The Aircraft Brakes Market size is estimated at USD 9.83 billion in 2024, and is expected to reach USD 12.65 billion by 2029, growing at a CAGR of 5.16% during the forecast period (2024-2029).
The aircraft brakes market is consolidated in nature, with a presence of few players holding significant shares in the market. The prominent players in the market are RTX Corporation, Safran, Crane Aerospace & Electronics, Meggitt PLC, and Honeywell International Inc. These are firms that supply brakes and braking systems to most of the aircraft in the military, commercial, and general aviation sectors.
With high brand values and long-term contracts with aircraft OEMs, these prominent players dominate the market, making it difficult for new players to capitalize on this landscape. The investments by the companies in electric brake technology, which is currently in its initial stage, are also expected to help them maintain prominent positions, during the transition from carbon brakes to electric brakes, in the near future.
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