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Aircraft Landing Gear Market Size, Share & COVID-19 Impact Analysis, By Type (Nose Landing Gear and Main Landing Gear), By Platform (Fixed-Wing, Rotary Wing), By Arrangement (Tail Wheel, Tandem, and Tri-Cycle), By Component (Retraction System, Brakes & wheels, Steering, and Others), By End-User (OEM and Aftermarket), and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI101815

 

KEY MARKET INSIGHTS

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The global aircraft landing gear market size was USD 11.55 billion in 2019 and is projected to reach USD 20.15 billion by 2027, exhibiting a CAGR of 11.78% during the forecast period.


The landing gear is one of the critical subsystems of an aircraft that demands smooth actuation and improved safety. The growth of this market can be attributed to the growing commercial aviation sector and the expansion of aircraft fleet by airlines. Moreover, the latest trend in the design and development of aircraft involving the replacement of hydraulic and pneumatic systems with electronic & electric systems is expected to boost market growth during the forecast period.


Recently, in July 2020, Safran Landing Systems, a supplier of landing gear for the 787 Dreamliner, integrated the 2020 ecoDemonstrator with a landing gear noise reduction system. These systems are considered as next-generation landing gears specifically designed and developed for modern long-haul aircraft.


COVID-19 Impact: Declining Air Passenger Traffic to Severely Affect Market


The COVID-19 outbreak has shattered the global aviation industry owing to the declining air passenger traffic. Overall, 51% of airline seats were reduced due to the pandemic, which caused a decrease of almost 2,888 million passengers, resulting in a potential loss of approximately 391 billion USD of airline revenue, as stated by the International Civil Aviation Organization (ICAO). Governmental restrictions on trade and travel along with the decreased demand for air travel among passengers have led to a huge revenue drop in the aviation industry. Thus, several airlines have canceled orders for new aircraft.


Moreover, the unavailability of staff due to lockdown in many countries has affected the supply chain. Major players such as Airbus SE have lowered their aircraft production rate. In June 2019, the CEO of Airbus announced that there will be a 40% drop in production and deliveries than originally planned. The implications of canceled orders and halted supply chains are expected to affect the aircraft landing gear market growth.


LATEST TRENDS


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Increasing Adoption of Composite Materials for Landing Gear to Aid Expansion  


Composites in the aerospace industry have offered remarkable benefits such as corrosion resistance, lightweight components, increased durability, and low manufacturing costs. Moreover, the growing need for lightweight aircraft has generated considerable demand for composite components that provide high strength and lightweight properties. Furthermore, mounting concerns over reducing carbon emissions have augmented the demand for improving aircraft efficiency, which has further spurred the adoption of composite materials.


Manufacturers such as GKN Aerospace and SGL Carbon SE are focused on the design and development of retraction systems using carbon fiber. For instance, in January 2020, SGL Carbon SE announced the commencement of serial production of aircraft landing gear systems using braided carbon fiber material. The systems are expected to be installed in 500 air taxis across the world over the next two years.


DRIVING FACTORS


Rising GDP Growth in Emerging Economies to Increase Demand for Air Travel


There has been a rise in the disposable income of individuals owing to the economic growth in developing countries such as India and China. The rapidly expanding middle-class population in these countries is a major reason for the growing number of air passengers. According to the International Air Transport Association (IATA), the number of passengers traveling by air is expected to double to 8.2 billion by 2037. The high demand for air travel has led airlines to expand their aircraft fleet, which is expected to boost the market growth. Moreover, the increased flight hours are also likely to fuel the demand for aircraft landing gear.  


Increasing Procurement of New Generation Aircraft to Foster Growth


The procurement of new generation aircraft has increased owing to their improved features and fuel-efficiency. Moreover, the rising demand for fleet expansion has led to an increase in new aircraft orders, which is expected to propel the market for aircraft landing gear. Furthermore, the increasing spending for military aircraft by countries to strengthen defense capabilities is also expected to aid the growth of the market. Lastly, the rise in the adoption of UAVs for military operations is expected to support and driving the market growth.


Rising Demand for Replacement & Modernization of Aircraft to Propel Market Growth


Landing gear components such as brakes, wheels, actuation systems, and others require continuous maintenance service as they undergo frequent wear & tear. The rising flight hours of an aircraft have led to an increase in landing gear maintenance and refurbishment, which is expected to spur opportunities for maintenance, repair, and overhaul (MRO) operators. Moreover, the increasing national defense budgets to modernize aircraft fleet by replacing the conventional landing gear systems with technologically advanced systems are predicted to further support the adoption of aircraft landing gear systems.


RESTRAINING FACTORS


Safety Concerns Related to Landing Gear Systems to Hamper Market Growth


Landing gear systems experience a tremendous amount of force while take-off and landing. A slight mishap in the extension or retraction of the landing gear can lead to major aircraft disasters. In recent times, there have been a few airplane accidents, mostly at the time of aircraft landing, which has reiterated the risks surrounding landing gear systems. For instance, in May 2019, an aircraft belonging to Myanmar National Airlines failed to deploy its landing gear on time. Fortunately, the pilot was able to successfully land the airplane on its nose and save people’s lives. Landing gear deployment failure incidents have led manufacturers to improve gear designs in order to prevent such mishaps.  


