Aircraft Brake System

According to Stratistics MRC, the Global Aircraft Brake System Market is accounted for $16.0 billion in 2024 and is expected to reach $49.0 billion by 2030 growing at a CAGR of 20.4% during the forecast period.  An aircraft brake system is a crucial component that enables pilots to slow down and stop the aircraft during landing and ground operations. It includes brake assemblies on landing gear wheels, a hydraulic system for pressurized fluid, a brake control system with cockpit pedals, an anti-skid system to prevent wheel lockup, and an automatic braking system for pre-selected deceleration rates. Proper functioning is essential for flight safety under normal and adverse conditions. In essence, aircraft brake systems are crucial for the safe and efficient operation of aircraft on the ground. They rely on hydraulic pressure, mechanical components, and advanced safety features to provide reliable braking performance.

According to Safran, carbon brakes equipped with B737 can conduct 2,200 landings between overhauls. It also offers 2,500 landings on A320neo family aircraft and 2,000 landings for those on the A350.

Market Dynamics: 

Driver: 

Growing need for commercial and military aircraft

The growing global fleet of commercial and military aircraft demands advanced braking systems for efficiency, durability, and performance. Technological advancements, such as electric and hybrid-electric planes, are driving innovation in brake systems. Electric and carbon brakes are replacing traditional hydraulic systems, offering lighter weight and improved performance. Moreover manufacturers are focusing on safety and reliability, using materials like carbon composites and technologies for improved heat dissipation, wear resistance, and braking force control.

Restraint:

Complex regulatory environment

Manufacturers face challenges in complying with evolving regulations and the complexity of certification, particularly for innovative technologies and materials. Investing in R&D can be costly and time-consuming, while demonstrating compliance with safety standards and performance criteria, including the ability to withstand extreme operating conditions, can result in prolonged development a cycle which hampers the market growth. 

Opportunity:

Increasing air traffic and fleet expansion

As airlines expand their flight schedules the frequency of aircraft landings and takeoffs increases, stressing brake systems. Additionally, as airlines invest in new aircraft, more need to be equipped with brake systems, driving demand for new and replacement parts. This interconnected process leads to increased sales of new brake systems for new aircraft, higher demand for replacement brake parts as existing fleets age, and opportunities for innovation in brake technology to meet industry needs.

Threat:

High cost of advanced brake systems

Advanced brake systems, especially carbon brakes, have higher upfront costs due to complex manufacturing processes and specialized materials. This can deter smaller airlines or those in financially constrained regions. Additionally, specialized maintenance and training for these systems add to the overall cost of ownership. Technicians require specific training, which can be an additional expense for airlines. While larger carriers may have the resources, smaller operators may find it more challenging to adapt.

Covid-19 Impact: 

The COVID-19 pandemic had a profound negative impact on the aircraft brake system market. Lockdowns and travel restrictions led to significant reductions in air traffic, resulting in a drastic decline in demand for aircraft brake systems. Supply chains were disrupted, causing delays in production and delivery of components. Consequently, the market experienced supply-demand gaps and logistical challenges, which are expected to persist as the industry gradually recovers from the pandemic's effects

The carbon brakes segment is expected to be the largest during the forecast period

The carbon brakes is expected to be the largest during the forecast period because carbon brakes are lighter than steel brakes, reducing aircraft weight and improving fuel efficiency. This results in a 2% decrease in fuel costs and up to 20 tons of CO2 emissions per aircraft annually. Carbon brakes also offer superior performance, with high heat tolerance and resistance to break fade. They absorb 50% more heat than steel brakes and last 30% longer, reducing maintenance and replacement costs.

The independent brake systems segment is expected to have the highest CAGR during the forecast period

The independent brake systems segment is expected to have the highest CAGR during the forecast period due to their simplicity, reliability, and ease of maintenance. Manufacturers are focusing on enhancing these systems to meet growing demand for efficient and safe braking solutions. The fastest-growing segment is driven by the expanding fleet of general aviation and regional aircraft, which often utilize these systems for versatility and effectiveness propelling the market growth.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the region's dominance is driven by a robust aerospace industry, increasing orders for commercial aircraft, and the presence of major manufacturers like Crane Co., Parker-Hannifin Corporation, and Honeywell International Inc. These companies are heavily investing in research and development to innovate and enhance braking technologies, catering to the growing demand for efficient and reliable aircraft systems.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period due to increasing air traffic, the development of new airports, and rising expenditure on the procurement of commercial and military aircraft. In addition to the procurements and orders, the region is involved in the development of new aircraft, like the Advanced Medium Combat Aircraft (AMCA) program for India, KF-X for Korea and Indonesia, and the COMAC C919 for China. The development of such advanced aircraft will require newer types of brakes, which will improve performance, will boost the growth of the region during the forecast period.

Key players in the market

Some of the key players in Aircraft Brake System market include Advent Aircraft Systems Inc., Airframes Alaska, Beringer Aero, Collins Aerospace, Crane Aerospace & Electronics, Honeywell International Inc., Jay-Em Aerospace, Matco Aircraft Landing Systems, Mcfarlane Aviation, Inc., Parker-Meggitt, RAPCO, Inc., RTX Corporation, Safran, Sonex Aircraft, Llc, Tactair and The Carlyle Johnson Machine Company, LLC 

Key Developments:

In September 2024, Honeywell announced the completion of its acquisition of CAES Systems Holdings LLC (CAES) from private equity firm Advent International for approximately $1.9 billion in an all-cash transaction.

In August 2024, Honeywell announced collaboration with Cisco on an AI-powered solution that automatically adapts building systems based on fluctuating usage levels, reducing energy consumption and optimizing the environment for worker productivity and comfort.

In July 2024, RTX's Raytheon partners with AVIO to build a more resilient U.S. Defense Industrial Base for solid rocket motor production. The contract furthers the systems engineering work required to mature these solid rocket motors into a production-ready state.

Types Covered:
• Carbon Brakes
• Steel Brakes
• Electric Brakes 

Aircraft Types Covered:
• Commercial Aircraft 
• Business Jets 
• General Aviation Aircraft 
• Other Aircraft Types 

Fit Types Covered:
• Linefit
• Retrofit 

Components Covered:
• Braking Systems 
• Actuators 
• Wheels 
• Valves 
• Accumulators 
• Electronics 
• Other Components 

Actuations Covered:
• Independent Brake Systems
• Boosted Brake Systems
• Power Brake Systems
• Other Actuations 

End Users Covered:
• OEM (Original Equipment Manufacturer)
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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