Global aircraft braking system market is anticipated to grow at impressive rate during the forecast period on account of increasing air traffic and surge in operations in commercial aviation industry. Aircraft braking system consists of wide variety of aircraft braking systems, including single disc, dual disc, multiple disc, and rotary disc brakes. Aircraft landing gear disc brakes of an aircraft are used to stop the wheels as they contact with the surface. Thrust reversers, allow the aircraft to be slowed down by using engine thrust, specialized flight control surfaces known as air brakes that function by generating more drag result in slowdown of aircraft.
All recent aircrafts are equipped with braking systems that help them slow down and stop when they are on the ground. In addition, they are often employed to steer an aircraft through differential braking. The industry is being driven by improvements in the designs and technology of aircraft braking systems, such as the integration of electronics with fly-by-wire braking.
The demand for aircraft braking systems is rising across the globe due to increment in aircraft deliveries and a substantial fleet of commercial and regional aircraft. Due to COVID-19 outbreak across the world, the entire value chain of the aviation industry was shaken. Despite being a very small percentage of the aircraft industry, the aircraft brake system replacement market was severely impacted. Many companies delayed its product deliveries and travel restriction by many countries of Europe, north America, Asia pacific results in delay in collaboration and partnerships. However, the airline sector showed the signs of recovery, with domestic air traffic returning at the fastest rate and international air travel following its path as economies throughout the world gradually begin to recover from the lockdown during the epidemic.
Increasing Commercial Aircraft Activities
Modern commercial aircraft operating systems like the B737 Max, A320 Neo, and B777x are gradually replacing conventional steel-based braking systems with advanced carbon fiber ones over the course of the forecasted time due to several advantages such as better life, robust performance, weight reduction, and lower fuel consumption.
Emerging New Technologies
Traditional braking system requires a complicated system that runs from an aircraft engine-driven pump (EDP) to brake actuators, adding weight to the aircraft and perhaps resulting in significant vibration and leakage issues. Many industries have designed and adopted self-powered brake systems to increase the dependability and safety of modern electrified aircraft. With new cutting-edge technology
Strict regulations and quality of products
Aerospace industry strictly maintain its regulation and quality standards pertaining to passengers and aircraft safety. According to regulations each braking system must be approved under aviation industry regulation. Therefore, aircraft braking companies need to design new products as per the requirements and utmost safety. Such regulations limit the growth of aircraft braking system market.
Market Segmentation
Company Profiles
Safran S.A., Aviation Products Systems Inc., Beringer Aero, Collins Aerospace, Crane Aerospace & Electronics, Grove Aircraft Landing Gear Systems Inc., Honeywell International, Matco Mfg., Mcfarlane Aviation Inc., Rapco Inc. are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.
Attribute
|
Details
|
Base Year
|
2022
|
Historical Years
|
2018 – 2022
|
Estimated Year
|
2023
|
Forecast Period
|
2024 – 2028
|
Quantitative Units
|
Revenue in USD Billion, and CAGR for 2018-2022 and 2023-2028
|
Report Coverage
|
Revenue forecast, Value forecast, company share, competitive
landscape, growth factors, and trends
|
Segments Covered
|
·
By Aircraft Type
·
By Actuation
·
By End User
·
By Distribution
·
Region
|
Regional Scope
|
Asia-Pacific, North America, Europe, Middle East & Africa,
South America
|
Country Scope
|
United States, Canada, Mexico, United Kingdom, Germany, France,
Italy, Spain, Russia, Poland, Netherland, Norway, China, Japan, South Korea,
India, Malaysia, Indonesia, Thailand, South Africa, Saudi Arabia, United Arab
Emirates, Argentina, Brazil, Colombia.
|
Key Companies Profiled
|
Safran S.A.,
Aviation Products Systems Inc., Beringer Aero, Collins Aerospace, Crane
Aerospace & Electronics, Grove Aircraft Landing Gear Systems Inc.,
Honeywell International, Matco Mfg., Mcfarlane Aviation Inc., Rapco Inc.
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
|