Global Aircraft Brake System Market Overview And Prospects
Learn about the global aircraft brake system market through The Business Research Company, which provides information on aircraft brake system market size, aircraft brake system market drivers and restraints, aircraft brake system market players, the COVID-19 impact on the aircraft brake system market, and more.
The global aircraft brake system market size is expected to grow from $7.77 billion in 2021 to $8.56 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The global aircraft brake systems market size is then expected to grow to $10.85 billion in 2026 at a CAGR of 6.1%.
The increasing fleet size of commercial and defense aircraft is driving the aircraft braking system market.
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The aircraft brake system market consists of sales of the aircraft brake systems by entities (organizations, sole proprietors, partnerships) that are used to stop a moving aircraft by converting kinetic energy to heat energy through friction between discs located in brake systems in the wheels. This system provides this critical function during take-off, landing, and taxiing to stop the airplanes within the specified length of the runway.
Global Aircraft Brake System Market Segments Include:
By Component: Braking System Components, Brakes, Wheels
By Actuation: Power Brake, Boosted Brake, Independent Brake
By Brake Type: Carbon Breaks, Steel Breaks, Others
By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
By End-User: Commercial Aircraft, Defense Aircraft
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the aircraft brakes system market in 2021.
Strategic partnerships and collaborations are shaping the aircraft brake system market. Strategic partnerships and collaborations facilitate partners to build innovative solutions for their customers, enter into new markets, and pool valuable expertise and resources.
TBRC’s aircraft brake system market report covers:
Major Market Players: Honeywell International, Safran Landing Systems, Raytheon Technologies, PARKER HANNIFIN CORP, Crane Aerospace & Electronics, Beringer-aero, MATCO mfg, Grove Aircraft Landing Gear Systems Inc., Jay-Em Aerospace & Machine Inc., Bauer Inc., Nasco Aircraft Brake Inc., Collins Aerospace, and AAR Corp.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Aircraft Brake System Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides aircraft brake system market overviews, analyzes and forecasts market size, share, aircraft brake system market players, aircraft brake system market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s aircraft brake system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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