Global Aircraft Brake Calipers Market Overview
Aircraft Brake Calipers Market Size was estimated at 3.53 (USD Billion) in 2022. The Aircraft Brake Calipers Market Industry is expected to grow from 3.68(USD Billion) in 2023 to 5.24 (USD Billion) by 2032. The Aircraft Brake Calipers Market CAGR (growth rate) is expected to be around 4.02% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Aircraft Brake Calipers Market Trends Highlighted
Key market drivers for Aircraft Brake Calipers include increasing air travel demand, rising disposable income, and the growing civil aviation sector. Stringent government regulations on aircraft safety also boost market demand. Opportunities exist in the development of lightweight and energy-efficient brake calipers, as well as the adoption of new technologies such as electric brakes.
Recent trends in the Aircraft Brake Calipers Market include a growing focus on sustainability, with manufacturers investing in environmentally friendly designs to reduce carbon emissions. The rise of composite materials offers weight reduction and improved performance. Furthermore, advancements in digital technology offer predictive maintenance and performance optimization opportunities. These trends are expected to continue shaping the industry in the coming years, driving innovation and enhancing safety and efficiency in aircraft braking systems.
Aircraft Brake Calipers Market Drivers
Increasing Demand for Air Travel
One of the key market drivers of the Aircraft Brake Calipers Market Industry is the increasing demand for air travel. The rising number of air travelers results in the growing need for aircraft. Therefore, the demand for aircraft brake calipers is rising. Moreover, the increased popularity of low-cost and budget airlines, as well as a growing number of people who use aircraft for business or traveling, does the same. The fastest-growing market for aircraft brake calipers is the EMEA and Asia-Pacific.In the case of the latter, the reason is the growing demand for air travel in the region. The increasing number of budget airlines in the region, the rising middle class, and others contribute to this tendency.
Technological Advancements
Technological advances are one more important driver of the Aircraft Brake Calipers Market Industry. Intermittently, more recent materials and technologies are developed to improve the aircraft brake caliper certainly. The use of carbon fiber composites is increasing and displacing the traditional materials of the brake caliper. These materials are lighter and stronger. The production of different new kinds of braking systems, such as electric braking systems, is also increasing.
Government Regulations
Another factor that drives the growth of the Aircraft Brake Calipers Market Industry is the government’s regulations. As the standards set by the International Civil Aviation Organization for aircraft brake calipers have changed, many manufacturers will try to produce censors that meet these standards. Moreover, as the aviation industry is growing very fast, the ICAO decided to create new standards. They will allow the creation of much safer and more effective aircraft brake calipers.
Aircraft Brake Calipers Market Segment Insights
Aircraft Brake Calipers Market Aircraft Segment Insights
Aircraft Segment is the biggest segment in the aircraft brake calipers market, and it occupied nearly 80% of the market share in 2023. The segment also will continue to be the biggest segment from 2024 to 2032. During the document study, the report concluded that the growth is due to the continued increase in demand for new commercial aircraft and military helicopters every year. There are three sub-segments, namely, commercial, military, and general aviation. Commercial Aircraft sub-segment is the highest revenue generator, and in 2023, the sub-segment will account for nearly 70% of all aircraft segments.This indicates that the sub-segment contributes at least 50% of the whole market industry. The growth is attributed to the continuous increase in the number of air passengers in Asia-Pacific regions, South America, and Africa. For this reason, the demand for low-cost carriers is likely to increase the number of aircraft to meet the demand worldwide. The International Air Transport Association (IATA) says that the number of air passengers in Africa and the Middle East will double every 20 years, whereas in Asia, Europe, North America, and Latin America, it will double every period of not more than 15 years.Military Aircraft The military aircraft sub-segment is the second-highest revenue earner within the aircraft segment. During the document review, the sub-segment is expected to continue growing ever more than before due to the corresponding rapid increase in defense spending all over the world. In addition, there is increased demand for highly advanced aircraft systems in both developed and developing markets. As selling