The Aircraft Braking System Market is set to embark on a growth journey, with a projected increase from USD 6.4 Billion in 2022 to USD 7.6 Billion by 2027, manifesting a steady CAGR of 3.3% during the forecast period. This expansion is driven by various factors, including the need for frequent braking unit replacements and the expanding global fleet size.
Aircraft braking systems are integral components for enhancing operational efficiency and ensuring safety across various types of aircraft. These systems find applications in a wide range of aircraft, including narrow-body and wide-body planes, private jets, transport aircraft, fighter jets, commercial and military helicopters, and unmanned aerial vehicles. The rise in commercial aircraft operations and an increase in military activities in major regions, such as Asia Pacific, North America, and Europe, have contributed to the demand for aircraft braking systems.
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Driver: Technological Advancements in Braking Components
The technology underpinning aircraft braking systems has evolved significantly, with safety now being a paramount consideration. A diverse array of brakes and components tailored to specific aircraft applications, in compliance with industry standards and regulations, is readily available. The ongoing technological advancements in aircraft braking systems play a pivotal role in driving market growth. Aviation stakeholders prioritize safety and efficiency, prompting them to invest in system upgrades and maintenance services. Notably, companies like Safran Group (France) have introduced cutting-edge brake discs that combine carbon and composite materials, resulting in a longer disc lifespan and enhanced safety and efficiency at higher braking temperatures.
Opportunity: Emerging Markets in Growing Economies
Historically, a limited number of players offered Maintenance, Repair, and Overhaul (MRO) services for aircraft braking systems in both commercial and military sectors. Brakes, wheels, and other subsystems within braking systems have short replacement cycles, contributing substantially to the overall market revenue. Growing economies in countries like China, Japan, and certain Latin American nations have witnessed a surge in companies providing essential MRO services for commercial and military aircraft. This expansion is fueling the growth of the aircraft braking systems market in the Asia Pacific, Middle East, and Latin American regions. Prominent aircraft MRO service providers, including AAR Corp. (US) and Boeing (US), are also extending their presence in these regions to cater to the growing demand for MRO services.
Challenge: Stringent Regulatory Environment
The aerospace industry's regulatory bodies have established stringent and evolving regulations to ensure the highest safety standards for aviation. These regulations require aircraft braking system manufacturers and MRO service providers to adhere to complex manufacturing and quality assurance procedures. For instance, the replacement of steel brakes and carbon brakes in commercial aircraft is subject to rigorous testing and certification processes to ensure compatibility with aircraft.
Segment Insights:
This research report categorizes the aircraft braking system market into End User, Aircraft Type, and Actuation. Component and Region:
By Component:
- Wheels
- Brake Discs
- Brake Housing
- Valves
- Actuators
- Accumulator
- Electronics
By Actuation:
- Independent Brake Systems
- Boosted Brake Systems
- Power Brake Systems
By Aircraft Type:
- Fixed-wing (Commercial Aviation, Business and General Aviation, Military Aviation)
- Rotary-wing (Commercial Helicopters, Military Helicopters)
- Unmanned Aerial Vehicles
- Advanced Air Mobility
By End Use:
- OEM
- Aftermarket
Regions:
- North America
- Europe
- Asia Pacific
- Middle East
- Latin America
- Africa
In terms of end use, the OEM segment is anticipated to drive the aircraft braking system market during the forecast period. The increasing demand for diverse aircraft across commercial and military platforms is a primary factor contributing to market growth. Furthermore, advancements in Advanced Air Mobility and Unmanned Aerial Vehicle platforms are poised to further propel the aircraft braking system market.
Among the components, the actuators segment is experiencing remarkable growth in the forecast period. Actuators play a critical role in applying brakes to aircraft by pressing brake discs to create friction. While traditional actuators were hydromechanically driven, modern advancements are introducing electromechanically driven actuators.
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Regional Leadership: North America
North America stands out as the region with the highest market share in the aircraft braking system market. It boasts a robust presence of aircraft braking system manufacturers and substantial investments in research and development of advanced braking system technologies. These technologies cater to the requirements of current and future aircraft technologies, positioning North America at the forefront of industry innovation.
Key Market Players
Globally established players like Safran (France), Collins Aerospace (US), Parker-Hannifin Corporation (US), Crane Co. (US), and Honeywell International Inc. (US) dominate the Aircraft Braking System industry. These key market players offer a wide range of aircraft braking systems and services to cater to the diverse needs of key stakeholders in the aviation sector.
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The Global Aircraft Brake System Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on component, platform and fit.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Aircraft Brake System Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/17309-aircraft-brake-system-market-reportThe report also covers the complete competitive landscape of the global Aircraft Brake System market with company profiles of key players such as:AAR CorporationBeringer AeroCrane Aerospace & ElectronicsGrove Aircraft Landing Gear Systems Inc.Honeywell International Inc.Jay-Em Aerospace & Machine, Inc.Lufthansa Technik AGMatco Manufacturing Inc.Meggitt PLCParker Hannifin CorporationSafran S.A.United Technologies CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Component:WheelsBrakesCarbon BrakesSteel BrakesBraking SystemsTransducersSensorsActuatorsValvesOthersBy Platform:CommercialCommercial AircraftBusiness JetsRegional JetsHelicoptersDefenseMilitary AircraftHelicoptersBy Fit:Line-FitRetrofitBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Aircraft Brake System Market @ https://www.decisiondatabases.com/contact/download-sample-17309The Global Aircraft Brake System Market has been exhibited in detail in the following chapters –Chapter 1 Aircraft Brake System Market PrefaceChapter 2 Executive SummaryChapter 3 Aircraft Brake System Industry AnalysisChapter 4 Aircraft Brake System Market Value Chain AnalysisChapter 5 Aircraft Brake System Market Analysis By ComponentChapter 6 Aircraft Brake System Market Analysis By PlatformChapter 7 Aircraft Brake System Market Analysis By FitChapter 8 Aircraft Brake System Market Analysis By GeographyChapter 9 Competitive Landscape Of Aircraft Brake System CompaniesChapter 10 Company Profiles Of Aircraft Brake System IndustryPurchase the complete Global Aircraft Brake System Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-17309Other Reports by DecisionDatabases.com:Global Aircraft Ground Handling System Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Aircraft Health Monitoring System Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Aircraft Refurbishing Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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