Aircraft Braking System Market by Component, Brakes Type, Deployment, End-user, Aircraft Type

Description

List of Tables

[181 Pages Report] The Aircraft Braking System Market size was estimated at USD 12.02 billion in 2023 and expected to reach USD 12.83 billion in 2024, at a CAGR 6.91% to reach USD 19.19 billion by 2030.

The aircraft braking system is critical for ensuring the safety and performance of aircraft during landing, takeoff, and taxiing operations. Braking systems are essential for ensuring aircraft can be securely slowed and brought to a stop during landing and for maintaining position during ground operations, including taxiing and parking. The primary application of aircraft braking systems is to decelerate and stop an aircraft safely during ground operations. The rise in global air traffic, advancements in brake technology, and stringent safety regulations imposed by aviation authorities have expanded the use of aircraft braking systems. Expanding military budgets and developing new aircraft models contribute to the growth of aircraft braking systems. The high cost of advanced material systems and stringent certification standards can limit the use of aircraft braking systems. Additionally, dependence on a limited number of suppliers for specialized components and stringent regulatory norms for aircraft braking systems pose significant challenges to the market. However, adopting new materials, such as carbon composites, presents substantial opportunities for aircraft braking systems. The expansion of the global aircraft fleet and the need to modernize aging aircraft with better braking systems provide considerable commercial prospects. Furthermore, innovations in electric aviation and tilt-rotor craft create new avenues for deploying advanced braking technologies worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 12.02 billion
Estimated Year [2024]	USD 12.83 billion
Forecast Year [2030]	USD 19.19 billion
CAGR (%)	6.91%

Component: Increasing use of advanced electronics in aircraft braking systems

The accumulator in an aircraft braking system is a hydraulic device used to store pressurized fluid. The need for accumulators is often dictated by the aircraft's size and the braking system's complexity. Actuators within the braking system serve to convert the hydraulic or electric control inputs into mechanical force, directly applying or releasing the brakes. Precision and reliability are paramount for actuator preference as they directly affect braking efficiency and safety. Brake discs are the components that interface with the brake pads to slow down the aircraft by converting kinetic energy into thermal energy. The brake housing, or caliper, is the assembly within which brake discs and pads are housed. Brake housing protects the brake's internal components and ensures optimal operation. The electronics component encompasses the control systems that interpret pilot inputs and sensor data to operate the braking system. These electronic systems include brake control units, anti-skid systems, and monitoring systems that ensure the brakes are applied correctly under various conditions. Valves in an aircraft braking system control the flow and pressure of the hydraulic fluid. The quality and precision valves directly impact the responsiveness and modulation of the braking force. Aircraft wheels are designed to carry heavy loads, provide a mounting place for the braking system, and ensure safe operations during takeoff, landing, and taxi operations.

Brakes Type: Rising preference for power brake systems to enhance the safety and operational efficiency

Boosted brake systems are typically found in smaller aircraft that do not necessitate the complexity of a full-power brake system. Boosted brake systems use the pilot's input to enhance the braking effect with hydraulic or pneumatic power assistance. Boosted brakes improve performance over unassisted manual systems and are suitable for aircraft that balance the need for enhanced braking power and system simplicity. On the other hand, independent brake systems are often deployed for aircraft that require dual control or where fine control of the braking on individual wheels is necessary. Each main landing gear wheel has its braking unit, and the pilot can operate them separately, which allows for differential braking that can be used to steer the aircraft on the ground. Power brake systems are commonly deployed in large aircraft fleets, including commercial airlines and military jets. Power brake systems offer the highest level of performance and safety, essential for high-speed, heavy aircraft. Power brakes function using hydraulic or electric systems to multiply the braking force applied by the pilot, allowing for effective deceleration and control.

Deployment: Availability of cost-efficient aircraft braking systems in aftermarket channels

The aftermarket channel comprises parts offered after the original sale of the aircraft braking system. The aftermarket channel caters to braking system maintenance, repair, and overhaul (MRO) needs throughout an aircraft's operating life cycle. Aircraft operators prefer aftermarket channels to ensure compliance with safety regulations, perform regular maintenance, and replace worn or obsolete components. Aftermarket services tend to be more cost-effective in the long run when compared to constantly purchasing new equipment from original equipment manufacturers (OEMs). Operators can source parts from multiple suppliers, which encourages competitive pricing and the availability of a wider range of products. On the other hand, the OEM channel includes manufacturers providing the original aircraft braking systems installed during the assembly of new aircraft. Aircraft manufacturers partner with OEM providers to equip new aircraft with reliable and efficient braking systems. OEM providers are preferred for their cutting-edge technology and the assurance of high-quality, first-generation products.

