Market Overview:
The global aircraft brake system market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The market is expected to be valued at US$ 3,521.4 Mn by 2030 end. In terms of type, the braking systems segment accounted for a major share of the global aircraft brake system market in 2017 and is anticipated to maintain its dominance during the forecast period as well. This can be attributed primarily to increasing demand for advanced braking systems from commercial as well as defense applications across the globe. Wheels are another key component of an aircraft brake system and are expected witness high demand due rising replacement needs across various regions worldwide in coming years.
Product Definition:
Aircraft brake systems are used to slow and stop aircraft. They are important because they allow the pilot to safely control the aircraft.
Braking Systems:
Brake System is a mechanical device which is used to decrease the speed of an aircraft. It’s major function includes preventing movement of aircraft from becoming a dangerous flight condition by reducing the airspeed. In case of emergencies, such as loss of control or engine failure, it helps in maintaining safe flight conditions by bringing down the speed.
Braking systems are crucial for landing and successful take-off.
Wheels:
Wheels and its usage in the aircraft brake system market is a device that helps to stop or slow down an object by applying brakes. The wheel and its usage in the aircraft brake system market are used for braking effect on different types of vehicles such as cars, trucks, railways, ships or aeroplanes. In case of automobiles it is generally used at the rear/rear wheels; whereas in case of railway wagons it can be seen at each wheel.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. The segment is expected to witness significant growth on account of increasing demand for passenger aircraft with higher maximum take-off weight and longer range capabilities. Furthermore, growing air traffic due to rise in tourism and business travel is anticipated to drive the product demand over the forecast period.
The defense segment accounted for a significant market share in 2017 owing to extensive R&D activities by major defense agencies, primarily focused on improving aircraft performance through use of advanced brakes systems. In addition, stringent government regulations regarding reduction in harmful effects caused due to noise & vibration during flight operations are projected to fuel industry expansion over the next eight years or so.
Regional Insights Europe Aircraft brake system market worth USD 1,252 million in 2018.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to maintain its lead over the forecast period owing to increasing demand from the commercial and general aviation sectors. Europe was valued at USD X million in 2017 and is anticipated to witness significant growth over the forecast period owing to growing aircraft deliveries in countries such as Germany, UK, Spain and Italy among others.
Growth Factors:
- Increasing demand for air travel: The number of passengers travelling by air is increasing every year. This is driving the demand for aircraft brake systems.
- Technological advancements: Aircraft brake systems are becoming more and more advanced with each passing day, thanks to technological advancements. This is helping to drive the growth of the market.
- Stringent safety regulations: Governments across the world are implementing stringent safety regulations for aircraft brake systems, in order to ensure passenger safety. This is aiding the growth of the market significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Brake System Market Research Report
By Type
Braking Systems, Wheels, Brakes
By Application
Commercial, Defense
By Companies
Honeywell, Safran, United Technologies, Meggitt, Parker Hannifin, Crane Aerospace & Electronics, AAR, Beringer Aero, Matco Manufacturing, Lufthansa Technik, Jay-Em Aerospace & Machine, Grove Aircraft Landing Gear Systems
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Brake System Market Report Segments:
The global Aircraft Brake System market is segmented on the basis of:
Types
Braking Systems, Wheels, Brakes
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
Commercial, Defense
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
- Safran
- United Technologies
- Meggitt
- Parker Hannifin
- Crane Aerospace & Electronics
- AAR
- Beringer Aero
- Matco Manufacturing
- Lufthansa Technik
- Jay-Em Aerospace & Machine
- Grove Aircraft Landing Gear Systems
Highlights of The Aircraft Brake System 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:
- Braking Systems
- Wheels
- Brakes
- By Application:
- Commercial
- Defense
- 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 Aircraft Brake System 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
The aircraft brake system is a group of devices that are used to slow or stop an aircraft. The system includes the brakes, the landing gear, and the air conditioning.
Some of the key players operating in the aircraft brake system market are Honeywell, Safran, United Technologies, Meggitt, Parker Hannifin, Crane Aerospace & Electronics, AAR, Beringer Aero, Matco Manufacturing, Lufthansa Technik, Jay-Em Aerospace & Machine, Grove Aircraft Landing Gear Systems.
The aircraft brake system market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Brake System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aircraft Brake System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Brake System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aircraft Brake System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aircraft Brake System Market Size & Forecast, 2020-2028
4.5.1 Aircraft Brake System Market Size and Y-o-Y Growth
4.5.2 Aircraft Brake System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Braking Systems
5.2.2 Wheels
5.2.3 Brakes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Defense
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Brake System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aircraft Brake System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Braking Systems
9.6.2 Wheels
9.6.3 Brakes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Defense
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Braking Systems
10.6.2 Wheels
10.6.3 Brakes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Defense
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Braking Systems
11.6.2 Wheels
11.6.3 Brakes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Defense
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Braking Systems
12.6.2 Wheels
12.6.3 Brakes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Defense
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Braking Systems
13.6.2 Wheels
13.6.3 Brakes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Defense
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aircraft Brake System Market: Competitive Dashboard
14.2 Global Aircraft Brake System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Safran
14.3.3 United Technologies
14.3.4 Meggitt
14.3.5 Parker Hannifin
14.3.6 Crane Aerospace & Electronics
14.3.7 AAR
14.3.8 Beringer Aero
14.3.9 Matco Manufacturing
14.3.10 Lufthansa Technik
14.3.11 Jay-Em Aerospace & Machine
14.3.12 Grove Aircraft Landing Gear Systems
