How big is the Aircraft Brakes Market?

The Aircraft Brakes Market size is expected to reach USD 9.83 billion in 2024 and grow at a CAGR of 5.16% to reach USD 12.65 billion by 2029. Read More

What is the current Aircraft Brakes Market size?

In 2024, the Aircraft Brakes Market size is expected to reach USD 9.83 billion. Read More

Who are the key players in Aircraft Brakes Market?

Crane Aerospace & Electronics, Safran, Honeywell International Inc., RTX Corporation and Parker-Meggitt are the major companies operating in the Aircraft Brakes Market. Read More

Which is the fastest growing region in Aircraft Brakes Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aircraft Brakes Market?

In 2024, the North America accounts for the largest market share in Aircraft Brakes Market. Read More

What years does this Aircraft Brakes Market cover, and what was the market size in 2023?

In 2023, the Aircraft Brakes Market size was estimated at USD 9.32 billion. The report covers the Aircraft Brakes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Brakes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aircraft Brakes Market - Size, Share & Industry Analysis

Aircraft Brakes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Commercial Aircraft Carbon Brakes Market is Segmented by Type (Electric Brakes, Carbon Brakes, and Steel Brakes), End User (Commercial, Military, and General Aviation), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Aircraft Brakes Industry Overview

The aircraft brakes market is consolidated in nature, with a presence of few players holding significant shares in the market. The prominent players in the market are RTX Corporation, Safran, Crane Aerospace & Electronics, Parker-Meggitt, and Honeywell International Inc. These are firms that supply brakes and braking systems to most of the aircraft in the military, commercial, and general aviation sectors.

With high brand values and long-term contracts with aircraft OEMs, these prominent players dominate the market, making it difficult for new players to capitalize on this landscape. The investments by the companies in electric brake technology, which is currently in its initial stage, are also expected to help them maintain prominent positions, during the transition from carbon brakes to electric brakes in the future.