What is Aircraft Brake System Market Scope?
During the landing roll on the runway, the aircraft braking system is typically employed to slow down the aircraft. It's a required component for an aircraft's safety and directional control during ground operations including taxiing, landing, and takeoff. Previously, disc brakes were employed in aircrafts, with a disc rotating with the wheel assembly and a stationary calliper resisting rotation by producing friction against the disc when the brakes were applied. The electric braking system, on the other hand, has grown in popularity as a result of new technologies and improvements. This braking system includes anti-skid and completely integrated brake control, as well as emergency braking. The growth in air passenger traffic in recent years has resulted in an increase in aircraft demand. In addition, airlines all over the world are clamouring for new planes with cutting-edge technology. The aircraft industry is creating aeroplanes with advanced systems and components to suit the demand from airlines. As the demand for aeroplanes grows, so does the demand for aeroplane brake systems. The electrical braking system market has grown as a result of the demand for technological upgrades in existing aeroplane brake systems. Further more, brakes are required to operate in harsh settings, which increases the risk of brake material degradation due to corrosion.
The Aircraft Brake System market study is being classified, by Application (Commercial and Defense) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Aircraft Brake System market throughout the predicted period.
Safran S.A. (France), UTC Aerospace Systems (United States), Honeywell International Inc. (United States), Crane Aerospace & Electronics (United States), Parker Hannifin Corporation (United States), AAR Corporation (United States), Beringer Aero (France), Lufthansa Technik AG (Germany), Jay-Em Aerospace, Inc. (United States), Meggitt (United Kingdom) and Hong Kong Aircraft Engineering Company Limited (Hong Kong) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Aircraft Brake System market by Type, Application and Region.
On the basis of geography, the market of Aircraft Brake System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
May 2021 – Safran Landing Systems has reached an agreement with Bell Textron Inc., a Textron Inc. (NYSE: TXT) company to provide the landing gear system for the V-280 Valor aircraft. Bell's V-280 Valor is a next generation tiltrotor aircraft proposed for the U.S. Army's Future Long-Range Assault Aircraft (FLRAA) Program.
Influencing Market Trend
- Advancement in Braking System like Electric Braking System
- Increasing Aircraft Orders
- The Rise in the Traffic of Air Passengers Worldwide
- Increasing Demand for Lightweight Aircraft Components
- Airlines Around the World are Demanding New Aircrafts with Advanced Technologies
- Maintenance and Overhaul Requirement for Wheels and Brakes
- High Operating and Maintenance Cost
- Issues Associated With Carbon Brakes
- Stringent Regulatory Factors
Key Target AudienceAircraft Brake System Manufacturers, Aircraft Brake System Material Manufacturers, Aircraft Brake System Service Providers, Subcomponent Manufactures, MRO Service Providers and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Aircraft Brake System market expands?
The Global Aircraft Brake System market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Aircraft Brake System market?
The prominent players of Global Aircraft Brake System market are Safran S.A. (France), UTC Aerospace Systems (United States), Honeywell International Inc. (United States), Crane Aerospace & Electronics (United States), Parker Hannifin Corporation (United States), AAR Corporation (United States), Beringer Aero (France), Lufthansa Technik AG (Germany), Jay-Em Aerospace, Inc. (United States), Meggitt (United Kingdom) and Hong Kong Aircraft Engineering Company Limited (Hong Kong), to name a few.
3. What are the top priorities to focus for Aircraft Brake System market’s growth?
In this highly competitive & fast evolving Aircraft Brake System industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.