Aircraft Braking Systems Market Size to Grow by USD 1.29 billion | Development of Electric Brake Systems to be a Key Market Trend | Technavio

NEW YORK, April 6, 2022 -- The Aircraft Braking Systems Market size is expected to increase by USD 1.29 billion from 2021 to 2026, at a decelerating CAGR of 6.4%, according to the recent market study by Technavio.

Market trend

The development of electric brake systems is one of the trends in the aircraft braking systems market growth. The use of electric technology can replace the conventional hydraulic lines, which makes the installation and maintenance much easier. The production and use of electric brakes are environmentally friendly, as they do not feature potential toxic chemicals such as cadmium, chromium, beryllium, and asbestos.

Segmentation by Application (In-Scope/Out-of-Scope)

• In-Scope:
• Commercial aviation:
  The market vendors should focus on grabbing business opportunities from the commercial aviation segment under the application category, as it accounted for the largest market share in the base year. The rapid growth of the commercial aviation industry can be attributed to the increasing preference of consumers for air travel.

• Out-of-Scope:
• Military aviation
• General aviation

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Highlights-

• Segmentation- The report extensively covers market segmentation by application (commercial aviation, military aviation, and general aviation) and geography (North America, APAC, Europe, South America, and the Middle East and Africa).
• Key Companies- Advent Aircraft Systems Inc., Aviation Products Systems Inc., BERINGER AERO, Crane Co., Electroid Co., GOLDfren, Grove Aircraft Landing Gear Systems Inc., Honeywell International Inc., Jay Em Aerospace Inc., MATCO mfg, McFarlane Aviation Inc., Meggitt Plc, NMG Aerospace, Parker Hannifin Corp., RAPCO Inc., Raytheon Technologies Corp., Safran SA, Sonex Aircraft LLC, Tactair Fluid Controls Inc., and The Carlyle Johnson Machine Co. LLC, among others.
• Driver- Growth of commercial and general aviation
• Challenge- Grounding of aircraft fleets

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Vendor Insights-

The Aircraft Braking Systems market is fragmented, and the vendors are deploying growth strategies such as product launches and business expansions to compete in the market. The offerings of some of the key vendors are listed below:

• BERINGER AERO - The company offers solutions for aircraft braking systems that are designed to provide the stopping power with progressivity and reliability with various types of wheel and brake assemblies, under the brand name of Beringer.
• Crane Co. - The company offers solutions for aircraft braking systems that deliver complete braking control from aircraft touchdown to low speed dropout and the autobrake provides the pilot deceleration levels, under the brand name of Crane.
• Grove Aircraft Landing Gear Systems Inc. - The company offers solutions for aircraft braking systems that deliver locked wheel protection which prevents safety-critical situations from occurring, as well as blown tires, under the brand name of Grove.

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Learn More about Key Driver & Challenge of the Market-

• Aircraft Braking Systems Market Driver:
• Growth of commercial and general aviation:
  The increasing number of very high-net-worth individuals (HNWIs) is augmenting the demand for chartered flights or private jets for business and leisure. The global civil passenger traffic is expected to double in the next 15 years. This growth in global air passenger traffic can be met if airlines procure more aircraft to increase their fleet size and replace retiring aircraft. Thus, the aftermarket demand for aircraft braking systems is expected to account for a large share of the market.

• Aircraft Braking Systems Market Challenge:
• Grounding of aircraft fleets:
  The development of the global aircraft braking systems market is largely dependent on the growth of the fleet size of scheduled airlines and air forces. A large fleet size necessitates the replacement of aircraft braking systems. However, the grounding of a few airlines or an aircraft model and delays in deliveries of aircraft ordered by airlines usually hinder the market from achieving its potential growth. 

Find additional information about various other market Drivers & Challenges mentioned in our FREE sample report.

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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 Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Commercial aviation - Market size and forecast 2021-2026
• Exhibit 28: Chart on Commercial aviation - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Commercial aviation - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Commercial aviation - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Commercial aviation - Year-over-year growth 2021-2026 (%)

• 5.4 Military aviation - Market size and forecast 2021-2026
• Exhibit 32: Chart on Military aviation - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Military aviation - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Military aviation - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Military aviation - Year-over-year growth 2021-2026 (%)

• 5.5 General aviation - Market size and forecast 2021-2026
• Exhibit 36: Chart on General aviation - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on General aviation - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on General aviation - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on General aviation - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Application
• Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 France - Market size and forecast 2021-2026
• Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Germany - Market size and forecast 2021-2026
• Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Advent Aircraft Systems Inc.
• Exhibit 93: Advent Aircraft Systems Inc. - Overview
• Exhibit 94: Advent Aircraft Systems Inc. - Product / Service
• Exhibit 95: Advent Aircraft Systems Inc. - Key offerings

• 10.4 BERINGER AERO
• Exhibit 96: BERINGER AERO - Overview
• Exhibit 97: BERINGER AERO - Product / Service
• Exhibit 98: BERINGER AERO - Key offerings

• 10.5 Crane Co.
• Exhibit 99: Crane Co. - Overview
• Exhibit 100: Crane Co. - Business segments
• Exhibit 101: Crane Co. - Key offerings
• Exhibit 102: Crane Co. - Segment focus

• 10.6 Grove Aircraft Landing Gear Systems Inc.
• Exhibit 103: Grove Aircraft Landing Gear Systems Inc. - Overview
• Exhibit 104: Grove Aircraft Landing Gear Systems Inc. - Product / Service
• Exhibit 105: Grove Aircraft Landing Gear Systems Inc. - Key offerings

• 10.7 Honeywell International Inc.
• Exhibit 106: Honeywell International Inc. - Overview
• Exhibit 107: Honeywell International Inc. - Business segments
• Exhibit 108: Honeywell International Inc. - Key news
• Exhibit 109: Honeywell International Inc. - Key offerings
• Exhibit 110: Honeywell International Inc. - Segment focus

• 10.8 Jay Em Aerospace Inc.
• Exhibit 111: Jay Em Aerospace Inc. - Overview
• Exhibit 112: Jay Em Aerospace Inc. - Product / Service
• Exhibit 113: Jay Em Aerospace Inc. - Key offerings

• 10.9 Meggitt Plc
• Exhibit 114: Meggitt Plc - Overview
• Exhibit 115: Meggitt Plc - Business segments
• Exhibit 116: Meggitt Plc - Key offerings
• Exhibit 117: Meggitt Plc - Segment focus

• 10.10 Parker Hannifin Corp.
• Exhibit 118: Parker Hannifin Corp. - Overview
• Exhibit 119: Parker Hannifin Corp. - Business segments
• Exhibit 120: Parker Hannifin Corp. - Key offerings
• Exhibit 121: Parker Hannifin Corp. - Segment focus

• 10.11 Raytheon Technologies Corp.
• Exhibit 122: Raytheon Technologies Corp. - Overview
• Exhibit 123: Raytheon Technologies Corp. - Business segments
• Exhibit 124: Raytheon Technologies Corp. - Key news
• Exhibit 125: Raytheon Technologies Corp. - Key offerings
• Exhibit 126: Raytheon Technologies Corp. - Segment focus

• 10.12 Safran SA
• Exhibit 127: Safran SA - Overview
• Exhibit 128: Safran SA - Business segments
• Exhibit 129: Safran SA - Key offerings
• Exhibit 130: Safran SA - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 131: Inclusions checklist
• Exhibit 132: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 133: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 134: Research methodology
• Exhibit 135: Validation techniques employed for market sizing
• Exhibit 136: Information sources

• 11.5 List of abbreviations
• Exhibit 137: List of abbreviations

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