Aircraft Brake System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
The aircraft brake system is a critical component of an aircraft and plays a vital role in aircraft handling operations such as takeoff, landing, and taxiing while the aircraft is on the ground. The brakes are not only useful in slowing down the aircraft and further stopping it, but also offer a reliable way of restraining the aircraft from gaining motion during engine run-ups. Moreover, the advanced aircraft braking systems, currently employed in civil and defense aircraft, also allow steering of the aircraft on the ground by means of differential braking. Aircraft brake systems are mostly deployed on the main wheels of an aircraft and on the rotor in case of helicopters. The modern aircraft brake system has evolved from merely an assembly of cables and mechanical links operated through a single lever as a braking system in older aircraft, to a system comprising multiple systems components, ranging from hydraulic pumps to master cylinders.
Market Dynamics: Global Aircraft Brake System Market
A major driver supporting the growth of the global aircraft brake system market is the increasing fleet size of commercial and defense aircraft. The aircraft industry is witnessing tremendous increase in the number of aircraft due to increased passenger movement across the globe. This is indirectly boosting the aircraft brake system market and is anticipated to further propel the market during the forecast period. Moreover, factors such as demand for lightweight aircraft, development of lightweight brake materials, and increased military spending are expected to fuel the global aircraft brake system market during the forecast period.
Market Segmentation: Global Aircraft Brake System Market
Global aircraft brake system market is segmented based on components, brake type, end-use, and region. Based on components, the global aircraft brake system market has been segmented into wheels, brakes, and others (sensors & transducers, valves & actuators, and mechanical links). In terms of brake type, the aircraft brake system market is further segmented into carbon brakes, steel brakes and others. Based on end-use, the global aircraft brake system market is segregated into commercial aircraft and defense aircraft. The commercial aircraft segment is further sub-segmented into business or private aircraft, helicopters, and civil aviation aircrafts. The defense aircraft segment is further sub-segmented into fighter jets, cargo aircrafts, and helicopters. In terms of region, the global aircraft brake system market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America is expected to be the largest contributor toward the global aircraft brake system market, in terms of revenue, due to the presence of prominent manufacturers of aircraft components such as brakes and wheels, in the region. Moreover, increased spending in research and development activities to develop and incorporate electrically actuated brakes systems in lightweight aircraft is estimated to further drive the aircraft brake system market in the region. The global aircraft brake system market in Middle East & Africa and Asia Pacific is anticipated to expand at a prominent growth rate due to the increased passenger movement and rise in investments in defense infrastructures in developing countries such as the UAE, China, and India. Furthermore, the commercial aircraft segment is anticipated to hold a major share of the global aircraft brake system market during the forecast period.
Prominent market players:
Key players operating in the global aircraft brake system market include UNITED TECHNOLOGIES, Nasco Aircraft Brake, Inc., Honeywell International Inc., Safran Landing Systems, Meggitt Aircraft Braking Systems Corporation, PARKER HANNIFIN CORP, Crane Aerospace & Electronics, AAR, Beringer-aero, MATCO mfg, Lufthansa Technik, and Grove Aircraft Landing Gear Systems Inc. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global aircraft brake system market over the period of study.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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- Market segments and sub-segments
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- Current trends/opportunities/challenges
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
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- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
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