Press release
Key Influencer in the Aircraft Brake System Market 2025: Rise In Fleet Size Propels The Market Driver
Aircraft Brake System Market Size
The aircraft brake system market is forecasted to expand due to the growing fleet size of commercial and defense planes. The term 'aircraft fleet' refers to the collection of planes operated by a specific airline, and as this number increases, there is a growing demand for brake systems to be installed and replaced in these aircraft. For example, Boeing, a prominent aerospace firm in the US, predicts in its 2021-2040 commercial market outlook that the global commercial fleet will surpass 49,000 planes by 2040. Consequently, the expanding fleet size of commercial and defense aircraft underpins the growth of the aircraft braking system market.
Get Your Aircraft Brake System Market Report Here:
https://www.thebusinessresearchcompany.com/report/aircraft-brake-system-global-market-report
What growth opportunities are expected to drive the aircraft brake system market's CAGR through 2034?
In recent times, the aircraft brake system market has seen robust growth. The market which is projected to rise from $10.29 billion in 2024 to $11.18 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. Factors contributing to the growth during the earlier period include the expansion of aircraft fleets, compliance with regulatory standards, the growth of commercial air travel, a surge in worldwide air travel, and military modernization.
In the coming years, the aircraft brake system market is forecasted to experience significant expansion, reaching a value of $15.51 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%. The projected growth within this period can be attributed to elements such as electric and hybrid aircraft, urban air mobility, remote and unmanned aircraft, space tourism and exploration, as well as green aviation initiatives. The forecast period also identifies key trends to watch out for, such as technological advancements, electro-mechanical braking, the use of advanced friction materials, wireless brake monitoring, and advanced anti-skid technology.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5713&type=smp
What are the emerging trends shaping the future of the aircraft brake system market?
The aircraft brake system market is being molded by strategic partnerships and collaborations. These mutual partnerships provide opportunities for participants to develop innovative solutions for their clientele, venture into new markets, and merge essential expertise and resources. For example, in July 2024, TT Electronics, an electronics manufacturing corporation based in the UK, formed a partnership with Parker Hannifin Corporation, an American motion and control technology firm. This partnership deals with the creation of intricate electronic assemblies for commercial aircraft braking systems through to 2027. It is also indicative of the growing demand and expansion opportunities in the commercial aerospace field, along with the ongoing renewal of worldwide aircraft fleets.
Which growth-oriented segments of the aircraft brake system market are leading the industry's development?
The aircraft brake system market covered in this report is segmented -
1) By Component: Braking System Components, Brakes, Wheels
2) By Actuation: Power Brake, Boosted Brake, Independent Brake
3) By Brake Type: Carbon Breaks, Steel Breaks, Others
4) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
5) By End-User: Commercial Aircraft, Defense Aircraft
Subsegments:
1) By Braking System Components: Brake Control Systems, Anti-Skid Control Units, Brake Actuators, Hydraulic Lines and Fittings, Sensors and Monitoring Systems
2) By Brakes: Disc Brakes, Drum Brakes, Carbon Brake Systems, Steel Brake Systems, Emergency Brakes
3) By Wheels: Main Wheels, Nose Wheels, Wheel Assembly Components
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5713
What regions are leading the charge in the aircraft brake system market?
North America was the largest region in the aircraft brake system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft brake system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the aircraft brake system market?
Major companies operating in the aircraft brake system market include Honeywell International Inc., Safran Landing Systems, Raytheon Technologies Corporation, Parker-Hannifin Corporation, Crane Aerospace & Electronics., Beringer Aero a subsidiary of Beringer SAS, MATCO Manufacturing Inc., Grove Aircraft Landing Gear Systems Inc., Jay-Em Aerospace & Machine Inc., Bauer Inc., Nasco Aircraft Brake Inc., AAR Corp., Lufthansa Technik AG, UTC Aerospace Systems, Dunlop Aircraft Tyres Ltd., Goodyear Aviation., Michelin Aircraft Tire Company LLC., Aircraft Braking Systems Corporation., Carlisle Companies Incorporated, Rapco Fleet Support Inc., SGL Carbon SE, Wilwood Engineering Inc., Brembo S.p.A., Hindustan Aeronautics Limited, Magellan Aerospace Corporation, Meggitt Aircraft Braking Systems Corporation
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=5713&type=smp
What Is Covered In The Aircraft Brake System Global Market Report?
•Market Size Forecast: Examine the aircraft brake system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aircraft brake system market for a structured understanding.
•Key Players Overview: Analyze major players in the aircraft brake system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aircraft brake system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aircraft brake system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aircraft brake system market.
•Industry Challenges: Identify potential risks and obstacles affecting the aircraft brake system market.
•Competitive Landscape: Review strategic developments in the aircraft brake system market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Key Influencer in the Aircraft Brake System Market 2025: Rise In Fleet Size Propels The Market Driver here
News-ID: 3880360 • Views: …
More Releases from The Business Research Company
2025-2034 Superconducting Quantum Chip Market Outlook: Key Drivers, Emerging Cha …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Superconducting Quantum Chip Market Through 2025?
The market size of superconducting quantum chips has shown a swift expansion in the past few years. It's forecasted to surge from a value of $0.74 billion in 2024, reaching $0.87 billion in 2025, with a…
What Is Driving Global Responsible AI Governance Consulting Market Growth in 202 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Responsible AI Governance Consulting Market Size By 2025?
The market size for responsible AI governance consulting has seen substantial growth recently. Projections show it will expand from $0.29 billion in 2024 to $0.43 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 49.0%.…
Expansion Of Industrial Fleets Fueling The Growth Of The Market Due To Rising E- …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Material Handling Equipment Telematics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the size of the telematics market for material handling equipment has experienced swift growth. The market is projected to increase from $5.42 billion in 2024 to $6.14 billion in 2025,…
Higher Educational Professional Audio-Visual (Pro AV) Market Poised to Hit $5.68 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Higher Educational Professional Audio-Visual (Pro AV) Industry Market Size Be by 2025?
The market size for professional audio-visual (pro av) in the higher education sector has seen robust growth in the past few years. The market is projected to increase from a value of $3.54 billion…
More Releases for Brake
Brake Repair Service: A Reliable Solution for Mobile Brake Services
When it comes to maintaining the performance and safety of your vehicle, brake systems are among the most critical components. Whether you're a truck driver or a fleet manager, ensuring your brakes are in optimal condition is a priority. Fortunately, finding a reliable Brake Repair Service [https://mobilebrakerepairtn.com/#:~:text=Brake%20Repair%20Service] provider has never been easier, thanks to mobile brake services that bring convenience and professionalism right to your location.
Mobile Brake Services: Convenient, Efficient,…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake 2020-2027
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and initiatives of new car…
Aircraft Brake System : Power Brake, Boosted Brake, and Independent Brake 2021-2 …
The global aircraft brake system market was valued at $10.52 billion in 2020, and is projected to reach $16.95 billion in 2030, registering a CAGR of 5.2%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake…
Aircraft Brake System Market : Power Brake, Boosted Brake, and Independent Brake …
The global aircraft brake system market generated $10.52 billion in 2020, and is anticipated to reach $16.95 billion in 2030, manifesting a CAGR of 5.2%.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake system market. On the other hand, strict regulatory conditions create hindrances to market growth. On the contrary, usage of advanced…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global Brake System Industry estimated $41.62 billion in 2019, and is expected to hit $61.20 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Covid-19 Scenario-
The covid-19 outbreak has immensely affected the industry, as most of the original equipment manufacturers (OEM) have kept the production of brake systems on hold.
The supply chain management has been disrupted resulting in shortage of raw materials. The…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and…
