The revenue generated by the commercial aircraft landing gear market was USD 3,166.7 million in 2023. It is projected to grow at a compound annual growth rate of 13.9% from 2024 to 2030, reaching USD 7,847.9 million by 2030. This is mainly due to the fast development of the commercial aviation industry. This boosts the need for landing gear as it is directly proportional to the count of aircraft being procured by airlines.

Fundamentally, the development of the economies of nations has augmented air traffic throughout the globe, therefore increasing the count of commercial aircraft needed. Moreover, new landing gear technology is swapping the older ones in the future and retrofitted aircraft in order to cater to the new guidelines and safety standards of the aviation sector.

In 2023, the main bifurcation had the larger industry share, of approximately 75%. The reason for this is the surge in the count of air passengers. The main landing gear tolerates the maximum weight of the airplane while landing and taking off. It has stronger and better components in comparison to the one under the nose, allowing it to manage more stress while landing. This is vital for guaranteeing the safe operation of commercial aircraft, making the main landing gear a critical component.

The narrow-body aircraft segment accounted for approximately 35% of the market share in 2023. The surge in demand for narrow-body planes is anticipated due to the rise in high-density flights connecting major airports and the growth in passenger traffic on low-cost carriers (LCCs). Meanwhile, widebody aircraft are projected to experience the highest growth rate during the forecast period.

In the end-user segment, OEMs grip the larger industry share, and they are also projected to witness a higher development rate in the projection period. The category is propelled by the fleet expansion initiatives of airlines, which include buying lightweight, fuel-effective aircraft.

In 2023, the tricycle category held the largest revenue share, of approximately 50%. It is preferred due to improved visibility while taking off and landing. Thus, the VFR mode allows the pilot to have accuracy manoeuvring the aircraft exactly what he wants. In a tricycle landing gear type setup, there is no cause for a tail wheel spinner which helps to reduce the weight of the aircraft, thereby lowering the manufacturing as well as maintenance cost.

North America generated the largest revenue share in the market because it is the residence of key aircraft makers, like Lockheed Martin, Boeing, and Airbus. Furthermore, numerous of the world’s largest carriers in terms of fleet size, such as United Airlines, American Airlines, Southwest Airlines, United Airlines, and Delta Airlines, are headquartered in the U.S., and they have a huge domestic and international network.