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What Is the Forecast for the Large Aircraft Braking System Market Growth in 2025?

The size of the large aircraft braking system market has seen significant expansion in the past few years. It is projected to increase from $2.60 billion in 2024 reaching $2.77 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.6%. Factors contributing to the growth during the historic period include a rise in air travel needs, expansion of the commercial aviation fleet, emphasis on improving aircraft safety, an increase in long-distance flights, and the growth in commercial fleet sizes.

What Is the Forecast for the Large Aircraft Braking System Market Size Through 2029?

In the coming years, the large aircraft braking system market is predicted to experience robust growth, escalating to a value of $3.55 billion by 2029, representing a compound annual growth rate (CAGR) of 6.4%. This projected growth during the forecast period can be linked to an increase in new aircraft deliveries, the modernization of the existing and aging aircraft fleet, heightened defense and military expenditure, a rise in commercial aircraft activities, and a focus on improving fuel efficiency and reducing emissions. Key trends anticipated throughout this period include the utilization of electric braking systems, the incorporation of intelligent sensors into braking systems, the creation of lightweight composite materials, the implementation of predictive maintenance technologies, and progressive advancements in braking technology.

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What are the Key Market Players in Large Aircraft Braking System Market and How They’re Evolving?

Major companies operating in the large aircraft braking system market are Boeing Company, Honeywell International Inc., Safran S.A., Thales Group, Parker Hannifin Corporation, Lufthansa Technik AG, Moog Inc., Meggitt PLC, AAR Corp., Crane Aerospace & Electronics, Triumph Group Inc., Kaman Corporation, Sumitomo Precision Products Co. Ltd., Farinia Group, HYDRO SYSTEMS GmbH & Co. KG, NMG Aerospace, Liebherr-International AG, NASCO Aircraft Brake Inc., UTC Aerospace Systems, MATCO Manufacturing Inc.

What Are the Primary Growth Drivers in the Large Aircraft Braking System Market?

The surge in the need for commercial aircraft operations is anticipated to fuel the expansion of the large aircraft braking system market. These operations encompass all activities related to the conveyance of passengers and freight, which include managing flight schedules, maintaining aircraft, and abiding by aviation safety regulations. The escalating progression is attributed to the augmentation in commercial aircraft operations, as more individuals opt for air travel for professional and recreational reasons. The large aircraft braking system becomes imperative in commercial aircraft to guarantee safe and effective deceleration during the landing phase, permitting the aircraft to slow down promptly and come to a complete halt on the runway, thereby avoiding accidents and facilitating seamless operations. For example, as per data from the International Air Transport Association (IATA), a Canada-based industry body, global air cargo saw a substantial upsurge of 18.4% in March 2024 compared to January 2023. Furthermore, January saw a 16.4% increment in air cargo volumes for European airlines compared to the same month in 2023. Consequently, the booming demand for commercial aircraft operations is a significant factor propelling the growth of the large aircraft braking system market.

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What Are the Leading Segments in the Global Large Aircraft Braking System Industry?

The large aircraft braking system market covered in this report is segmented –

1) By Component: Brake Control Systems, Brake Actuators, Brake Discs, Brake Pads, Anti-Skid Control Systems

2) By Technology: Hydraulic Brakes, Pneumatic Brakes, Electromechanical Brakes

3) By Braking Type: Carbon Brakes, Steel Brakes

4) By Aircraft Type: Commercial Aircraft, Military Aircraft, Business Jets

5) By End-User: Original Equipment Manufacturers (OEMs), After market

Subsegments:

1) By Brake Control Systems: Hydraulic Control Systems, Electronic Control Systems

2) By Brake Actuators: Hydraulic Actuators, Electro-Hydraulic Actuators, Electric Actuators

3) By Brake Discs: Steel Discs, Carbon-Carbon Composite Discs, Carbon-Ceramic Discs

4) By Brake Pads: Organic Brake Pads, Semi-Metallic Brake Pads, Carbon Composite Brake Pads

5) By Anti-Skid Control Systems: Fully Integrated Systems, Modular Systems

What Strategic Trends Are Transforming the Large Aircraft Braking System Market?

Key players in the large aircraft braking system market are employing strategic partnership tactics to boost innovation, enhance manufacturing processes, and consolidate their global presence. A strategic partnership entails a cooperative agreement between multiple organisations, aiming to attain shared benefits through the utilisation of mutual resources, professional wisdom, or capabilities. As an example, American Airlines Inc., a US-based airline company, formed a partnership with Safran Landing Systems, a large aircraft braking systems manufacturer also based in the US, in December 2022. This collaboration was to fit their Boeing 737NG fleet with superior carbon brakes utilising brake-by-wire technology. The considerable reduction in weight and increased life-span of these brakes contribute to reduced carbon emissions and operational expenses, in line with American Airlines’ environmental sustainability objectives.

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What Is the Regional Outlook for the Large Aircraft Braking System Market?

North America was the largest region in the large aircraft braking system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the large aircraft braking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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1. How big is the large aircraft braking system market, and how is it changing globally?

2. Who are the major companies in the large aircraft braking system market, and how are they performing?

3. What are the key opportunities and risks in the large aircraft braking system market right now?

4. Which products or customer segments are growing the most in the large aircraft braking system market?

5. What factors are helping or slowing down the growth of the large aircraft braking system market?

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