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Aircraft Braking System Market Size, Share, and Analysis, By Aircraft Type (Fixed Wing, Rotary Wing and Unmanned aerial vehicles), By Actuation (Power Brake, Boosted Brake, and Independent Brake), By Component (Wheels, Brake Discs, Brake Housing, Valves, Actuators, Accumulators and Electronics) and By Distribution (OEM and Replacement) and Regional Forecasts, 2022-2032
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Aircraft Braking System Market Size, Share, and Analysis, By Aircraft Type (Fixed Wing, Rotary Wing and Unmanned aerial vehicles), By Actuation (Power Brake, Boosted Brake, and Independent Brake), By Component (Wheels, Brake Discs, Brake Housing, Valves, Actuators, Accumulators and Electronics) and By Distribution (OEM and Replacement) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW:
The Aircraft Braking System market size was USD 9.76 billion in 2021 and projected to grow from USD 10.6 billion in 2023 to USD 15.1 billion by 2032, exhibiting a CAGR of 4% during theThe Aircraft Braking System market size was USD 9.76 billion forecast period.
Aircraft Braking System is used to reduce the speed of aircraft during landing on the runway. It is an essential component to ensure safety and control of the directional of an aircraft during ground operations like landing, take-off & taxiing. The introduction of Aircraft Braking System needs an extensive engineering. Aircraft brakes are operated through hydraulically or pneumatically, disc. Several new variations of aircraft brake systems were designed like single, dual and multiple disc, and rotor-disc brakes. Perfectly designed aircraft brake system can withstand unfavorable conditions and resist the plane from accidents. Majority of aircraft brake systems are made as per fixed standards.
MARKET HIGHLIGHTS
Aircraft Braking System Market is expected to project a CAGR of 4% during the forecast period, 2022-2032
The Aircraft Braking System Market is expected to reach USD 15.1 billion at a CAGR of 4% during forecast period. Market growth is driven by factors like increasing focus on safety of an airplane during various operations like landing, take-off and taxiing, increase in commercial aircraft operating industry & increase production of planes due to increased air traffic globally. Technological improvements in aircraft braking components, like integrated self-powered brake systems, is driving market revenue growth.
AIRCRAFT BRAKING SYSTEM MARKET SEGMENTATION:
Fixed Wing segment is expected to grow with high CAGR during the forecast period
Aircraft Breaking System Market is classified based on the Aircraft type into Fixed Wing, Rotary Wing and Unmanned aerial vehicles. The Fixed Wing segment is expected to account for largest share during the forecast period. A fixed-wing aircraft has wings which are static, do not move and is propelled by a propeller. These are frequently utilized for longer trips than other aircraft owing to the ability to travel longer distance without refueling. Brake system has an anti-skidding control feature, to adjust brake pressure in accordance with runway apparent condition which ensures that the aircraft is at multiple runways and protects against pollution which could compromise safety and reliability.
Power Brake segment is expected to grow with high CAGR during 2022-2032
MARKET DYNAMICS:
Growth Drivers
Increased Air Traffic is Expected to Boost the Growth of the Market
Technological Improvements is Expected to Boost the Growth of the Market
Restraint
Stringent Regulatory Norms May Restrain the Market Growth
AIRCRAFT BRAKING SYSTEM MARKET_KEY PLAYERS
• Safran
• Meggitt PLC
• Beringer Aero
• Collins Aerospace
• Honeywell International, Inc.
• Jay-Em Aerospace
• Matco MFG
• Grove Aircraft Braking Systems Inc.
• Crane Holdings, Co.
• Parker-Hannifin Corp
• Other Prominent Players
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
REGIONAL ANALYSIS
Aircraft Braking System Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America market is expected to account for largest share during the forecast period owing to increasing aerospace mergers & various activities by key market players. Asia Pacific market is expected to register fastest CAGR owing to increasing activities by key market players. Anti-Skid Braking System will improve operations at airports having short runways. Hence, increasing activities by market players is leading to an increased demand for aircraft braking system, which is expected to drive market revenue growth.
AIRCRAFT BRAKING SYSTEM MARKET REPORT ALSO CONTAINS ANALYSIS ON:
Aircraft Braking System Market Segments:
• By Aircraft Type
o Fixed Wing
o Rotary Wing
o Unmanned aerial vehicles
• By Actuation
o Power Brake
o Boosted Brake
o Independent Brake
• By Component
o Wheels
o Brake Discs
o Brake Housing
o Valves
o Actuators
o Accumulators
o Electronics
• By Distribution
o OEM
o Replacement
• Aircraft Braking System Market Dynamics
• Aircraft Braking System Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.
