Aircraft Braking System Market

Aircraft Braking System Market is anticipated to witness a significant growth over the upcoming years, owing to their ability to improve the safety and reliability of aircraft systems.

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Market Dynamic

Key Drivers and Emerging Trends

Rising air passenger traffic stands to be one of the major factors fueling the aircraft braking systems market. As per the International Civil Aviation Organization’s (ICAO) yearly report, total commuters carried on scheduled flights were 4.38 billion in 2019, i.e., 3.65% higher than 2018. The growing demand for aircraft braking system by OEM and rising number of commercial flights are projected to strengthen the market growth. Moreover, rigorous norms pertaining the safety of passenger and aircraft has obligated the aviation industry to enforce regulatory oligations and constantly change them to attain the optimum safety standard, is forecast to expand the Aircraft Braking System Market Size.

Besides, the ongoing technological upgradation in existing airplane brake systems, have bolstered the market growth. Furthermore, the ability of brakes to operate under harsh settings increases the chances of brake material degradation, owing to the corrosion will offer enormous opportunities to the market. However, rigorous passenger and aircraft safety norms need a constant modification to attain the optimum safety standard, which might hamper the market growth.

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Aircraft Type – Segment Analysis

unmanned aerial vehicle is anticipated to grow at the fastest rate in the global aircraft braking system market during the forecast period, owing to their growing deployment in the defense industry to carry out several military operations like border surveillance. UAV’s helps in bombing, mapping, and determining the weather conditions of an area, which is further projected to strengthen the segment’s growth.

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Regional – Segment Analysis:

North America is projected to lead the market over the upcoming years, owing to the increasing adoption of the technologically advanced braking system. The rising number of aircraft orders and supplies helped the braking system manufacturers to increase their yearly sales, driving the regional growth. The presence of various leading players operating in the market, which include Crane Co., Honeywell International, Inc, and Parker-Hannifin Corporation, and the growing emphasis on R&D to expand their product lines will further propel the regional growth.

APAC aircraft braking system market is forecast to hold a larger share over the forecast period. As per the IBEF portal, India is one of the largest aviation markets for the passenger aircrafts by 2024. In addition, as per the CRISIL, the Indian airport infrastructural investment is Rs. 420-450 billion between 2018 -2023.

Top Market Players

Various notable players operating in the market, include, Honeywell International Inc., Crane Co., The Carlyle Johnson Machine Company, LLC, Collins Aerospace, Lufthansa Technik, Meggitt PLC, Parker Hannifin Corp, Safran, AAR Corp., Nasco Aircraft Brake, Inc., among others.

Key Developments:

• • In 2021, Collins Aerospace won the contracts to supply boltless wheels, carbon brakes, and propeller systems for US military C-130 aircraft.
  • In 2021, HAECO Hong Kong, a member of the HAECO Group, declared a expansion of its long-term agreement with German cargo airline AeroLogic GmbH (AeroLogic). In this agreement, HAECO Hong Kong is projected to offer heavy maintenance services to AeroLogic’s Boeing 777-200 freighter fleet between 2021 and 2024, covering the current fleet of 18 Boeing 777F aircraft.
  • In 2020, Collins Aerospace decided to help C-130 operators in minimizing maintenance time and cost with its long-lasting wheels and carbon brakes. The business, a unit of Raytheon Technologies eclared the completion of its first upgrade of the U.S. Navy’s fleet of C-130T and KC-130T aircraft with new wheels and brakes.
  • In 2020, Honeywell signed a license with GKN Aerospace’s Fokker Landing Gear business in the Netherlands to supply agreement for a sanctioned service center for Honeywell’s wheels and brakes on the F-35 military fighter jet.
  • In 2020, Honeywell International Inc. and GKN Aerospace Services Limited signed license and part supply agreement for F-35 military fighter jet wheels and brakes.

Segments covered in the Report:

The global aircraft braking system market has been segmented on the basis of aircraft type, actuation, component, platform, and region. Based on aircraft type, the market is segmented into fixed wing, rotary wing and unmanned aerial vehicles. Based on actuation, the market is segmented into power brake, boosted brake, and independent Brake. Based on component, the market is segmented into wheels, brake discs brake housing, valves, actuators, accumulators, and electronics. Based on platform the market is segmented into commercial, and defence.

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Key questions answered in this research report:

• • At what pace is global Aircraft Braking System market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Aircraft Braking System market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Aircraft Braking System market?
  • Which Aircraft Type generated maximum revenues in 2019 and identify the most promising Aircraft Type during the forecast period?
  • What are the various Actuation areas of global Aircraft Braking System market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Aircraft Braking System Market by Aircraft Type

• • Fixed Wing
  • Rotary Wing
  • Unmanned Aerial Vehciles

Global Aircraft Braking System Market by Actuation

• • Power Brake
  • Boosted Brake
  • Independent Brake

Global Aircraft Braking System Market by Component

• • Wheels
  • Brake Discs
  • Brake Housing
  • Valves
  • Actuators
  • Accumulators
  • Electronics

Global Aircraft Braking System Market by Platform

• • Commercial
  • Defence

Global Aircraft Braking System Market by Region

• • North America Aircraft Braking System Market (Option 1: As a part of the free 25% customization)
    • By Aircraft Type
    • By Actuation
    • By Component
    • By Platform
    • US Aircraft Braking System Market All-Up
    • Canada Aircraft Braking System Market All-Up
  • Europe Aircraft Braking System Market (Option 2: As a part of the free 25% customization)
    • By Aircraft Type
    • By Actuation
    • By Component
    • By Platform
    • UK Aircraft Braking System Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Aircraft Braking System Market (Option 3: As a part of the free 25% customization)
    • By Aircraft Type
    • By Actuation
    • By Component
    • By Platform
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Aircraft Braking System Market (Option 4: As a part of the free 25% customization)
    • By Aircraft Type
    • By Actuation
    • By Component
    • By Platform
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Aircraft Braking System (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • Crane Co.
  • The Carlyle Johnson Machine Company, LLC
  • Collins Aerospace
  • Lufthansa Technik
  • Meggitt PLC
  • Parker Hannifin Corp
  • Safran
  • AAR Corp.
  • Nasco Aircraft Brake, Inc.