Commercial Aircraft Landing Gear Market Size

Commercial Aircraft Landing Gear Market Analysis

The Commercial Aircraft Landing Gear Market size is estimated at USD 3.14 billion in 2024, and is expected to reach USD 5.37 billion by 2029, growing at a CAGR of 11.31% during the forecast period (2024-2029).

The expansion of major airlines' fleet sizes and the rapid growth of the commercial aviation sector are expected to drive demand for new airliners and, as a result, landing gear. Due to the increased production of next-generation aircraft, the civil aviation sector is expected to grow significantly. Improvements in global economic conditions increased global air passenger traffic.

Airlines across developed economies, such as the US and Germany, face growing competition from LCCs, as these carriers are transforming older, fuel-inefficient airplanes with new economic single-aisle models. Moreover, increased demand for replacing aging airliners, especially in emerging markets, is expected to further drive the need for commercial airplanes over the forecast period.

However, challenges such as increasing energy costs, expensive raw materials, and US dollar inflation are expected to restrain the industry's growth in the future.

Airplane manufacturers now use lightweight materials, electronic technologies, and innovative solutions to optimize overall aircraft performance during touchdowns and reduce aircraft downtime. These new systems require a lower degree of maintenance than their traditional counterparts. The increasing need for more fuel-efficient and eco-friendly airliners to replace the older ones is expected to drive the industry over the forecast period.