SEGMENTATION


By Type Analysis


Rise in Commercial Aircraft Deliveries to Fuel Demand for Main Landing Gear


Based on type, the market is divided into nose landing gear and main landing gear. The main landing gear segment was estimated to be the largest segment in 2019, owing to the increased aircraft deliveries in Asian countries. The nose landing gear segment, on the other hand, is anticipated to grow at a higher CAGR during the forecast period owing to the development of advanced steering systems to facilitate the smooth steering of an aircraft.


By Platform Analysis


Rotary-Wing Segment to Experience Significant Growth Backed by Heavy Demand for Military Helicopters


Based on platform, the market is classified into fixed-wing and rotary-wing aircraft types. The fixed-wing category is further segmented into commercial aircraft, business aircraft, military aircraft, regional jet, general aviation aircraft, and fixed-wing UAVs. The rotary-wing category is further divided into military helicopters, commercial helicopters, and rotary UAVs.


The fixed-wing segment is projected to be the largest segment during the forecast period owing to the rising number of commercial aircraft deliveries underpinned by the increasing demand for low-cost carriers. For instance, in October 2020, SKY Express, a Greek airline, placed an order for four Airbus A320neo aircraft.


The rotary-wing segment is predicted to be the fastest-growing segment during the forecast period, owing to the increased demand for helicopters from the defense sector in major Asian economies.  For instance, in February 2020, India signed a deal worth USD 3.67 billion with the U.S. for the provision of 24 MH-60 Sikorsky Romeo multi-role helicopters and 6 Apache attack helicopters.


By Arrangement Analysis


Tri-Cycle Segment to Hold the Highest Market Share; Increased Commercial Aircraft Orders to Aid Segmental Growth


Based on arrangement type, the market is classified into the tail wheel, tandem, and tri-cycle. The tri-cycle segment is predicted to hold the largest market share in 2019 as it is the most commonly used landing gear arrangement in commercial aircraft. Due to the increased commercial aircraft orders and deliveries, this segment is expected to dominate the market during the forecast period.


The tandem segment is anticipated to grow at a higher rate owing to the developing military aviation fleets and rising budgets for the procurement of next-generation fighter jets. Military aircraft use the tandem landing gear arrangement as it provides additional stability to the aircraft.


By Component Analysis


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Retraction System Segment to Dominate Backed by Increased Flight Hours


Based on components, the market is divided into retraction systems, brakes & wheels, steering, and others. The retraction system segment is anticipated to dominate the market and grow at a high CAGR during the forecast period. This growth can be attributed to the rise in demand for replacement or repairing of retraction systems owing to increased flight hours of aircraft.


The brakes & wheels segment is expected to witness significant growth during the forecast period. The growth can be attributed to the increased flight hours of an aircraft as a result of the high demand for air travel. The decreasing lifespan of wheels & brakes due to increasing wear & tear is expected to support the segment’s growth. Rising research and development activities in aircraft steering systems are expected to fuel the growth of the segment.


By End-User Analysis


OEM to be the Largest Segment as Airlines Focus on Fleet Expansion Activities


Based on end-user, the market segments include OEM and aftermarket. The OEM segment is predicted to lead the market during the forecast period due to the expansion of aircraft fleet by airlines in Asia Pacific and the Middle East. Increasing passenger traffic has led airlines to expand their aircraft fleet, which will fuel the growth of the market.


The aftermarket segment is expected to witness substantial growth owing to the increased number of flights per aircraft, thus decreasing the lifecycle of the landing gear.


REGIONAL INSIGHTS


North America Aircraft Landing Gear Market Size, 2019 (USD Billion)

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The global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North American market size stood at USD 4.49 billion in 2019. The region is anticipated to dominate the aircraft landing gear market share during the forecast period owing to the presence of key players such as Collins Aerospace. Moreover, the presence of leading aircraft manufacturers such as the Boeing Company and Bombardier Inc. is one of the major reasons for the growth of the market in the region.


Asia Pacific is expected to be the fastest-growing region owing to the increased defense spending on military aviation. Moreover, rising passenger traffic from emerging economies such as China and India will further boost regional market growth.


The Middle East & Africa region is expected to show significant growth through the forecast period owing to the increased orders for new aircraft by airlines in the UAE and Saudi Arabia. The growing tourism industry in the region is predicted to increase air passenger traffic, which, in turn, is expected to drive the growth of the landing gear market.


