Market Share of Aircraft Brakes Industry
The aircraft brakes market is consolidated in nature, with a presence of few players holding significant shares in the market. The prominent players in the market are RTX Corporation, Safran, Crane Aerospace & Electronics, Parker-Meggitt, and Honeywell International Inc. These are firms that supply brakes and braking systems to most of the aircraft in the military, commercial, and general aviation sectors.
With high brand values and long-term contracts with aircraft OEMs, these prominent players dominate the market, making it difficult for new players to capitalize on this landscape. The investments by the companies in electric brake technology, which is currently in its initial stage, are also expected to help them maintain prominent positions, during the transition from carbon brakes to electric brakes in the future.
Aircraft Brakes Market Leaders
Crane Aerospace & Electronics
Safran
Honeywell International Inc.
RTX Corporation
Parker-Meggitt
*Disclaimer: Major Players sorted in no particular order
