Aircraft Braking System Market by Component, Brakes Type, Deployment, End-user, Aircraft Type

List of Tables

The Aircraft Braking System Market was valued at USD 12.02 billion in 2023, expected to reach USD 12.83 billion in 2024, and is projected to grow at a CAGR of 6.91%, to USD 19.19 billion by 2030.

The aircraft braking system market encompasses components and systems that operate to decelerate and halt an aircraft during landing or in-flight situations. This system includes multiple parts like wheels, brakes, anti-skid systems, and electronic monitoring systems essential for ensuring safety and operational efficiency. Braking systems are necessary to facilitate reliable aircraft deceleration, prevent runway excursions, and enhance passenger safety. The main application is in commercial, defense, and cargo aircraft, with end-use markets spanning aviation manufacturers, aftermarket service providers, and airlines globally. Growth in this market is primarily driven by the resurgence of global air travel post-pandemic, increased aircraft procurement by airlines, and advancements in braking technology such as electric and carbon brakes which boast efficiency and longevity. Key opportunities include expanding smart braking systems integrated with IoT for predictive maintenance and energy-efficient technologies to meet environmental regulations. Additionally, burgeoning aerospace industries in regions like Asia-Pacific present massive potential due to increased investments in aerospace infrastructure and innovation.

KEY MARKET STATISTICS
Base Year [2023]	USD 12.02 billion
Estimated Year [2024]	USD 12.83 billion
Forecast Year [2030]	USD 19.19 billion
CAGR (%)	6.91%

However, the market does face limitations such as high initial and maintenance costs of advanced braking systems and stringent regulatory requirements which can slow adoption rates. Challenging factors also include fluctuating raw material costs and the impact of geopolitical tensions on the supply chain, which may hinder market consistency. Innovation opportunities are abundant, particularly in the development of lightweight materials and hybrid systems for enhanced braking performance and reduced fuel consumption. The future market landscape is expected to be competitive, with increased focus on sustainability and technological advancements. Companies positioning themselves at the forefront of electric and autonomous braking solutions, and those that leverage data analytics for proactive system management, are likely to secure significant market traction. These areas present a fertile ground for research and business growth, with emerging trends pointing towards increased collaborations between aviation manufacturers and tech companies to drive forward transformative change in aviation safety and performance.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Aircraft Braking System Market

The Aircraft Braking System Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

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

Porter's Five Forces: A Strategic Tool for Navigating the Aircraft Braking System Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Aircraft Braking System Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Aircraft Braking System Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Aircraft Braking System Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Aircraft Braking System Market

A detailed market share analysis in the Aircraft Braking System Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Aircraft Braking System Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Aircraft Braking System Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

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 Astronics Corporation, Beringer Aero, Aircraft End-of-Life Solutions B.V., Matco Aircraft Landing Systems, AAR CORP., Collins Aerospace by RTX Corporation, Kaman Corporation, Bauer, Inc., Moog Inc., Eaton Corporation PLC, Aviation Products Systems Inc., Electromech Technologies LLC, McFarlane Aviation, LLC, The Carlyle Johnson Machine Company, LLC by RINGFEDER POWER TRANSMISSION GMBH, OMA SpA, GOLDfren, Liebherr-International Deutschland GmbH, Safran S.A., NMG Aerospace Components, Grove Aircraft Landing Gear Systems Inc., SAM GmbH, Leonardo S.p.A., Northrop Grumman Corporation, Lee Air, Inc., Honeywell International Inc., Textron Inc., Lockheed Martin Corporation, Umbria Aerospace Systems S.p.A., Crane Aerospace & Electronics, Arkwin Industries, Inc., Whippany Actuation Systems LLC, Hong Kong Aircraft Engineering Company Limited by Swire Group Company, AMETEK.Inc., Tactair Fluid Controls Inc., Meggitt PLC by Parker-Hannifin Corporation, Hindustan Aeronautics Limited, Rapco, Inc., Lufthansa Technik AG, Sonex Aircraft, LLC, and Airbus SE.

