Aircraft Braking System Market by Component (Accumulator, Actuators, Brake Discs), Brakes Type (Boosted Brake, Independent Brake, Power Brake), Deployment, End-user, Aircraft Type - Global Forecast 2024-2030

Aircraft Braking System Market by Component (Accumulator, Actuators, Brake Discs), Brakes Type (Boosted Brake, Independent Brake, Power Brake), Deployment, End-user, Aircraft Type - Global Forecast 2024-2030

The Aircraft Braking System Market size was estimated at USD 12.02 billion in 2023 and expected to reach USD 12.83 billion in 2024, at a CAGR 6.91% to reach USD 19.19 billion by 2030.

The aircraft braking system is critical for ensuring the safety and performance of aircraft during landing, takeoff, and taxiing operations. Braking systems are essential for ensuring aircraft can be securely slowed and brought to a stop during landing and for maintaining position during ground operations, including taxiing and parking. The primary application of aircraft braking systems is to decelerate and stop an aircraft safely during ground operations. The rise in global air traffic, advancements in brake technology, and stringent safety regulations imposed by aviation authorities have expanded the use of aircraft braking systems. Expanding military budgets and developing new aircraft models contribute to the growth of aircraft braking systems. The high cost of advanced material systems and stringent certification standards can limit the use of aircraft braking systems. Additionally, dependence on a limited number of suppliers for specialized components and stringent regulatory norms for aircraft braking systems pose significant challenges to the market. However, adopting new materials, such as carbon composites, presents substantial opportunities for aircraft braking systems. The expansion of the global aircraft fleet and the need to modernize aging aircraft with better braking systems provide considerable commercial prospects. Furthermore, innovations in electric aviation and tilt-rotor craft create new avenues for deploying advanced braking technologies worldwide.

Regional Insights

The presence of major aerospace corporations, increasing investments in new aircraft fleets, and advancing development in military aircraft have led to the need for advanced aircraft braking systems in the Americas. The Americas region shows significant investments in the aerospace sector, facilitating the adoption of newer technologies in aircraft braking systems. The European Union (EU) landscape for aircraft braking systems observes stringent regulations and high safety standards. Countries including France, Germany, and the United Kingdom represent some of the major aerospace companies that demand cutting-edge technology, including aircraft braking systems, to ensure the operational safety of aircraft. The EU's environmental policies also push for more environmentally sustainable and efficient braking systems. In the Middle East and Africa, the market for aircraft braking systems is influenced by the expansion of airline fleets and the modernization of existing aircraft. With its key transit hubs and premium airlines, the Middle East highly values aircraft performance, including braking systems. The Asia-Pacific region is experiencing burgeoning growth in the aviation sector. The rapidly growing commercial airline industry and the government's push for indigenous aircraft production in emerging economies heighten the demand for advanced braking systems. The expanding air travel and military modernization programs are catalysts for increased demand for aircraft braking systems in developed economies across the Asia-Pacific.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Aircraft Braking System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing commercial aviation globally
    • Increasing manufacturing activities of new aircraft
    • Market Restraints
      • High costs of manufacturing aircraft braking systems and the need for frequent maintenance
      • Market Opportunities
        • Technological advancements in aircraft braking systems
        • Development of the unmanned aerial vehicles industry
        • Market Challenges
          • Issues related to overheated brakes and incidence of aircraft braking failure
          • Market Segmentation Analysis
            • Component: Increasing use of advanced electronics in aircraft braking systems
            • Brakes Type: Rising preference for power brake systems to enhance the safety and operational efficiency
            • Deployment: Availability of cost-efficient aircraft braking systems in aftermarket channels
            • End-user: Emphasis on advanced braking systems by military sectors to operate in unconventional areas
            • Aircraft Type: Proliferating usage of aircraft braking systems in fixed-wing aircraft for high degree of control
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aircraft Braking System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aircraft Braking System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Honeywell to Supply Wheels And Brakes for Emirates’ A380 Aircraft Fleet
              
              Emirates Airlines collaborated with Honeywell Aerospace to supply a complete suite of advanced carbon brakes and wheels, custom-engineered to seamlessly integrate with Emirates' impressive Airbus A380 fleet of 116 aircraft. Honeywell is well known for providing state-of-the-art solutions that accentuate both operational efficacy and the paramount importance of safety. This initiative illustrates Honeywell's adherence to the highest standards of reliability and technical excellence, reinforcing the market's trust in the brand.
              
