Global Aircraft Braking System Market Will Surge to USD 9.95 Billion By 2025

Facts and Factors Market Research has published a new report titled “AR in Enterprise Market By Component (Hardware and Software), By Display Device (Head-Mounted Display, Head-Up Display, and Smart Glass), By Enterprise Size (SMEs and Large Enterprise), and By Application (Automotive, Retail, Medical, Aerospace & Defense, and Gaming): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025”. According to the report, the global Aircraft Braking System market was valued at approximately USD 6.63 billion in 2018 and is expected to reach a value of around USD 9.95 billion by 2025, at a CAGR of around 5.9% between 2019 and 2025.

Aircraft braking systems comprise of aircraft disc brakes as the components that are used in the landing gear that for putting brakes on the wheels during landing of the aircraft on the ground. Additionally, the brakes are run pneumatically and in the new aircraft they are triggered by the topmost part of the toe brakes.

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Moreover, the systems also comprise of thrust reversers that assist the engines to slow the aircraft speed. In addition to this, aircraft braking systems include air brakes and giant drogue parachutes.

Burgeoning need for lightweight aircraft parts to boost the business trends

Massive demand for light airplane components along with the requirement for reducing the airplane parts will steer the growth of the aircraft braking system industry over the forecast timeline.

Furthermore, inflating the fleet size of aircraft as a result of massive passenger movement will steer the market growth over the forecast period. Apart from this, renovation of braking systems in the current fleet is expected to drive the growth of the aircraft braking system industry over the forecast period. Nonetheless, probability of rust in the braking material is likely to increase as the braking systems in airplane function in extreme climatic conditions. This, in turn, can inhibit the market scope over the timespan from 2019 to 2025. Moreover, huge operating & maintenance charges will further result in the hindrance of market growth over the forecast period. However, launching of new braking techniques like electric braking technologies will offer new growth avenues for the market over the forecast timeframe.

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Disc-Brakes to lead the brake type segment by 2025 in terms of value

The growth of the segment during the forecast timeline is due to the large-scale deployment of disc brakes in the aircraft braking systems as a result of its excellent performance & demonstrated efficiency in extreme climatic conditions.

Private aircraft segment to register highest CAGR over the forecast period

The segment is projected to record the highest growth rate of over 6% during the period from 2019 to 2025 owing to the large-scale use of private aircraft in developed countries like the U.S.

North America to dominate the overall market growth during 2019-2025 in terms of revenue

The regional market growth during the forecast period is credited to a rise in the demand for aircraft braking systems with a surge in the commercial & private airplanes. Apart from this, humungous presence of large number of airplane producers in countries like the U.S. will further impel the regional market demand over the forecast timeline.

Some of the key players in the market include Advent Aircraft Systems, Inc., Crane Aerospace & Electronics, Honeywell International Inc., Jay-Em Aerospace & Machine, Inc., Grove Aircraft Landing Gear Systems Inc., Safran S.A., Meggitt Aircraft Braking Systems Corporation, Aeroned, Aviation Brake Service Inc., Bauer, Inc., UNITED TECHNOLOGIES, Nasco Aircraft Brake, Inc., Parker Hannifin Corp, Zlin Aircraft, MATCO mfg, and Beringer-aero.

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This report segments the Aircraft Braking System market as follows:

Global Aircraft Braking System Market: By Brake Type Segment Analysis

Carbon Brakes
Segmented Rotor Brakes
Disc-Brakes
Single Disc
Dual-Disc
Multiple Disc
Expander Tube Brakes

Global Aircraft Braking System Market: By Actuating System Type Segment Analysis

Booster
Power Brake
Independent

Global Aircraft Braking System Market: By End-Use Segment Analysis

Commercial Aircraft
Private Aircraft
Military Aircraft

Global Aircraft Braking System Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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