Aircraft Brake System Trends and Forecast
The future of the global aircraft brake system market looks promising with opportunities in the manufacturing (OEM) and replacement markets. The global aircraft brake system market is expected to reach an estimated $10.5 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rise in air passenger traffic across the globe, growth in operations in the commercial aviation, and implementation of advanced technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aircraft Brake System by Segment
The study includes a forecast for the global aircraft brake system by aircraft type, actuation, distribution channel, and region.
Aircraft Brake System Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:
• Fixed Wing
• Rotary Wing
Aircraft Brake System Market by Actuation [Shipment Analysis by Value from 2018 to 2030]:
• Power Brake
• Boosted Brake
• Independent Brake
Aircraft Brake System Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Manufacturing (OEM)
• Replacement
Aircraft Brake System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aircraft Brake System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aircraft brake system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aircraft brake system companies profiled in this report include-
• Beringer Aero
• Collins Aerospace
• Crane
• Honeywell International
• Lufthansa Technik
• Meggitt
• Parker-Hannifin Corporation
Aircraft Brake System Market Insights
Lucintel forecasts that power brake is expected to witness the highest growth over the forecast period.
Within this market, manufacturing (OEM) is expected to witness the higher growth.
APAC is expected to witness highest growth over the forecast period due to growing adoption of cutting-edge, lightweight, high-performance braking systems in place of the traditional hydraulic brake systems, which are still often utilized by airlines in the area.
Features of the Global Aircraft Brake System Market
Market Size Estimates: Aircraft brake system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aircraft brake system market size by aircraft type, actuation, distribution channel, and region in terms of value ($B).
Regional Analysis: Aircraft brake system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different aircraft type, actuation, distribution channel, and regions for the aircraft brake system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aircraft brake system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the aircraft brake system market size?
Answer: The global aircraft brake system market is expected to reach an estimated $10.5 billion by 2030.
Q2. What is the growth forecast for aircraft brake system market?
Answer: The global aircraft brake system market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aircraft brake system market?
Answer: The major drivers for this market are rise in air passenger traffic across the globe, growth in operations in the commercial aviation, and implementation of advanced technologies.
Q4. What are the major segments for aircraft brake system market?
Answer: The future of the global aircraft brake system market looks promising with opportunities in the manufacturing (OEM) and replacement markets.
Q5. Who are the key aircraft brake system market companies?
Answer: Some of the key aircraft brake system companies are as follows:
• Beringer Aero
• Collins Aerospace
• Crane
• Honeywell International
• Lufthansa Technik
• Meggitt
• Parker-Hannifin Corporation
Q6. Which aircraft brake system market segment will be the largest in future?
Answer: Lucintel forecasts that power brake is expected to witness the highest growth over the forecast period.
Q7. In aircraft brake system market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing adoption of cutting-edge, lightweight, high-performance braking systems in place of the traditional hydraulic brake systems, which are still often utilized by airlines in the area.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aircraft brake system market by aircraft type (fixed wing and rotary wing), actuation (power brake, boosted brake, and independent brake), distribution channel (manufacturing (OEM) and replacement), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aircraft Brake System Market, Aircraft Brake System Market Size, Aircraft Brake System Market Growth, Aircraft Brake System Market Analysis, Aircraft Brake System Market Report, Aircraft Brake System Market Share, Aircraft Brake System Market Trends, Aircraft Brake System Market Forecast, Aircraft Brake System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.