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Commercial Aircraft Landing Gear Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The commercial aircraft landing gear market is segmented by Procurement (Landing Gear Type, and Aircraft Type), MRO (Replacement, Repair), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). The report offers market size and forecasts for the commercial aircraft landing gear market in value (in billion) for all the above segments.

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Market Snapshot

Commercial Aircraft Landing Gear Market Overview
Study Period:

2018 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

4.18 %

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Market Overview

The commercial aircraft landing gear market is valued at USD 14.72 billion in 2020 and is anticipated to register a CAGR of 4.18% during the forecast period to reach USD 20.13 billion by 2026.

Over the years, there is an increase in aircraft orders from various airlines around the world. This is primarily due to an increase in the number of passengers opting for air travel. The COVID-19 pandemic affected the air passenger traffic globally in 2020, by reducing the air travel demand, dampening the flight activity, and impacting the airline cash flows. The reduced flight activity in 2020 has led to a reduction in the demand for landing gear MRO. On the other hand, though several airlines have deferred their commercial aircraft orders, the large-scale backlog with the aircraft OEMs is expected to generate the demand for landing gear manufacturing during the forecast period.

Aircraft manufacturers are focusing on the weight reduction of the aircraft as it enhances fuel efficiency and increases the profits for the airlines. Correspondingly, there is a growing demand for lightweight landing gear systems, which is forcing the manufacturers to adopt new technologies and materials for developing the landing gear assemblies. At the same time, with the growing adoption of electrical systems in aviation, major landing gear OEMs are replacing hydraulic systems with electrical systems, in order to enhance performance, while reducing weight.

The introduction of new aircraft models in the aviation industry is expected to push the landing gear manufacturers to invest in newer technologies and develop sophisticated landing gear systems. The focus is currently on areas like corrosion resistance, noise reduction, additive manufacturing, use of composites and other materials for weight reduction, shift toward electric architecture, integration of various types of sensors, among others. Technological advancement will support the growth of the market during the forecast period.

Scope of the Report

Landing gears provide a suspension system to the aircraft during taxiing, take-off, and landing, while also facilitating braking and direction control through the provisions of integrating supportive systems for the aircraft. The scope of the study includes both line fit and retrofit aspects of the market. The market sizing is based on new deliveries of commercial aviation aircraft and the replacement and repair of landing gear assemblies during the forecast period. 

Procurement
Landing Gear Type
Main Landing Gear
Nose Landing Gear
Aircraft Type
Narrow-body Aircraft
Wide-body Aircraft
Regional Aircraft
MRO
Replacement
Repair
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Main Landing Gear Segment Held the Largest Market Share in 2020

In segmentation by landing gear type, the main landing gear segment held the largest market share in 2020. The main landing gear bears the whole weight of the aircraft, during the first impact. Hence, the number of tires used in them are more compared to the nose landing gears. Also, the manufacturing of the main landing gear involves more costs due to a higher number of parts, compared to the nose landing gears. Thus, the revenues from this segment are more compared to the nose landing gears segment. Wide-body aircraft and large freighter aircraft are the main revenue generators for the segment, as they require large main landing gear equipment to support the weight of the aircraft. The cost of purchasing a new landing gear, MRO, and aftermarket costs for the multi-bogey landing gear used in wide-body aircraft is high. For instance, in the A380, the world’s largest commercial aircraft, the main landing gear consists of 20 wheels on a whole. The main landing gear assembly of the aircraft is the largest and most complex ever developed for a commercial aircraft. Thus the cost per unit landing gear assembly of main landing gear is higher due to a larger number of subsystems involved, resulting in higher revenues for the segment.

Commercial Aircraft Landing Gear Market_Segmentation

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Asia-Pacific Region is Expected to Grow with the Highest CAGR During the Forecast Period

The growth of the commercial aviation industry is projected to be the highest in the Asia-Pacific region. With a high passenger traffic growth, several airlines in the region have ordered new commercial aircraft in recent years. A major portion of the deliveries of commercial aircraft is expected to be in the Asia-Pacific region during the forecast period. Correspondingly, the demand for new commercial aircraft landing gear is also expected to be highest from the Asia-Pacific in the years to come. China's commercial aviation sector has made great strides in the past five years and further improvements are expected in the coming years. China crossed the United States to become the largest aviation market in 2020. Chinese state-owned aerospace manufacturer, COMAC, has launched the ARJ21 aircraft in 2015 and is planning to make the first delivery of C919 in 2021. Liebherr LAMC Aviation Co. Ltd is the supplier of landing gear for the ARJ21 program and also home to the assembly line for C919 landing gear struts. The growing fleet size in China has also generated significant demand for MRO services in the country. On the other hand, as of 2019, India was the second-fastest growing aviation market in the Asia-Pacific region. The international and domestic air passenger traffic in India had more than doubled between 2010 to 2019. The increasing air passenger traffic forced some of the airlines in India to expand their fleet size. Currently, the Indian airlines are operating domestic flights at around 80% of their pre-COVID levels and are expected to reach their pre-COVID levels by March 2021. Airlines in India are mostly dependent on foreign MRO players for landing gear MRO services. With the construction of new regional and international airports in the coming years and the growth in fleet size, there is a huge potential for the commercial aircraft landing gear MRO market to grow in the country. In addition to China and India, the aviation industries in several other countries in the region are also expected to recover faster than the countries in other regions due to a large domestic demand, thereby helping the growth of the related commercial aircraft landing gear market in the years to come.

