Overview and Scope
The aircraft brake system is a system used to stop a moving aircraft by converting kinetic energy to heat energy through friction between discs located in brake systems in the wheels. The aircraft brake system provides this critical function during take-off, landing, and taxiing to stop the airplanes within the specified length of the runway.
Sizing and Forecast
The aircraft brake system market size has grown strongly in recent years. It will grow from $9.64 billion in 2023 to $10.5 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to aircraft fleet expansion, regulatory standards, commercial air travel, the increase in global air travel, military modernization.
The aircraft brake system market size is expected to see strong growth in the next few years. It will grow to $14.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to electric and hybrid aircraft, urban air mobility, remote and unmanned aircraft, space tourism and exploration, green aviation initiatives. Major trends in the forecast period include technological advancements, electro-mechanical braking, advanced friction materials, wireless brake monitoring, advanced anti-skid technology
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Segmentation & Regional Insights
The aircraft brake system market covered in this report is segmented –
1) By Component: Braking System Components, Brakes, Wheels
2) By Acutation: Power Brake, Boosted Brake, Independent Brake
3) By Brake Type: Carbon Breaks, Steel Breaks, Others
4) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
5) By End-User: Commercial Aircraft, Defense Aircraft
North America was the largest region in the aircraft brake system market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft brake system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in fleet size of commercial and defense aircraft is expected to propel the growth of the aircraft brake system market going forward. The number of airplanes operated by a certain airline is referred to as the aircraft fleet. As the fleet grows, more braking systems must be installed in the aircraft, and existing braking systems need to be replaced. For instance, according to Boeing, a US-based aerospace company’s commercial market outlook 2021–2040, the global commercial fleet is expected to exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial and defense aircraft is driving the aircraft braking system market.
Key Industry Players
Major companies operating 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
The aircraft brake system market report table of contents includes:
1. Executive Summary
- Aircraft Brake System Market Characteristics
- Aircraft Brake System Market Trends And Strategies
- Aircraft Brake System Market – Macro Economic Scenario
- Global Aircraft Brake System Market Size and Growth
- Aircraft Brake System Market Segmentation
- Aircraft Brake System Market Regional And Country Analysis
……………
- Key Mergers And Acquisitions In The Aircraft Brake System Market
- Aircraft Brake System Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Aircraft Brake System Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Aircraft Brake System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Aircraft Brake System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………..
Table 74: Honeywell International Inc. Financial Performance
Table 75: Safran Landing Systems Financial Performance
Table 76: Raytheon Technologies Corporation Financial Performance
Table 77: Parker-Hannifin Corporation Financial Performance
Table 78: Crane Aerospace & Electronics. Financial Performance
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