Report Id: SNS/A&D/1229 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Aircraft Braking System Market Size was valued at USD 11.53 billion in 2022 and is expected to reach USD 15.66 billion by 2030, and grow at a CAGR of 3.9% over the forecast period 2023-2030.
The aircraft brake system is used to slow or stop the aircraft's motion. Aircraft brakes are discs that are operated hydraulically or pneumatically. There are various types of aircraft brake systems, such as single disc, dual disc, multiple disc, and rotor-disc brakes. A properly designed aircraft brake can withstand a variety of adverse conditions and keep the plane from flying at excessive speeds. The development of aircraft braking systems necessitates extensive engineering and computation. The vast majority of aircraft brake systems are manufactured in accordance with predetermined standards. Global organizations, such as the Federal Aviation Administration, govern aircraft tire standards.
Growing operations of commercial aircraft
High Maintenance cost
Degradation of quality of brake material through corrosion
Rising commercial aircraft demand
lighter aircraft brake system
Emerging market player
Enhancements to the aviation industry
Steel brakes are being replaced with carbon brakes
THE IMPACT OF COVID-19
The COVID's influence on the aviation brake system market is unknown, although it is projected to last until the second quarter of 2021.
The COVID-19 outbreak compelled governments to enforce tight lockdown measures, resulting in aircraft cancellations and a restriction on e-commerce services, resulting in a major drop in commercial aviation and logistical activity worldwide.
Furthermore, the lockdowns impacted the supply chain by forcing various industrial facilities throughout the world to partially or completely shut down their operations.
The negative effects of the COVID-19 epidemic caused massive supply–demand concerns and lengthy delays in aircraft brake system operations around the world.
By Aircraft Type:
The unmanned aerial vehicles category is expected to develop at the fastest CAGR for the aeroplane braking system market during the forecast period. UAVs, often known as drones, are widely used in a variety of military duties such as border surveillance. They are also used for mapping, surveying, and determining local meteorological conditions. Certain remotely piloted unmanned aerial vehicles are intended to serve as loitering weapons for defense forces.
The actuators market is expected to be the most valuable. Actuators are utilized in braking systems to convert hydraulic fluid pressure into motion. Brake actuators move the piston to apply pressure on the discs together, causing friction and bringing the aeroplane to a halt. The majority of commercial aircraft brake actuators are hydraulic, while electrically driven electromechanical actuators are also available. The Airbus A220 previously known as the Bombardier C-series and Boeing 787 use electromechanical brakes.
Throughout the forecast period, the OEM industry is expected to grow. OEMs are responsible for installing braking systems in aircraft during the assembly stage, following which they are distributed to aircraft manufacturers. Throughout the years, demand for various aircraft types has expanded dramatically across regions.
The independent brake sector is expected to have the highest CAGR rate for the aircraft braking system market over the forecast period, based on actuation. The increasing demand for general aviation and regional aircraft can be attributable to the expansion of the independent brake segment of the aircraft braking system market.
MARKET KEY PLAYERS:
Safran, The Carlyle Johnson Machine Company, Lufthansa Technik AG, Meggitt PLC, Beringer Aero, Collins Aerospace, Crane Co., Honeywell International Inc., Parker-Hannifin Corporation, AAR Corp.
By Aircraft Type
North America is expected to be the largest regional market for air braking systems at the time of forecasting. A key feature for North America, it is leading the market for the flight brake system due to the rapid growth of the technological braking system in the region. In North America, rising orders for aviation have prompted manufacturers of brake system to increase their sales year after year. The growing demand for commercial airlines and the presence of some of the leading players in the market, such as Crane Co., Parker-Hannifin Corporation, and Honeywell International, Inc., is expected to boost the North American airline system. These players are focused on R&D to expand their product lines and utilize advanced technology systems, sub-systems, and other components to produce an airplane braking system.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 11.53 Billion|
|Market Size by 2030||US$ 15.66 Billion|
|CAGR||CAGR of 3.9% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Aircraft Type (Fixed Wing, Rotary Wing)
• By Component (Wheels, Brake Discs, Brake Housing, Valves, Actuators, Accumulator, Electronics)
• By Distribution (OEM, Replacement)
• By Actuation (Power Brake, Boosted Brake, Independent Brake)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Safran, The Carlyle Johnson Machine Company, Lufthansa Technik AG, Meggitt PLC, Beringer Aero, Collins Aerospace, Crane Co., Honeywell International Inc., Parker-Hannifin Corporation, AAR Corp.|
|DRIVERS||• Growing operations of commercial aircraft
• Increasing Air-traffic
• New technologies
• High Maintenance cost
• Degradation of quality of brake material through corrosion
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aircraft Braking System Market, By Aircraft Type
8.1 Fixed Wing
8.2 Rotary Wing
9. Aircraft Braking System Market, By Component
9.2 Brake Discs
9.3 Brake Housing
10. Aircraft Braking System Market, By Distribution
11. Aircraft Braking System Market, By Actuation
11.1 Power Brake
11.2 Boosted Brake
11.3 Independent Brake
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13 Company Profiles
13.1 AAR Corp.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Beringer Aero
13.3 Collins Aerospace
13.4 Crane Co.
13.5 Honeywell International Inc.
13.6 Lufthansa Technik AG
13.7 Meggitt PLC
13.8 Parker-Hannifin Corporation
13.10 The Carlyle Johnson Machine Company
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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