Global Commercial Aircraft Tire Pressure and Brake Temperature Monitoring System Market 2017-2021

Overview of the global commercial aircraft tire pressure and brake temperature monitoring system market

According to Technavio’s research analysis, the rising aircraft orders generating a parallel demand for tire pressure monitoring systems (TPMS) will be one of the major factors that will have a positive impact on the commercial aircraft tire pressure and brake temperature monitoring system market till 2021. Commercial aircraft OEMs are involved in the manufacture of new generation aircraft with reduced fuel consumption rates and lower noise and carbon emissions. The need for air travel is likely to grow two folds in the next 20 years. This is mainly due to the rise in air travel in key countries such as India, China, Indonesia, Russia, and the US. Moreover, the increase in air traffic over the years has also increased the importance of launching new aircraft to cater to the growing demand. The global air traffic is largely influenced by the rising economy figures and increasing tourism numbers. Numerous aircraft parts manufacturers, including vendors of aircraft landing gears and aircraft TBMS, have witnessed an increased demand from the key countries. The rising order book for newer generation aircraft is likely to be a key factor for the growth of the global aircraft tire market which in turn will generate a demand for pressure and temperature monitoring systems. Our market research analysts predict that this market will grow at a CAGR of close to 7% by 2021.

The developments in the aircraft monitoring systems are one of the latest trends that will gain traction in the commercial aircraft tire pressure and brake temperature monitoring system market. The evolution in the aircraft monitoring systems compared to the conventional systems has led the aviation industry to continuously focus on the adoption of intelligent tires. These tires are equipped with integrated chips and sensors to measure the tire pressure, wear and tear, and damage. Companies such as Continental provide tires with integrated sensors and monitors for tracking the air pressure. Also, the integrated TBMS introduced by Crane Aerospace & Electronics fuses the role of the tire pressure monitoring unit and brake temperature monitoring unit (BTMU).

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Technavio's industry research report titled - Global Commercial Aircraft Tire Pressure and Brake Temperature Monitoring System Market will help you-

• Identify latent opportunities and explorative solutions in the commercial aircraft tire pressure and brake temperature monitoring system market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors  

The commercial aircraft tire pressure and brake temperature monitoring system market consists of a few numbers of global vendors. With the improvement in capabilities of existing facilities, vendors are also concentrating on expanding their manufacturing bases in developing regions like APAC for cost-effectiveness. Also, the rising popularity of the tire pressure monitoring systems market will drive the growth of the market during the forecast period.

The leading vendors in the market are –

• Crane
• Meggitt
• Safran Landing Systems (Messier-Bugatti-Dowty)
• UTC Aerospace Systems

The other prominent vendors in the market are ARi Industries, HarcoSemco, RdF, Tayco Engineering, and THERMOCOAX.

Segmentation by aircraft type and analysis of the commercial aircraft tire pressure and brake temperature monitoring system market

• Narrow-body aircraft
• Wide-body aircraft
• Regional jets

During 2016, the narrow-body aircraft segment accounted for the major shares of the commercial aircraft tire pressure and brake temperature monitoring system market. Factors such as the rising demand for fuel-efficient aircraft and the rising popularity of the low-cost carrier (LCC) model in numerous emerging and developed economies will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the commercial aircraft tire pressure and brake temperature monitoring system market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the commercial aircraft tire pressure and brake temperature monitoring system market throughout the forecast period. The presence of major aircraft manufacturing companies and rising investments in the aircraft industry will drive the growth of the market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the commercial aircraft tire pressure and brake temperature monitoring system market?
• What are the key market trends impacting the growth of the commercial aircraft tire pressure and brake temperature monitoring system market?
• What are the challenges to market growth?
• Who are the key vendors in the commercial aircraft tire pressure and brake temperature monitoring system market?
• What are the market opportunities and threats faced by the vendors in the commercial aircraft tire pressure and brake temperature monitoring system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the commercial aircraft tire pressure and brake temperature monitoring system market?

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