Aircraft Brake System Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Aircraft Brake System Market Size By 2025?
The market size of the aircraft brake system has experienced robust growth in the past few years. It is projected to balloon from $10.29 billion in 2024 to $11.18 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. The expansion in the historical period can be traced back to the expansion of the aircraft fleet, regulatory norms, commercial air commuting, the surge in global air journeys, and military modernization.

How Big Is the Aircraft Brake System Market Size Expected to Grow by 2029?
The market for aircraft brake systems is expected to witness robust expansion in the ensuing years, with a projection to hit a value of $15.51 billion in 2029 at a compound annual growth rate of 8.5%. Factors contributing to this uptick during the estimated period encompass developments in electric and hybrid aircraft, urban air mobility, remote and unmanned aircraft, space tourism and exploration, as well as green aviation initiatives. The forTH*Coming period is also anticipated to be marked by key advancements such as technological leaps, electro-mechanical braking, the emergence of advanced friction materials, wireless brake monitoring, and improved anti-skid technology.

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Which Key Market Drivers Powering Aircraft Brake System Market Expansion and Growth?
The projected rise in the quantity of both commercial and defense aircraft is anticipated to stimulate the aircraft brake system market growth. The aircraft fleet of an airline denotes the number of planes it operates. With an expanding fleet, there is a corresponding need for an increased number of braking systems in the aircraft and the replacement of existing ones. For instance, Boeing, an American aerospace corporation, predicts in its commercial market forecast for 2021-2040 that the worldwide commercial fleet will surpass 49,000 airplanes by 2040. Consequently, the enlarging size of commercial and defense aircraft fleets is catalyzing the expansion of the aircraft brake system market.

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Which Fast-Growing Trends Are Poised to Disrupt the Aircraft Brake System Market?
The aircraft brake system market is being moulded by strategic partnerships and collaborations. These alliances allow partners to create innovative solutions for their clientele, venture into fresh markets and garner crucial expertise and resources. For example, in July 2024, UK-based electronics manufacturer TT Electronics joined forces with US-based motion and control technology company, Parker Hannifin corporation. The primary focus of this collaboration is the production of intricate electronic assemblies for commercial aircraft braking systems, which will continue until 2027. This partnership is indicative of the growing demand and burgeoning opportunities within the commercial aerospace sector, as well as the ongoing renewal of global aircraft fleets.

What Are the Emerging Segments in the Aircraft Brake System Market?
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

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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Aircraft Brake System Industry?
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.

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