Press release
Aircraft Wheels and Brakes Market to Ascend: Projected to Reach $10.71 Billion by 2032 with a 4.94% CAGR
Aircraft Wheels and Brakes Market
Aircraft Wheels and Brakes Market size was valued at USD 7.28 Bn. in 2024 and the total Aircraft Wheels and Brakes Market size is expected to grow at a CAGR of 4.94 % from 2025 to 2032, reaching nearly USD 10.71 Bn. by 2032.
The global Aircraft Wheels and Brakes Market is witnessing substantial growth, driven by increasing air traffic, rising demand for fuel-efficient aircraft, and technological advancements in braking systems. Market projections indicate strong growth in the coming years, as airlines and defense organizations invest in modernizing their fleets for enhanced safety, durability, and performance.
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Market Growth Drivers & Opportunities
The aviation industry's continuous expansion is a significant driver for the aircraft wheels and brakes market. With increasing commercial and military aircraft production, there is a growing need for reliable and efficient braking systems.
Technological advancements, such as carbon brakes, have revolutionized the market by providing better heat dissipation, weight reduction, and improved durability compared to conventional steel brakes. Airlines are actively upgrading their fleets with these advanced braking systems to enhance operational efficiency.
The rise of electric and hybrid aircraft is also creating new opportunities in the market. Manufacturers are developing next-generation braking technologies, including regenerative braking systems and electronically controlled braking units, to cater to the evolving needs of modern aircraft.
Segmentation Analysis
The Aircraft Wheels and Brakes Market is segmented based on component, aircraft type, and end-user.
Component: The market includes wheels, brakes, and braking systems. Brakes account for a significant share, as aircraft operators focus on improving braking efficiency to reduce maintenance costs and enhance safety.
Aircraft Type: The market serves both commercial and military aircraft. The commercial aviation segment holds a larger share, fueled by fleet expansion programs by leading airlines. Meanwhile, the military aviation sector is witnessing increased demand for advanced braking systems due to rising defense expenditures.
End-User: The two primary end-users are OEMs (Original Equipment Manufacturers) and aftermarket services. While OEMs dominate due to the increasing production of new aircraft, the aftermarket segment is growing rapidly as airlines prioritize regular maintenance and replacements to extend fleet lifespan.
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Country-Level Analysis
United States: With the largest commercial and military aircraft fleet, the U.S. leads the market. Major OEMs and maintenance service providers are continuously innovating to meet stringent safety regulations.
Germany: A key player in the European aviation sector, Germany is witnessing rising demand for aircraft braking system upgrades due to strict environmental and safety standards.
China: China's rapid aviation expansion, supported by government initiatives, has significantly increased demand for new aircraft wheels and brakes, making it one of the fastest-growing markets.
France: Home to major aerospace manufacturers, France is a crucial hub for aircraft component production. Investments in sustainable and lightweight braking technologies are driving market growth.
India: As air travel demand soars, Indian airlines are focusing on upgrading and expanding their fleets. The aftermarket sector is also growing rapidly due to increasing maintenance needs.
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Competitor Analysis
The Aircraft Wheels and Brakes Market is highly competitive, with key players focusing on innovation, acquisitions, and strategic partnerships to strengthen their market position. Major companies dominating the market include Safran Landing Systems, Collins Aerospace, Honeywell International Inc., Meggitt PLC, and Parker Hannifin Corporation.
Safran
Crane Aerospace & Electronics
Honeywell International Inc
RTX Corporation
Parker-Meggitt
Collins aerospace
AAR corporation
Beringer Aero
Matco Manufacturing Co
Lufthansa Technik AG
Jay em aerospace & Machine
TP Aerospace.
Nasco Aircraft Brake Inc.
Dakota Cub Aircraft, Inc.
Bauer, Inc
Grove aircraft landing gear systems
Carlisle Brake & Friction
KUNZ GmbH
The Carlyle Johnson Machine Company, LLC.
Recent industry developments include:
Safran Landing Systems continues to develop advanced lightweight braking systems for fuel-efficient aircraft.
Collins Aerospace has expanded its MRO (Maintenance, Repair, and Overhaul) capabilities to support growing airline demands.
Honeywell International is investing in smart braking solutions, integrating predictive maintenance technologies.
Meggitt PLC has been focusing on carbon braking systems to improve aircraft efficiency.
Parker Hannifin Corporation is enhancing its braking components to cater to next-generation aircraft.
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Press Release Conclusion
The Aircraft Wheels and Brakes Market is set for substantial growth, fueled by rising air traffic, fleet modernization, and advancements in braking technology. As airlines and defense organizations prioritize safety, efficiency, and sustainability, investments in innovative aircraft braking systems will continue to accelerate. With key industry players driving technological innovation, the market is poised to experience significant expansion in the coming years.
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