armament in some countries is becoming difficult, other developed nations are wisely investing in updating the old military aircraft with modern ones.The sub-segment is expected to increase its income share to approximately 30 to 35% than the whole one aircraft segment from 2024 to 2032. General Aviation Aircraft is the third highest revenue generator in the main segment, with an income share of at least 10% from the whole aircraft sector. The sub-segment is also expected to grow at a moderate pace from 2024 to 2032. The GA aircraft are small and lightweight aircraft flying between 10,000 and 20,000 feet above sea level. There is an increasing demand for private jets and small aircraft.This is because a good number of their buyers are wealthy individuals, and they look them for leisure holidays. Development in air taxi service and an increasing number of UAM concepts are also driving the demand for GA aircraft. Most business people use air taxis when they want to conduct business within 4 hour's distance instead of using 8 hours of road driving
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Brake Calipers Market Brake System Type Insights
The Aircraft Brake Calipers Market is segmented by Brake System Type into Single-Acting Brakes, Double-Acting Brakes, and Split Brakes. Single-acting break segment emerged as the largest market segment in 2023, with a market share of around 45.0% in the Aircraft Brake Calipers Market revenue. The Double-Acting Brakes segment is expected to record the highest growth rate in the forecast period, with a CAGR of 4.5% from 2024 to 2032. The split-break segment is expected to have the smallest market share in 2032. The growth of the Single-Acting Brakes segment can be attributed to their simple design and the benefits of reduced cost of fabrication when compared to other brake types.Double-acting brakes are more complex and expensive; however, they offer better performance, which is expected to drive their growth in the coming years. Split brakes have the lowest share of all the segments; however, they offer potential in high-performance aircraft.
Aircraft Brake Calipers Market Material Insights
The Material segment of the Aircraft Brake Calipers Market is anticipated to witness significant growth over the forecast period, driven by rising demand for advanced materials that offer improved performance and durability. Carbon-Ceramic Composites, Steel Alloys, and Titanium Alloys are the major material types used in aircraft brake calipers. Carbon-Ceramic Composites offer exceptional heat resistance, low density, and a high strength-to-weight ratio, making them ideal for high-performance aircraft applications. Their ability to withstand extreme temperatures and provide consistent braking performance has led to their growing adoption in the industry.Steel Alloys, primarily stainless steel, are commonly used due to their durability, corrosion resistance, and relatively low cost. They are suitable for a wide range of aircraft applications, including commercial and military aircraft. Titanium Alloys provide an optimal balance of strength, weight, and corrosion resistance. While more expensive than other materials, they are increasingly used in high-end aircraft brake calipers, particularly in military and commercial aircraft seeking improved performance and weight reduction. The Aircraft Brake Calipers Market data indicates that the Material segment is expected to contribute significantly to the overall market growth, with Carbon-Ceramic Composites, Steel Alloys, and Titanium Alloys accounting for a substantial share of the revenue in the coming years.
Aircraft Brake Calipers Market Calipers Design Insights
The Aircraft Brake Calipers Market is segmented into Floating Calipers, Fixed Calipers, and Sliding Calipers based on Calipers Design. The Floating Calipers segment held the largest market share in 2023, accounting for 45.2% of the Aircraft Brake Calipers Market revenue. The Floating Calipers segment is expected to continue to dominate the market over the forecast period, owing to its advantages, such as lower weight, reduced maintenance, and improved braking performance. The Fixed Calipers segment is projected to witness the highest growth rate during the forecast period.The growth of the Fixed Calipers segment can be attributed to the increasing demand for high-performance braking systems in commercial aircraft. The Aircraft Brake Calipers Market is driven by factors such as the growing demand for commercial aircraft, increasing air travel, and rising concerns about aircraft safety. The market is also expected to benefit from the development of new technologies, such as electric brakes and composite materials. The key players in the Aircraft Brake Calipers Market include Safran, Honeywell, Moog, and Woodward.These players are investing in research and development to improve the performance and efficiency of their products.
