Aircraft Wheels and Brakes Market: Global Industry Analysis and Forecast (2024-2030)

  • Aircraft Wheels and Brakes Market size was valued at USD 6.94 Bn. in 2023 and the total Aircraft Wheels and Brakes Market size is expected to grow at a CAGR of 4.94 % from 2024 to 2030, reaching nearly USD 9.73 Bn. by 2030.

  • Format : PDF | Report ID : SMR_2030

Aircraft Wheels and Brakes Market Overview

Aircraft Wheels and braking systems include: Aircraft disc brakes in the landing gear, used to brake the wheels while touching the ground. These brakes are operated hydraulically, pneumatically or electrically. In most modern aircraft they are activated by the top section of the rudder pedals the main factors that are expected to support the growth of the global aircraft brake system market during the forecast period include a rise in commercial aircraft fleet size plus increasing demand for lightweight aircraft components.

 

Moreover, the growing fleet size and the emergence of low-cost carriers in emerging economies are further propelling market growth. However, challenges such as high initial investments and the need for continuous research and development to meet evolving safety standards pose significant hurdles to market expansion. Overall, the aircraft wheels and brakes market are poised for steady growth, driven by a combination of technological innovation, market demand, and regulatory requirements.

Aircraft Wheels and Brakes Market

 

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Aircraft Wheels and Brakes Market Dynamics

Technological Improvements in braking components

The development of aircraft braking systems technology has come a long way in the past few years. Previously, only a few products could provide safety for have been available; they used a mechanical system that was independent from the landing gear itself construction. Different kinds of brakes exist as well as their applications according to use alongside industry standards and rules.

 

Technological improvement in the aircraft braking system will also be a significant driver as aircraft players will not be willing to compromise on the safety and efficiency of their aircraft, passengers, and employees. As a result, they will continue to subscribe to upgradation and maintenance services to have the highest order of braking systems for their aircraft.

 

Stringent Regulatory Environment

Regulatory bodies in the aerospace industry have set in place very strict and stringent, dynamic standards to ensure the highest level of safety in advancing aviation. Such stringent regulations place complex manufacturing and quality assurance requirements on manufacturers of aircraft braking systems and the MRO service providers thereof. A good example of this stringent requirement is in the replacement of steel brakes with carbon brakes in commercial aircraft. Braking systems providers are taken through intensive testing and certification processes to ensure that their brakes and the associated systems are compatible and safe for the airplane.

 

Aircraft Wheels and Brakes Market Segment Analysis:

Based on the component type, the market is segmented as wheels, brakes, and braking systems. The brakes segment is estimated to register the highest growth during the forecast period, driven by the high demand for carbon brakes and technological progressions in braking systems, such as electric braking systems.

Aircraft Wheels and Brakes Market2

Aircraft Wheels and Brakes Market Regional Insights:

North America is the largest market due to the fleet size, strong aerospace infrastructure, and continuous innovation. Europe is not far behind, with driving factors such as strict safety regulations, strong participation of key market players, and increasing focus on sustainable aviation. The Asia-Pacific market is a dynamic one, driven by fast urbanization, increasing air travel demand, and increasing investments in aviation infrastructure. Regions such as Latin America, the Middle East, and Africa offer unique opportunities, supported by economic development, updating fleets, and strategic partnerships across the international aerospace value chain. In other words, the regional dynamics in the aircraft wheels and brakes market indicate that one should adapt strategies to local nuances while harnessing global industry trends.

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Aircraft Wheels and Brakes Market Competitive Landscape

  • March 2023 Financiadora de Estudos e Projetos (Finep) is a Brazilian government agency that provides public money for Science, Technology, and Innovation to further Brazil's economic and social development.
  • May 2023 Bombardier has announced that all Challenger 3500 aircraft will come standard with Iridium Certus connectivity, giving customers a stable and fast internet connection. This new offering results from the partnership between Bombardier and Collins Aerospace, the company's preferred service provider for fleetwide connectivity services.

 

Aircraft Wheels and Brakes Market Scope

Aircraft Wheels and Brakes Market

Market Size in 2023

USD 6.94 Bn.