Commercial Aircraft Landing Gear Market Geography

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Competitive Landscape

The market for commercial aircraft landing gear is highly fragmented, due to the presence of many MRO players in the market. The market includes landing gear system suppliers, component providers, landing gear integrators, and MRO providers. Safran SA, Raytheon Technologies Corporation, Honeywell International Inc., AAR Corporation, and Meggitt PLC are some of the prominent players in the market. With the forecasted trend for growth in the market for landing gear (and related equipment) in the coming years, companies are expanding their production capacities and capabilities to cater to the demand. For instance, in February 2020, Collins Aerospace Systems announced its plan to construct a new landing systems facility in Fort Worth, Texas, and to expand its carbon brake manufacturing facility in Spokane, Washington. The expansion of its carbon brake manufacturing facility in Pueblo, Colorado, is currently underway. Landing gear suppliers are also investing in the research and development of advanced lightweight landing gear systems, to increase the fuel efficiency of aircraft, as well as noise-reducing devices and electric landing gear systems (to reduce carbon emissions of aircraft). SPP, in collaboration with JAXA, Kawasaki Heavy Industries, and Mitsubishi Aircraft Corporation, is involved in FQUROH (flight demonstration of quiet technology to reduce noise from high-lift configurations), which aims to design and manufacture noise reduction devices attached to the main landing gear. Landing gear manufacturers and assemblers are entering partnerships and collaborations with each other to increase their maintenance and support capabilities and to serve customers in new geographical locations. In addition to the efforts of manufacturers and assemblers, MRO providers are also actively investing in the enhancement of their presence in the market, by constructing new landing gear maintenance facilities and entering long-term partnerships with airlines and aircraft operators. Such investments are expected to propel the growth prospects of companies in the coming years.

Commercial Aircraft Landing Gear Market Cl.png

Recent Developments

  • In December 2020, Liebherr-Aerospace announced that it had been awarded a contract by Austrian Airlines to provide landing gear overhaul to 17 Embraer E-Jet E195 aircraft of the airline. The overhaul work was planned to begin by the end of December 2020 at its Lindenberg facility.
  • In July 2020, Safran Landing Systems announced that it had developed advanced landing gear noise reduction technology as a part of Boeing’s 2020 ecoDemonstrator. The new technology is designed to decrease landing gear noise by approximately 20%.
  • In January 2020, Magellan Aerospace Corporation announced that it had signed an agreement (worth approximately CAD 52 million) with Collins Aerospace Systems to provide nose landing gear assemblies for B737 aircraft. The contract is expected to run through 2024, from Magellan’s facility in Kitchener, Ontario.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Challenges

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Procurement

      1. 5.1.1 Landing Gear Type

        1. 5.1.1.1 Main Landing Gear

        2. 5.1.1.2 Nose Landing Gear

      2. 5.1.2 Aircraft Type

        1. 5.1.2.1 Narrow-body Aircraft

        2. 5.1.2.2 Wide-body Aircraft

        3. 5.1.2.3 Regional Aircraft

    2. 5.2 MRO

      1. 5.2.1 Replacement

      2. 5.2.2 Repair

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 France

        3. 5.3.2.3 Germany

        4. 5.3.2.4 Spain

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Mexico

        3. 5.3.4.3 Rest of Latin America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 South Africa

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Héroux-Devtek Inc.

      2. 6.2.2 CIRCOR International Inc.

      3. 6.2.3 Magellan Aerospace Corp.

      4. 6.2.4 Triumph Group Inc.

      5. 6.2.5 Safran SA

      6. 6.2.6 Raytheon Technologies Corporation

      7. 6.2.7 Sumitomo Precision Products Co. Ltd

      8. 6.2.8 AAR Corp.

      9. 6.2.9 Liebherr-International Deutschland GmbH

      10. 6.2.10 Honeywell International Inc.

      11. 6.2.11 Revima Group

      12. 6.2.12 Meggitt PLC

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Commercial Aircraft Landing Gear Market market is studied from 2018 - 2026.

The Commercial Aircraft Landing Gear Market is growing at a CAGR of 4.18% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Safran SA
  • Raytheon Technologies Corporation
  • Honeywell International Inc.
  • AAR Corporation
  • Meggitt PLC

Are the major companies operating in Commercial Aircraft Landing Gear Market.

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