The Aircraft Landing Gear Market size is projected to reach US$ 13.88 billion by 2031 from US$ 8.85 billion in 2023. The market is expected to register a CAGR of 5.8% in 2023–2031. One of the major trends in the aircraft landing gear market is the demand-driven from the aftermarket due to the constantly rising fleet of commercial and civil aircraft models worldwide. In general, the service life of the landing gear for commercial airplanes for overhaul is between 200 to 400 landing cycles depending upon the weight of the aircraft models. Further, the rise in several older aircraft that require C/D checks during maintenance is another major factor likely to drive the market for aircraft landing gear market from 2023 to 2031.
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Top Key Major Players:
- Safran
- Liebherr Group
- Héroux-Devtek Inc
- Collins Aerospace
- Triumph Group Inc
- Circor International Inc
- Sumitomo Precision Products Co Ltd
- GKN Aerospace Services Limited
- AAR Corp
- Magellan Aerospace Corporation