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Aerospace Landing Gear Market Share

Report ID: GMI2343
Published Date: Dec 2020
Report Format: PDF

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Aerospace Landing Gear Market Share

With the increasing demand for fifth-generation fighter aircraft, many manufacturers are collaborating with fifth-generation aircraft manufacturers to provide their products in the future. The market is highly competitive with the presence of multiple small & large market players worldwide. Industry leaders are engaged in partnerships with aircraft manufacturers or with aircraft service providers to gain a competitive edge over other companies.

Some of the key companies operational in the aerospace landing gear market are :

Heroux-Devtek, Inc
Safran landing Systems
SPP Canada Aircraft, Inc
Triumph Group
UTC Aerospace Systems
Magellan Aerospace
Liebherr Group
Hawker Pacific Aerospace
GKN Aerospace
Eaton Corporation

Major industry participants are focusing on improving their presence in the aftermarket and MRO services markets.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market for aerospace landing gears was pegged at USD 18.6 billion in 2019 and is estimated to witness over 4.9% CAGR up to 2026.

The industry share from the commercial segment had reached USD 15 billion in 2019 with the gradual expansion in aircraft production to cater to the rising air travel worldwide.

The OEM distribution channel held close to 60% of the aerospace landing gear market share in 2019 and will gain traction with increase in the demand for military aircraft across the globe.

North America aerospace landing gear industry size will record more than 4.5% CAGR over 2020-2026 owing to an increase in aircraft orders for manufacturers like Lockheed Martin and Boeing.