Global Aircraft Brakes Market

Year Value
2018 8171.1
2019 8430.4
2020 3238.6
2021 4073.6
2022 4210.4
2023 4348.6
2024 4490.4
2025 4639.2
2026 4795.2
2027 4958.2
2028 5128.1
2029 5304.5
2030 5486.6
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Global Aircraft Brakes Market

Synopsis
The above chart is Global Aircraft Brakes Market

Market Dynamics

The global aircraft brakes market is expected to grow at a cagr of 3.4% from 2022 to 2030. the growth of the market is driven by the increasing air traffic, the introduction of new aircraft, and the growing focus on safety. drivers increasing air traffic: the global air traffic is expected to grow at a cagr of 4.3% from 2022 to 2030. this growth will lead to an increased demand for aircraft brakes, as more aircraft will be in operation. introduction of new aircraft: new aircraft are being introduced with more advanced braking systems. these systems are more efficient and reliable, and they help to improve the safety of aircraft operations. growing focus on safety: the aviation industry is increasingly focused on safety. this focus has led to the development of new technologies and procedures for aircraft braking, which has helped to improve the safety of aircraft operations. instances in 2022, collins aerospace announced that it had received an order for aircraft brakes from a major commercial airline. the order was for a new type of brake that is more efficient and reliable than previous models. in 2023, safran landing systems announced that it had developed a new type of aircraft brake that is designed to improve the safety of aircraft operations. the brake is equipped with a new anti-skid system that helps to prevent the aircraft from skidding on wet or icy runways.

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