Aircraft braking systems are among the most vital parts of all types of aircraft, such as narrow-body aircraft, wide-body aircraft, business jets, cargo aircraft, military aircraft, and fighter jets. These systems are part of the landing gear used by aircraft wheels while landing and are responsible for safe landing and making the flight a safe and reliable mode of transport. The braking system in a flight is operated via hydraulics or pneumatically; modern electric brakes are operated electrically with the help of braking systems. A typical aircraft brake converts motion into heat energy due to friction. As a result, a significant amount of heat is generated onto the braking component. Proper equipment, maintenance, and regular inspection of aircraft brakes are necessary for the safe, effective, and efficient operation of an aircraft. A modern aircraft uses a basic disc braking system in which a disc is attached to the rotating wheel. A caliper at a fixed position produces friction which brings the aircraft to a stationary position. Weight, size, and landing speed influence the aircraft braking system, along with its design and complexity. The safety of aircraft has led to the increased deployment of aircraft braking systems to optimize their performance and ensure improved operational safety and efficiency.
The Aircraft Braking system Market is projected to grow from USD 6.4 billion in 2022 to USD 7.6 billion by 2027, at a CAGR of 3.3% during the forecast period. The dynamics of the aircraft braking system market are influenced by events in the aerospace industry and global trade. With advancements in technology, the braking systems that will be adopted in aircraft are expected to increase. New materials are being developed to make braking systems more advanced and light weight with more endurance. These factors will also drive the market in the future.
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Contracts, agreements, investments, new product launches and acquisitions are among some of the key strategies adopted by the leading market players and various stakeholders to strengthen and sustain their position in the Aircraft Braking system Market. For instance, In September 2022, Parker-Hannifin Corporation acquired Meggit plc. Meggitt has diverse aerospace and defense exposure with technology and products on almost every major aircraft platform. Meggitt’s complementary product portfolio and geographic footprint, as well as its proprietary and differentiated technologies, will significantly enhance Parker’s capabilities, positioning the company to provide a broader suite of solutions for aircraft and aeroengine components and systems
Major players operating in the aircraft braking system market include Safran (France), Collins Aerospace (US), Parker-Hannifin Corporation (US), Crane Co. (US), and Honeywell International Inc. (US) among others. These key players offer aircraft braking system and services to different key stakeholders. These leading players have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific, and Middle East Honeywell International Inc. wheels and braking systems serve a broad portfolio of commercial and military aircraft, ranging from the advanced F-35 Joint Strike Fighter to the world’s largest airliner- the A380. The company has designed and manufactured aircraft wheels and brakes for almost 75 years, with manufacturing and engineering centers in the US and China and repair and overhaul (R&O) shops worldwide.
Safran is a renowned player in landing and braking systems for civil and military airplanes and helicopters. These include products such as braking systems, wheels, and brakes, as well as associated systems (steering, braking system extension/retraction, braking control, and monitoring).
Parker-Hannifin Corporation wheel & brake division manufactures aircraft wheels and brake systems and related hydraulic products for the general aviation, business aviation, rotorcraft, and military aircraft markets. This division also covers the Cleveland Wheels & Brakes product line of the company.
Meggitt plc is one of the key players and has a significant customer base in the market consisting of global aircraft manufacturers. The company provides wheels and braking systems under its product and services portfolio in segments such as brake control systems, tire pressure monitoring, and wheels and brakes.
Crane Co. offers superior-quality electronic and hydraulic subsystems for braking systems. It also offers custom-engineered brake control systems, reliable hydraulic components, and braking system proximity indication systems.
Aircraft Braking System Market by Aircraft Type, End Use (OEM, Aftermarket), Actuation (Power Brake, Boosted Brake, Independent Brake), Component (Wheels, Brake Discs, Brake Housing, Valves, Actuators, Accumulator, Electronics), Region - Forecast to 2027
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