Market Overview:
The global airplane steel brake 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 growth of the market can be attributed to the increasing demand for commercial and military airplanes across the globe. Additionally, factors such as rising disposable income, technological advancements in aviation industry are expected to fuel the growth of global airplane steel brake market over the forecast period. On basis of type, commercial steel brake segment is anticipated to account for major share in terms of revenue in global airplane steel brake market over 2018-2030 owing to its high adoption rate across various regions. Military steel brakes are also projected witness significant growth during forecast period on account of increasing demand from defence sector across globe. Regionally North America accounted for largest share followed by Europe and Asia Pacific respectively due high adoption rate aircrafts equipped with Steel Brakes .
Product Definition:
Airplane steel brake is a device used to stop or slow an airplane. It is important because it helps airplanes come to a safe stop.
Commercial Steel Brake:
Commercial steel brake is a special type of steel that is used in the manufacturing of railway brakes. It has high tensile strength and low elongation to break.
Military Steel Brake:
Military steel brake is a term used for the metal alloy which is manufactured from combining various metals such as chromium, nickel, iron and carbon. The product has high tensile strength and ductility which makes it suitable to be used in aircraft brakes. It also has low thermal expansion property which helps in keeping the temperature of brake components constant during braking process.
The global military steel brake market size was valued at USD 830 million in 2016.
Application Insights:
OEM segment held the largest share of over 70.0% in 2017 and is expected to witness significant growth over the forecast period. Airplane manufacturers prefer using OEM steel brake products as they offer superior quality, performance and reliability at a lower price than other brands or types of steel brakes. The growing preference for OEM products can be attributed to their ability to provide high thermal resistance, corrosion resistance, strength and durability required in aircraft structures.
The aftermarket segment is projected register notable gains owing to increased replacement activities of existing stock with newer models by major airlines such as Lufthansa Technik AG., British Airways Plc.
Regional Analysis:
Asia Pacific dominated the global airframe steel brake market in 2016 and accounted for over 45% of the revenue share. The region is expected to witness significant growth over the forecast period owing to increasing demand from low-cost carriers, such as Jet Airways, Air India and SpiceJet. In addition, rising disposable income levels among middle-class population groups in China and India are expected to drive passenger traffic on airlines thereby driving product demand.
Europe was estimated at USD X million in 2016 as compared to Asia Pacific’s USD X million; this can be attributed primarily to increased military spending by countries including Russia and France which resulted into an increase in production of aircraft parts including brakes across Europe. However, sluggish economic growth coupled with political instability has resulted into a decline or halt of major projects particularly related high-risk investments such as aircraft manufacturing facilities thus affecting steel brake market growth negatively across Europe since 2017Q3 till date.
Growth Factors:
- Increasing demand for air travel: The number of passengers travelling by air is increasing every year. This is driving the demand for new and improved airplanes, which in turn is boosting the market for airplane steel brake.
- Technological advancements: Aircraft manufacturers are constantly working on developing new and innovative technologies to improve the performance of their planes. This is resulting in increased demand for airplane steel brake, as they are essential components of aircraft brakes systems.
- Stringent safety regulations: Air travel regulators are getting stricter with their safety regulations, which is leading to the installation of more advanced airplane brake systems across all types of aircrafts. This is benefiting the market for airplane steel brake significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Airplane Steel Brake Market Research Report
By Type
Commercial Steel Brake, Military Steel Brake
By Application
Aftermarket, OEM
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Airplane Steel Brake Market Report Segments:
The global Airplane 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
Aftermarket, OEM
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 Airplane 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:
- Aftermarket
- OEM
- 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 Airplane 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
- 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?
Airplane steel brake is a type of steel brake that is used on airplanes. It is made from high-quality, hardened steel and has a smooth surface so it does not create drag on the airplane.
Some of the major companies in the airplane steel brake market are Honeywell, Meggitt, UTC Aerospace System, Xi’an Aviation Brake Technology, Parker Hannifin, Rubin Aviation Corporation JSC.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Airplane Steel Brake 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 Airplane Steel Brake Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Airplane Steel Brake 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 Airplane Steel Brake 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 Airplane Steel Brake Market Size & Forecast, 2018-2028
4.5.1 Airplane Steel Brake Market Size and Y-o-Y Growth
4.5.2 Airplane Steel Brake Market Absolute $ Opportunity
Chapter 5 Global Airplane Steel Brake 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 Airplane Steel Brake Market Size Forecast by Type
5.2.1 Commercial Steel Brake
5.2.2 Military Steel Brake
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Airplane Steel Brake 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 Airplane Steel Brake Market Size Forecast by Applications
6.2.1 Aftermarket
6.2.2 OEM
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Airplane Steel Brake 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 Airplane Steel Brake 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 Airplane Steel Brake Analysis and Forecast
9.1 Introduction
9.2 North America Airplane Steel Brake 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 Airplane Steel Brake Market Size Forecast by Type
9.6.1 Commercial Steel Brake
9.6.2 Military Steel Brake
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 Airplane Steel Brake Market Size Forecast by Applications
9.10.1 Aftermarket
9.10.2 OEM
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 Airplane Steel Brake Analysis and Forecast
10.1 Introduction
10.2 Europe Airplane Steel Brake 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 Airplane Steel Brake Market Size Forecast by Type
10.6.1 Commercial Steel Brake
10.6.2 Military Steel Brake
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 Airplane Steel Brake Market Size Forecast by Applications
10.10.1 Aftermarket
10.10.2 OEM
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 Airplane Steel Brake Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Airplane Steel Brake 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 Airplane Steel Brake Market Size Forecast by Type
11.6.1 Commercial Steel Brake
11.6.2 Military Steel Brake
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 Airplane Steel Brake Market Size Forecast by Applications
11.10.1 Aftermarket
11.10.2 OEM
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 Airplane Steel Brake Analysis and Forecast
12.1 Introduction
12.2 Latin America Airplane Steel Brake 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 Airplane Steel Brake Market Size Forecast by Type
12.6.1 Commercial Steel Brake
12.6.2 Military Steel Brake
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 Airplane Steel Brake Market Size Forecast by Applications
12.10.1 Aftermarket
12.10.2 OEM
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) Airplane Steel Brake Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Airplane Steel Brake 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) Airplane Steel Brake Market Size Forecast by Type
13.6.1 Commercial Steel Brake
13.6.2 Military Steel Brake
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) Airplane Steel Brake Market Size Forecast by Applications
13.10.1 Aftermarket
13.10.2 OEM
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 Airplane Steel Brake Market: Competitive Dashboard
14.2 Global Airplane Steel Brake Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Meggitt
14.3.3 UTC Aerospace System
14.3.4 Xi’an Aviation Brake Technology
14.3.5 Parker Hannifin
14.3.6 Rubin Aviation Corporation JSC
