What is Global Landing Gear Market?
The Global Landing Gear Market is a vast and dynamic sector that encompasses a wide range of products and services. It refers to the industry that manufactures and sells landing gears, which are crucial components of any aircraft. These gears are responsible for supporting the aircraft while it is on the ground, absorbing the shock during landing, and enabling the aircraft to taxi, take-off, and land safely. The market is global in nature, meaning it involves companies from all over the world, both manufacturing and supplying landing gears to the aviation industry. The market's value was estimated to be US$ 4556 million in 2022, and it is projected to grow and reach a value of US$ 6015 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period of 2023-2029.
Strut Landing Gear, Rocker Landing Gear, Framed Landing Gear, Pontoon Landing Gear in the Global Landing Gear Market:
The Global Landing Gear Market is segmented into various types based on their design and functionality. These include Strut Landing Gear, Rocker Landing Gear, Framed Landing Gear, and Pontoon Landing Gear. Strut Landing Gear, the largest segment in the market, holds about 45% of the market share. It is a type of landing gear that uses a strut or shock absorber, which absorbs the shock of the aircraft landing. Rocker Landing Gear, on the other hand, uses a rocking mechanism to absorb the shock of landing. Framed Landing Gear is a type of gear that is built into a frame, providing extra support and stability to the aircraft. Lastly, Pontoon Landing Gear is a type of landing gear that is used for aircraft that land on water. It includes pontoons or floats that enable the aircraft to land and float on water.
Land Route, Waterway, Amphibious in the Global Landing Gear Market:
The Global Landing Gear Market also varies based on the type of terrain the aircraft is designed to land on. This includes Land Route, Waterway, and Amphibious. Land Route refers to traditional landing gears designed for aircraft that land on runways. These gears are typically robust and designed to withstand the high impact of landing on hard surfaces. Waterway refers to landing gears designed for seaplanes and other aircraft that land on water. These gears often include pontoons or other flotation devices. Lastly, Amphibious landing gears are designed for aircraft that can land both on land and water. These gears are typically more complex and versatile, capable of handling a variety of landing conditions.
Global Landing Gear Market Outlook:
To summarize the market outlook, the Global Landing Gear Market was valued at US$ 4556 million in 2022 and is expected to reach US$ 6015 million by 2029, growing at a CAGR of 4.0% during the forecast period of 2023-2029. The market is dominated by the top three manufacturers, who collectively hold over 50% of the market share. In terms of product type, Strut Landing Gear is the largest segment, accounting for about 45% of the market.
| Report Metric | Details |
| Report Name | Landing Gear Market |
| Accounted market size in 2022 | US$ 4556 in million |
| Forecasted market size in 2029 | US$ 6015 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | UTC Aerospace Systems, Héroux-Devtek Inc, Safran Landing Systems, APPH, Liebherr, CIRCOR Aerospace |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
