Commercial Aircraft Landing Gear Market Size, Share, Growth Analysis, By Aircraft type(Narrow-body, Wide-body, Regional jet, Others), By Gear Position(Main landing gear, Nose landing gear), By Component(Landing gear steering system, Wheel & brake system, Actuation system, Others), By Arrangement Type(Tricycle, Tandem, Tailwheel), By Region - Industry Forecast 2024-2031

The Global Commercial Aircraft Landing Gear Market size was valued at USD 2.75 Billion in 2022 and is poised to grow from USD 3.13 Billion in 2023 to USD 8.87 Billion by 2031, at a CAGR of 13.90% during the forecast period (2024-2031). 

The commercial aircraft landing gear market is characterized by increasing competition among industry participants across the value chain. Several companies are focusing on technological advancements to enhance the performance and efficiency of landing gear systems. Manufacturers are investing in research and development activities to introduce lightweight materials, electronic technologies, and innovative solutions. Additionally, companies are developing strategic partnerships and collaborations to expand their market presence and leverage synergies. The intense competition in the market is driving innovation and pushing companies to differentiate their offerings to gain a competitive edge.  'CIRCOR Aerospace Products Group (US) ', 'ARR (US) ', 'Eaton (US) ', 'Heroux-Devtek (Canada) ', 'Honeywell International Inc. (US) ', 'Magellan Aerospace Corporation (Canada) ', 'Liebherr, MAG Inc. (US) ', 'Sumitomo Precision Products Co., Ltd. (SPP) (Japan) ', 'Safran Landing Systems (France) ', 'Triumph Group (US) ', 'Whippany Actuation Systems (US) ', 'Safran (France) ', 'Collins Aerospace (US) ', 'Honeywell International Inc. (US) ', 'Liebherr-International AG (Switzerland) ', 'Eaton Corporation (Ireland) ', 'Triumph Group Inc. (US) ', 'Heroux-Devtek Inc. (Canada) ', 'CIRCOR International, Inc. (US) ', 'GKN Aerospace (UK) ', 'Heroux-Devtek (Canada) ', 'AAR Corp. (US) ', 'Parker Hannifin Corporation (US) ', 'Magellan Aerospace (Canada) ', 'Meggitt PLC (UK) ', 'SPP Canada Aircraft, Inc. (Canada) ', 'Whippany Actuation Systems LLC (US) '

Increasing demand for new airliners 

One key market trend in the commercial aircraft landing gear industry is the increasing focus on lightweight materials and advanced technologies. Manufacturers are striving to develop landing gear systems that are lighter in weight, yet maintain durability and strength. This trend is driven by the industry's need for fuel efficiency and improved performance. Additionally, there is a growing emphasis on the integration of electronic technologies, such as sensor-based systems and advanced control mechanisms, to enhance safety, reduce maintenance requirements, and optimize overall aircraft performance during landing and takeoff.

North America holds a dominant position due to several factors. The region is home to major aircraft manufacturers and has a well-established aviation industry. The presence of key players, such as Boeing and Airbus, contributes to the region's dominance. These companies have a strong foothold in North America and continuously innovate to meet the growing demand for commercial aircraft.