Market Overview:
The global aerospace steel brake market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial and military aircraft across the globe. Additionally, rising awareness about safety and security is also propelling the demand for aerospace steel brakes. The global aerospace steel brake market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into commercial steel brake and military steel brake. Commercial aviation accounts for a majority share in terms of revenue generated by this market segment owing to an increase in air travel across different geographies. Military aviation is anticipated to grow at a higher rate as compared to commercial aviation during the forecast period due to an increase in defense spending by various countries worldwide.
Product Definition:
Aerospace steel brake is a brake that uses aerospace steel to create friction and stop a moving object. Aerospace steel is known for its high strength and durability, making it the perfect material for brakes.
Commercial Steel Brake:
Commercial steel brake is a type of steel that is used in the manufacturing of automotive and aerospace parts. It has high carbon content which makes it suitable for use in the production of brakes. The material also provides good wear resistance, low thermal expansion, and good corrosion resistance properties which make it suitable for usage in aerospace applications as well.
Military Steel Brake:
Military steel brake is a term used for the material that is produced from recycled scrap metal. It has high carbon and low alloy content which makes it stronger than regular steel. The product also has superior corrosion resistance, which makes it suitable in aerospace applications such as aircraft brakes.
The U.S., Japan, France, Germany are some of the leading consumers of military steel brake in the world owing to their strong defense capabilities and large aerospace industries presence respectively.
Application Insights:
OEMs held around 65.0% share of the overall revenue in 2017 and are expected to witness significant growth over the forecast period. The growing OEM industry is driven by increasing demand for commercial and military aircraft, helicopters, trains, ships and other vehicles. Aerospace components such as primary winglets, secondary winglets, vertical and horizontal stabilizers are manufactured using composites which require a high amount of aluminum alloys for their production. This has resulted in increased utilization of aerospace steel products in the OEM industry which is projected to drive growth over the coming years.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth on account of increasing demand from developing countries such as India and China. Furthermore, rising aerospace manufacturing activities in countries such as Japan, Singapore and India are anticipated to fuel the market growth over the forecast period.
The European market was valued at USD X million in 2017 owing to high production volume of commercial aircraft along with a large number of OEMs based in Europe. In addition, stringent government regulations regarding energy efficiency are expected to drive steel brakes across all regions by 2030.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient aircrafts is expected to drive the growth of the aerospace steel brake market.
- The increasing adoption of composite materials in aircraft manufacturing is also projected to boost the demand for aerospace steel brakes over the forecast period.
- Growing air traffic across different regions is anticipated to create opportunities for the growth of this market during the forecast period.
- The increasing number of aircraft deliveries is also expected to propel demand for aerospace steel brakes in the coming years.
- Rising investments by OEMs towards development of new and advanced braking systems are likely to provide impetus to growth of this market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Steel Brake Market Research Report
By Type
Commercial Steel Brake, Military Steel Brake
By Application
OEM, Aftermarket
By Companies
Honeywell, Meggitt, UTC Aerospace System, Xi’an Aviation Brake Technology, Parker Hannifin, Rubin Aviation Corporation JSC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Steel Brake Market Report Segments:
The global Aerospace Steel Brake market is segmented on the basis of:
Types
Commercial Steel Brake, Military Steel Brake
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Meggitt
- UTC Aerospace System
- Xi’an Aviation Brake Technology
- Parker Hannifin
- Rubin Aviation Corporation JSC
Highlights of The Aerospace Steel Brake Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Commercial Steel Brake
- Military Steel Brake
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace Steel Brake Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerospace steel brake is a type of steel that is specifically designed to resist corrosion and wear in the harsh environment of an aircraft. Aerospace steel brakes are often used on commercial aircraft, as they offer superior performance over traditional iron or brass brakes.
Some of the major players in the aerospace steel brake market are Honeywell, Meggitt, UTC Aerospace System, Xi¢â‚¬â„¢an Aviation Brake Technology, Parker Hannifin, Rubin Aviation Corporation JSC.
The aerospace steel brake market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aerospace Steel Brake Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aerospace Steel Brake Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aerospace Steel Brake Market - Supply Chain
4.5. Global Aerospace Steel Brake Market Forecast
4.5.1. Aerospace Steel Brake Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aerospace Steel Brake Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aerospace Steel Brake Market Absolute $ Opportunity
5. Global Aerospace Steel Brake Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aerospace Steel Brake Market Size and Volume Forecast by Type
5.3.1. Commercial Steel Brake
5.3.2. Military Steel Brake
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aerospace Steel Brake Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aerospace Steel Brake Market Size and Volume Forecast by Application
6.3.1. OEM
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aerospace Steel Brake Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aerospace Steel Brake Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aerospace Steel Brake Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aerospace Steel Brake Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aerospace Steel Brake Demand Share Forecast, 2019-2026
9. North America Aerospace Steel Brake Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aerospace Steel Brake Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aerospace Steel Brake Market Size and Volume Forecast by Application
9.4.1. OEM
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aerospace Steel Brake Market Size and Volume Forecast by Type
9.7.1. Commercial Steel Brake
9.7.2. Military Steel Brake
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aerospace Steel Brake Demand Share Forecast, 2019-2026
10. Latin America Aerospace Steel Brake Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aerospace Steel Brake Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aerospace Steel Brake Market Size and Volume Forecast by Application
10.4.1. OEM
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aerospace Steel Brake Market Size and Volume Forecast by Type
10.7.1. Commercial Steel Brake
10.7.2. Military Steel Brake
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aerospace Steel Brake Demand Share Forecast, 2019-2026
11. Europe Aerospace Steel Brake Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aerospace Steel Brake Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aerospace Steel Brake Market Size and Volume Forecast by Application
11.4.1. OEM
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aerospace Steel Brake Market Size and Volume Forecast by Type
11.7.1. Commercial Steel Brake
11.7.2. Military Steel Brake
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aerospace Steel Brake Demand Share, 2019-2026
12. Asia Pacific Aerospace Steel Brake Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aerospace Steel Brake Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aerospace Steel Brake Market Size and Volume Forecast by Application
12.4.1. OEM
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aerospace Steel Brake Market Size and Volume Forecast by Type
12.7.1. Commercial Steel Brake
12.7.2. Military Steel Brake
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aerospace Steel Brake Demand Share, 2019-2026
13. Middle East & Africa Aerospace Steel Brake Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aerospace Steel Brake Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aerospace Steel Brake Market Size and Volume Forecast by Application
13.4.1. OEM
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aerospace Steel Brake Market Size and Volume Forecast by Type
13.7.1. Commercial Steel Brake
13.7.2. Military Steel Brake
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aerospace Steel Brake Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aerospace Steel Brake Market: Market Share Analysis
14.2. Aerospace Steel Brake Distributors and Customers
14.3. Aerospace Steel Brake Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Meggitt
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. UTC Aerospace System
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xian Aviation Brake Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Parker Hannifin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rubin Aviation Corporation JSC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
