel's growth, coupled with the need for efficiency and
performance, encourages airlines to prioritize the modernization of their
fleets, directly boosting demand for innovative, high-performance landing gear
solutions.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on
"Global Commercial Aircraft Landing Gear Market.”
The global Commercial
Aircraft Landing Gear Market is segmented into gear position, component,
aircraft type, arrangement and region.
Based
on gear position,
Nose Landing segment is the
fastest-growing segment in the global Commercial Aircraft Landing Gear market,
driven by the increasing demand
for aircraft safety and performance. The nose landing gear supports the
aircraft's front portion during take-off, landing, and taxiing, playing a
critical role in stability and steering. As airlines modernize their fleets
with newer, more advanced aircraft, the need for enhanced nose landing gear
systems with greater durability, weight efficiency, and advanced shock
absorption technologies has risen. This growing demand for improved safety and
operational efficiency is fuelling the rapid growth of the nose landing gear
segment in the market.
Based
on region, Asia Pacific region is the fastest-growing segment in the global Commercial
Aircraft Landing Gear market, driven by the rapid expansion of the aviation
industry in countries like China, India, and Japan. As air travel demand
increases in emerging economies, airlines in this region are significantly
expanding their fleets to accommodate both domestic and international
passengers. This growth requires advanced landing gear systems capable of
handling larger and more frequent aircraft operations. Also, increasing
investments in airport infrastructure, fleet modernization, and the rising
presence of local aircraft manufacturers further contribute to the demand for
high-performance landing gear solutions in the Asia Pacific region. This trend
is expected to continue, making the region a key driver in the global market.
Major companies
operating in the Global Commercial Aircraft Landing Gear Market are:
- AAR
CORP
- Advantage
Aviation Technologies
- Eaton
Corporation plc
- Héroux-Devtek
- Honeywell
International Inc.
- Magellan
Aerospace Corporation
- Liebherr-International
Deutschland GmbH
- Magnaghi
Aeronautica S.P.A.
- Sumitomo
Precision Products Co., Ltd
- Safran
S.A.
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“The global Commercial Aircraft Landing
Gear Market is driven by the increasing government support in fostering the
growth of the air travel industry, which directly impacts the Commercial
Aircraft Landing Gear Market. Governments worldwide are investing in aviation
infrastructure, such as modernizing airports and improving air traffic control
systems, to accommodate the increasing number of flights. In addition, many
governments offer subsidies, incentives, and financial assistance to airlines
for fleet expansion and modernization, which drives demand for advanced landing
gear systems. Also, regulatory bodies like the FAA and EASA enforce stringent
safety standards, encouraging the adoption of high-performance landing gear to
meet compliance. These factors contribute to a strong, expanding demand for
commercial aircraft landing gear systems.,.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“Commercial Aircraft
Landing Gear Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Gear
Position (Main Landing, Nose Landing), By Component (Landing Gear Steering
System, Wheel & Brake System, Actuation System, Others), By Aircraft Type(Narrow-Body,
Wide Body, Regional Jet, Others), By Arrangement (Tricycle, Tandem, Tailwheel), By Region, By Competition, 2020-2030F”,
has evaluated the future growth potential of global Commercial Aircraft Landing
Gear Market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global Commercial
Aircraft Landing Gear Market.
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