Large Aircraft Braking System Market size is estimated to be USD 1.12 Billion in 2024 and is expected to reach USD 1.76 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global Large Aircraft Braking System Market was valued at approximately USD 3.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2023 to 2030. The demand for advanced braking systems, including carbon brakes and multi disc systems, is on the rise due to the increasing adoption of wide body aircraft and the growing air travel industry. The Asia Pacific region is expected to lead the market, driven by increasing air traffic, particularly in countries like China and India, and expanding aircraft fleets. In 2022, the market in Asia Pacific accounted for around 35% of the global share, valued at approximately USD 1.2 billion, and is expected to grow rapidly during the forecast period. North America and Europe also hold significant shares, contributing 25% and 23% of the global market, respectively, with steady demand in the military and commercial aviation sectors. The market is expected to witness substantial growth in Latin America and the Middle East & Africa, with increasing aircraft operations and the modernization of older fleets.
Regional dynamics are expected to shape the overall growth of the Large Aircraft Braking System Market. In North America, the market was valued at approximately USD 875 million in 2022 and is projected to grow at a CAGR of 5.8% from 2023 to 2030, primarily due to technological advancements in braking systems and the presence of established aerospace manufacturing companies. Europe, with its strong aviation industry, is also expected to contribute significantly to the market, with a value of USD 805 million in 2022. The regional market is expected to grow at a similar CAGR of 6.2%, supported by the integration of cutting edge technologies and innovation in braking systems. Meanwhile, the Middle East & Africa market is poised for substantial growth, owing to the increasing demand for large aircraft in the region, expected to experience a CAGR of 7.1% during the forecast period.
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Collins Aerospace
Safran
Honeywell International
Parker Aerospace
Meggit
Craneae
Lufthansa Technik
Aviation Industry Coporation Of China
Hunan Boyun New Materials
Beijing Beimogaoke Friction Material
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Large Aircraft Braking System Market
Commercial Aircraft
Military Aircraft
Business Jets
Carbon Brakes
Steel Brakes
Brake Control Systems
Brake Actuators
Brake Discs
Brake Pads
Anti-Skid Control Systems
Hydraulic Brakes
Pneumatic Brakes
Electromechanical Brakes
Original Equipment Manufacturers (OEMs)
Aftermarket
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Large Aircraft Braking System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Large Aircraft Braking System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Large Aircraft Braking System Market, By Type
6. Global Large Aircraft Braking System Market, By Application
7. Global Large Aircraft Braking System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Large Aircraft Braking System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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