Aircraft Braking Systems Market Expected to Reach $ 16.95 Billion


Portland, OR, November 22, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the aircraft braking systems market generated $ 10.52 billion in 2020 and is expected to reach $ 16.95 billion in 2030, a CAGR of 5.2%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimates, and key players.

The increase in passenger air traffic globally and the increase in operations in the commercial aviation sector are expected to fuel the aircraft braking system Marlet. On the other hand, strict regulatory conditions create barriers to market growth. On the contrary, the use of advanced technologies can offer lucrative market opportunities.

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Aircraft braking system COVID-19 scenario:

  • The accelerated spread of COVID-19 has impacted the global aircraft braking systems market in 2020 due to strict lockdown restrictions and disruption of the supply chain and raw materials.
  • The pandemic has imposed several challenges on the market such as logistical difficulties and the gap between supply and demand.
  • Due to the lack of capital and limited market activities, manufacturers have reduced their R&D investments to survive in an uncertain economy.
  • The outbreak of the COVID-19 pandemic also led to a drop in air traffic figures.

The report segments the global aircraft braking systems market on the basis of actuation, distribution, aircraft type, and region.

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On the basis of aircraft type, the fixed wing segment accounted for the largest market share in 2020, contributing more than three quarters of the total share, and is expected to maintain its lead throughout the forecast period. The same segment is estimated to experience the fastest CAGR of 5.3% from 2021 to 2030. The report also covers the rotary airfoil segment.

On an actuation basis, the power outage segment contributed the highest market share in 2020, attributing over two-fifths of the total market share, and is expected to dominate the market during the period. forecast. The same segment is expected to have the fastest CAGR of 5.7% from 2021 to 2030. The report also covers segments such as boost brake and independent brake.

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Based on region, Asia-Pacific, followed by North America, contributed the highest share in 2020, holding around one-third of the total share, and is expected to maintain its dominance throughout. the forecast period. The global Asia-Pacific aircraft braking systems market is expected to post the fastest CAGR of 6.5% during the forecast period.

The major players in the global aircraft braking systems market analyzed in the research include AAR Corp., Lufthansa Technik AG Crane Co., Honeywell International Inc., Beringer Aero, The Carlyle Johnson Machine Company, Meggitt PLC, Safran, Collins Aerospace and Parker- Hannifin Company.

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Similar reports we have on brake systems industry:

Pneumatic Braking Systems Market by type (pneumatic disc brake, pneumatic drum brake), component (compressor, regulator, reservoir, air dryer, foot valve, brake chamber, slack adjuster and others) and vehicle type (trucks, buses and rolling stock): Global Industry opportunity analysis and forecast, 2018-2030.

Automotive Braking Systems Market by type (disc and drum), technology (anti-lock braking system (ABS), traction control system (TCS), electronic stability control (ESC) and electronic brake force distribution (EBD)), vehicle type (Passenger ICE Vehicle, Commercial ICE Vehicle and Electric Vehicle) and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019-2030.

Braking Systems Market by product type (disc brake, drum brake, hydrostatic brake, hydraulic wet brake, and regenerative and dynamic braking), distribution channel (original equipment manufacturers (OEM) and aftermarket) and end use (automotive, Construction Equipment, Farm Equipment, Industrial Trucks, and Mining Equipment): Global Opportunity Analysis and Industry Forecast, 2020-2030.

Disc Brake Systems Market by brake type (disc brake and drum brake), vehicle type (passenger cars, light commercial vehicles and heavy commercial vehicles), technology (anti-lock braking system (ABS), electronic stability, traction control system and distribution Brake Force Electronics) and Application (Farm Tractor and Construction Equipment): Global Opportunity Analysis and Industry Forecast, 2021-2030.

Modular Braking Systems Market By Drive (Hydraulic Braking Systems and Disc Braking Systems) and Application (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2021-2030.

About Us

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, the CEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.


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