The GlobalAircraft Carbon Brake Disc Marketis expected to reach USD 1.93 Billion by 2028, according to a new report by Reports and Data. The increase in the business of air travelers worldwide in current years has led to the rise in the demand for aircrafts. Also, airlines throughout the world require modern aircrafts equipped with advanced technologies. To match the demand from airliners, the aircraft industry is improving aircraft with advanced systems and components. The increasing demand for aircrafts is expanding the need for aircraft brake systems.
The introduction of Green Aircraft Taxiing Systems (EGTS) is a primary trend in the market. Aircraft taxiing deals with the movement of aircraft on the ground using its engine power. This process leads to a much higher fuel consumption, and most aircrafts use around 600 liters of fuel while taxiing for an average of 3.5 hours/day. Thus, many companies have started developing an alternative hybrid or electrical driven methods to reduce the excessive consumption of fuel and emission impact during aircraft taxiing. For instance, recently, Airbus S.A.S signed Memorandum of Understanding (MoU) with Safran and Honeywell to develop EGTS for A320 aircraft. The primary landing gear wheels are generally equipped with motors for maximum performance, agility, and traction which, in turn, demands an effective braking system. This further increases the necessity for the use of carbon material for brakes.
The functioning of an aircraft brake system depends upon several parameters, such as better heat dissipation, minimum stopping distance, and effortless maneuvering. Consequently, the weight, size, and landing speed of the aircraft are determining parameters for choosing the design and type of the aircraft brake system. Lower overall costs due to reduced maintenance and operating costs coupled with brake life improvement, weight reduction, and lower fuel consumption are driving the market for carbon brake disc.
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The key players studied in the report are:
- Safran,
- United Technologies Corporation,
- Honeywell International Inc.,
- Meggitt PLC,
- SGL Carbon
- Others
Market Segmentation:
Application Outlook (Revenue, USD Million; 2018-2028)
- Commercial Aircraft
- Military Aircraft
Sales Outlook (Revenue, USD Million; 2018-2028)
- OEM Sales
- Aftermarket
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Further key findings from the report suggest
- Carbon brake disc for commercial aircraft dominates the market with a larger revenue of USD 1.04 Billion in the year 2018 and is anticipated to grow with a higher CAGR of 5.2% during the forecast period. The rising demand for newer generation aircraft along with the initiatives taken by the airlines to maximize their profits by decreasing the operational costs and growing concern for fuel efficiency are the principal drivers for the growth of the carbon brake disc for the application in commercial aircraft.
- Asia-Pacific is anticipated to witness the highest CAGR of 5.7% among all regions during the forecast period. The rising number of aircraft orders and deliveries in the region, due to the growing demand for newer generation aircraft, is encouraging the growth of the market in the region.
- Key manufacturers in the market include Safran, United Technologies Corporation, Honeywell International Inc., Meggitt PLC, SGL Carbon, and Parker Hannifin, among others. Yantai Luhang Carbon Materials Technology Co. Ltd., Beijing International Aeronautical Materials Corporation (BIAM), Xian Aviation Brake Technology Co., Ltd., and Shaanxi Lantai Aviation Equipment Limited are key raw material suppliers in the market.
The study covers latest industry information, growth opportunities, and trends. It further explains in detail the competitive landscape of the industry with regional and global analysis and profiles of each competitor. The report highlights the recent mergers and acquisitions, collaborations, joint ventures, government initiatives, product launch or brand promotion, licensing agreements, and memorandum of understandings happening in the market. The report further offers data about key competitors including their manufacturing and production capacities, product portfolio, gross profit margins, strategic expansion plans, and projects and products in pipeline.
The automotive industry has expanded significantly over the recent past with a rapid rise in technology-driven trends such as diverse mobility, electrification of transportation sectors, autonomous driving, and integration of advanced technologies such as AI, ML, and deep learning in autonomous driving systems. Increasing trend of self-driving cars across the globe, rising investment in development of sophisticated and luxurious autonomous cars, and growing shift towards electric and hybrid vehicles to curb carbon emissions are some factors expected to drive revenue growth of the market over the forecast period. Trend of micromobility, connected and shared mobility, and increasing popularity of vehicle connectivity are disrupting the automotive industry and are expected to boost sales of autonomous and advanced cars over the coming years. In addition, rapid emergence of ride sharing platforms and apps, increasing investment to develop robust electric vehicle charging stations, and rising reliance on real-time predictive analytics to inform users of incoming traffic, navigations, and quicker routes are some other factors contributing to rapid growth of the automotive industry.
The report offers a country-wise and region-wise analysis to provide better understanding of the geographical expansion of the market and the current trends, demand and supply, customer trends, production and consumption trends, and import/export of each country in the region.
Further, the report segments the Aircraft Carbon Brake Disc market on the basis of products, applications, and end-use, among other segments and offers details about the segment expected to account for largest revenue share or rapid revenue CAGR and the key trends and factors influencing the revenue growth.
Major geographical regions analysed in the report include: -
- North America(U.S.A., Canada, Mexico)
- Europe(Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific(China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America(Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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