Large Aircraft Braking System Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

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What Is the Expected Large Aircraft Braking System Market Size During the Forecast Period?_x000D_
The size of the sizable aircraft braking system market has witnessed robust expansion in the past few years. Its anticipated increase is marked from $2.60 billion in 2024 to reach $2.77 billion by 2025, revealing a compound annual growth rate (CAGR) of 6.6%. The remarkable growth observed during the historical period results from factors such as surging demand for air travel, expansion of the commercial aviation fleet, emphasis on improvements in aircraft safety, an increment in long-distance flights, and expansion in the size of commercial fleets._x000D_
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Anticipated robust expansion is on the horizon for the large aircraft braking system market, which is predicted to reach a valuation of $3.55 billion by 2029, boasting a compound annual growth rate (CAGR) of 6.4%. Factors driving this growth during the forecast period include heightened new aircraft deliveries, an influx in the modernization of matured aircraft fleets, soaring defense and military budgets, escalated commercial aircraft functions, and a focus on enhancing fuel efficiency and reducing emissions. Foreseen trends within this period revolve around the incorporation of electric braking systems, the inclusion of smart sensors in braking systems, the creation of lightweight composite materials, the application of predictive maintenance technologies, and marked progress in braking technology._x000D_
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What Are the High-Growth Segments in the Large Aircraft Braking System Market?_x000D_
The large aircraft braking system market covered in this report is segmented -_x000D_
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1) By Component: Brake Control Systems, Brake Actuators, Brake Discs, Brake Pads, Anti-Skid Control Systems_x000D_
2) By Technology: Hydraulic Brakes, Pneumatic Brakes, Electromechanical Brakes_x000D_
3) By Braking Type: Carbon Brakes, Steel Brakes_x000D_
4) By Aircraft Type: Commercial Aircraft, Military Aircraft, Business Jets_x000D_
5) By End-User: Original Equipment Manufacturers (OEMs), After market_x000D_
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Subsegments:_x000D_
1) By Brake Control Systems: Hydraulic Control Systems, Electronic Control Systems_x000D_
2) By Brake Actuators: Hydraulic Actuators, Electro-Hydraulic Actuators, Electric Actuators_x000D_
3) By Brake Discs: Steel Discs, Carbon-Carbon Composite Discs, Carbon-Ceramic Discs_x000D_
4) By Brake Pads: Organic Brake Pads, Semi-Metallic Brake Pads, Carbon Composite Brake Pads_x000D_
5) By Anti-Skid Control Systems: Fully Integrated Systems, Modular Systems_x000D_
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What Key Drivers Are Expected to Influence Future Large Aircraft Braking System Market Growth?_x000D_
The surge in commercial aircraft operations is predicted to stimulate expansion in the large aircraft braking system market. Commercial aircraft operations, which consist of passenger and cargo transportation processes like flight scheduling, aircraft servicing, and maintaining aviation safety standards, are witnessing a growth surge. This upswing is attributable to increased usage of air travel for both business and leisure activities. Large aircraft braking systems are pivotal for commercial planes to ensure a safe and efficient slowing process during landing. These systems allow the plane to quickly decelerate and halt entirely within the runway's parameters, preventing accidents and enabling seamless operations. For instance, as per the International Air Transport Association (IATA), a trade body based in Canada, in March 2024, there was a rise of 18.4% in global air cargo, relative to January 2023. Simultaneously, European airlines saw a 16.4% increase in air cargo volumes in January, compared to the same month in 2023. This increasing need for commercial aircraft operations, therefore, is fueling the growth in the large aircraft braking system market._x000D_
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Which Companies Hold the Largest Share Across Different Large Aircraft Braking System Market Segments?_x000D_
Major companies operating in the large aircraft braking system market are Boeing Company, Honeywell International Inc., Safran S.A., Thales Group, Parker Hannifin Corporation, Lufthansa Technik AG, Moog Inc., Meggitt PLC, AAR Corp., Crane Aerospace & Electronics, Triumph Group Inc., Kaman Corporation, Sumitomo Precision Products Co. Ltd., Farinia Group, HYDRO SYSTEMS GmbH & Co. KG, NMG Aerospace, Liebherr-International AG, NASCO Aircraft Brake Inc., UTC Aerospace Systems, MATCO Manufacturing Inc._x000D_
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What Trends Are Driving Growth in The Large Aircraft Braking System Market?_x000D_
In the large aircraft braking system market, leading businesses are resorting to strategic partnerships to spur innovation, streamline manufacturing processes, and fortify their global presence. Strategic partnerships entail a cooperative alliance between multiple entities striving collectively for shared benefits, often via pooled resources, expertise, or capabilities. For instance, in December 2022, American Airlines Inc., a US aviation company, entered into a collaboration with Safran Landing Systems, a US provider of large aircraft braking systems. The collaboration aims to outfit its Boeing 737NG fleet with advanced carbon brakes aligned with brake-by-wire technology. These brakes are considerably lighter and more long-lasting, resulting in reduced carbon emissions and operational overheads, consistent with the sustainability objectives of American Airlines._x000D_
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What Are the Emerging Geographies for The Large Aircraft Braking System Market Growth?_x000D_
North America was the largest region in the large aircraft braking system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the large aircraft braking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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Frequently Asked Questions:_x000D_
1. What Is the Market Size and Growth Rate of the Large Aircraft Braking System Market?_x000D_
2. What is the CAGR expected in the Large Aircraft Braking System Market?_x000D_
3. What Are the Key Innovations Transforming the Large Aircraft Braking System Industry?_x000D_
4. Which Region Is Leading the Large Aircraft Braking System Market?_x000D_
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Why This Report Matters:_x000D_
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