End-user: Emphasis on advanced braking systems by military sectors to operate in unconventional areas

The commercial users of aircraft braking systems involve braking systems tailored for airliners, regional jets, and business jets. The primary focus of commercial users is on efficiency, reliability, and safety, as these systems are crucial for the high-frequency takeoff and landing cycles of commercial aviation. Passenger airlines, cargo airlines, charter service, air freight, and logistics airlines prefer energy-efficient aircraft braking systems to reduce fuel consumption and ensure operational efficiency. The military segment of the aircraft braking system market focuses on the unique requirements of military aircraft, including fighter jets, transport aircraft, and special mission aircraft. Durability under extreme conditions, compatibility with carrier-based operations, and survivability are critical factors driving the development and procurement of braking systems in the military aviation space. Medical and emergency aircraft, such as air ambulances, need high-performance braking systems for rapid response capabilities. Military aircraft often operate in and out of unconventional runways, which places additional importance on the reliability and effectiveness of the aircraft's braking mechanisms.

Aircraft Type: Proliferating usage of aircraft braking systems in fixed-wing aircraft for high degree of control

Fixed-wing aircraft require robust, reliable braking systems to ensure safety during landing and on-ground maneuvering. The braking systems for fixed-wing aircraft typically include brake discs, pads, control systems, and actuators. Preference for braking systems in fixed-wing aircraft inclines toward those that provide high control and redundancy, ensuring safe operation under diverse conditions. Rotary-wing aircraft focused on precise control during hover and low-speed maneuvering rather than high-speed braking. The rotors provide the primary stopping power when airborne, and the wheel-equipped landing gear has brakes for on-ground operations, which are less complex than those found on fixed-wing aircraft. The braking systems for unmanned aerial vehicles are highly specialized, with a preference for lightweight, compact, and recoverable solutions, especially in military applications.

Regional Insights

The presence of major aerospace corporations, increasing investments in new aircraft fleets, and advancing development in military aircraft have led to the need for advanced aircraft braking systems in the Americas. The Americas region shows significant investments in the aerospace sector, facilitating the adoption of newer technologies in aircraft braking systems. The European Union (EU) landscape for aircraft braking systems observes stringent regulations and high safety standards. Countries including France, Germany, and the United Kingdom represent some of the major aerospace companies that demand cutting-edge technology, including aircraft braking systems, to ensure the operational safety of aircraft. The EU's environmental policies also push for more environmentally sustainable and efficient braking systems. In the Middle East and Africa, the market for aircraft braking systems is influenced by the expansion of airline fleets and the modernization of existing aircraft. With its key transit hubs and premium airlines, the Middle East highly values aircraft performance, including braking systems. The Asia-Pacific region is experiencing burgeoning growth in the aviation sector. The rapidly growing commercial airline industry and the government's push for indigenous aircraft production in emerging economies heighten the demand for advanced braking systems. The expanding air travel and military modernization programs are catalysts for increased demand for aircraft braking systems in developed economies across the Asia-Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Aircraft Braking System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aircraft Braking System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Aircraft Braking System Market, highlighting leading vendors and their innovative profiles. These include AAR CORP., Airbus SE, Aircraft End-of-Life Solutions B.V., AMETEK.Inc., Arkwin Industries, Inc., Astronics Corporation, Aviation Products Systems Inc., Bauer, Inc., Beringer Aero, Collins Aerospace by RTX Corporation, Crane Aerospace & Electronics, Eaton Corporation PLC, Electromech Technologies LLC, GOLDfren, Grove Aircraft Landing Gear Systems Inc., Hindustan Aeronautics Limited, Honeywell International Inc., Hong Kong Aircraft Engineering Company Limited by Swire Group Company, Kaman Corporation, Lee Air, Inc., Leonardo S.p.A., Liebherr-International Deutschland GmbH, Lockheed Martin Corporation, Lufthansa Technik AG, Matco Aircraft Landing Systems, McFarlane Aviation, LLC, Meggitt PLC by Parker-Hannifin Corporation, Moog Inc., NMG Aerospace Components, Northrop Grumman Corporation, OMA SpA, Rapco, Inc., Safran S.A., SAM GmbH, Sonex Aircraft, LLC, Tactair Fluid Controls Inc., Textron Inc., The Carlyle Johnson Machine Company, LLC by RINGFEDER POWER TRANSMISSION GMBH, Umbria Aerospace Systems S.p.A., and Whippany Actuation Systems LLC.

