Aircraft braking systems market size to grow by USD 1,551.82 million from 2022 to 2027: Development of electric brake systems to be a key trend - Technavio

NEW YORK, March 10, 2023 /PRNewswire/ -- The global aircraft braking systems market size is estimated to increase by USD 1,551.82 million from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 7%. The development of electric brake systems is a key trend in the market. Many aerospace companies have integrated electrical systems, such as electric brakes, to replace conventional technologies in aircraft. Electric brakes are easier to install and maintain than conventional brakes. In addition, electric brakes can send real-time data using smart sensors, which can help pilots measure carbon disk wear. The environment-friendly production and use of electric brakes make them more popular. In addition, electric brakes are manufactured without using toxic chemicals such as cadmium, chromium, beryllium, and asbestos. The use of an advanced electromechanical braking system can also improve dispatch reliability and overall durability. Such developments will fuel the growth of the global market during the forecast period. Discover some insights on market size, historic period (2017 to 2021), and forecast period (2023 to 2027) before buying the full report - Request a sample report

Aircraft braking systems market – Vendor analysis
Vendor Landscape –

The global aircraft braking systems market is fragmented. A few prominent vendors that offer aircraft braking systems in the market are Advent Aircraft Systems Inc., Aviation Products Systems Inc., BERINGER AERO, Crane Co., GOLDfren USA, Grove Aircraft Landing Gear Systems Inc., Honeywell International Inc., Jay Em Aerospace Inc., Matco Aircraft Landing Systems, McFarlane Aviation Inc., Meggitt Plc, Moog Inc., NMG Aerospace, Parker Hannifin Corp., RAPCO Inc., Raytheon Technologies Corp., Safran SA, Sonex LLC, Tactair Fluid Controls Inc., and The Carlyle Johnson Machine Co. LLC and others.

The growth of vendors depends on several factors, such as market conditions of new aircraft procurements, government initiatives, and focus on the global availability of their products. They can also increase profitability by adopting efficient production techniques. The demand for highly efficient aircraft has increased R&D activities in the manufacturing of aircraft braking systems. Therefore, the global aircraft braking systems market is expected to grow at a high rate during the forecast period.

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Vendor offerings -

• Advent Aircraft Systems Inc. - The company offers aircraft braking systems for Eclipse 500, Beechcraft King Air B200, and Pilatus PC-12.
• Aviation Products Systems Inc. - The company offers aircraft braking systems such as technical standards, single pieces, and tight tolerances.
• BERINGER AERO - The company offers aircraft braking systems for ultralights, gliders, and amphibians.
• For details on vendors and their offerings – Request a sample report

Aircraft braking systems market - Segmentation assessment

Segment overview
Technavio has segmented the market based on application (commercial aviation, military aviation, and general aviation) and component (power brake, independent brake, and boosted brake). 

• The commercial aviation segment will account for a significant share of the market growth during the forecast period. Commercial aircraft transport passengers and commercial cargo. They are classified into narrow-body, wide-body, and regional aircraft. Factors such as the increasing preference for air travel are driving the growth of the segment.

Geography Overview
Based on geography, the global aircraft braking systems market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global aircraft braking systems market.

• North America is estimated to account for 33% of the growth of the global market during the forecast period. The highly evolved aviation infrastructure and a large affluent middle-class population are driving the growth of the market in the region. North America has mature markets, such as the US and Canada, which have developed advanced aircraft braking systems.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a sample report

Aircraft braking systems market – Market dynamics

Leading drivers - The adoption of smart sensor technologies is driving the market growth. Maintaining proper pressure within a tire can help prevent accidents. This can also help airlines save costs by improving fuel economy and reducing downtime. An unexpected rise in temperature can cause brake malfunction and wear and tear. Hence, monitoring tire and brake temperature and pressure is essential. For instance, the integrated Tire and Brake Monitoring System (TBMS) developed by Crane Aerospace and Electronics combines the function of a tire pressure monitoring unit and a brake temperature monitoring unit (BTMU). Such factors will boost the growth of the market during the forecast period.

Major challenges - The high production cost is challenging the market growth. The development of new braking systems requires significant R&D. Therefore, rigorous testing and documentation should be carried out to get the desired results. Delays in braking system deliveries can lead to an overall shortfall in demand and supply. Such factors will have a negative impact on the growth of the global market during the forecast period.

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this aircraft braking systems market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the aircraft braking systems market between 2023 and 2027
• Precise estimation of the size of the aircraft braking systems market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the aircraft braking systems market across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of aircraft braking systems market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global aircraft braking systems market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global aircraft braking systems market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Component Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Commercial aviation - Market size and forecast 2022-2027
• Exhibit 34: Chart on Commercial aviation - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Commercial aviation - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Commercial aviation - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Commercial aviation - Year-over-year growth 2022-2027 (%)

• 6.4 Military aviation - Market size and forecast 2022-2027
• Exhibit 38: Chart on Military aviation - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Military aviation - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Military aviation - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Military aviation - Year-over-year growth 2022-2027 (%)

• 6.5 General aviation - Market size and forecast 2022-2027
• Exhibit 42: Chart on General aviation - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on General aviation - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on General aviation - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on General aviation - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)
• Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Component

