Aerospace and Defense Steel Brakes Market to Reach US$ 776.2 Million by 2034, Says Stratview Research

The global Aerospace and Defense Steel Brakes Market encompasses the demand, supply, and deployment of steel-based aircraft brake systems across commercial, regional, general aviation, and military applications. According to Stratview Research, the market was valued at US$ 608.7 million in 2024 and is projected to grow at a CAGR of 2.5%, reaching US$ 776.2 million by 2034. The principal growth driver is the sustained expansion of commercial aviation activity, which fuels steady aftermarket and OEM demand for reliable, cost-effective steel braking systems due to their proven durability and lower maintenance costs compared to alternative materials.

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Market Statistics

• Market size (2024): US$ 608.7 million
• Forecast value (2034): US$ 776.2 million
• CAGR (2024-2034): 2.5%
• Forecast period: 2025-2034
• Base year: 2024
• Total number of segments: 3 (Application Type; End-Use Type; Region)
Tables & figures: 100+
Country-Level Market Assessment: 20

Market Segmentation

By Application Type
• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Military Aircraft

By End-Use Type
• OEM
• Aftermarket

By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World

Segment Analysis

Application Type: The commercial aircraft segment currently leads the aerospace and defense steel brakes market, driven by extensive use of steel brakes across large fleets of regional and narrow-body planes that favor cost-effective and durable braking solutions. This segment's dominance is further reinforced by continued global expansion of passenger air travel, which ensures recurring aftermarket demand and supports OEM replacement cycles, making it a strategic focus for suppliers seeking stable revenue streams.

End-Use Type: The aftermarket category dominates the market, largely because legacy aircraft in service require frequent maintenance, refurbishment, and part replacement due to operational wear and tear. However, the OEM segment is forecasted to grow faster as new production of regional and narrow-body aircraft that still incorporate steel brake systems increases, highlighting opportunities for manufacturers to align production planning with emerging aircraft programs and cost-sensitive markets.

Region: North America holds the largest share in the aerospace and defense steel brakes market, supported by a strong aerospace ecosystem, high defense spending, and the presence of major OEMs and brake system manufacturers. This established regional infrastructure and ongoing investment in aviation technologies ensure leadership and attract continued supplier engagement.

Region: Asia-Pacific is the fastest-growing region, propelled by increasing air passenger traffic, growth of low-cost carriers, expanding commercial fleets, and robust aircraft production in countries such as China, India, and Japan. This dynamic growth engenders significant business opportunities for manufacturers and investors aiming to expand footprint in high-potential markets.

Market Drivers

• Rising commercial aviation activities boosting demand for aircraft components, including steel brakes.
• Strong aftermarket maintenance needs from legacy aircraft fleets.
• Cost-effectiveness and operational reliability of steel brakes compared to alternatives.
• Growth of aircraft production in emerging markets, particularly Asia-Pacific.
• OEM demand from new aircraft programs incorporating steel brake systems.

Competitive Landscape

Top Companies in the Market
• Meggitt PLC (part of Parker Hannifin Corp)
• Collins Aerospace
• Honeywell International Inc.

FAQs

1. What is the projected market value of the aerospace and defense steel brakes market by 2034?
The market is projected to reach US$ 776.2 million by 2034 at a 2.5% CAGR from 2024.
2. Which application type currently dominates the aerospace and defense steel brakes market?
Commercial aircraft is the dominant application type due to its extensive use of steel brakes and large aircraft fleets.
3. Between OEM and aftermarket, which end-use segment shows higher growth potential?
While aftermarket currently dominates, the OEM segment is expected to grow at a higher rate owing to new aircraft production.
4. Which region is the largest market for aerospace and defense steel brakes?
North America remains the largest market due to established aerospace capabilities and high defense spending.
5. What is driving growth in the Asia-Pacific aerospace and defense steel brakes market?
Growth is driven by increasing air passenger traffic, expanding commercial fleets, and rising aircraft production in the region.

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.