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Aircraft Braking System Market

Aircraft Braking System Market 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), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/A&D/1229 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aircraft Braking System Market Size was valued at USD 11.1 billion in 2021 and is expected to reach USD 14.50 billion by 2028, and grow at a CAGR of 3.9% over the forecast period 2022-2028.

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.

Aircraft Braking System Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Growing operations of commercial aircraft

  • Increasing Air-traffic

  • New technologies

RESTRAINTS:

  • Safety

  • High Maintenance cost

  • Degradation of quality of brake material through corrosion

OPPORTUNITIES:

  • Rising commercial aircraft demand

  • Providing MRO

  • lighter aircraft brake system

CHALLENGES:

  • 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.

By Component:

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.

By Distribution:

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.

By Actuation:

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.

MARKET SEGMENTATION:

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

Aircraft Braking System Market Segment Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Aircraft Braking System Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 11.1 Billion
Market Size by 2028 US$ 14.50 Billion
CAGR CAGR of 3.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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
RESTRAINTS • Safety
• High Maintenance cost
• Degradation of quality of brake material through corrosion


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

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

9.1 Wheels

9.2 Brake Discs

9.3 Brake Housing

9.4 Valves

9.5 Actuators

9.6 Accumulator

9.7 Electronics

 

10. Aircraft Braking System Market, By Distribution

10.1 OEM

10.2 Replacement

 

11. Aircraft Braking System Market, By Actuation

11.1 Power Brake

11.2 Boosted Brake

11.3 Independent Brake

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

  1. Company Profiles

13.1 AAR Corp.

13.1.1 Financial

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

13.9 Safran

13.10 The Carlyle Johnson Machine Company

 

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

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Secondary Research

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