Market Segmentation & Coverage

This research report categorizes the Aircraft Braking System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Accumulator
- Actuators
- Brake Discs
- Brake Housing
- Electronics
- Valves
- Wheels

Brakes Type
- Boosted Brake
- Independent Brake
- Power Brake

Deployment
- Aftermarket
- OEM

End-user
- Commercial
- Military

Aircraft Type
- Fixed Wing
- Rotary Wing
- Unmanned Aerial Vehicles

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Aircraft Braking System Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aircraft Braking System Market?

3. What are the technology trends and regulatory frameworks in the Aircraft Braking System Market?

4. What is the market share of the leading vendors in the Aircraft Braking System Market?

5. Which modes and strategic moves are suitable for entering the Aircraft Braking System Market?

Product Code: MRR-BB6269D14238

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing commercial aviation globally
  - 5.1.1.2. Increasing manufacturing activities of new aircraft
- 5.1.2. Restraints
  - 5.1.2.1. High costs of manufacturing aircraft braking systems and the need for frequent maintenance
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in aircraft braking systems
  - 5.1.3.2. Development of the unmanned aerial vehicles industry
- 5.1.4. Challenges
  - 5.1.4.1. Issues related to overheated brakes and incidence of aircraft braking failure
5.2. Market Segmentation Analysis
- 5.2.1. Component: Increasing use of advanced electronics in aircraft braking systems
- 5.2.2. Brakes Type: Rising preference for power brake systems to enhance the safety and operational efficiency
- 5.2.3. Deployment: Availability of cost-efficient aircraft braking systems in aftermarket channels
- 5.2.4. End-user: Emphasis on advanced braking systems by military sectors to operate in unconventional areas
- 5.2.5. Aircraft Type: Proliferating usage of aircraft braking systems in fixed-wing aircraft for high degree of control
5.3. Market Trend Analysis
- 5.3.1. Proliferating investments to enhance the aircraft fleets creating demand for aircraft braking systems in the Americas
- 5.3.2. Rapidly growing air transportation and ongoing fleet modernization programs in the Asia-Pacific
- 5.3.3. Well-established aircraft manufacturing sector and emphasis on aircraft safety across EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Aircraft Braking System Market, by Component

6.1. Introduction
6.2. Accumulator
6.3. Actuators
6.4. Brake Discs
6.5. Brake Housing
6.6. Electronics
6.7. Valves
6.8. Wheels

7. Aircraft Braking System Market, by Brakes Type

7.1. Introduction
7.2. Boosted Brake
7.3. Independent Brake
7.4. Power Brake

8. Aircraft Braking System Market, by Deployment

8.1. Introduction
8.2. Aftermarket
8.3. OEM

9. Aircraft Braking System Market, by End-user

9.1. Introduction
9.2. Commercial
9.3. Military

10. Aircraft Braking System Market, by Aircraft Type

10.1. Introduction
10.2. Fixed Wing
10.3. Rotary Wing
10.4. Unmanned Aerial Vehicles

11. Americas Aircraft Braking System Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Aircraft Braking System Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Aircraft Braking System Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Honeywell to Supply Wheels And Brakes for Emirates' A380 Aircraft Fleet
- 14.3.2. Rosebank Opens F-35 Wheels and Brakes Repair Depot
- 14.3.3. Safran Inaugurates ExceLAB, an Industry 4.0 Center Dedicated to Excellence in Landing and Braking Systems Testing
- 14.3.4. Safran Landing Systems Kentucky Confirms Expansion in Boone County
- 14.3.5. Delta Swoops In, Takes A 95% Interest In Troubled Wheels Up
- 14.3.6. AELS successfully completes acquisition of Boeing 737-800
- 14.3.7. Derco Signs 3-Year Agreement With Collins Aerospace
- 14.3.8. VSE Officially Acquires Desser Aerospace
- 14.3.9. GKN Aerospace Overhauls First F-35 Wheels And Brakes Assemblies For European Fleet
- 14.3.10. Safran Lands Eurodrone Contracts for Brakes, Wheels and Sensors
- 14.3.11. AllClear's Agreement with Honeywell Aerospace will Benefit Global Customers

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio