DUBLIN--(BUSINESS WIRE )--The "Aircraft Brake System Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global aircraft brake system market is expected to grow from $7.77 billion in 2021 to $8.56 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The market is expected to grow to $10.85 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%.

Major players in the aircraft brake system market are Honeywell International, Safran Landing Systems, Raytheon Technologies, PARKER HANNIFIN CORP, Crane Aerospace & Electronics, Beringer-aero, MATCO mfg, Grove Aircraft Landing Gear Systems Inc., Jay-Em Aerospace & Machine Inc., Bauer Inc., Nasco Aircraft Brake Inc., Collins Aerospace, and AAR Corp.

The aircraft brake system market consists of sales of the aircraft brake systems by entities (organizations, sole proprietors, partnerships) that are used to stop a moving aircraft by converting kinetic energy to heat energy through friction between discs located in brake systems in the wheels. This system provides this critical function during take-off, landing, and taxiing to stop the airplanes within the specified length of the runway.

The main components in an aircraft brake system are braking system components, brakes, and wheels. The wheels support the entire weight of the aircraft during takeoff and landing. The brake systems of an aircraft are attached to the wheels. There are single-piece and two-piece aircraft wheels with a removable rim which allows the installation access for the tire.

The different actuation types include power brake, boosted brake, independent brake and involve various aircraft types such as fixed-wing, rotary wing, unmanned aerial vehicles aircraft. The several break types include carbon breaks, steel breaks, others and are used by various end-users such as commercial aircraft and defense aircraft.

North America was the largest region in the aircraft brake system market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The increasing fleet size of commercial and defense aircraft is expected to propel the growth of the aircraft brake system market going forward. The number of airplanes operated by a certain airline is referred to as the aircraft fleet. As the fleet grows, more braking systems must be installed in the aircraft, and existing braking systems need to be replaced.

For instance, according to Boeing, a US-based aerospace company's commercial market outlook 2021-2040, the global commercial fleet is expected to exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial and defense aircraft is driving the aircraft braking system market.

Strategic partnerships and collaborations are shaping the aircraft brake system market. Strategic partnerships and collaborations facilitate partners to build innovative solutions for their customers, enter into new markets, and pool valuable expertise and resources.

For instance, in May 2021, HAECO Group, a Hong Kong-based aircraft engineering company has extended its long-term partnership with AeroLogic GmbH, a Germany-based cargo airline. Under the terms of the deal, HAECO will maintain AeroLogic's Boeing 777-200 freighter fleet, which currently consists of 18 Boeing 777F aircraft.

Also, in April 2021, Honeywell, a US-based company that manufactures the aircraft brake system has entered a ten-year license and parts supply agreement with GKN Aerospace's Fokker Landing Gear business in the Netherlands. Under this partnership, GKN Aerospace will overhaul, repair, and provide maintenance for Honeywell's brakes and wheels. GKN Ltd is a UK-based company that builds, supplies, and develops innovative aerospace systems, components, and sustainable technologies.

In April 2021, Alstom, a France-based rolling stock manufacturing company acquired Flertex for an undisclosed amount. Through this acquisition, Alstom will expand and strengthen its expertise in braking systems to meet the needs of its customers. Flertex is a France-based company that manufactures brake linings (pads and shoes) for aeronautical braking systems.

The countries covered in the aircraft brake system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

2. Aircraft Brake System Market Characteristics

3. Aircraft Brake System Market Trends And Strategies

4. Impact Of COVID-19 On Aircraft Brake System

5. Aircraft Brake System Market Size And Growth

5.1. Global Aircraft Brake System Historic Market, 2016-2021, $ Billion

5.2. Global Aircraft Brake System Forecast Market, 2021-2026F, 2031F, $ Billion

6. Aircraft Brake System Market Segmentation

6.1. Global Aircraft Brake System Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

6.2. Global Aircraft Brake System Market, Segmentation By Actuation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

6.3. Global Aircraft Brake System Market, Segmentation By Brake Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

6.4. Global Aircraft Brake System Market, Segmentation By Aircraft Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

6.5. Global Aircraft Brake System Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

7. Aircraft Brake System Market Regional And Country Analysis

7.1. Global Aircraft Brake System Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

7.2. Global Aircraft Brake System Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/92k7b9

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900