Aircraft Brake System Market Expansion Outlook: $15.18 Billion in 2029

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What Is the Projected CAGR for the Aircraft Brake System Market from 2024 to 2025?
In the last few years, the aircraft brake system market size has experienced robust growth. From $10.29 billion in 2024, it is projected to flourish to $11.11 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. This substantial increase during the historic period can be ascribed to various factors such as the expansion of aircraft fleets, regulatory standards, a surge in commercial air travel, the rise in global air travel, and the modernization of the military.

What are the Expected Market Size and CAGR for Aircraft Brake System by 2029?
The airplane brake system market is set to witness robust expansion in the forthcoming years, surging to a value of $15.18 billion by 2029 with a compound annual growth rate (CAGR) of 8.1%. Factors such as electric and hybrid aircraft, urban air mobility, remote and unmanned aircraft, space tourism and exploration, and green aviation initiatives are contributing to this predicted growth. The forecast period is expected to see major trends such as technological advancements, electro-mechanical braking, advanced friction materials, wireless brake monitoring, and advanced anti-skid technology.

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Which Factors Are Driving the Global Aircraft Brake System Market Expansion?
The projection for growth in the aircraft brake system market is linked with the anticipated expansion in the fleet size of both commercial and defense aircraft. In aviation terms, the aircraft fleet refers to the total number of airplanes a particular airline operates. As this fleet expands, the need for more braking systems escalates since they have to be installed in the new aircraft, as well as replace the existing ones in the older aircraft. Data drawn from Boeing, an American aerospace firm's commercial market outlook for 2021-2040 suggests that the global commercial fleet is likely to surpass 49,000 airplanes by 2040. Consequently, this escalation in the fleet size, covering both commercial and defense aircraft, is identified as a key driver of the aircraft braking system market.

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Which Segment Currently Holds the Largest Share of 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

Which Major Trends Are Shaping the Future of the Aircraft Brake System Industry?
The aircraft brake system market is being molded by strategic alliances and collaborations. These strategic alliances not only help partners to develop groundbreaking solutions for their clientele and penetrate new markets, but also pool crucial expertise and resources. A case in point is the partnership formed in July 2024 between TT Electronics, a UK-based electronics manufacturing firm, and Parker Hannifin Corporation, a company specializing in motion and control technologies from the US. The crux of this partnership revolves around the manufacture of intricate electronic assemblies for commercial aircraft brakes systems until 2027. It's also indicative of the mounting demand and growth prospects in the commercial aerospace sector, as well as the ongoing refurbishment of aircraft fleets worldwide.

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Which Key Players Dominate the Aircraft Brake System Industry Globally?
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

What Are the Fastest-Growing Regions 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.

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