Global Aircraft Braking System Market Size Study, by Component, Brakes Type, Deployment, End-user, Aircraft Type, and Regional Forecasts 2022-2032

Description

Global Aircraft Braking System Market is valued approximately at USD 12.02 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.91% over the forecast period 2024-2032. The aircraft braking system plays a pivotal role in ensuring the safety and performance of aircraft during critical operations such as landing, takeoff, and taxiing. These systems are integral for securely decelerating and stopping an aircraft and maintaining its position during ground operations. The increasing global air traffic, coupled with advancements in brake technology and stringent safety regulations imposed by aviation authorities, has significantly expanded the usage of aircraft braking systems. Additionally, the rise in military budgets and the development of new aircraft models are key contributors to the market's growth. However, the high cost associated with advanced material systems and stringent certification standards impede the widespread adoption of aircraft braking systems. The dependence on a limited number of suppliers for specialized components further complicates the market dynamics. Despite these challenges, the adoption of new materials such as carbon composites offers substantial opportunities for innovation within the aircraft braking systems market. The expansion of the global aircraft fleet and the necessity to modernize aging aircraft with more efficient braking systems present considerable commercial prospects.

The market is segmented based on component, brakes type, deployment, end-user, and aircraft type. Components such as accumulators, actuators, brake discs, and electronics are essential for the functionality and efficiency of braking systems. The preference for advanced electronic systems, including control units and anti-skid systems, enhances the operational reliability and safety of modern aircraft. Brakes types are categorized into boosted brakes, independent brakes, and power brakes, with power brakes being the most preferred in large aircraft fleets due to their superior performance and safety features.

Deployment channels include aftermarket and OEM, with the aftermarket channel catering to maintenance, repair, and overhaul (MRO) needs throughout an aircraft's operational lifecycle. The end-user segment encompasses commercial and military sectors, with the commercial segment focusing on efficiency and safety for high-frequency operations, while the military segment emphasizes durability and compatibility with carrier-based operations. Aircraft types are classified into fixed-wing, rotary-wing, and unmanned aerial vehicles, each with specific braking system requirements tailored to their operational needs.

The key regions considered for the global aircraft braking system market study include North America, Europe, Asia Pacific, Latin America, and Rest of the World. North America is a dominating market due to its major aerospace corporations and significant investments in new aircraft fleets. Also, the region's stringent safety regulations and advanced aerospace sector, represent a substantial share of the market. Whereas, the Asia Pacific region is experiencing rapid growth in the market leading to increased demand for advanced braking systems. The expanding commercial airline industry and government initiatives for indigenous aircraft production, as well as fleet expansions and modernization programs, are contributing to the regional market growth over the forecast period.

Major market players included in this report are:

Airbus SE
Honeywell International Inc.
Safran S.A.
Collins Aerospace by RTX Corporation
Meggitt PLC
Eaton Corporation PLC
Moog Inc.
Liebherr-International Deutschland GmbH
Lufthansa Technik AG
Textron Inc.
Leonardo S.p.A.
AMETEK.Inc.
Kaman Corporation
Beringer Aero
Northrop Grumman Corporation

The detailed segments and sub-segment of the market are explained below:

By Component:

Accumulator
Actuators
Brake Discs
Brake Housing
Electronics
Valves
Wheels

By Brakes Type:

Boosted Brake
Independent Brake
Power Brake

By Deployment:

Aftermarket
OEM

By End-user:

Commercial
Military

By Aircraft Type:

Fixed Wing
Rotary Wing
Unmanned Aerial Vehicles

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Aircraft Braking System Market Executive Summary

1.1. Global Aircraft Braking System Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Brakes Type
- 1.3.3. By Deployment
- 1.3.4. By End-user
- 1.3.5. By Aircraft Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Aircraft Braking System Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Aircraft Braking System Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Global Air Traffic
- 3.1.2. Advancements in Brake Technology
- 3.1.3. Stringent Safety Regulations
3.2. Market Challenges
- 3.2.1. High Cost of Advanced Materials
- 3.2.2. Stringent Certification Standards
- 3.2.3. Dependence on Limited Suppliers
3.3. Market Opportunities
- 3.3.1. Adoption of New Materials (e.g., Carbon Composites)
- 3.3.2. Expansion of Global Aircraft Fleet
- 3.3.3. Innovations in Electric Aviation