Market Size in 2030

USD 9.73 Bn.

CAGR (2024-2030)

4.94 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By Component Type

  • Wheels
  • Brakes
  • Braking Systems

By Fit Type

  • Line fit
  • Retrofit

By End Use

  • OEM
  • Aftermarket

Regional Scope

North America- United States, Canada, and Mexico

Europe – United Kingdom, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Aircraft Wheels and Brakes Market Key Players


Frequently Asked Questions

Technological improvement in the aircraft braking system and wheels advancement are the drivers for Aircraft Wheels and Brakes Market.

1.    Aircraft Wheels and Brakes Market: Research Methodology 
2.    Aircraft Wheels and Brakes Market: Executive Summary
3.    Aircraft Wheels and Brakes Market: Competitive Landscape

4.    Potential Areas for Investment
4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Aircraft Wheels and Brakes Market: Dynamics
5.1. Drivers
5.2. Restraints
5.3. Opportunities
5.4. Challenges
5.5. Market Trends by Region
5.5.1.    North America
5.5.2.    Europe
5.5.3.    Asia Pacific
5.5.4.    Middle East and Africa
5.5.5.    South America

5.6. Market Drivers by Region
5.6.1.    North America
5.6.2.    Europe
5.6.3.    Asia Pacific
5.6.4.    Middle East and Africa
5.6.5.    South America

5.7. Market Restraints
5.8. Market Opportunities
5.9. Market Challenges
5.10. PORTER’s Five Forces Analysis
5.11. PESTLE Analysis
5.12. Strategies for New Entrants to Penetrate the Market
5.13. Analysis of Government Schemes and Initiatives for the Aircraft Wheels and Brakes Industry
5.14. Regulatory Landscape by Region
5.14.1.    North America
5.14.2.    Europe
5.14.3.    Asia Pacific
5.14.4.    Middle East and Africa
5.14.5.    South America

6.    Aircraft Wheels and Brakes Market Size and Forecast by Segments (by Value Units)
6.1.1.    Aircraft Wheels and Brakes Market Size and Forecast, by Components Type (2023-2030)
6.1.1.1.    Wheels
6.1.1.2.    Brakes
6.1.1.3.    Braking System
6.1.2.    Aircraft Wheels and Brakes Market Size and Forecast, by Fit Type (2023-2030)
6.1.2.1.    Line fit
6.1.2.2.    Retrofit
6.1.3.    Aircraft Wheels and Brakes Market Size and Forecast, by End Use (2023-2030)
6.1.3.1.    OEM
6.1.3.2.    Aftermarket
6.1.4.    Aircraft Wheels and Brakes Market Size and Forecast, by region (2023-2030)
6.1.4.1.    North America
6.1.4.2.    Europe
6.1.4.3.    Asia Pacific
6.1.4.4.    Middle East and Africa
6.1.4.5.    South America

7.    North America Aircraft Wheels and Brakes Market Size and Forecast (by value Units)
7.1. North America Aircraft Wheels and Brakes Market Size and Forecast, by Component Type (2023-2030)
7.1.1.    Wheels
7.1.2.    Brakes
7.1.3.    Braking System

7.2.  North America Aircraft Wheels and Brakes Market Size and Forecast, by Fit Type (2023-2030)
7.2.1.    Line fit
7.2.2.    Retrofit 

7.3. North America Aircraft Wheels and Brakes Market Size and Forecast, by End Use (2023-2030)
7.3.1.    OEM
7.3.2.    Aftermarket
7.4. North America Aircraft Wheels and Brakes Market Size and Forecast, by Country (2023-2030)
7.4.1.    United States
7.4.2.    Canada
7.4.3.    Mexico

8.    Europe Aircraft Wheels and Brakes Market Size and Forecast (by Value Units)
8.1. Europe Aircraft Wheels and Brakes Market Size and Forecast, by Component Type (2023-2030)
8.1.1.    Wheels
8.1.2.    Brakes
8.1.3.    Braking System

8.2. Europe Aircraft Wheels and Brakes Market Size and Forecast, by Fit Type (2023-2030)
8.2.1.    Line fit
8.2.2.    Retrofit 

