US Aircraft Wheels and Brakes Market

The us aircraft wheels and brakes market is expected to grow from us$ 4,989.1 million in 2022 to us$ 3,675.5 million by 2030; it is estimated to grow at a cagr of 4.5% from 2022 to 2030. the growth of the market is being driven by the increasing adoption of carbon brakes, the growing demand for commercial aircraft, and the rising focus on safety and reliability. drivers increasing adoption of carbon brakes: carbon brakes are lighter and more durable than traditional steel brakes, which can help to improve fuel efficiency and reduce emissions. they are also more resistant to wear and tear, which can extend the life of the brakes. growing demand for commercial aircraft: the global commercial aircraft fleet is expected to grow significantly in the coming years, which will drive demand for aircraft wheels and brakes. rising focus on safety and reliability: aircraft wheels and brakes are critical safety components, and there is a growing focus on ensuring that they are reliable and safe. this is driving demand for innovative new technologies, such as electric brakes and fiber-reinforced plastic wheels. instances in 2022, collins aerospace announced that it had received a $100 million contract from boeing to supply wheels and brakes for the 787 dreamliner aircraft. in 2021, safran landing systems announced that it had won a $50 million contract from airbus to supply wheels and brakes for the a320neo aircraft family. in 2020, utc aerospace systems announced that it had received a $30 million contract from embraer to supply wheels and brakes for the e190 and e195 aircraft. overall, the us aircraft wheels and brakes market is expected to continue to grow in the coming years, driven by the factors mentioned above.