Aircraft Braking System Market size is anticipated to grow at a CAGR of over 4% between 2023 and 2032

Aircraft Braking System Market Size

Aircraft Braking System Market was USD 6.8 billion in 2022 and is expected to grow at a CAGR of more than 4% during the forecast period of 2023 to 2032.

The increased global demand for air travel, fueled by increased disposable incomes, urbanization, and an expanding middle-class population, has resulted in increased demand for new commercial aircraft. This, in turn, requires sophisticated braking systems to maintain safety while landing and ground maneuvers. In addition, airlines tend to increase their fleets to accommodate this increased demand, thus providing a big market for braking system suppliers. With increased aircraft fleets, older planes are retired or upgraded, thus calls for the fitting of new braking systems to be compatible with changing safety and efficiency measures.

Aircraft Braking System Market Report Attributes
Report Attribute Details
Base Year 2022
Aircraft Braking System Market Size in 2022\tUSD 6.8 Billion
Forecast Period\t2023 to 2032
Forecast Period 2023 to 2032 CAGR\t4%
2032 Value Projection\tUSD 10 Billion
Historical Data for\t2018 to 2022
No. of Pages\t220
Tables, Charts & Figures\t346
Segments covered\tUSD 10 Billion Component, Actuation, Aircraft Type, End-use industry & Region
Growth Drivers\t
Growing operations in the commercial aircraft sector
Technological advancements in aircraft braking components
Growing unmanned aerial vehicle industry
Growing demand for air travel
Growing fleets to cater to increasing travel demands
Pitfalls & Challenges
Long aircraft landing gears’ life
Manufacturing difficulties
Furthermore, ongoing technological developments in braking systems such as carbon brakes and anti-skid technology also fuel market growth as airlines require more efficient & reliable alternatives to minimize operating expenses and maximize passenger safety. For example, in May 2022, AllClear Aerospace & Defense (“AllClear”) has entered into a multi-year distribution agreement with Aircraft Wheel and Brake, LLC, a Kaman company. By this alliance, AllClear keeps growing its product line and military aerospace aftermarket support for KT-1 and KT-100 programs.

“Making airplane brakes is no simple matter. They’re really complicated and need to be really precise because they’re what prevent planes from crashing. They need to be really strong and safe, so they need to be produced with the best and newest materials and equipment. But this is the catchproducing these brakes in huge quantities and still making sure they’re all flawless is like walking on a tightrope. Even tiny errors can cause huge issues. So, in order to ensure these brakes are of the highest quality, companies must invest in high-tech equipment, employ the best staff, and monitor everything they do closely. But that can really cost a lot.”

COVID-19 Effect
The outbreak of COVID-19 across the world was a huge setback to the aircraft braking system market. With airplanes parked and air transport plummeting, demand for new aircraft and parts thereof, including braking systems, reached an all-time low. Airlines deferred periodic maintenance and replacement, which reduced replacements and overhaul of braking systems. The pandemic also tightened the aviation sector’s purse strings, and it became difficult for firms to invest in new technologies and upgrades. Even as air travel begins to recover, the aircraft braking system market is slow to bounce back. The pandemic’s wounds are still fresh, and the sector’s recovery to health is likely to be slow and rocky.

Aircraft Braking System Market Trends
The growth of electro-mechanical braking systems is a significant trend. They are essential for electric & hybrid-electric aircraft due to their ability to provide accurate control and the capacity to recover energy when braking, hence improving overall efficiency. Such systems offer regenerative braking, where kinetic energy is converted into electrical energy that can be stored or utilized to supply other aircraft systems. Electro-mechanical brakes are central to enabling the expansion of ‘green’ electric propulsion technology while offering a safer and more reliable braking option.

The trend towards integrated control systems for brakes is underway, with unobtrusive integration into aircraft avionics and data networks. This enables real-time monitoring of brake system performance, improving safety and ease of maintenance. These systems make predictive maintenance possible through data capture and analysis of the brake system to enable the operator to diagnose & fix potential issues before a problem arises. Having braking systems connected to other systems in the aircraft makes for smooth operation, safer operation, less downtime, and all factors for increased operating efficiency in aviation.

Market Analysis of Aircraft Braking System
Discover more about the driving segments of this market

By aircraft type, the market is divided into fixed-wing, rotary-wing, unmanned aerial vehicles, and advanced air mobility. The fixed-wing segment held the largest share in the global market at over 40% in 2022.

The growth in commercial aviation and the number of passenger jets, particularly the large & wide-body jets, are fueling demand for effective and durable braking systems to provide safe landings & ground operations. The development in long-haul flights requires braking systems capable of meeting the requirements of larger & heavier aircraft, thus driving market growth.
The use of stringent safety standards and regulation in the aerospace industry necessitates the utilization of sophisticated & sound braking systems, further driving up their application for fixed-wing planes. Airlines seeking to upgrade or modernize fleets tend to buy more sophisticated braking systems in efforts to enhance security and minimize operations costs.
Learn more about the key segments impacting this market

Aircraft Braking System Market Share

Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the industry. Some major players operating in the aircraft braking system industry are mentioned below

• Beringer Aero
• Collins Aerospace
• Crane Co.
• Honeywell International Inc.
• Meggitt PLC
• Parker-Hannifin Corporation
• Safran