Chapter 4. Global Aircraft Braking System Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Aircraft Braking System Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Aircraft Braking System Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Accumulator
- 5.2.2. Actuators
- 5.2.3. Brake Discs
- 5.2.4. Brake Housing
- 5.2.5. Electronics
- 5.2.6. Valves
- 5.2.7. Wheels

Chapter 6. Global Aircraft Braking System Market Size & Forecasts by Brakes Type 2022-2032

6.1. Segment Dashboard
6.2. Global Aircraft Braking System Market: Brakes Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Boosted Brake
- 6.2.2. Independent Brake
- 6.2.3. Power Brake

Chapter 7. Global Aircraft Braking System Market Size & Forecasts by Deployment 2022-2032

7.1. Segment Dashboard
7.2. Global Aircraft Braking System Market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Aftermarket
- 7.2.2. OEM

Chapter 8. Global Aircraft Braking System Market Size & Forecasts by End-user 2022-2032

8.1. Segment Dashboard
8.2. Global Aircraft Braking System Market: End-user Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Commercial
- 8.2.2. Military

Chapter 9. Global Aircraft Braking System Market Size & Forecasts by Aircraft Type 2022-2032

9.1. Segment Dashboard
9.2. Global Aircraft Braking System Market: Aircraft Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Fixed Wing
- 9.2.2. Rotary Wing
- 9.2.3. Unmanned Aerial Vehicles

Chapter 10. Global Aircraft Braking System Market Size & Forecasts by Region 2022-2032

10.1. North America Aircraft Braking System Market
- 10.1.1. U.S. Aircraft Braking System Market
  - 10.1.1.1. Component breakdown size & forecasts, 2022-2032
  - 10.1.1.2. Brakes Type breakdown size & forecasts, 2022-2032
  - 10.1.1.3. Deployment breakdown size & forecasts, 2022-2032
  - 10.1.1.4. End-user breakdown size & forecasts, 2022-2032
  - 10.1.1.5. Aircraft Type breakdown size & forecasts, 2022-2032
- 10.1.2. Canada Aircraft Braking System Market
10.2. Europe Aircraft Braking System Market
- 10.2.1. UK Aircraft Braking System Market
- 10.2.2. Germany Aircraft Braking System Market
- 10.2.3. France Aircraft Braking System Market
- 10.2.4. Spain Aircraft Braking System Market
- 10.2.5. Italy Aircraft Braking System Market
- 10.2.6. Rest of Europe Aircraft Braking System Market
10.3. Asia-Pacific Aircraft Braking System Market
- 10.3.1. China Aircraft Braking System Market
- 10.3.2. India Aircraft Braking System Market
- 10.3.3. Japan Aircraft Braking System Market
- 10.3.4. Australia Aircraft Braking System Market
- 10.3.5. South Korea Aircraft Braking System Market
- 10.3.6. Rest of Asia Pacific Aircraft Braking System Market
10.4. Latin America Aircraft Braking System Market
- 10.4.1. Brazil Aircraft Braking System Market
- 10.4.2. Mexico Aircraft Braking System Market
- 10.4.3. Rest of Latin America Aircraft Braking System Market
10.5. Middle East & Africa Aircraft Braking System Market
- 10.5.1. Saudi Arabia Aircraft Braking System Market
- 10.5.2. South Africa Aircraft Braking System Market
- 10.5.3. Rest of Middle East & Africa Aircraft Braking System Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Airbus SE
- 11.1.2. Honeywell International Inc.
- 11.1.3. Safran S.A.
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Airbus SE
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Leonardo S.p.A.
- 11.3.3. Collins Aerospace by RTX Corporation
- 11.3.4. AMETEK.Inc.
- 11.3.5. Eaton Corporation PLC
- 11.3.6. Moog Inc.
- 11.3.7. Liebherr-International Deutschland GmbH
- 11.3.8. Lufthansa Technik AG
- 11.3.9. Textron Inc.
- 11.3.10. Northrop Grumman Corporation
- 11.3.11. Meggitt PLC
- 11.3.12. Kaman Corporation
- 11.3.13. Beringer Aero
- 11.3.14. Safran S.A.
- 11.3.15. Honeywell International Inc.

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes