The aircraft brake system market size has been growing steadily in recent years. It is projected to grow from $10.29 billion in 2024 to $11.18 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. Key factors propelling this growth include aircraft fleet expansion, regulatory standards, commercial air travel, and military modernization.
Strong growth is expected to continue in the aircraft brake system market. It is forecasted to reach $15.51 billion in 2029, expanding at a CAGR of 8.5%. The growth can be attributed to factors such as technological advancements, electro-mechanical braking, advanced friction materials, wireless brake monitoring, and advanced anti-skid technology.
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What is Driving Growth in the Aircraft Brake System Market?
The growth of aircraft brake system market is fueled by the expansion of commercial and defense aircraft fleets. As these fleets expand, the demand for brake systems increases, both for new installations and for replacement of existing systems. It is estimated that the global commercial fleet will exceed 49,000 airplanes by 2040. This increased size of commercial and defense aircraft fleets is thus a significant factor driving the aircraft braking system market.
What Are the Key Segments in the Aircraft Brake System Market?
* By Component: Braking System Components, Brakes, Wheels
* By Actuation: Power Brake, Boosted Brake, Independent Brake
* By Brake Type: Carbon Breaks, Steel Breaks, Others
* By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
* By End-User: Commercial Aircraft, Defense Aircraft
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Which Major Players are Dominating the Aircraft Brake System Market?
Some of the significant players in the aircraft brake system market include Honeywell International Inc., Safran Landing Systems, Raytheon Technologies Corporation, Parker-Hannifin Corporation, Crane Aerospace & Electronics., Beringer Aero a subsidiary of Beringer SAS, MATCO Manufacturing Inc., Grove Aircraft Landing Gear Systems Inc., Jay-Em Aerospace & Machine Inc., Bauer Inc., Nasco Aircraft Brake Inc., AAR Corp., Lufthansa Technik AG, UTC Aerospace Systems, Dunlop Aircraft Tyres Ltd., Goodyear Aviation., Michelin Aircraft Tire Company LLC., Aircraft Braking Systems Corporation., Carlisle Companies Incorporated, Rapco Fleet Support Inc., SGL Carbon SE, Wilwood Engineering Inc., Brembo S.p.A., Hindustan Aeronautics Limited, Magellan Aerospace Corporation, Meggitt Aircraft Braking Systems Corporation.
What are the Emerging Trends in the Aircraft Brake System Market?
Strategic collaborations and partnerships are shaping the aircraft brake system market. These partnerships facilitate partners to build innovative solutions, enter new markets, and pool valuable resources. The partnership between UK-based electronics manufacturer company TT Electronics and US-based motion and control technology company Parker Hannifin corporation is one such instance, focusing on the production of complex electronic assemblies for commercial aircraft braking systems through 2027.
Which Region is Projected to Have the Fastest Growth in the Aircraft Brake System Market?
In 2024, North America was the largest market for aircraft brake systems. However, the fastest growth is projected for the Asia-Pacific region. Market insights across other regions such as Western Europe, Eastern Europe, South America, Middle East, and Africa are also covered in the report.
What is the Definition of the Aircraft Brake System Market?
The aircraft brake system is used to halt a moving aircraft by converting kinetic energy to heat energy through friction between discs located in the brake systems in the wheels. This system is critical during take-off, landing, and taxiing to stop the airplanes within the specified length of the runway. The Aircraft Brake System Market research report provides detailed insights including global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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