Aircraft Braking System Market Forecast to 2030
According to the Aircraft Braking System Market study, the market size, revenue growth, and CAGR from 2022 to 2030 are all covered. In order to provide readers a competitive edge, the research also offers significant insights about the leading companies in the market, in-depth SWOT analysis, Porter's Five Forces analysis, and feasibility analysis. The paper focuses on the most recent trends, significant difficulties, prospects, and constraints of the present epidemic.
According to the most recent report by Emergen Research, the size of the global market for aircraft braking systems is anticipated to reach USD 15.11 billion in 2030, growing at a stable revenue CAGR of 3.6%. The use of carbon instead of steel in aeroplane brake components and an increase in commercial aircraft operations are two key technological advancements that are fueling the market's revenue growth. When an aircraft is on the ground, the aircraft braking system is extremely important during activities including takeoff, landing, and taxiing. Safran Landing Systems introduced carbon brakes to the commercial aviation industry in the middle of the 1980s for use on aircraft (it was Messier-Bugatti- Dowty at the time). All existing commercial and military aircraft models can simply be retrofitted with carbon brakes, according to a recent investigation.
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The global Aircraft Braking System market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Aircraft Braking System industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Safran, Honeywell International, Inc., Meggitt PLC., Collins Aerospace, Beringer Aero, Jay-Em Aerospace , Grove Aircraft Braking system Systems Inc., Parker-Hannifin Corp, Crane Holdings, Co., and Matco MFG
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Some Key Highlights From the Report
- On 22 June 2022, Honeywell and TP Aerospace, a major aftermarket supplier of wheels and brakes, collaborated to help the charity organization Orbis International and its Flying Eye Hospital provide eye care McDonnell Douglas MD-10 aircraft, Honeywell, and TP Aerospace will jointly supply wheels and brake material to support continuous maintenance services of Orbis Flying Eye Hospital. Modern teaching facilities, such as an operating room, a classroom, and pre- and post-operative rooms, are all included in the hospital.
- The actuators segment is expected to lead in terms of revenue share in the global market over the forecast period. Using actuators has a number of advantages and serve a crucial but undervalued purpose. A brake actuator is the piece of equipment that converts compressed air force in air reservoir into a mechanical force that activates the brake. Without the actuator, air brakes would not be able to operate, however air brake actuators and systems, are developing. New long-stroke air brakes need modifications to existing actuator designs and more modifications will be required as new air disc braking systems enter the market. Development of long-stroke air brakes has led to changes in actuators. Different varieties of actuators are available, including those for 3-in. long-stroke, 2.5-in. brakes, and regular stroke.
- The power brake segment is expected to lead in terms of revenue share in the global market over the forecast period. When a manual or boosted system fails to produce hydraulic pressures required to stop a large airplane, power braking systems are used. Hydraulic system of airplane is the sole source employed by this technology to apply brakes. The toe-brakes on rudder pedals now regulate force generated by brakes rather than pilot's physical strength. A valve opens when the brake is engaged, letting hydraulic fluid into the brake lines. This valve is designed to provide pilot a ‘feel’ for braking action that is proportional to the force applied to brakes and regulates how much hydraulic fluid flows into the brake lines.
- The fixed wing segment is expected to account for large revenue share over the forecast period. An aircraft with fixed wings, powered by a jet engine or a propeller, has wings that do not move. These are used for longer excursions more frequently than rotary-wing aircraft because they can fly farther between refueling stops. Horizontal wings, fuselage, vertical stabilizer, horizontal stabilizer, and landing gear commonly make up a fixed wing aircraft's airframe. Braking system is a constant in all aircraft designs even though some of these parts are absent from certain of them.
- The North America market is expected to account for largest revenue share during the forecast period, which is attributed to increasing activities by key market players in countries in this region. According to Parker Hannifin's, a U.S. manufacturer who intends to purchase Meggitt, a UK-based aerospace company for £6.3 billion (USD 8.8 billion) in cash to nearly triple the size of its aerospace systems division, aerospace mergers are becoming more common in nations such as the U.S. This merger activity in the aircraft industry, which has been badly disrupted by Covid-19 pandemic, has resumed as a result of this acquisition. The agreement was reached by parties in the third quarter of 2022.
The report bifurcates the Aircraft Braking System market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Component Outlook (Revenue, USD Million; 2019–2030)
- Brake Discs
- Brake Housing
- Actuation Outlook (Revenue, USD Million; 2019–2030)
- Power Brake
- Boosted Brake
- Independent Brake
- Aircraft Type Outlook (Revenue, USD Million; 2019–2030)
- Fixed Wing
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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