Market Overview:
The global aircraft braking systems market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for commercial and military aircraft across the globe. Additionally, the increasing adoption of thrust reversers as a safety feature in aircraft is also expected to fuel the growth of the global aircraft braking systems market over the forecast period. On basis of type,the global Aircraft Braking Systems Market can be segmented into Aircraft Disc Brakes, Thrust Reversers and Air Brakes. Among these segments, Aircraft Disc brakes are expected to account for a major share of revenue in 2018 and beyond owing to their high efficiency and longer life span as compared with other types of brakes available in the market. On basis on application, Civil Aviation is anticipated witness highest adoption rates for air brake systems followed by Military Aviation applications over 2018-2030 period .Regionally North America dominates Global Aircraft Braking Systems Market with highest revenue share contribution while Asia Pacific Excluding Japan (APEJ) region is projected exhibit fastest CAGR during forecast period .Some key players operating in Global Aircraft Braking Systems Market include Honeywell International Inc., Safran S A.
Product Definition:
An aircraft braking system is a mechanism used to slow or stop an aircraft. The three main types of aircraft braking systems are wheel brakes, spoilers, and thrust reversers. Wheel brakes use friction to slow the aircraft down. Spoilers use the airflow over the wings to create drag and slow the airplane down. Thrust reversers redirects engine exhaust flow to push against the air flowing over the wings, which also creates drag and slows the airplane down.
Aircraft Disc Brakes:
Aircraft disc brakes are the most advanced and largest technological advancement in aircraft braking technology. They have replaced the traditional hydraulic system used for braking. The primary function of an aircraft's braking system is to enable a safe landing after applying enough pressure to reduce the speed of an aircraft as required by Federal Aviation Regulations (FAR).
The conventional method used for slowing down a speeding Boeing 707 was achieved through two main hydraulic systems, one for each wheel.
Thrust Reversers:
Thrust reversers are aerodynamic devices that are used to generate significant force in a forward direction. They can be classified into two basic types, manual and automatic. An example of an automatic thrust reverser is the F-16 fighter jet’s flight control system which uses eight small rotors mounted on each wing for providing positive directional control during landing or when performing an evasive maneuver.
The primary function of a thrust reverser is to provide additional lift.
Application Insights:
The civil aviation segment dominated the global aircraft braking systems market in 2017 and is expected to witness significant growth over the forecast period. Increasing air traffic owing to rise in passenger travel demand, coupled with expansion of airports, is anticipated to drive the segment growth. Aircraft disc brakes are being widely used for landing and take-off on account of their high performance and durability.
Thrust reversers are primarily used for deceleration or reversal of a moving aircraft when its speed becomes too great for normal operation of engines or propellers through jet blast from conventional engines. They provide thrust vectoring by means of two reverser nozzles that direct exhaust gases upward so as to provide additional deceleration at the rear end portion of an aircraft where it matters most such as tail section, engine pods, doors & ramp entryways etc., thereby providing enhanced safety during emergencies or evacuations while reducing fuel consumption & emissions significantly.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to maintain its lead throughout the forecast period owing to increasing air travel and rapid growth of commercial aviation industry. Europe aircraft braking systems market is estimated to grow at a CAGR exceeding 6% from 2018 to 2030 owing to stringent government regulations regarding aircraft safety and rising demand for efficient braking solutions on board planes.
Asia Pacific is projected to be the fastest-growing regional segment, with a CAGR exceeding 7% from 2018 till 2030 due primarily high growth rate in China, India, Japan, South Korea and Taiwan; coupled with growing adoption by airlines operating within Asia Pacific region as well as across international routes connecting Asian countries.
Growth Factors:
- Increasing demand for air travel: The global air travel industry is growing at a rapid pace, owing to the increasing number of passengers travelling for both business and leisure purposes. This is expected to drive the demand for aircraft braking systems in the coming years.
- Technological advancements: Aircraft braking systems are becoming increasingly sophisticated with each passing year, with new technologies being developed to improve performance and safety. This is likely to boost the growth of the market in the near future.
- Stringent safety regulations: Governments across the world are implementing stringent safety regulations for aviation industry, which is drivingthe demandfor aircraft braking systems.This trendisexpectedtogrowinthefuture aswell, propellingthemarketgrowth further .
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Braking Systems Market Research Report
By Type
Aircraft Disc Brakes, Thrust Reversers, Air Brakes
By Application
Civil Aviation, Military
By Companies
Knorr Bremse, Wabco, Haldex, Merito, Rapco Fleet Support, Meggitt, UTC Aerospace Systems, Revolvy, Parker, Honeywell Aerospace, Knorr Bremse, TAE Aerospace
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Braking Systems Market Report Segments:
The global Aircraft Braking Systems market is segmented on the basis of:
Types
Aircraft Disc Brakes, Thrust Reversers, Air 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
Civil Aviation, Military
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:
- Knorr Bremse
- Wabco
- Haldex
- Merito
- Rapco Fleet Support
- Meggitt
- UTC Aerospace Systems
- Revolvy
- Parker
- Honeywell Aerospace
- Knorr Bremse
- TAE Aerospace
Highlights of The Aircraft Braking Systems 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:
- Aircraft Disc Brakes
- Thrust Reversers
- Air Brakes
- By Application:
- Civil Aviation
- Military
- 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 Braking Systems 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.
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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?
Aircraft braking systems are a set of devices and techniques used to slow or stop an aircraft. Aircraft braking systems may use either hydraulic or mechanical means to achieve the desired effect.
Some of the key players operating in the aircraft braking systems market are Knorr Bremse, Wabco, Haldex, Merito, Rapco Fleet Support, Meggitt, UTC Aerospace Systems, Revolvy, Parker, Honeywell Aerospace, Knorr Bremse, TAE Aerospace.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Braking Systems 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 Braking Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Braking Systems 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 Braking Systems 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 Braking Systems Market Size & Forecast, 2020-2028
4.5.1 Aircraft Braking Systems Market Size and Y-o-Y Growth
4.5.2 Aircraft Braking Systems 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 Aircraft Disc Brakes
5.2.2 Thrust Reversers
5.2.3 Air 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 Civil Aviation
6.2.2 Military
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Braking Systems 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 Braking Systems 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 Aircraft Disc Brakes
9.6.2 Thrust Reversers
9.6.3 Air 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 Civil Aviation
9.10.2 Military
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 Aircraft Disc Brakes
10.6.2 Thrust Reversers
10.6.3 Air 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 Civil Aviation
10.10.2 Military
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 Aircraft Disc Brakes
11.6.2 Thrust Reversers
11.6.3 Air 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 Civil Aviation
11.10.2 Military
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 Aircraft Disc Brakes
12.6.2 Thrust Reversers
12.6.3 Air 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 Civil Aviation
12.10.2 Military
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 Aircraft Disc Brakes
13.6.2 Thrust Reversers
13.6.3 Air 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 Civil Aviation
13.10.2 Military
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 Braking Systems Market: Competitive Dashboard
14.2 Global Aircraft Braking Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Knorr Bremse
14.3.2 Wabco
14.3.3 Haldex
14.3.4 Merito
14.3.5 Rapco Fleet Support
14.3.6 Meggitt
14.3.7 UTC Aerospace Systems
14.3.8 Revolvy
14.3.9 Parker
14.3.10 Honeywell Aerospace
14.3.11 Knorr Bremse
14.3.12 TAE Aerospace
