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The Aircraft Braking System Market Size was valued at USD 6.75 billion in 2023 and is expected to reach USD 9.19 billion by 2032 and grow at a CAGR of 3.5% over the forecast period 2024-2032.
The aircraft brake system is used to slow or stop the aircraft's motion. Aircraft brakes are discs that are operated hydraulically or pneumatically. There are various types of aircraft brake systems, such as single disc, dual disc, multiple disc, and rotor-disc brakes. A properly designed aircraft brake can withstand a variety of adverse conditions and keep the plane from flying at excessive speeds. The development of aircraft braking systems necessitates extensive engineering and computation. The vast majority of aircraft brake systems are manufactured in accordance with predetermined standards. Global organizations, such as the Federal Aviation Administration, govern aircraft tire standards.
MARKET DYNAMICS
KEY DRIVERS
Growing operations of commercial aircraft
Increasing Air-traffic
RESTRAINTS
High Maintenance cost
Degradation of quality of brake material through corrosion
OPPORTUNITIES
Rising commercial aircraft demand
Providing MRO
lighter aircraft brake system
CHALLENGES
Emerging market player
Enhancements to the aviation industry
Steel brakes are being replaced with carbon brakes
THE IMPACT OF COVID-19
The COVID's influence on the aviation brake system market is unknown, although it is projected to last until the second quarter of 2021.
The COVID-19 outbreak compelled governments to enforce tight lockdown measures, resulting in aircraft cancellations and a restriction on e-commerce services, resulting in a major drop in commercial aviation and logistical activity worldwide.
Furthermore, the lockdowns impacted the supply chain by forcing various industrial facilities throughout the world to partially or completely shut down their operations.
The negative effects of the COVID-19 epidemic caused massive supply–demand concerns and lengthy delays in aircraft brake system operations around the world.
By Aircraft Type
The unmanned aerial vehicles category is expected to develop at the fastest CAGR for the aeroplane braking system market during the forecast period. UAVs, often known as drones, are widely used in a variety of military duties such as border surveillance. They are also used for mapping, surveying, and determining local meteorological conditions. Certain remotely piloted unmanned aerial vehicles are intended to serve as loitering weapons for defense forces.
By Component
The actuators market is expected to be the most valuable. Actuators are utilized in braking systems to convert hydraulic fluid pressure into motion. Brake actuators move the piston to apply pressure on the discs together, causing friction and bringing the aeroplane to a halt. The majority of commercial aircraft brake actuators are hydraulic, while electrically driven electromechanical actuators are also available. The Airbus A220 previously known as the Bombardier C-series and Boeing 787 use electromechanical brakes.
By Distribution
Throughout the forecast period, the OEM industry is expected to grow. OEMs are responsible for installing braking systems in aircraft during the assembly stage, following which they are distributed to aircraft manufacturers. Throughout the years, demand for various aircraft types has expanded dramatically across regions.
By Actuation
The independent brake sector is expected to have the highest CAGR rate for the aircraft braking system market over the forecast period, based on actuation. The increasing demand for general aviation and regional aircraft can be attributable to the expansion of the independent brake segment of the aircraft braking system market.
By Aircraft Type
Fixed Wing
Rotary Wing
By Component
Wheels
Brake Discs
Brake Housing
Valves
Actuators
Accumulator
Electronics
By Distribution
OEM
Replacement
By Actuation
Power Brake
Boosted Brake
Independent Brake
REGIONAL ANALYSIS:
North America is expected to be the largest regional market for air braking systems at the time of forecasting. A key feature for North America, it is leading the market for the flight brake system due to the rapid growth of the technological braking system in the region. In North America, rising orders for aviation have prompted manufacturers of brake system to increase their sales year after year. The growing demand for commercial airlines and the presence of some of the leading players in the market, such as Crane Co., Parker-Hannifin Corporation, and Honeywell International, Inc., is expected to boost the North American airline system. These players are focused on R&D to expand their product lines and utilize advanced technology systems, sub-systems, and other components to produce an airplane braking system.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Safran, The Carlyle Johnson Machine Company, Lufthansa Technik AG, Meggitt PLC, Beringer Aero, Collins Aerospace, Crane Co., Honeywell International Inc., Parker-Hannifin Corporation, AAR Corp. & Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.75 Billion |
| Market Size by 2032 | US$ 9.19 Billion |
| CAGR | CAGR of 3.5% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Aircraft Type (Fixed Wing, Rotary Wing) • By Component (Wheels, Brake Discs, Brake Housing, Valves, Actuators, Accumulator, Electronics) • By Distribution (OEM, Replacement) • By Actuation (Power Brake, Boosted Brake, Independent Brake) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Safran, The Carlyle Johnson Machine Company, Lufthansa Technik AG, Meggitt PLC, Beringer Aero, Collins Aerospace, Crane Co., Honeywell International Inc., Parker-Hannifin Corporation, AAR Corp. |
| DRIVERS | • Growing operations of commercial aircraft • Increasing Air-traffic • New technologies |
| RESTRAINTS | • Safety • High Maintenance cost • Degradation of quality of brake material through corrosion |
The aircraft brake system is used to slow or stop the aircraft's motion. Aircraft brakes are discs that are operated hydraulically or pneumatically. There are various types of aircraft brake systems, such as single disc, dual disc, multiple disc, and rotor-disc brakes.
The market size for the Aircraft Braking System Market was valued at USD 6.75 billion in 2023.
Ans: The Aircraft Braking System Market is to grow at a CAGR growth of 3.5% during the forecast period 2024-2032.
The leading players in the Aircraft Braking System Market include Safran, The Carlyle Johnson Machine Company, Lufthansa Technik AG, Meggitt PLC, Beringer Aero, Collins Aerospace, Crane Co., Honeywell International Inc., Parker-Hannifin Corporation, AAR Corp.
North America region dominated the Aircraft Braking System Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aircraft Braking System Market, By Aircraft Type
8.1 Fixed Wing
8.2 Rotary Wing
9. Aircraft Braking System Market, By Component
9.1 Wheels
9.2 Brake Discs
9.3 Brake Housing
9.4 Valves
9.5 Actuators
9.6 Accumulator
9.7 Electronics
10. Aircraft Braking System Market, By Distribution
10.1 OEM
10.2 Replacement
11. Aircraft Braking System Market, By Actuation
11.1 Power Brake
11.2 Boosted Brake
11.3 Independent Brake
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13 Company Profiles
13.1 AAR Corp.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Beringer Aero
13.3 Collins Aerospace
13.4 Crane Co.
13.5 Honeywell International Inc.
13.6 Lufthansa Technik AG
13.7 Meggitt PLC
13.8 Parker-Hannifin Corporation
13.9 Safran
13.10 The Carlyle Johnson Machine Company
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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