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Aircraft Wheels And Braking Systems Market Revenue Outlook: What CAGR Lies Ahead Through 2030?
The market for aircraft wheels and braking systems has shown significant expansion over recent years. Its valuation is set to rise from $5.32 billion in 2025 to $5.69 billion in 2026, achieving a compound annual growth rate (CAGR) of 6.9%. This historical growth can be ascribed to several factors, including growing commercial aircraft deliveries, rising global air passenger traffic, increasing aircraft fleet expansion, growing military aircraft procurement, and an increasing demand for reliable aircraft safety systems.
The market size for aircraft wheels and braking systems is projected to experience substantial expansion over the upcoming years. By 2030, this market is anticipated to reach a valuation of $7.32 billion, demonstrating a compound annual growth rate (CAGR) of 6.5%. This projected growth during the forecast period is primarily driven by factors such as the ongoing modernization of aircraft fleets, a heightened demand for fuel-efficient aircraft components, an increasing need to replace older landing gear systems, expanding maintenance, repair, and overhaul (MRO) activities for aircraft, and the rising manufacturing of next-generation aircraft. Key trends expected throughout this period encompass the wider adoption of lightweight carbon brake discs, an escalating demand for highly durable aircraft wheels, the increasing incorporation of advanced anti-skid systems, the advancement of electromechanical braking technologies, and an enhanced emphasis on extending the service life of components.
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Aircraft Wheels And Braking Systems Market Expansion Drivers: What’s Shaping Future Growth?
The projected expansion of the aircraft wheels and braking systems market is primarily driven by the escalating air passenger traffic volumes. Air passenger traffic volumes encompass the cumulative count of individuals undertaking air travel on both domestic and international flights within a specific timeframe. The increase in air passenger traffic stems from a growing demand for air travel, as heightened tourism and business journeys contribute to a larger number of domestic and international travelers. Aircraft wheels and braking systems facilitate air passenger traffic volumes by ensuring secure, dependable, and efficient aircraft takeoff, landing, and ground movements, which in turn enables airlines to accommodate rising flight frequencies and passenger needs. For instance, in March 2025, according to the United States Department of Transportation, a U.S.-based government department, U.S. airlines carried a record 83.3 million scheduled domestic and international passengers in December 2024, including 72.1 million domestic and 11.2 million international travelers, with seasonally adjusted enplanements increasing 0.2% from November. Therefore, the escalating global air passenger traffic volumes are stimulating the growth of the aircraft wheels and braking systems market.
Aircraft Wheels And Braking Systems Market Segment Outlook: Which Categories Are Growing Fastest?
The aircraft wheels and braking systems market covered in this report is segmented –
1) By Component: Wheels, Tires, Brake Discs, Brake Actuators, Brake Control Units, Anti Skid Systems, Wheel Speed Sensors
2) By Fit Type: Line Fit Or Original Equipment Manufacturer, Retrofit Or Aftermarket
3) By Type Of Aircraft: Commercial Aircraft, General Aviation Aircraft, Military Aircraft, Helicopters
4) By Application: Taxiing Operations, Takeoff Operations, Landing Operations, Emergency Braking Operations
Subsegments:
1) By Wheels: Main Wheels, Nose Wheels, Tail Wheels
2) By Tires: Bias Ply Tires, Radial Tires
3) By Brake Discs: Steel Brake Discs, Carbon Brake Discs
4) By Brake Actuators: Hydraulic Brake Actuators, Electromechanical Brake Actuators
5) By Brake Control Units: Analog Brake Control Units, Digital Brake Control Units
6) By Anti Skid Systems: On Off Anti Skid Systems, Proportional Anti Skid Systems, Adaptive Anti Skid Systems
7) By Wheel Speed Sensors: Passive Wheel Speed Sensors, Active Wheel Speed Sensors
Aircraft Wheels And Braking Systems Market Strategic Trends: What Defines The Next Growth Phase?
Leading firms within the aircraft wheels and braking systems market are concentrating on creating sophisticated braking solutions, including carbon brake and wheel systems, aiming to boost braking performance, decrease maintenance needs, and elevate operational efficiency. These carbon brake and wheel systems represent lightweight aircraft braking assemblies, employing advanced carbon materials to offer exceptional durability, reduced lifecycle expenditures, and better heat dissipation when compared to traditional braking systems. As an illustration, in October 2024, Parker Aerospace, a US-based aerospace systems manufacturer, introduced the Advanced NuCarb carbon brake and wheel designed for the Airbus A321neo. This solution is engineered to equip operators with a dependable, secure, and economical braking alternative, certified for the aircraft’s highest maximum takeoff weight. It also supports new production aircraft starting from 2026 and allows for retrofit installations in existing fleets.
Aircraft Wheels And Braking Systems Market Competitive Overview And Top Companies
Major companies operating in the aircraft wheels and braking systems market are AAR CORP., Alaska Gear Company, Arkwin Industries Inc., Beijing Beimo Gaoke Friction Material Co. Ltd., BERINGER AERO SAS, Bridgestone Aircraft Tire Co., Crane Co., Grove Aircraft Landing Gear Systems Inc., Honeywell International Inc., Lufthansa Technik AG, Magellan Aerospace Corporation, Michelin Aircraft Tire, Moog Inc., NMG Aerospace Ltd., Parker-Hannifin Corporation, RAPCO Fleet Services Inc., Revima SAS, RTX Corporation, Safran S.A., The Goodyear Tire & Rubber Company, Tost GmbH Flugzeuggerätebau, TP Aerospace Solutions ApS, Trelleborg Sealing Solutions
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Aircraft Wheels And Braking Systems Market Top Region: Where Does Most Revenue Come From?
North America was the largest region in the aircraft wheels and braking systems market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft wheels and braking systems market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.