The invention relates to a new method and system for health monitoring of aircraft landing gear. The system includes sensors that are attached to the landing gear structure and equipment (e.g., one or more of brakes, tires, hydraulics, electrical systems and switches) and analyzed to report and alert personnel such as pilots, maintenance personnel, airline operators, ground crew and regulatory authorities of the health of the landing gear and the potential need for service, maintenance or replacement. The system monitors and reports critical health issues as real-time information which can be analyzed in conjunction with an extensive database of information and used to alert pilots or other relevant personnel to the condition of the landing gear and actions that may be required as a result.