Aircraft Brake Calipers Market Number of Pistons Insights
The Aircraft Brake Calipers Market is segmented by Number of Pistons into Single-Piston Calipers and Multi-Piston Calipers. The Multi-Piston Calipers segment is expected to hold a larger market share due to its ability to provide more braking force and better heat dissipation. The Single-Piston Calipers segment is expected to grow at a faster rate due to its lower cost and simpler design. The Aircraft Brake Calipers Market revenue for the Single-Piston Calipers segment is expected to reach $1.2 billion by 2024, growing at a CAGR of 4.5% from 2023 to 2024.The Multi-Piston Calipers segment is expected to reach $2.4 billion by 2024, growing at a CAGR of 5.2% from 2023 to 2024.
Aircraft Brake Calipers Market Regional Insights
The regional landscape of the Aircraft Brake Calipers Market exhibits significant variations in market growth and dynamics. North America dominates the market, accounting for over 40% of the revenue in 2023. The region's robust aviation industry, presence of major aircraft manufacturers, and high demand for commercial and military aircraft drive market growth. Europe follows North America, with a market share of around 30%. The region's established aerospace industry, technological advancements, and growing demand for regional aircraft contribute to its strong market position.APAC is poised for significant growth, with a projected CAGR of over 5% during the forecast period. The region's rapidly expanding aviation sector, increasing urbanization, and rising disposable incomes are key growth drivers. South America and MEA hold smaller market shares but present opportunities for growth due to increasing investments in aviation infrastructure and the expansion of low-cost carriers.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Brake Calipers Market Key Players And Competitive Insights
Major players in the Aircraft Brake Calipers Market are constantly working to develop new technologies and innovative products to provide accession over the other players. Leading players in the Aircraft Brake Calipers Market illustrate a notable investment in research and development expenditure to deliver the best products in terms of performance and efficiency. The development in the Aircraft Brake Calipers Market is fuelled by the rise in demand for aircraft and, subsequently, efficient and reliable brake systems. The Competitive Landscape of the Aircraft Brake Calipers Market witness’s new product developments, investments in research and development of products and ever-changing business models of the Major players. Honeywell International, Inc.Honeywell International, Inc. is a major resident of the Aircraft Brake Calipers Market and offers a range of Aircraft Brake Calipers for different aircraft. The brake calipers offered by Honeywell International, Inc. are highly efficient, durable, and reliable, significantly over other available ranges of brake calipers. Honeywell International, Inc. is equipped with a highly qualified distribution channel to meet the demands of the customers present all around the globe. The company also maintains research and development expenditures to demonstrate the best-in-class product performance for the ever-evolving needs of the aerospace industry.Safran S.A.The Saffaran S.A. is another leading resident of the Aircraft Brake Calipers Market and offers a range of brake calipers for both commercial and military aircraft. The brake calipers by Safran S.A. deliver the best in class performance and levels of quality and are extremely reliable. The company is highly trusted and is maintaining and expanding its customers in Europe, North America, and other regions. Safran S.A. is actively investing in research and development to design its brake caliper products in the most efficient manner to deliver premium-level products that are highly reliable and efficient for the aerospace industry.
Key Companies in the Aircraft Brake Calipers Market Include
- Moog Inc.
- Safran S.A.
- LiebherrAerospace
- CurtissWright Corporation
- Parker Hannifin Corporation
- ITT Inc.
- UTC Aerospace Systems
- Hamworthy plc.
- Honeywell International Inc.
- Woodward Inc.
- Eaton Corporation plc
- Meggitt PLC
Aircraft Brake Calipers Market Industry Developments
The aircraft brake calipers market is projected to reach USD 5.24 billion by 2032, exhibiting a CAGR of 4.02% during the forecast period (2024-2032). Increasing demand for commercial and military aircraft, coupled with the rising number of aircraft deliveries, is driving market growth. Technological advancements, such as the integration of lightweight materials and advanced braking systems, are further propelling the market. Notable developments in the industry include the introduction of carbon fiber brake calipers by Safran Landing Systems and the development of electric brake calipers by Honeywell Aerospace. These advancements aim to enhance aircraft performance, reduce maintenance costs, and improve overall operational efficiency.
