Aircraft Carbon Braking System Market By Product, Application, Region – Forecast to 2024t

Aircraft Carbon Braking System Market Research
Report, 2017 – 2024: Global Market Insights, Inc.
Aircraft Carbon Braking System Market is segmented based on end use into
commercial, regional, military aircrafts, and business jets. Commercial aircrafts are
likely to capture highest revenue share over the forecast timeframe owing to their
continuously rising number of deliveries across the globe. Rising air passenger
traffic, especially in developing countries due to affordability of prices will result in
increased production of aircrafts, further supporting the industry dominance.
Military aircrafts will grow substantially owing to rising defense budgets of various
countries across the globe. Military aircrafts are being equipped with these braking
systems owing to provision of the benefits such as lightweight and enhanced
performance.
North America aircraft carbon braking system market is expected to acquire
maximum share owing to substantial aircraft production across the region. Presence
of established aerospace industry leaders such as Boeing and Bombardier will
further contribute to the revenue generation significantly. The region is witnessing
rising number of military modernization programs that has led to high procurement of
military aircrafts, further supporting the regional dominance till 2024.
Asia Pacific will witness significant growth over the forecast timeline owing to
continuously growing commercial aviation industry, specifically in emerging
economies including India, Malaysia, and China.
Rising number of aircraft deliveries from regional airline operators, specifically from
Asia Pacific and MEA coupled with rising procurement of fighter aircrafts will
primarily drive the industrial growth. Aircrafts are increasingly being installed with
these braking systems owing to their benefits including significant aircraft weight
reduction and decreased fuel consumption.
Overall integration and production process of carbon brakes is significantly
expensive than that of steel brakes. The excessive cost of these systems is a major
factor that may hamper the industry growth. Moreover, their manufacturing process
involves highly complicated stages that leads to delay in their delivery cycles.
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Technical constraints in operating these brakes will further pose a challenge to the
aircraft carbon braking system market participants.
Rising concerns regarding carbon dioxide emissions across the globe has mandated
the aerospace industry to shift its focus towards green aircraft taxiing system. The
operation of this system involves aircraft movements on the ground under its own
power that demands significant fuel requirement. This has resulted in the
implementation of alternative approaches for aircraft taxiing. Numerous companies
are focusing on development of alternative and hybrid approaches for reduction of
excessive emission and fuel consumption during taxiing.
Recent improvements in the overhaul procedures and manufacturing of these
systems have resulted in reduction of landing cost, making them cost competitive
with steel counterparts. The manufacturing process of these systems has witnessed
more efficiency and overhaul procedures allow for optimal usage of refurbished
carbon material.
The industry is highly consolidated with few players acquiring the global market
share. Honeywell, Meggit, Crane Aerospace Systems, UTC Aerospace Systems,
and Safran are among the prominent participants in the aircraft carbon brake system
market. The competitors are focusing on partnerships with landing gear integrators
and aircraft manufacturers to strengthen their foothold in the industry. New product
development is another strategy adopted by the industry participants.
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