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The large aircraft braking system market size has grown strongly in recent years. It will grow from $2.6 billion in 2024 to $2.75 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to increasing air travel demand, growth of commercial aviation fleet, focus on aircraft safety enhancements, rise in long-haul flights, and increasing commercial fleet sizes.
The large aircraft braking system market size is expected to see strong growth in the next few years. It will grow to $3.51 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to the surge in new aircraft deliveries, modernization of the aging aircraft fleet, rising defense and military spending, increasing commercial aircraft operations, and emphasis on fuel efficiency and emission reduction. Major trends in the forecast period include the adoption of electric braking systems, the integration of smart sensors in brakes, the development of lightweight composite materials, the use of predictive maintenance technologies, and advancements in braking technology.
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Which Market Forces Are Stimulating Growth in the Large Aircraft Braking System Market?
The increasing demand for commercial aircraft operations is expected to propel the growth of the large aircraft braking system market going forward. Commercial aircraft operations encompass the processes involved in the transportation of passengers and cargo, including flight scheduling, aircraft maintenance, and adherence to aviation safety standards. This rise is driven by growing commercial aircraft operations as more people choose air travel for business and leisure purposes. A large aircraft braking system is essential for commercial aircraft to ensure safe and efficient deceleration during landing, enabling the aircraft to slow down quickly and come to a complete stop within the confines of a runway, thus preventing accidents and ensuring smooth operations. For instance, in March 2024, according to the International Air Transport Association (IATA), a Canada-based trade association, global air cargo increased by 18.4% compared to January 2023. In addition, European airlines experienced a 16.4% rise in air cargo volumes in January compared to the same month in 2023. Therefore, the growing demand for commercial aircraft operations is driving the expansion of the large aircraft braking system market.
What Are the Emerging Segments Driving Growth in the Large Aircraft Braking System Market?
The large aircraft braking system market covered in this report is segmented –
1) By Component: Brake Control Systems, Brake Actuators, Brake Discs, Brake Pads, Anti-Skid Control Systems
2) By Technology: Hydraulic Brakes, Pneumatic Brakes, Electromechanical Brakes
3) By Braking Type: Carbon Brakes, Steel Brakes
4) By Aircraft Type: Commercial Aircraft, Military Aircraft, Business Jets
5) By End-User: Original Equipment Manufacturers (OEMs), Aftermarket
Subsegments:
1) By Brake Control Systems: Hydraulic Control Systems, Electronic Control Systems
2) By Brake Actuators: Hydraulic Actuators, Electro-Hydraulic Actuators, Electric Actuators
3) By Brake Discs: Steel Discs, Carbon-Carbon Composite Discs, Carbon-Ceramic Discs
4) By Brake Pads: Organic Brake Pads, Semi-Metallic Brake Pads, Carbon Composite Brake Pads
5) By Anti-Skid Control Systems: Fully Integrated Systems, Modular Systems
What Are the Current Trends Influencing the Large Aircraft Braking System Market?
Major companies operating in the large aircraft braking system market are adopting a strategic partnerships approach to advance innovation, streamline production, and strengthen international reach. A strategic partnership is a collaborative alliance between two or more organizations that work together to achieve mutually beneficial goals, typically involving shared resources, expertise, or capabilities. For instance, in December 2022, American Airlines Inc., a US-based airline company, partnered with Safran Landing Systems, a US-based manufacturer of large aircraft braking systems, to equip its Boeing 737NG fleet with advanced carbon brakes that support brake-by-wire technology. These brakes are significantly lighter and more durable, helping to lower carbon emissions and operational costs while aligning with American Airlines’ sustainability goals.
Which Major Organizations Influence the Direction of the Large Aircraft Braking System Market?
Major companies operating in the large aircraft braking system market are Boeing Company, Honeywell International Inc., Safran S.A., Thales Group, Parker Hannifin Corporation, Lufthansa Technik AG, Moog Inc., Meggitt PLC, AAR Corp., Crane Aerospace & Electronics, Triumph Group Inc., Kaman Corporation, Sumitomo Precision Products Co. Ltd., Farinia Group, HYDRO SYSTEMS GmbH & Co. KG, NMG Aerospace, Liebherr-International AG, NASCO Aircraft Brake Inc., UTC Aerospace Systems, MATCO Manufacturing Inc.
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Which Region Holds the Largest Share of the Large Aircraft Braking System Market?
North America was the largest region in the large aircraft braking system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the large aircraft braking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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