Aircraft Braking System Market Major Players, Analysis and Forecast till 2018-2028
Increasing aircraft travel and constantly developing new technology for safety drives the global Aircraft Braking system Market through 2028.
According to TechSci Research report, “Aircraft Braking System Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, Brakes function by dispersing energy as heat as a result of friction. A high-speed aircraft wheel has a significant quantity of kinetic energy. A considerable quantity of heat is produced when a semi-metallic or ceramic brake pad contacts the wheel because of the friction created between the two surfaces in contact. In order to reduce heat and increase efficiency many companies investing in its research and development. There are several types of aircraft braking systems that have been developed, including single disc, dual disc, multiple disc, and rotary disc brakes. The industry is being driven by improvements in the designs and technology of aircraft braking systems, such as the integration of electronics with fly-by-wire braking, the adoption of carbon brake discs that significantly reduce weight and increasing use of multiple disc systems in contemporary aircraft platforms. The majority of aircraft are equipped with a parking brake, which can be activated using a switch or lever and maintains the engagement of all brakes when used.
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By Actuation, Aircraft braking system is divided into four types of brakes. Namely, Power Brake, Boosted Brake, Independent Brake. An independent hydraulic system is used to operate the brakes on light aircraft that lack a hydraulic system to operate the flaps, control surfaces, or landing gear. On bigger aeroplanes, brake booster systems are utilised to supplement the manual hydraulic braking system so that the aircraft may be slowed down over a reasonable distance. On large aeroplanes, power braking systems are employed when a manual or boosted system is unable to generate the hydraulic pressures needed to stop the aircraft. The most popular type of braking system used today is a disc brake, which consists of a rotating disc that revolves with the wheel and a stationary brake calliper that applies pressure to the disc to apply a braking force.
Aircraft braking system market based on aircraft type is majorly dominated by commercial aircraft due to rising technology and development in air transport. Actuation power brakes are widely use because of their braking power and efficiency. Based on end user, commercial aircraft is dominating. Replacement market is growing at higher pace as it is essential component in aircraft and regular maintenance and replacement is required as aircraft engine blades are replaced periodically to maintain the safety and efficiency.
The entire value chain of the aviation sector was affected by the global outbreak of COVID-19 pandemic. However, as economies all over the world slowly started recovering from the lockdown, the airline industry began to show signs of recovery, with local air traffic resuming at the highest rate. According to Industry economic analysis, All the major aviation industry registered levels below 60% and 75% below of those of 2019. Most significant domestic markets and several short-haul overseas markets, like those in Europe, were more resilient despite the extraordinary declines.
Some of the major companies operating in the global aircraft braking system market include:
- Safran S.A.
- Aviation Products Systems Inc.
- Beringer Aero
- Collins Aerospace
- Crane Aerospace & Electronics
- Grove Aircraft Landing Gear Systems Inc.
- Honeywell International
- Matco Mfg.
- Mcfarlane Aviation Inc.
- Rapco Inc.
These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.
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“The need for more effective braking systems grows as air traffic for both cargo and transportation increases across many regions around the world. Presently, North America continues to dominate the global aircraft braking system market. Asia-Pacific region is growing with significant rate in forecasted year with a greater number of developing countries.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Aircraft Braking system Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Aircraft Type (Fixed wing, Rotary Wing), By Actuation (Power Brake, Boosted Brake, Independent Brake), By End User (Commercial, Military, General Aviation), By Distribution (OEM, Replacement), By Region, Competition” has evaluated the future growth potential of global Aircraft Braking system Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global aircraft braking system market.
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