KEY INDUSTRY PLAYERS


GKN Aerospace to Set New Standard with Its Composite Landing Gear Development


GKN Aerospace, with its investments in the research & development of composite manufacturing processes, is expected to bolster its position in the market. Together with the National Dutch Aerospace Laboratory, GKN is focused on developing automated composite manufacturing plants, having the largest robotic fiber braiding machines in Europe, with an aim to save costs and time. With strategic acquisitions and partnerships, the company is focused on growing its capabilities.


Moreover, other major players such as AAR Corporation, Safran SA, Collins Aerospace, and others are focused on transforming their products to offer cost-effective systems to their customers.


LIST OF KEY COMPANIES PROFILED:



  • AAR Corporation (The US)

  • Alaris Aerospace (The US)

  • CIRCOR International Inc. (The US)

  • Collins Aerospace (The US)

  • GKN Aerospace (The UK)

  • Hawker Pacific Aerospace (The US)

  • Heroux-Devtek Inc. (Canada)

  • Liebherr Group  AG (Germany)

  • Magellan Aerospace Corporation (Canada)

  • Safran SA (France)

  • SPP Canada Aircraft Inc. (Canada)

  • Triumph Group Inc. (The US)


KEY INDUSTRY DEVELOPMENTS:



  • In July 2021, Southwest Research Institute (SwRI) and the University of Dayton Research Institute was awarded 20-year Indefinite Delivery Indefinite Quantity (IDIQ) contract worth USD 300 million by the U.S. Air Force for sustaining the structural and functional integrity of aircraft landing gear systems under Landing Gear Integrity Program.

  • In May 2021, Héroux-Devtek Inc. received life-cycle contract from Dassault Aviation to design, develop, and produce landing gear system for the new Falcon 10X aircraft. The contract also includes aftermarket services and delivery of spare parts.

  • In May 2021, Safran Landing Systems was selected by Bell Textron Inc. to deliver landing gear system for the V-280 Valor aircraft.

  • In March 2021, Magellan Aerospace Corporation was awarded contract extension by the Boeing Company for supply of landing gear kits and other complex structural components for the 737, 767, and 777 airplanes. 


REPORT COVERAGE


An Infographic Representation of Aircraft Landing Gear Market

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The aircraft landing gear market report provides a detailed industry analysis and focuses on key aspects such as leading companies, types of landing gear, and leading applications. Moreover, the report offers insights into the current market trends and highlights key industry developments. In addition to the factors mentioned above, the market report encompasses several direct and indirect factors that have contributed to the growth of the market over recent years.


Report Scope & Segmentation


























































  ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD billion)



Segmentation



  Type; Platform; Arrangement;


Component; End-User and Geography



By Type


 




  • Nose Landing Gear

  • Main Landing Gear



By Platform


 




  • Fixed-Wing

    • Commercial Aircraft

    • Business Aircraft

    • Military Aircraft

    • General Aviation Aircraft

    • Fixed-Wing UAVs



  • Rotary-Wing

    • Military Helicopter

    • Commercial Helicopter

    • Rotary UAVs





By Arrangement


 




  • Tail Wheel

  • Tandem

  • Tri-Cycle



By Component


 




  • Retraction System

  • Breaks and Wheels

  • Steering

  • Others



By End-User


 




  • OEM

  • Aftermarket



By Geography


 




  • North America

    • By Type

    • By Platform

    • By Arrangement

    • By Component

    • By End-User

    • By Country

      • The U.S.

        • By Type



      • Canada

        • By Type







  • Europe

    • By Type

    • By Platform

    • By Arrangement

    • By Component

    • By End-User

    • By Country

      • The U.K.

        • By Type



      • Germany

        • By Type



      • France

        • By Type



      • Italy

        • By Type



      • Russia

        • By Type



      • Rest of Europe

        • By Type







  • Asia Pacific

    • By Type

    • By Platform

    • By Arrangement

    • By Component

    • By End-User

    • By Country

      • China

        • By Type



      • Japan

        • By Type



      • India

        • By Type



      • Australia

        • By Type



      • Rest of Asia-Pacific

        • By Type







  • The Middle East & Africa

    • By Type

    • By Platform

    • By Arrangement

    • By Component

    • By End-User

    • By Country

      • The UAE

        • By Type



      • Saudi Arabia

        • By Type



      • South Africa

        • By Type



      • Rest of the Middle East & Africa

        • By Type







  • Latin America

    • By Type

    • By Platform

    • By Arrangement

    • By Component

    • By End-User

    • By Country

      • Brazil

        • By Type



      • Mexico

        • By Type



      • Rest of Latin America

        • By Type









Frequently Asked Questions

Fortune Business Insights says that the global market size for aircraft landing gear was USD 11.55 billion in 2019 and is projected to reach USD 20.15 billion by 2027.

The market is projected to grow at a CAGR of 11.78% during the forecast period (2020-2027).

The fixed-wing segment is expected to be the leading segment in this market during the forecast period.

Safran SA is the leading player in the global market.

North America held the highest market share in 2019.

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Aircraft Landing Gear Market Size, Share and Global Industry Trend Forecast till 2026
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