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The Global Aircraft Braking Systems Market is forecast to increase by USD 1.55 billion at a CAGR of 7% between 2022 and 2027. The market experiences growth propelled by critical drivers within the aviation industry. With a rising demand for both commercial and general aircraft, there's an increased need for advanced braking systems to ensure safe and efficient operations. Moreover, the surge in aircraft deliveries worldwide amplifies the demand for reliable braking solutions to meet stringent safety standards. Additionally, the adoption of smart sensor technologies enhances the performance and responsiveness of braking systems, catering to the evolving needs of modern aircraft and thereby driving market expansion in the aviation sector. This market analysis and report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market faces challenges such as supply chain disruptions and labor shortages, accentuated by employee safety concerns and government regulations. Despite these hurdles, spending on advanced aircraft brakes remains robust, with procurement spanning both commercial and military sectors. The market offers diverse brake support systems, including anti-skid brakes and electronically activated braking systems, catering to various segments such as commercial aircraft and military aircraft. From hydraulically operated to pneumatically operated systems, options range from single disc brakes to rotor-disc brakes, with carbon fiber construction and steel-based braking systems meeting specific needs in the electronics segment. Additionally, the market caters to fine-fit and retrofit segments, ensuring the availability of electrical braking systems for optimal performance. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The adoption of smart sensor technologies is notably driving market growth. The adoption of smart sensor technologies is notably driving market growth. Aircraft tires and brakes undergo significant stress during landing and taxiing maneuvers. Maintaining optimal tire pressure is critical to prevent accidents resulting from blowouts. Adhering to recommended tire pressure levels not only enhances safety but also enables airlines to reduce costs by improving fuel efficiency and minimizing hangar downtime. Similarly, unexpected spikes in brake temperature can lead to brake malfunction, underscoring the importance of continuous monitoring of tire and brake conditions after each flight.
The integrated Tire and Brake Monitoring System (TBMS), pioneered by Crane Aerospace and Electronics, merges the functionalities of a tire pressure monitoring unit and a brake temperature monitoring unit (BTMU). This integration eliminates the need for a separate avionic unit, thereby reducing overall system weight. The BTMU accurately computes and adjusts tire pressure and temperature in real time, delivering immediate results without delays. This advancement addresses a previous limitation where measurements had to wait for tire cooling, thereby enhancing operational efficiency and safety. Consequently, these factors are poised to propel the growth of the market throughout the forecast period.
The development of electric brake systems is an emerging trend in the market. Due to its potential effectiveness, the idea of electric aircraft has become increasingly popular in recent years. Numerous aircraft firms (including OEMs and tier 1 firms) have shown off their plans that incorporate the replacement of various conventional technologies with electrical systems.
The use of electric technology can replace the conventional hydraulic lines that were imperative in traditional brakes, thereby making the installation and maintenance much easier. Additionally, electric brakes can ensure real-time data feed using its smart sensor technologies that can help pilots measure carbon disk wear. Moreover, from an environmental perspective, the production and use of electric brakes are environmentally friendly, as they do not feature potential toxic chemicals such as cadmium, chromium, beryllium, and asbestos. The use of an advanced electromechanical braking system can also ensure improvement in dispatch reliability and overall durability as well. Therefore, such development in the braking system will fuel the growth of the market during the forecast period.
The high production cost is a major challenge impeding the market growth. A new airplane braking system or brake system technology involves a lot of R&D, which is expensive. The cost is directly proportional to associated development and production costs. So, before rolling out an engine, extensive testing and documentation are done in order to guarantee the expected results of such time and financial investment.
However, rigorous testing does not ensure the proper working of the braking system once implemented in aircraft, which leads to numerous challenges. Such incidents cause the manufacturer to invest in redesigning the engine components and replacing the already-equipped braking system in aircraft. They also cause delays in braking system deliveries leading to an overall shortfall in demand and supply and, subsequently, garner losses to players in the supply chain. Therefore, such factors will have a negative impact on the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Aircraft-Braking-Systems Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BERINGER AERO - The company is involved in the manufacturing of wheel, brake, and landing gear kits for many devices. The key offerings of the company include aircraft -braking-systems.
This market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:
Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.
The market share growth by the commercial aviation segment will be significant during the forecast period. Commercial aircraft, also known as civil aircraft, transport passengers and commercial cargo. Commercial aircraft are classified into narrow-body, wide-body, and regional aircraft. The rapid growth of the commercial aviation industry can be attributed to the increasing preference of consumers for air travel.
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The commercial aviation segment was valued at USD 2.14 billion in 2017 and continued to grow until 2021. The demand has been cyclical in nature for the past decade as it is highly associated with corporate profits, populations of high-net-worth individuals, and GDP growth. With the gradual recovery in demand for technologically advanced and long-range business aircraft, braking systems and aircraft OEMs are likely to invest in new-generation braking systems and their associated components during the forecast period.
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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in North America is supported by highly evolved aviation infrastructure and a large, affluent middle-class population. The region is home to technologically advanced countries and mature markets such as the US and Canada, which have developed systems with features such as anti-skid braking, electric brakes, and carbon brakes. A rapid rise in the global demand for new aircraft has increased the need for investments in airframe parts as well as the component manufacturing sector. Large funds are being channeled for the development of advanced materials and related technologies in North America. Moreover, extreme winters in the US have necessitated the development of such systems that prevent skidding on runways.
The market faces challenges like supply chain disruptions and labor shortages, impacting major players, including Aircraft OEMs (Airbus and Boeing). As government regulations prioritize employee safety concerns, demand rises, propelling spending on advanced aircraft brakes. In both commercial and military sectors, innovations like Advanced lightweight and high-performance braking systems, and anti-skid brakes gain traction. They come in various types, such as hydraulically operated and pneumatically operated, including single, dual, and multiple disc brakes. Manufacturers explore carbon fiber construction for enhanced performance, while the electronics segment sees growth in electrically activated braking systems. Both commercial aircraft and military aircraft segments witness advancements in steel-based and carbon fiber braking systems, catering to the fine-fit and retrofit segments with advanced lightweight solutions.
In the commercial sector, procurement processes drive the demand for brake support systems featuring single disc brakes, dual disc brakes, and rotor-disc brakes. Specifically, in the commercial aircraft segment, steel-based braking systems are common, catering to the fine-fit segment with electrical braking systems. These systems are integral for various aircraft types, including passenger and cargo aircraft, both fixed-wing and rotary-wing. However, stringent Federal Aviation Administration (FAA) regulations and flight cancellations impact the Commercial Market Outlook (CMO). As e-commerce services soar, the industry adapts to meet evolving needs while ensuring compliance with safety standards.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Aircraft-Braking-Systems Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
Market growth 2023-2027 |
USD 1.55 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.76 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, China, France, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advent Aircraft-Systems Inc., Aviation Products Systems Inc., BERINGER AERO, Crane Co., GOLDfren USA, Grove Aircraft-Landing Gear Systems Inc., Honeywell International Inc., Jay Em Aerospace Inc., Matco Aircraft-Landing Systems, McFarlane Aviation Inc., Meggitt Plc, Moog Inc., NMG Aerospace, Parker Hannifin Corp., RAPCO Inc., Raytheon Technologies Corp., Safran SA, Sonex LLC, Tactair Fluid Controls Inc., and The Carlyle Johnson Machine Co. LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Application
8 Market Segmentation by Component
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
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