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:

Based on Component, market is studied across Accumulator, Actuators, Brake Discs, Brake Housing, Electronics, Valves, and Wheels.
Based on Brakes Type, market is studied across Boosted Brake, Independent Brake, and Power Brake.
Based on Deployment, market is studied across Aftermarket and OEM.
Based on End-user, market is studied across Commercial and Military.
Based on Aircraft Type, market is studied across Fixed Wing, Rotary Wing, and Unmanned Aerial Vehicles.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-BB6269D14238

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing commercial aviation globally
  - 5.1.1.2. Increasing manufacturing activities of new aircraft
- 5.1.2. Restraints
  - 5.1.2.1. High costs of manufacturing aircraft braking systems and the need for frequent maintenance
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in aircraft braking systems
  - 5.1.3.2. Development of the unmanned aerial vehicles industry
- 5.1.4. Challenges
  - 5.1.4.1. Issues related to overheated brakes and incidence of aircraft braking failure
5.2. Market Segmentation Analysis
- 5.2.1. Component: Increasing use of advanced electronics in aircraft braking systems
- 5.2.2. Brakes Type: Rising preference for power brake systems to enhance the safety and operational efficiency
- 5.2.3. Deployment: Availability of cost-efficient aircraft braking systems in aftermarket channels
- 5.2.4. End-user: Emphasis on advanced braking systems by military sectors to operate in unconventional areas
- 5.2.5. Aircraft Type: Proliferating usage of aircraft braking systems in fixed-wing aircraft for high degree of control
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Aircraft Braking System Market, by Component

6.1. Introduction
6.2. Accumulator
6.3. Actuators
6.4. Brake Discs
6.5. Brake Housing
6.6. Electronics
6.7. Valves
6.8. Wheels

7. Aircraft Braking System Market, by Brakes Type

7.1. Introduction
7.2. Boosted Brake
7.3. Independent Brake
7.4. Power Brake

8. Aircraft Braking System Market, by Deployment

8.1. Introduction
8.2. Aftermarket
8.3. OEM

9. Aircraft Braking System Market, by End-user

9.1. Introduction
9.2. Commercial
9.3. Military

10. Aircraft Braking System Market, by Aircraft Type

10.1. Introduction
10.2. Fixed Wing
10.3. Rotary Wing
10.4. Unmanned Aerial Vehicles

11. Americas Aircraft Braking System Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Aircraft Braking System Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Aircraft Braking System Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Honeywell to Supply Wheels And Brakes for Emirates' A380 Aircraft Fleet
- 14.3.2. Rosebank Opens F-35 Wheels and Brakes Repair Depot
- 14.3.3. Safran Inaugurates ExceLAB, an Industry 4.0 Center Dedicated to Excellence in Landing and Braking Systems Testing
- 14.3.4. Safran Landing Systems Kentucky Confirms Expansion in Boone County
- 14.3.5. Delta Swoops In, Takes A 95% Interest In Troubled Wheels Up
- 14.3.6. AELS successfully completes acquisition of Boeing 737-800
- 14.3.7. Derco Signs 3-Year Agreement With Collins Aerospace
- 14.3.8. VSE Officially Acquires Desser Aerospace
- 14.3.9. GKN Aerospace Overhauls First F-35 Wheels And Brakes Assemblies For European Fleet
- 14.3.10. Safran Lands Eurodrone Contracts for Brakes, Wheels and Sensors
- 14.3.11. AllClear's Agreement with Honeywell Aerospace will Benefit Global Customers

Companies Mentioned

1. Astronics Corporation
2. Beringer Aero
3. Aircraft End-of-Life Solutions B.V.
4. Matco Aircraft Landing Systems
5. AAR CORP.
6. Collins Aerospace by RTX Corporation
7. Kaman Corporation
8. Bauer, Inc.
9. Moog Inc.
10. Eaton Corporation PLC
11. Aviation Products Systems Inc.
12. Electromech Technologies LLC
13. McFarlane Aviation, LLC
14. The Carlyle Johnson Machine Company, LLC by RINGFEDER POWER TRANSMISSION GMBH
15. OMA SpA
16. GOLDfren
17. Liebherr-International Deutschland GmbH
18. Safran S.A.
19. NMG Aerospace Components
20. Grove Aircraft Landing Gear Systems Inc.
21. SAM GmbH
22. Leonardo S.p.A.
23. Northrop Grumman Corporation
24. Lee Air, Inc.
25. Honeywell International Inc.
26. Textron Inc.
27. Lockheed Martin Corporation
28. Umbria Aerospace Systems S.p.A.
29. Crane Aerospace & Electronics
30. Arkwin Industries, Inc.
31. Whippany Actuation Systems LLC
32. Hong Kong Aircraft Engineering Company Limited by Swire Group Company
33. AMETEK.Inc.
34. Tactair Fluid Controls Inc.
35. Meggitt PLC by Parker-Hannifin Corporation
36. Hindustan Aeronautics Limited
37. Rapco, Inc.
38. Lufthansa Technik AG
39. Sonex Aircraft, LLC
40. Airbus SE