Aircraft Brake System Global Market Report 2024

The aircraft brake system is designed to halt a moving aircraft by converting kinetic energy into heat energy through friction between discs located in the brake systems integrated into the wheels. This critical function is essential during take-off, landing, and taxiing, ensuring that airplanes can be brought to a stop within the specified length of the runway.

Key components of an aircraft brake system include braking system components, brakes, and wheels. The wheels bear the entire weight of the aircraft during takeoff and landing, with the brake systems attached to them. Aircraft wheels come in single-piece and two-piece configurations, with a removable rim facilitating tire installation access. Actuation types include power brake, boosted brake, and independent brake, with applications across various aircraft types such as fixed-wing, rotary-wing, and unmanned aerial vehicles. Brake types encompass carbon brakes, steel brakes, and others, catering to diverse end-users including commercial aircraft and defense aircraft.

The aircraft brake system market research report is one of a series of new reports that provides aircraft brake system market statistics, including aircraft brake system industry global market size, aircraft brake system market regional shares, competitors with aircraft brake system market share, detailed aircraft brake system market segments, aircraft brake system market trends and opportunities, and any further data you may need to thrive in the aircraft brake system industry. This aircraft brake system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft brake system market size has grown strongly in recent years. It will grow from $9.64 billion in 2023 to $10.5 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period can be attributed to factors such as aircraft fleet expansion, adherence to regulatory standards, the surge in commercial air travel, the global increase in air travel, and military modernization efforts.

The aircraft brake system market size is expected to see strong growth in the next few years. It will grow to $14.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period is linked to developments in electric and hybrid aircraft, the emergence of urban air mobility, the rise of remote and unmanned aircraft, increased focus on space tourism and exploration, and the implementation of green aviation initiatives. Key trends expected in this forecast period encompass technological advancements, the adoption of electro-mechanical braking systems, utilization of advanced friction materials, implementation of wireless brake monitoring, and the integration of advanced anti-skid technology.

The expansion of both commercial and defense aircraft fleets is anticipated to drive the growth of the aircraft brake system market in the foreseeable future. The aircraft fleet refers to the total number of airplanes operated by a specific airline. As this fleet expands, there is a corresponding need to install additional braking systems in new aircraft and replace existing braking systems. According to Boeing's commercial market outlook for 2021–2040, the global commercial fleet is projected to surpass 49,000 airplanes by 2040. This significant increase in the fleet size of commercial and defense aircraft serves as a key driver for the aircraft braking system market.

Anticipated growth in passenger air traffic is poised to fuel the expansion of the aircraft brake system market. Passenger air traffic is a measure of the increasing number of individuals traveling by air, quantifiable through factors such as the number of passengers carried by airlines, flight frequency, and the generated revenue within the air travel industry. The aircraft brake system plays a pivotal role in ensuring a comfortable and secure environment for passengers during flights. Notably, in February 2023, the International Air Transport Association (IATA) reported a 152.7% increase in international passenger traffic in 2022 compared to 2021. Specifically, Asia-Pacific airlines witnessed a substantial 363.3% rise in international traffic throughout 2022 compared to the previous year, maintaining the highest year-over-year rate among regions. Thus, the escalating passenger air traffic significantly drives the demand for the aircraft cabin lighting market.

The landscape of the aircraft brake system market is being influenced by strategic partnerships and collaborations, enabling innovative solutions, market expansion, and the pooling of expertise and resources among partners. For example, in May 2021, HAECO Group, a Hong Kong-based aircraft engineering company, extended its ongoing partnership with AeroLogic GmbH, a Germany-based cargo airline. Under this arrangement, HAECO will be responsible for maintaining AeroLogic's existing fleet of 18 Boeing 777-200 freighter aircraft. Additionally, in April 2021, Honeywell, a US-based manufacturer of aircraft brake systems, entered into a ten-year license and parts supply agreement with GKN Aerospace’s Fokker Landing Gear business in the Netherlands. This partnership empowers GKN Aerospace to overhaul, repair, and maintain Honeywell’s brakes and wheels. GKN Ltd., a UK-based company specializing in aerospace systems and components, is known for its innovative and sustainable technologies.

Leading companies in the aircraft brake system market are pioneering innovative solutions, including the development of carbon brake systems, to enhance high-performance braking capabilities. Carbon brake systems, also known as carbon brakes, utilize a composite material comprising carbon fiber reinforced with a graphite matrix. For example, in February 2022, Collins Aerospace, a US-based aerospace company, introduced a carbon aircraft brake disc designed for aircraft of varying sizes and configurations. The material utilized in these brakes is a type of carbon engineered under the name DURACARB. Carbon-carbon brake discs possess a density ranging from one-fourth to one-fifth of steel, resulting in a significantly lighter product. This weight reduction contributes to lighter aircraft, potentially reducing fuel consumption and increasing payload capacity.

In April 2021, Alstom, a France-based manufacturer of rolling stock, acquired Flertex in an undisclosed deal. This strategic acquisition enables Alstom to broaden and reinforce its proficiency in braking systems, catering to the demands of its clientele. Flertex, a France-based company, specializes in the production of brake linings (pads and shoes) designed for aeronautical braking systems.

Major companies operating in the aircraft brake system market include Honeywell International Inc., Safran Landing Systems, Raytheon Technologies Corporation, Parker-Hannifin Corporation, Crane Aerospace & Electronics., Beringer Aero a subsidiary of Beringer SAS, MATCO Manufacturing Inc., Grove Aircraft Landing Gear Systems Inc., Jay-Em Aerospace & Machine Inc., Bauer Inc., Nasco Aircraft Brake Inc., AAR Corp., Lufthansa Technik AG, UTC Aerospace Systems, Dunlop Aircraft Tyres Ltd., Goodyear Aviation., Michelin Aircraft Tire Company LLC., Aircraft Braking Systems Corporation., Carlisle Companies Incorporated, Rapco Fleet Support Inc., SGL Carbon SE, Wilwood Engineering Inc., Brembo S.p.A., Hindustan Aeronautics Limited, Magellan Aerospace Corporation, Meggitt Aircraft Braking Systems Corporation

North America was the largest region in the aircraft brake system market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft brake system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the aircraft brake system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The aircraft brake system market consists of sales of single, dual, and multiple disc brake systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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