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Aircraft Brakes Market Size (2024 - 2029)

The aircraft brakes market is projected to experience significant growth over the forecast period, driven by the increasing demand for new commercial and military aircraft and the development of advanced braking systems. Despite challenges posed by the COVID-19 pandemic, such as supply chain disruptions and labor shortages, the market has shown a robust recovery due to rising investments in advanced aircraft brakes. The focus on reducing aircraft weight and the shift towards more electric aircraft are leading to the development of innovative lightweight brake systems, further propelling the market's expansion.

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Market Size of Aircraft Brakes Industry

Aircraft Brakes Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 9.83 Billion
Market Size (2029) USD 12.65 Billion
CAGR (2024 - 2029) 5.16 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Aircraft Brakes Market Analysis

The Aircraft Brakes Market size is estimated at USD 9.83 billion in 2024, and is expected to reach USD 12.65 billion by 2029, growing at a CAGR of 5.16% during the forecast period (2024-2029).

  • The aviation sector faced unmatched challenges due to the COVID-19 pandemic. Supply chain disruptions brought by the pandemic and labor shortages hindered the market growth during the pandemic. Also, key aircraft OEMs such as Airbus and Boeing halted production due to employee safety concerns and government regulations that hamper the market growth. The market showcased a strong recovery from 2021 due to increased demand for new aircraft and rising spending on advanced aircraft brakes.
  • The procurement of newer generation aircraft in the commercial and military sectors is one of the major reasons for the development of the aircraft brakes market. With increasing emphasis on the reduction of the weight of aircraft and with the concept of more electric aircraft, new lightweight brakes are being developed (like electric brakes).
  • Aircraft brake systems are essential components of all aircraft that allow the aircraft to land safely and quickly. Growing demand for new commercial and military aircraft and rising spending on the development of advanced braking systems propel the demand for aircraft brakes. Technological advancements in the aircraft braking system and the introduction of advanced brake discs drive the growth of the market.

Aircraft Brakes Industry Segmentation

Aircraft braking systems are used to slow down or stop aircraft movement. Aircraft brakes are disc brakes that operate hydraulically or pneumatically. There are different types of aircraft braking systems which include single-disc, double-disc, multi-disc, and rotor disc brakes. The aircraft brakes market includes the brakes used in military, commercial, and general aviation aircraft. The market study also includes brake components and brake support systems, like anti-skid brakes.

The aircraft brakes market is segmented based on type, end-user, and geography. By type, the market is segmented into electric brakes, carbon brakes, and steel brakes. By end user, the market is segmented into commercial, military, and general aviation. The report also covers the market sizes and forecasts for the aircraft brakes market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Type
Electric Brakes
Carbon Brakes
Steel Brakes
End-User
Commercial
Military
General Aviation
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Qatar
Rest of Middle-East and Africa
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Aircraft Brakes Market Size Summary

The aircraft brakes market is poised for significant growth over the forecast period, driven by the increasing demand for new commercial and military aircraft. The market is recovering from the challenges posed by the COVID-19 pandemic, which had disrupted supply chains and halted production due to safety concerns. The focus on developing lightweight and advanced braking systems, such as electric brakes, is gaining momentum as the aviation industry shifts towards more electric aircraft to reduce weight and fuel costs. This transition is expected to bolster the market, with technological advancements in brake systems and the introduction of new brake discs playing a crucial role in market expansion.

The commercial segment is anticipated to experience substantial growth, fueled by rising aircraft orders and deliveries to meet the growing global passenger traffic. The Asia-Pacific region is expected to showcase the highest growth, supported by increasing air traffic, new airport developments, and investments in commercial and military aircraft procurement. The region's involvement in advanced aircraft programs further necessitates the development of new braking technologies. The market is consolidated, with key players like RTX Corporation, Safran, and Honeywell International Inc. dominating due to their strong brand presence and long-term contracts with aircraft OEMs. These companies are investing in electric brake technology to maintain their market positions as the industry transitions from carbon to electric brakes.

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Aircraft Brakes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Electric Brakes

      2. 2.1.2 Carbon Brakes

      3. 2.1.3 Steel Brakes

    2. 2.2 End-User

      1. 2.2.1 Commercial

      2. 2.2.2 Military

      3. 2.2.3 General Aviation

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Mexico

        3. 2.3.4.3 Rest of Latin America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Qatar

        4. 2.3.5.4 Rest of Middle-East and Africa

Aircraft Brakes Market Size FAQs

The Aircraft Brakes Market size is expected to reach USD 9.83 billion in 2024 and grow at a CAGR of 5.16% to reach USD 12.65 billion by 2029.

In 2024, the Aircraft Brakes Market size is expected to reach USD 9.83 billion.

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