Aircraft Braking System Market

Market Leader - Aircraft Braking System Market

The global aircraft braking system market size is projected to grow from USD 10.9 billion in 2021 to USD 13.1 billion by 2026, at a CAGR of 3.6% from 2021 to 2026. The market is driven by various factors, such as rise in demand from OEMs and increasing number of commercial flights.

Honeywell International Inc. (US), Meggitt PLC (UK), Safran (France), Crane Co. (US), and Parker-Hannifin Corporation (US), among others, are some of the leading players operating in the aircraft braking system market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include contracts, agreements, and research & development (R&D) activities further to expand their presence in the aircraft braking system market.

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Honeywell International Inc. was ranked first in the aircraft braking system market in 2020. The company’s 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 Airbus A380. Honeywell 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 around the world.

Safran was ranked second in the aircraft braking system market in 2020. Safran is a renowned player in landing and braking systems for civil and military airplanes as well as helicopters. These include products such as landing gears, wheels and brakes, as well as associated systems (steering, landing gear extension/retraction, braking control, monitoring).

Parker-Hannifin Corporation was ranked third in the aircraft braking system market in 2020. The company’s Aircraft 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 company’s Cleveland Wheels & Brakes product line.

Related Reports:

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 2026

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Report Code
AS 5248
RI Published ON
7/14/2021
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