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Global Aircraft Brake Market Outlook 2028

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  • August 2020
  • Region: Global
  • Research Nester Pvt. Ltd
  • ID: 5136556
Ongoing Research Report

Introduction to Aircraft Brake

The aircraft brakes are generally used for deaccelerating the aircraft during the landing roll on the runway and are operated hydraulically or pneumatically. It is an essential component to ensure the safety and directional control of an aircraft during ground operations, such as take-off, landing, and taxiing.Prior, disc brakes were operated in aircraft consisting of a disc rotating wheel assembly which decelerates by the frictional force caused by applying the brakes. However, owing tothe introduction of advanced technologies and innovations, modern aircraft are equipped with electric brakes that provide anti-skid protection and fully integrated brake control, comprising emergency and parking brake functions. The emergency and parking brake functions technology merges electro-mechanical brake actuationwithbrake-by-wire controlled technology.Designing and developing of aircraft brake system depends upon various parameters, such as minimum stopping distance, better heat dissipation, and easy maneuvering.

Market Size and Forecast

The increasing fleet size of commercial and defense aircraft is a major driver supporting the growth of the aircraft brake market. According to the International Civil Aviation Organization, in 2018, airlines worldwide carried around 4.3 billion passengers annually with 8.3 trillion revenue passenger kilometers (RPKs). The aircraft industry is attending an enormous increase in the number of aircraft on account of increased passenger movement across the globe which is boosting the market and is anticipated to support the development of the aircraft brake market over the forecast period.The demand for technological improvements in the prevailing aircraft brake system has boosted the growth of the electrical braking system market. Moreover, factors such as the development of lightweight brake materials, demand for lightweight aircraft, and increased military spending are expected to fuel the global aircraft brake market during the forecast period. On the contrary, brakes are required to work in extreme environments, which leads to degradation of the quality of brake material through corrosion and creates opportunities for the aftermarket industry.

The aircraft brake market is anticipated to record a robust CAGRover the forecast period i.e. 2020-2028. The market is segmented by brake type, by component type, by fittype&by end-user. Among this segment, the component type segment is further segmented to wheels, brakes, and braking systems, out of which, the brakes segment is anticipated to hold leading shares in the aircraft brake market on account of the high demand for carbon brakes and technological progressions in braking systems, such as electric braking systems. On the contrary, the retrofit segment of the fit type sector is expected to witness higher growth during the forecast periodowing to the aircraft maintenance and repair activities executed within a span of four to five years.

Growth Drivers

A Rise in the Traffic of Air Passengers

An increment of air passengers in recent years had led to an increase in the demand for aircraft, and to attain this demand, the aircraft industry is developing aircraft with advanced systems and components which is boosting the growth of the aircraft brake market.

By Region

Based on region, the aircraft brake market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

The Asia-Pacific region is anticipated to have the highest growth during the forecast period owing to notable growth in the passenger traffic in and out of this region coupled with significant growth in general aviation in this region. However, North America is estimated to hold the largest share in the aircraft brake market for carbon brakes, on account of the presence of a large number of market participants.

The aircraft brake market is further classified on the basis of region as follows:
  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Please note this is an ongoing research and will be delivered 8-9 working days after order confirmation. The TOC can be also be requested.

Companies Mentioned

  • UTC Aerospace Systems
  • Crane Aerospace & Electronics
  • AAR Corp.
  • Bauer, Inc.
  • Hong Kong Aircraft Engineering Company
  • Meggitt Aircraft Braking Systems Corporation
  • Grove Aircraft Landing Gear Systems Inc.
  • Beringer Aero
  • Parker Hannifin Corporation
  • Honeywell
  • Other Notable Players