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Aircraft Braking System Market By Product (Carbon Brake, Expander Tube Brakes, & Others), By Application (Civil Aircraft & Military Aircraft), By End-User (OEMs & Aftermath), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Covid-19

Global Aircraft Braking System Market Size, Share

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Industry Insights

[192+ Pages Report] The latest finding surrounding the Global Aircraft Braking System Market published by Facts & Factors offers a neatly packaged and comprehensive read. We at facts and factors estimate that the global aircraft braking system market will reach a projected value of USD 15.3 Billion in the year 2026 with a growth rate of 3.9% CAGR from an initial value of USD 11.2 Billion in the year 2020.

logoMarket Overview

Aircraft braking systems are similar to automotive braking systems in terms of functionality; however, the latter requires a stronger opposing force in order to stop the tandem intensity caused by aircraft. These brakes are present in the landing gear part of the airplane and are mostly operated in a hydraulic or pneumatic manner. In the latest generation of aircraft, these brakes often function as toe brakes and are activated by the pressure sensor of the rubber pedals.

logoIndustry Growth Factors

The global aircraft braking system market is driven by contributing factors such as the increasing demands from OEMs coupled with the rising number of commercial flights to name a few. Additionally, technological improvements in the sector coupled with the latest generation of product launches are expected to increase the footprint of the global aircraft braking system market during the forecast period. Moreover, rising operations in the commercial aircraft industry coupled with rising demand for reliable forms of communication are expected to fuel the global aircraft braking system market during the forecast period.

Rising pandemic situation leading to an increased focus on intercontinental supply chains coupled with increased emphasis of key market players on affordable and convenient air travel measures to name a few further helps propel the market growth. Factors pertaining to the increasing number of aircraft fleets coupled with the increased adoption of AI & IoT are expected to boost the growth of the global aircraft braking system market during the forecast period. However, the higher cost of production coupled with a lack of a skilled workforce is expected to hamper the growth of the global aircraft braking system market during the forecast period.

logoSegmentation Analysis

The global aircraft braking system market is segmented into product, application,end-user, and region.

On the basis of product, the global aircraft braking system market is classified into carbon brakes, expander tube brakes, and others. The segment pertaining to carbon brakes is expected to witness the largest market share during the advent of the forecast owing to the rising demand for the latter due to its superiority in terms of braking force coupled with the integration of electric braking systems to name a few. On the basis of application, the global aircraft braking system market is divided into civil aircraft and military aircraft. The civil aircraft segment is expected to witness the fastest growing CAGR during the advent of the forecast owing to rising catering services in terms of orders and deliveries across the aviation sector coupled with rising population favoring air travel to name a few. On the basis of end-user, the global aircraft braking system market is fragmented into OEMs and aftermath. The OEMs segment is expected to witness the largest market share during the forecast owing to increased functionality and installation of braking systems on aircraft from the assembly stage and the rising number of aircraft products during the forecast period.

logo Report Scope

Report Attribute

Details

Market Size in 2020

USD 11.2 Billion

Projected Market Size in 2026

USD 15.3 Billion

CAGR Growth Rate

3.9% CAGR

Base Year

2020

Forecast Years

2021-2026

Key Market Players

Honeywell International, Inc., Meggitt PLC, Safran, Crane Co, Parker-Hannifin Corporation, Unmanned Systems, UTC, and Others

Key Segments

Products, Applications, End-Users, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

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logo Regional Analysis

North America is expected to witness the largest market share during the advent of the forecast owing to the innovative approach undertaken by the region in terms of technological advancements coupled with the rapid adoption of aircraft braking systems to name a few. Additionally, rising orders of aircraft and supplies coupled with increasing demand for commercial aircraft are expected to increase the footprint of the aircraft braking system market during the forecast period. Moreover, the increasing presence of key market players in the region coupled with an extended maintenance contract is expected to boost the growth of the aircraft braking system market during the forecast duration. Recent mergers & acquisitions and increasing consumers opting for air travel are expected to increase the consumer base for the aircraft braking system market in the region to a higher boundary.

logo Competitive Players

The key market participants in the global aircraft braking system market are Honeywell International, Inc., Meggitt PLC, Safran, Crane Co, Parker-Hannifin Corporation, Unmanned Systems, UTC, Crane Aerospace, Beringer Aero, Matco Manufacturing, Lufthansa Technik, Jay-Em Aerospace & Machine, and Grove Aircraft Landing Systems, among others.

logo By Product Segment Analysis

  • Carbon Brakes
  • Expander Tube Brakes
  • Others

logo By Application Segment Analysis

  • Civil Aircraft
  • Military Aircraft

logo By End-User Segment Analysis

  • OEMs
  • Aftermath

Covid-19

Aircraft Braking System Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Honeywell International Inc.
  • Meggitt PLC
  • Safran
  • Crane Co
  • Parker-Hannifin Corporation
  • Unmanned Systems
  • UTC
  • Crane Aerospace
  • Beringer Aero
  • Matco Manufacturing
  • Lufthansa Technik
  • Jay-Em Aerospace & Machine
  • Grove Aircraft Landing Systems
     

Frequently Asked Questions

The primary factors for the significant growth of the global aircraft braking system market are increasing demands from OEMs coupled with rising number of commercial flights to name a few.
According to Facts & Factors, global demand for aircraft braking system market is expected to generate revenue of around USD 15.3 Billion by end of 2026, growing at a CAGR of around 3.9% between 2021 and 2026.
North America is expected to witness the largest market share during the advent of the forecast owing to innovative approach undertaken by the region in terms of technological advancements coupled with rapid adoption of aircraft braking systems to name a few.
The key participants in the global aircraft braking system market are Honeywell International, Inc., Meggitt PLC, Safran, Crane Co, Parker-Hannifin Corporation, Unmanned Systems, UTC, Crane Aerospace, Beringer Aero, Matco Manufacturing, Lufthansa Technik, Jay-Em Aerospace & Machine, and Grove Aircraft Landing Systems, among others.
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