              Rosebank Opens F-35 Wheels and Brakes Repair Depot
              
              Rosebank Engineering has built an advanced facility dedicated to the maintenance of aircraft wheels and brakes, sharpening the Australian defense forces' edge with a focus on the F-35A Lightning II fleet. This recent development in Bayswater, Melbourne, strengthens the existing partnership between Rosebank and Lockheed Martin Aeronautics, Honeywell, and the Australian Department of Defence for robust commitment to the F-35 program in the Indo-Pacific aisle.
              
              Safran Inaugurates ExceLAB, an Industry 4.0 Center Dedicated to Excellence in Landing and Braking Systems Testing
              
              Safran Landing Systems introduced ExceLAB, a premier test center that embodies the pinnacle of Industry 4.0 advancements. The ExceLAB represents a significant advancement in the testing capabilities for aircraft landing and braking systems, providing an environment that replicates a wide range of operational scenarios with an unparalleled level of precision and reliability.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aircraft Braking System Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Aircraft Braking System Market, highlighting leading vendors and their innovative profiles. These include AAR CORP., Airbus SE, Aircraft End-of-Life Solutions B.V., AMETEK.Inc., Arkwin Industries, Inc., Astronics Corporation, Aviation Products Systems Inc., Bauer, Inc., Beringer Aero, Collins Aerospace by RTX Corporation, Crane Aerospace & Electronics, Eaton Corporation PLC, Electromech Technologies LLC, GOLDfren, Grove Aircraft Landing Gear Systems Inc., Hindustan Aeronautics Limited, Honeywell International Inc., Hong Kong Aircraft Engineering Company Limited by Swire Group Company, Kaman Corporation, Lee Air, Inc., Leonardo S.p.A., Liebherr-International Deutschland GmbH, Lockheed Martin Corporation, Lufthansa Technik AG, Matco Aircraft Landing Systems, McFarlane Aviation, LLC, Meggitt PLC by Parker-Hannifin Corporation, Moog Inc., NMG Aerospace Components, Northrop Grumman Corporation, OMA SpA, Rapco, Inc., Safran S.A., SAM GmbH, Sonex Aircraft, LLC, Tactair Fluid Controls Inc., Textron Inc., The Carlyle Johnson Machine Company, LLC by RINGFEDER POWER TRANSMISSION GMBH, Umbria Aerospace Systems S.p.A., and Whippany Actuation Systems LLC.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Aircraft Braking System Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Component
              • Accumulator
              • Actuators
              • Brake Discs
              • Brake Housing
              • Electronics
              • Valves
              • Wheels
              • Brakes Type
                • Boosted Brake
                • Independent Brake
                • Power Brake
                • Deployment
                  • Aftermarket
                  • OEM
                  • End-user
                    • Commercial
                    • Military
                    • Aircraft Type
                      • Fixed Wing
                      • Rotary Wing
                      • Unmanned Aerial Vehicles
                      • Region
                        • Americas
                          • Argentina
                          • Brazil
                          • Canada
                          • Mexico
                          • United States
                            • California
                            • Florida
                            • Illinois
                            • New York
                            • Ohio
                            • Pennsylvania
                            • Texas
                            • Asia-Pacific
                              • Australia
                              • China
                              • India
                              • Indonesia
                              • Japan
                              • Malaysia
                              • Philippines
                              • Singapore
                              • South Korea
                              • Taiwan
                              • Thailand
                              • Vietnam
                              • Europe, Middle East & Africa
                                • Denmark
                                • Egypt
                                • Finland
                                • France
                                • Germany
                                • Israel
                                • Italy
                                • Netherlands
                                • Nigeria
                                • Norway
                                • Poland
                                • Qatar
                                • Russia
                                • Saudi Arabia
                                • South Africa
                                • Spain
                                • Sweden
                                • Switzerland
                                • Turkey
                                • United Arab Emirates
                                • United Kingdom
                                
                                
                                Please Note: PDF & Excel + Online Access - 1 Year