• 7.1 Market segments 
• Exhibit 48: Chart on Component - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 50: Chart on Comparison by Component
• Exhibit 51: Data Table on Comparison by Component

• 7.3 Power brake - Market size and forecast 2022-2027
• Exhibit 52: Chart on Power brake - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Power brake - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Power brake - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Power brake - Year-over-year growth 2022-2027 (%)

• 7.4 Independent brake - Market size and forecast 2022-2027
• Exhibit 56: Chart on Independent brake - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Independent brake - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Independent brake - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Independent brake - Year-over-year growth 2022-2027 (%)

• 7.5 Boosted brake - Market size and forecast 2022-2027
• Exhibit 60: Chart on Boosted brake - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Boosted brake - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Boosted brake - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Boosted brake - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Component 
• Exhibit 64: Market opportunity by Component ($ million)
• Exhibit 65: Data Table on Market opportunity by Component ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Advent Aircraft Systems Inc. 
• Exhibit 119: Advent Aircraft Systems Inc. - Overview
• Exhibit 120: Advent Aircraft Systems Inc. - Product / Service
• Exhibit 121: Advent Aircraft Systems Inc. - Key offerings

• 12.4 Aviation Products Systems Inc. 
• Exhibit 122: Aviation Products Systems Inc. - Overview
• Exhibit 123: Aviation Products Systems Inc. - Product / Service
• Exhibit 124: Aviation Products Systems Inc. - Key offerings

• 12.5 BERINGER AERO 
• Exhibit 125: BERINGER AERO - Overview
• Exhibit 126: BERINGER AERO - Product / Service
• Exhibit 127: BERINGER AERO - Key offerings

• 12.6 Crane Co. 
• Exhibit 128: Crane Co. - Overview
• Exhibit 129: Crane Co. - Business segments
• Exhibit 130: Crane Co. - Key offerings
• Exhibit 131: Crane Co. - Segment focus

• 12.7 GOLDfren USA 
• Exhibit 132: GOLDfren USA - Overview
• Exhibit 133: GOLDfren USA - Product / Service
• Exhibit 134: GOLDfren USA - Key offerings

• 12.8 Grove Aircraft Landing Gear Systems Inc.
• Exhibit 135: Grove Aircraft Landing Gear Systems Inc. - Overview
• Exhibit 136: Grove Aircraft Landing Gear Systems Inc. - Product / Service
• Exhibit 137: Grove Aircraft Landing Gear Systems Inc. - Key offerings

• 12.9 Honeywell International Inc. 
• Exhibit 138: Honeywell International Inc. - Overview
• Exhibit 139: Honeywell International Inc. - Business segments
• Exhibit 140: Honeywell International Inc. - Key news
• Exhibit 141: Honeywell International Inc. - Key offerings
• Exhibit 142: Honeywell International Inc. - Segment focus

• 12.10 Jay Em Aerospace Inc. 
• Exhibit 143: Jay Em Aerospace Inc. - Overview
• Exhibit 144: Jay Em Aerospace Inc. - Product / Service
• Exhibit 145: Jay Em Aerospace Inc. - Key offerings

• 12.11 Matco Aircraft Landing Systems 
• Exhibit 146: Matco Aircraft Landing Systems - Overview
• Exhibit 147: Matco Aircraft Landing Systems - Product / Service
• Exhibit 148: Matco Aircraft Landing Systems - Key offerings

• 12.12 McFarlane Aviation Inc. 
• Exhibit 149: McFarlane Aviation Inc. - Overview
• Exhibit 150: McFarlane Aviation Inc. - Product / Service
• Exhibit 151: McFarlane Aviation Inc. - Key offerings

• 12.13 Meggitt Plc 
• Exhibit 152: Meggitt Plc - Overview
• Exhibit 153: Meggitt Plc - Business segments
• Exhibit 154: Meggitt Plc - Key offerings
• Exhibit 155: Meggitt Plc - Segment focus

• 12.14 Parker Hannifin Corp. 
• Exhibit 156: Parker Hannifin Corp. - Overview
• Exhibit 157: Parker Hannifin Corp. - Business segments
• Exhibit 158: Parker Hannifin Corp. - Key news
• Exhibit 159: Parker Hannifin Corp. - Key offerings
• Exhibit 160: Parker Hannifin Corp. - Segment focus

• 12.15 RAPCO Inc. 
• Exhibit 161: RAPCO Inc. - Overview
• Exhibit 162: RAPCO Inc. - Product / Service
• Exhibit 163: RAPCO Inc. - Key offerings

• 12.16 Raytheon Technologies Corp. 
• Exhibit 164: Raytheon Technologies Corp. - Overview
• Exhibit 165: Raytheon Technologies Corp. - Business segments
• Exhibit 166: Raytheon Technologies Corp. - Key news
• Exhibit 167: Raytheon Technologies Corp. - Key offerings
• Exhibit 168: Raytheon Technologies Corp. - Segment focus

• 12.17 Safran SA 
• Exhibit 169: Safran SA - Overview
• Exhibit 170: Safran SA - Business segments
• Exhibit 171: Safran SA - Key news
• Exhibit 172: Safran SA - Key offerings
• Exhibit 173: Safran SA - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

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