Landing gear is one of the crucial subsystems of an aircraft that supports the entire weight of an aircraft during landing, take-off, and other ground operations. The type and design of a landing gear system depends on the aircraft type and its potential use. A typical landing gear system consists of various components such as brakes, controls, shock absorbers, retraction systems, and warning devices, among many others. This market study covers various types of aircraft landing gears such as tricycle, tandem, and tail wheel.
On a global scenario, commercial airplanes are anticipated to maintain a continuous growth over the coming years, regardless of various challenges faced by the commercial airlines such as uncertain fuel prices and other regulatory changes in various countries. In addition to this, the increasing investments in defense equipment across countries due to uncertain geo-political tensions are expected to drive the demand of military aircrafts during the forecast period of 2019 to 2027. All these factors and trends are anticipated to fuel the demand for aircraft landing gear in various geographies and offer future growth opportunities for market players operating in the global aircraft landing gear market.
The top five companies in the aircraft landing gear market include Safran S.A., Liebherr Group, HéROUX-DEVTEK INC., Collins Aerospace, and Triumph Group Inc. The above listing of key players is derived by considering multiple factors such as overall revenue, current aircraft landing gear solutions portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions and other joint activities.
There are various other notable players in the global aircraft landing gear market ecosystem such as Circor International, Inc., Sumitomo Precision Products Co., Ltd., GKN Aerospace Services Limited, AAR Corp., and Magellan Aerospace Corporation among others. In 2019, The Singaporean unit of the Safran Landing Systems, has bagged a contract to renovate the landing gear of six A330-200 aircraft of the national carrier, SriLankan Airlines. This tender was awarded for the period starting from August 1, 2019 to July 31, 2020. In the same year, Collins Aerospace announced that it won the contract to supply its ACES 5® ejection seat to Boeing for the U.S. Air Force contract, along with the platform's fully integrated landing gear system.