The Aircraft Brake System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Brake System Global Market Report 2024, 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
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.
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Top Major Players
Honeywell International Inc.,
Safran Landing Systems,
Raytheon Technologies Corporation,
Parker-Hannifin Corporation,
Crane Aerospace & Electronics
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
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 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
…………. - Global Aircraft Brake System Market Competitive Benchmarking
- Global Aircraft Brake System Market Competitive Dashboard
- 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
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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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