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Aircraft Braking System Market by Component (Wheels, Brake Discs, Brake Housing, Valves, Actuators, Accumulator, Electronics), by Actuation (Independent brake systems, Boosted brake systems, Power brake systems), by Aircraft Type (Fixed-wing, Rotary-wing, Unmanned aerial vehicles, Advanced air mobility), by End-use Industry (OEM, Aftermarket), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, ANZ, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Aircraft Braking System Market was valued at USD 6.8 Billion in 2023 and is projected to reach USD 8.95 Billion by 2032, with an expected CAGR of 4% during the forecast period. The market for Aircraft Braking Systems consists of creating, evolving, and producing braking systems for airplanes to guarantee secure and effective slowing down during landing, takeoff, and on-ground activities. "Such systems consist of elements like wheels, brakes, anti-skid systems, as well as hydraulic or electric actuators that oversee the force and regulation of aircraft braking." The market is influenced by the growing need for aircraft safety, performance, and fuel efficiency, along with the increasing air traffic and expansion of the global fleet. Development in braking technology, like carbon composite brakes, is driving the market due to their enhanced heat resistance, lightweight, and extended durability. Furthermore, advancements in digital and autonomous braking systems, which are designed to improve dependability and lower maintenance expenses, are becoming more popular. Due to the increased emphasis on sustainability and cost-effectiveness in the aviation sector, there are also developments in energy-efficient solutions within the Aircraft Braking System Market. The market for braking systems is predicted to grow due to the increasing demand for safe, high-performance, and technologically advanced systems in both commercial and military aviation sectors.
The aircraft braking system market is concentrated with a few key players holding a dominant share. The market is characterized by high barriers to entry, including the need for specialized expertise, stringent quality control, and regulatory compliance, making it challenging for new entrants to gain a significant foothold.
The industry is highly regulated, with aircraft braking systems subject to rigorous testing and certification standards imposed by regulatory authorities such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA). This regulatory environment ensures the compliance and safety of aircraft braking systems.
The aircraft braking system market is influenced by several key trends, including:
The aircraft braking system market has witnessed steady growth over the past few years and is expected to continue on this trajectory in the coming years, driven by the aforementioned factors. The market is analyzed in terms of market size, market share, and growth rate.
Component:
Actuation:
Aircraft Type:
End-use Industry:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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