According to UnivDatos, the growing demand for high-efficiency landing gear systems is set to drive the expansion of the global aircraft landing gear market. As per the Global Aircraft Landing Gear Market report, the market was valued at USD 23,078.01 million in 2023 and is expected to grow at a CAGR of 4.19% during the forecast period 2024–2032, reaching USD million by 2032.
Aircraft landing gear refers to the undercarriage system that supports an aircraft during landing, take-off, taxiing, and ground operations. It bears the aircraft’s weight while on the ground and stabilizes it when parked. Most modern aircraft are equipped with retractable wheeled landing gear, which reduces aerodynamic drag during flight. These systems are engineered to be highly robust, capable of absorbing significant impact loads during landing. With the rising demand for both commercial and military aircraft worldwide, the need for advanced and durable landing gear systems continues to grow steadily.
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Rising Demand for New Military Aircraft
Increasing geopolitical tensions, modernization of air forces, and rapid advancements in air warfare technologies have significantly boosted demand for 4.5-generation and fifth-generation fighter aircraft across major defense markets such as the United States, China, Russia, India, Indonesia, and France. This trend is further supported by rising defense budgets and increased capital expenditure allocations by governments.
Several recent developments highlight this trend:
- In 2023, India’s Defense Acquisition Council approved the procurement of 97 additional Tejas fighter jets and 156 Prachand attack helicopters, domestically manufactured at an estimated cost of USD 13 billion.
- In January 2024, the French government announced the acquisition of 42 additional upgraded Rafale fighter jets for approximately USD 5.5 billion, with deliveries scheduled between 2027 and 2032.
The increasing procurement of military aircraft directly supports demand for OEM-supplied aircraft landing gear systems. Additionally, military aircraft operate under extreme environmental and operational conditions, leading to accelerated wear and tear. This significantly boosts aftermarket demand for landing gear maintenance, repair, and replacement over the aircraft lifecycle.
Rise of Commercial Aviation
The global commercial aviation sector has witnessed robust growth, driven primarily by the expanding middle-class population in developing economies, rising disposable incomes, and increased promotion of air travel services. To capitalize on this growth, major airlines have announced large-scale aircraft procurement programs.
For example:
- In 2024, EVA Airways Corp of Taiwan announced the purchase of 33 Airbus A320 aircraft valued at USD 10.1 billion, aimed at reducing carbon emissions and supporting the airline’s sustainability objectives.
- In the same year, Air China announced plans to procure approximately 100 domestically manufactured C919 aircraft from the Commercial Aircraft Corporation of China (COMAC).
The growing need to accommodate rising passenger traffic is prompting aircraft manufacturers to expand production capacities. This surge in commercial aircraft manufacturing is expected to generate substantial demand for aircraft landing gear systems throughout the forecast period.
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Market Outlook
With rising aircraft production rates, increasing fleet sizes, and sustained demand from both military and commercial aviation sectors, the aircraft landing gear market is expected to witness steady and sustained growth during 2024–2032. The combined impact of OEM demand, aftermarket servicing needs, and technological advancements in lightweight and high-performance landing gear systems will further strengthen market expansion.
Conclusion
The global aircraft landing gear market is undergoing a transformative phase, driven by technological advancements, increasing aircraft deliveries, digitalization of maintenance operations, sustainability initiatives, and supportive government policies. Industry stakeholders are increasingly focusing on enhancing operational efficiency, durability, and lifecycle management of landing gear systems. As landing gear continues to play a critical role in ensuring aircraft safety, performance, and fleet readiness, embracing innovation and adapting to evolving aviation demands will be essential for sustained growth in the global aircraft landing gear market.
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