Global Aircraft Brake System Market Insights and Forecast 2024-2033

Aircraft Brake System Market Outlook 2024-2033: Trends and Projections

Aircraft Brake System Market Expansion 2024-2033: Growth Drivers and Dynamics

Global Aircraft Brake System Market Analysis 2024: Size Forecast and Growth Prospects

Aircraft Brake System Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies

Global Aircraft Brake System Market Overview 2024: Size, Growth Rate, and Segments

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The aircraft brake system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Aircraft Brake System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
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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Scope Of Aircraft Brake System Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Aircraft Brake System Market Overview

Market Drivers –
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.

Market Trends –
Strategic partnerships and collaborations are shaping the aircraft brake system market. Strategic partnerships and collaborations facilitate partners to build innovative solutions for their customers, enter into new markets, and pool valuable expertise and resources. For instance, in May 2021, HAECO Group, a Hong Kong-based aircraft engineering company has extended its long-term partnership with AeroLogic GmbH, a Germany-based cargo airline. Under the terms of the deal, HAECO will maintain AeroLogic’s Boeing 777-200 freighter fleet, which currently consists of 18 Boeing 777F aircraft. Also, in April 2021, Honeywell, a US-based company that manufactures the aircraft brake system has entered a ten-year license and parts supply agreement with GKN Aerospace’s Fokker Landing Gear business in the Netherlands. Under this partnership, GKN Aerospace will overhaul, repair, and provide maintenance for Honeywell’s brakes and wheels. GKN Ltd is a UK-based company that builds, supplies, and develops innovative aerospace systems, components, and sustainable technologies.

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

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Regional Insights –
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.

Key Companies –
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

Table of Contents
1. Executive Summary
2. Aircraft Brake System Market Report Structure
3. Aircraft Brake System Market Trends And Strategies
4. Aircraft Brake System Market – Macro Economic Scenario
5. Aircraft Brake System Market Size And Growth
…..
27. Aircraft Brake System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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