Global aircraft braking system market to reach $13.4 billion by 2027. Global aircraft braking system market is valued approximately at $10.5 billion in 2020 and is anticipated to grow with a healthy growth rate of about3.6% over the forecast period 2021-2027. Aircraft braking system refers to the combination of aircraft disc brakes used to provide brake to the aircraft wheels while landing on the ground. The braking system are used not only to de-accelerate the aircraft during a landing run but also to hold it during engine run-up and sometimes to steer it during the differential braking. The global aircraft braking system market is being driven by increase in operations in the commercial aircraft industry and technological improvement in aircraft braking component. Furthermore, the growth of the unmanned aerial vehicles industry will provide new opportunities for the global aircraft braking system industry. According to Statista, the market value of unmanned aerial vehicle is expected to increase from $25.59 billion in 2018 to approximately $70.28 billion by 2029, across the globe. Such growth witnessed in the unmanned aerial vehicle industry would therefore increase the demand and adoption of technologically advanced aircraft braking system which in turn would drive the market. However, manufacturing challenges faced by product manufacturers, may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global aircraft braking system is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America has emerged as a significant region across the world in terms of market share due to rapid growth in the adoption of technologically advanced braking system, rise in aircraft supplies and orders, rising demand for commercial aircrafts, presence of majority of the key players operating in the domain such as Parker-Hannifin Corporation, Crane Co., Honeywell International, Inc, etc. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increased passenger movement, investments and funding in defense infrastructures across emerging economies such as China and India.
Major market player included in this report are:

Honeywell International, Inc.
Safran
Parker-Hannifin Corporation
Meggitt Plc
Crane Co.
Collins Aerospace
Beringer Aero
Jay-Em Aerospace
Grove Aircraft Landing Gear Systems Inc.
Matco Mfg.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Wheels
Brake Discs
Brake Housing
Valves
Actuators
Accumulator
Electronics
By Actuation:
Power Brake
Boosted Brake
Independent Brake
By Aircraft Type:
Fixed Wing
Rotary Wing
Unmanned Aerial Vehicles
By End Use:
OEM
Aftermarket
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Aircraft Braking System Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors