Global Aircraft Braking System Market Size, Share, Growth Analysis, By Actuation(Independent, boosted and power brake systems), By End user(OEM and aftermarket) - Industry Forecast 2024-2031

Aircraft Braking System Market size was valued at USD 6.38 billion in 2021 and is poised to grow from USD 6.6 billion in 2022 to USD 8.69 billion by 2030, at a CAGR of 3.5% during the forecast period (2023-2030).

The global aircraft braking system market is currently witnessing robust growth, driven by increasing air travel demand and the expansion of the aviation industry.

As of the present, the market is characterized by a surging demand for technologically advanced, reliable, and efficient braking systems to ensure enhanced safety and operational efficiency of aircraft. Airlines and aircraft manufacturers are continually focusing on adopting state-of-the-art braking technologies, such as carbon brakes, electric brakes, and anti-skid systems, to improve aircraft performance and reduce maintenance costs.

Moreover, stringent aviation safety regulations implemented by regulatory authorities across the globe are compelling airlines to upgrade their existing braking systems and invest in novel solutions. Additionally, the rising trend towards the adoption of lightweight materials and advancements in electronic braking systems are further propelling market growth.

Geographically, the market is experiencing significant traction in emerging economies, thanks to the continuous expansion of air travel and the modernization of aircraft fleets in these regions.

Major players in the aircraft braking system industry are actively engaging in research and development activities, collaborations, and strategic partnerships to gain a competitive edge and capture a larger market share. As technology continues to evolve, the global aircraft braking system market is anticipated to maintain its upward trajectory in the foreseeable future.

US Aircraft Braking System Market is poised to grow at a sustainable CAGR for the next forecast year.