Aircraft Brake Calipers Market Segmentation Insights
Aircraft Brake Calipers Market Aircraft Segment Outlook
- Commercial Aircraft
- Military Aircraft
- General Aviation Aircraft
Aircraft Brake Calipers Market Brake System Type Outlook
- Single-Acting Brakes
- Double-Acting Brakes
- Split Brakes
Aircraft Brake Calipers Market Material Outlook
- Carbon-Ceramic Composites
- Steel Alloys
- Titanium Alloys
Aircraft Brake Calipers Market Calipers Design Outlook
- Floating Calipers
- Fixed Calipers
- Sliding Calipers
Aircraft Brake Calipers Market Number of Pistons Outloo
- Single-Piston Calipers
- Multi-Piston Calipers
Aircraft Brake Calipers Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Aircraft Brake Calipers Market Report Scope
Report Attribute/Metric |
Details |
Market Size 2022 |
3.53(USD Billion) |
Market Size 2023 |
3.68(USD Billion) |
Market Size 2032 |
5.24(USD Billion) |
Compound Annual Growth Rate (CAGR) |
4.02% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Moog Inc., Safran S.A., LiebherrAerospace, CurtissWright Corporation, Parker Hannifin Corporation, ITT Inc., UTC Aerospace Systems, Hamworthy plc., Honeywell International Inc., Woodward Inc., Eaton Corporation plc, Meggitt PLC |
Segments Covered |
Aircraft Segment, Brake System Type, Material, Calipers Design, Number of Pistons, Regional |
Key Market Opportunities |
1 Growing demand for commercial aircraft2 Increasing adoption of advanced brake systems3 Expansion of the air cargo industry4 Rise in MRO activities5 Technological advancements in brake calipers |
Key Market Dynamics |
Growing air travel demand Advancements in aircraft technology Increasing focus on aircraft safety Stringent regulations on aircraft maintenance AsiaPacific region as a major growth market |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Aircraft Brake Calipers Market was valued at USD 3.68 billion in 2023 and is expected to reach USD 5.24 billion by 2032, exhibiting a CAGR of 4.02% during the forecast period.
North America is expected to hold the largest market share in the Aircraft Brake Calipers Market due to the presence of major aircraft manufacturers and the high adoption of advanced aircraft technologies in the region.
The key growth drivers of the Aircraft Brake Calipers Market include increasing air passenger traffic, rising demand for fuel-efficient aircraft, and growing investments in the aerospace industry.
Some of the major competitors in the Aircraft Brake Calipers Market include Safran, Honeywell, Moog Inc., UTC Aerospace Systems, and Meggitt PLC.
Aircraft Brake Calipers are primarily used in commercial aircraft, military aircraft, and business jets for braking and controlling the aircraft's speed during landing and taxiing.
Key trends shaping the Aircraft Brake Calipers Market include the adoption of electric and hybrid aircraft, the development of lightweight and high-performance brake calipers, and the growing focus on safety and regulatory compliance.
The Aircraft Brake Calipers Market faces challenges such as intense competition, stringent safety regulations, and the need for continuous innovation to meet the evolving demands of the aviation industry.
The Aircraft Brake Calipers Market presents opportunities for growth due to the increasing demand for aircraft, the expansion of the aerospace industry in emerging economies, and the development of new technologies.
The COVID-19 pandemic had a negative impact on the Aircraft Brake Calipers Market due to the decline in air travel and the slowdown in the aviation industry. However, the market is expected to recover as the aviation industry recovers and air travel demand increases.
Key factors to consider when selecting Aircraft Brake Calipers include performance, reliability, weight, cost, and maintenance requirements.