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Aircraft Braking System Market Share

Report ID: GMI5100
Published Date: Oct 2023
Report Format: PDF

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Aircraft Braking System Market Share

Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the industry. Some major players operating in the aircraft braking system industry are mentioned below:

Beringer Aero
Collins Aerospace
Crane Co.
Honeywell International Inc.
Meggitt PLC
Parker-Hannifin Corporation
Safran

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for aircraft braking system was USD 6.8 billion in 2022 and is anticipated to grow at over 4% CAGR from 2023 to 2032 attributed to the global surge in air travel, driven by rising disposable incomes, urbanization, and the growing middle-class population.

The fixed-wing segment held more than 40% share of the aircraft braking system industry in 2022 and is expected to witness high demand through 2032 owing to the expansion of commercial aviation and the increasing number of passenger aircraft.

North America industry for aircraft braking system accounted for more than 30% revenue share in 2022 and is expected to witness substantial growth up to 2032 owing to the presence of the robust aviation industry including major aircraft manufacturers and airlines & suppliers.

Some of the leading companies engaged in the aircraft braking system industry are Beringer Aero, Collins Aerospace, Crane Co., Honeywell International Inc., Meggitt PLC, Parker-Hannifin Corporation, and Safran.