8.3. Europe Aircraft Wheels and Brakes Market Size and Forecast, by End Use (2023-2030)
8.3.1.    OEM
8.3.2.    Aftermarket 

8.4. Europe Aircraft Wheels and Brakes Market Size and Forecast, by Country (2023-2030)
8.4.1.    UK
8.4.2.    France
8.4.3.    Germany
8.4.4.    Italy
8.4.5.    Spain
8.4.6.    Sweden
8.4.7.    Russia
8.4.8.    Rest of Europe

9.    Asia Pacific Aircraft Wheels and Brakes Market Size and Forecast (by Value Units)
9.1. Asia Pacific Aircraft Wheels and Brakes Market Size and Forecast, by Component Type (2023-2030)
9.1.1.    Wheels
9.1.2.    Brakes
9.1.3.    Braking System

9.2. Asia Pacific Aircraft Wheels and Brakes Market Size and Forecast, by Fit Type (2023-2030)
9.2.1.    Line fit
9.2.2.    Retrofit 

9.3. Asia Pacific Aircraft Wheels and Brakes Market Size and Forecast, by End Use (2023-2030)
9.3.1.    OEM
9.3.2.    Aftermarket 

9.4. Asia Pacific Aircraft Wheels and Brakes Market Size and Forecast, by Country (2023-2030)
9.4.1.    China
9.4.2.    S Korea
9.4.3.    Japan
9.4.4.    India
9.4.5.    Australia
9.4.6.    ASEAN
9.4.7.    Rest of Asia Pacific

10.    Middle East and Africa Aircraft Wheels and Brakes Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Aircraft Wheels and Brakes Market Size and Forecast, by Component Type (2023-2030)
10.1.1.    Wheels
10.1.2.    Brakes
10.1.3.    Braking System

10.2. Middle East and Africa Pool Tables Market Size and Forecast, by Fit Type (2023-2030)
10.2.1.    Line fit
10.2.2.    Retrofit 

10.3. Middle East and Africa Aircraft Wheels and Brakes Market Size and Forecast, by End Use (2023-2030)
10.3.1.    OEM
10.3.2.    Aftermarket 

10.4. Middle East and Africa Aircraft Wheels and Brakes Market Size and Forecast, by Country (2023-2030)
10.4.1.    South Africa
10.4.2.    GCC
10.4.3.    Egypt
10.4.4.    Rest of ME&A

11.    South America Aircraft Wheels and Brakes Market Size and Forecast (by Value Units)
11.1. South America Aircraft Wheels and Brakes Market Size and Forecast, by Component Type (2023-2030)
11.1.1.    Wheels
11.1.2.    Brakes
11.1.3.    Braking System

11.2. South America Aircraft Wheels and Brakes Market Size and Forecast, by Fit Type (2023-2030)
11.2.1.    Line fit
11.2.2.    Retrofit 

11.3. South America Aircraft Wheels and Brakes Market Size and Forecast, by End Use (2023-2030)
11.3.1.    OEM
11.3.2.    Aftermarket 

11.4. South America Aircraft Wheels and Brakes Market Size and Forecast, by Country (2023-2030)
11.4.1.    Brazil
11.4.2.    Argentina
11.4.3.    Rest of South America

12.    Company Profile: Key players
12.1. Safran
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments

12.2. Crane Aerospace & Electronics
12.3. Honeywell International Inc
12.4. RTX Corporation
12.5. Parker-Meggitt
12.6. Collins aerospace
12.7. AAR corporation
12.8. Beringer Aero
12.9. Matco Manufacturing Co
12.10. Lufthansa Technik AG
12.11. Jay em aerospace & Machine
12.12. TP Aerospace.
12.13. Nasco Aircraft Brake Inc.
12.14. Dakota Cub Aircraft, Inc.
12.15. Bauer, Inc
12.16. Grove aircraft landing gear systems
12.17. Carlisle Brake & Friction
12.18. KUNZ GmbH
12.19. The Carlyle Johnson Machine Company, LLC.
12.20. XX Ltd 
13.    Key Findings
14.    Industry Recommendation

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