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Aircraft Landing Gear Market Size, Share Global Analysis Report, 2020–2026
Aircraft Landing Gear Market By Product Type (Nose Landing Gear and Main Landing Gear) and By Application (Military Aviation and Commercial Aviation): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
According to the report published by Facts & Factors, the global Aircraft Landing Gear market size was worth around USD 10,152 million in 2019 and is predicted to grow around USD 13,590 million by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Aircraft Landing Gear industry. The report analyzes and declares the historical and current trends analysis of the Aircraft Landing Gear industry and subsequently recommends the projected trends anticipated to be observed in the Aircraft Landing Gear market during the upcoming years.
The Aircraft Landing Gear market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Aircraft Landing Gear market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- According to an interview with industry participants, an increase in demand for fighter aircraft as well as unmanned aerial vehicles (UAVs) in defense and military sectors have driven the target market growth
- Target market generated around USD 9,715 Million in 2018
- North America was the leading revenue generated region, generating around USD 5,142 Million in 2018
- Main landing gear and commercial aviation categories of type and application segments were the leading ones in 2018
- The number of regional jets has been augmented due to the rise in the number of travel. This has surged the target market
Key Recommendations from Analysts
- As per our analyst, an increase in the demand for lightweight landing gear may propel the target market over the forecast period
- Target market is expected to generate revenue of around USD 13,590 Million in 2026
- Target market is anticipated to grow at CAGR of around 4%
- North America is anticipated to continue its dominance in 2026, generating revenue of around USD 7,096 Million
- Main landing gear and commercial aviation categories of type and application segments are estimated to continue their dominance in 2026
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Aircraft Landing Gear industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Aircraft Landing Gear industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Aircraft Landing Gear market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Aircraft Landing Gear industry. The Aircraft Landing Gear market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Aircraft Landing Gear sector. Key strategic developments in the Aircraft Landing Gear market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Aircraft Landing Gear market are appropriately highlighted in the report.
Increasing demand for aircraft as well as military unmanned aerial vehicles has driven the target market growth. In addition, an increase in passenger traffic across the globe associated with aircraft has boosted the target market growth as well. Moreover, the rise in demand for lightweight landing gear may create opportunities for the target market.
The key players operating in the target market are focusing on strategic acquisitions and mergers. This is done to expand the product portfolio as well as surge market position. This factor is augmenting the target market growth as well.
The Aircraft Landing Gear market research report delivers an acute valuation and taxonomy of the Aircraft Landing Gear industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Aircraft Landing Gear industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Aircraft Landing Gear industry is provided for the leading economies of the world.
The Aircraft Landing Gear market is segmented based on Type and Application. On the basis of product type segmentation, the market is classified into nose landing gear and main landing gear. In terms of Application segmentation, the market is bifurcated into military aviation and commercial aviation.
Report Scope
Report Attribute |
Details |
Market Size in 2018 |
USD 9,715 Million |
Projected Market Size in 2026 |
USD 13,590 Million |
CAGR Growth Rate |
4.0% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Liebherr-International AG, Magellan Aerospace Corporation, Sika Interplant Systems Limited, Safran S.A., Triumph Group Inc., United Technologies Corporation, Héroux-Devtek Inc., GKN Aerospace Services Ltd., SPP Canada Aircraft, Inc., Circor International, Inc., Eaton Corp. Plc, Parker-Hannifin Corp., Whippany Actuation Systems, Mecaer America Inc, and others. |
Key Segment |
By Drive Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Some of the essential players operating in the Aircraft Landing Gear market include
- Liebherr-International AG
- Magellan Aerospace Corporation
- Sika Interplant Systems Limited
- Safran S.A.
- Triumph Group Inc.
- United Technologies Corporation
- Héroux-Devtek Inc.
- GKN Aerospace Services Ltd.
- SPP Canada Aircraft Inc.
- Circor International Inc.
- Eaton Corp. Plc
- Parker-Hannifin Corp.
- Whippany Actuation Systems
- Mecaer America Inc
- and others
The taxonomy of the Aircraft Landing Gear Market by its scope and segmentation is as follows:
By Type Segmentation Analysis (Customizable)
- Nose Landing Gear
- Main Landing Gear
By Application Segmentation Analysis (Customizable)
- Military Aviation
- Commercial Aviation
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Liebherr-International AG
- Magellan Aerospace Corporation
- Sika Interplant Systems Limited
- Safran S.A.
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