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Table of Content
1 Executive Summary
1.1. Regional Market Share
1.2. Business Trends
1.3. Aircraft Braking System Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 Research Methodology
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 Market Characteristics
3.1. Market Definition
3.2. Aircraft Braking System Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 Aircraft Braking System Market – Industry Insights
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 Macroeconomic Indicators
6 Recent Developments
7 Market Dynamics
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 Risk Analysis
9 Market Analysis
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 Aircraft Braking System Market
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 Aircraft Braking System Market Size & Forecast 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Aircraft Type
11.3.1.1. Fixed Wing
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Rotary Wing
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Unmanned aerial vehicles
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Actuation
11.3.2.1. Power Brake
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Boosted Brake
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Independent Brake
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3. By Component
11.3.3.1. Wheels
11.3.3.1.1. By Value (USD Million) 2022-2032F
11.3.3.1.2. Market Share (%) 2022-2032F
11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.2. Brake Discs
11.3.3.2.1. By Value (USD Million) 2022-2032F
11.3.3.2.2. Market Share (%) 2022-2032F
11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.3. Brake Housing
11.3.3.3.1. By Value (USD Million) 2022-2032F
11.3.3.3.2. Market Share (%) 2022-2032F
11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.4. Valves
11.3.3.4.1. By Value (USD Million) 2022-2032F
11.3.3.4.2. Market Share (%) 2022-2032F
11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.5. Actuators
11.3.3.5.1. By Value (USD Million) 2022-2032F
11.3.3.5.2. Market Share (%) 2022-2032F
11.3.3.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.6. Accumulators
11.3.3.6.1. By Value (USD Million) 2022-2032F
11.3.3.6.2. Market Share (%) 2022-2032F
11.3.3.6.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.7. Electronics
11.3.3.7.1. By Value (USD Million) 2022-2032F
11.3.3.7.2. Market Share (%) 2022-2032F
11.3.3.7.3. Y-o-Y Growth (%) 2022-2032F
11.3.4. By Distribution
11.3.4.1. OEM
11.3.4.1.1. By Value (USD Million) 2022-2032F
11.3.4.1.2. Market Share (%) 2022-2032F
11.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.2. Replacement
11.3.4.2.1. By Value (USD Million) 2022-2032F
11.3.4.2.2. Market Share (%) 2022-2032F
11.3.4.2.3. Y-o-Y Growth (%) 2022-2032F
12 North America Aircraft Braking System Market Size & Forecast 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Aircraft Type
12.3.2. By Actuation
12.3.3. By Component
12.3.4. By Distribution
12.4. Country
12.4.1. United States
12.4.2. Canada
13 Europe Aircraft Braking System Market Size & Forecast 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Aircraft Type
13.3.2. By Actuation
13.3.3. By Component
13.3.4. By Distribution
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 Asia Aircraft Braking System Market Size & Forecast 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Aircraft Type
14.3.2. By Actuation
14.3.3. By Component
14.3.4. By Distribution
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 Middle East and Africa Aircraft Braking System Market Size & Forecast 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Aircraft Type
15.3.2. By Actuation
15.3.3. By Component
15.3.4. By Distribution
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 Latin America Aircraft Braking System Market Size & Forecast 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Aircraft Type
16.3.2. By Actuation
16.3.3. By Component
16.3.4. By Distribution
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 Competitive Landscape
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 Company Profiles
18.1. Safran
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Meggitt PLC
18.3. Beringer Aero
18.4. Collins Aerospace
18.5. Honeywell International, Inc.
18.6. Jay-Em Aerospace
18.7. Matco MFG
18.8. Grove Aircraft Braking Systems Inc.
18.9. Crane Holdings, Co.
18.10. Parker-Hannifin Corp
18.11. Other prominent players
19 Appendix
20 Consultant Recommendation
Tables and Figures
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MARKET_KEY PLAYERS
• Safran
• Meggitt PLC
• Beringer Aero
• Collins Aerospace
• Honeywell International, Inc.
• Jay-Em Aerospace
• Matco MFG
• Grove Aircraft Braking Systems Inc.
• Crane Holdings, Co.
• Parker-Hannifin Corp
• Other Prominent Player
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