Aircraft Brake Market Growth Report | 2021 to 2031
The Aircraft Brake Market is expected to register a CAGR of 5.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Aircraft Type (Narrow-Body, Wide Body, Regional Aircraft, General Aviation, Military Aircraft); Type (Electric Brakes, Carbon Brakes, Steel Brakes); Fit Type (Line Fit, Retrofit). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Aircraft Brake Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Aircraft Brake Market Segmentation
Aircraft Type- Narrow-Body
- Wide Body
- Regional Aircraft
- General Aviation
- Military Aircraft
- Electric Brakes
- Carbon Brakes
- Steel Brakes
- Line Fit
- Retrofit
Strategic Insights
Aircraft Brake Market Growth Drivers- Growing Plane Production and Deliveries: The increasing number of planes/aircraft production and deliveries across different regions is driving the demand for aircraft turbofan engines. For instance, Airbus and Boeing collectively delivered more than 1260 commercial planes globally in 2023 that has driven the market for aircraft brakes specfically for line fit applications.
- MRO Industry Growth: The growing aircraft operations is generating the demand for replacements and repair of tires and brakes which is further driving the growth for aircraft brakes from the aftermarket perspective as well.
- Adoption of Electric Brakes: The increasing electrification of aircraft components is pushing the adoption of electric brakes among the end users.
- Adoption of Next Generation Aircraft Models: The adoption of next generation aircraft models such as B787 - series, B737NG, and Airbus 320 Series have been pushing the growth of aircraft brake market.
- Aircraft Expected Deliveries for Next Two Decades: In the next 2 decades more than ~40,000 commercial aircraft are expected to be delivered by the end of 2042 which will further drive the market for aircraft brakes in the coming years.
- Need for Military Aircraft: The growing demand for military aircraft due to increase in military budget of different countries and rising geopolitical tension is another major factor likely to generate new opportunities for aircraf brake market vendors in the coming years.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aircraft Brake Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Aircraft Brake Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Aircraft Brake Market is estimated to witness a CAGR of 5.7% from 2023 to 2031
The major factors driving the aircraft brake market are:
1. Growing Plane Production and Deliveries.
2. Growth of MRO Industry
Some of the major trends driving the aircraft brake market are:
1. Adoption of Electric Brakes
2. Demand for Next Generation Aircraft Models
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Brake Market - By Type
1.3.2 Aircraft Brake Market - By End-User
1.3.3 Aircraft Brake Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT BRAKE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AIRCRAFT BRAKE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AIRCRAFT BRAKE MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT BRAKE - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT BRAKE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AIRCRAFT BRAKE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ELECTRIC BRAKES
7.3.1. Overview
7.3.2. Electric Brakes Market Forecast and Analysis
7.4. CARBON BRAKES
7.4.1. Overview
7.4.2. Carbon Brakes Market Forecast and Analysis
7.5. STEEL BRAKES
7.5.1. Overview
7.5.2. Steel Brakes Market Forecast and Analysis
8. AIRCRAFT BRAKE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis
9. AIRCRAFT BRAKE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aircraft Brake Market Overview
9.1.2 North America Aircraft Brake Market Forecasts and Analysis
9.1.3 North America Aircraft Brake Market Forecasts and Analysis - By Type
9.1.4 North America Aircraft Brake Market Forecasts and Analysis - By End-User
9.1.5 North America Aircraft Brake Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aircraft Brake Market
9.1.5.1.1 United States Aircraft Brake Market by Type
9.1.5.1.2 United States Aircraft Brake Market by End-User
9.1.5.2 Canada Aircraft Brake Market
9.1.5.2.1 Canada Aircraft Brake Market by Type
9.1.5.2.2 Canada Aircraft Brake Market by End-User
9.1.5.3 Mexico Aircraft Brake Market
9.1.5.3.1 Mexico Aircraft Brake Market by Type
9.1.5.3.2 Mexico Aircraft Brake Market by End-User
9.2. EUROPE
9.2.1 Europe Aircraft Brake Market Overview
9.2.2 Europe Aircraft Brake Market Forecasts and Analysis
9.2.3 Europe Aircraft Brake Market Forecasts and Analysis - By Type
9.2.4 Europe Aircraft Brake Market Forecasts and Analysis - By End-User
9.2.5 Europe Aircraft Brake Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aircraft Brake Market
9.2.5.1.1 Germany Aircraft Brake Market by Type
9.2.5.1.2 Germany Aircraft Brake Market by End-User
9.2.5.2 France Aircraft Brake Market
9.2.5.2.1 France Aircraft Brake Market by Type
9.2.5.2.2 France Aircraft Brake Market by End-User
9.2.5.3 Italy Aircraft Brake Market
9.2.5.3.1 Italy Aircraft Brake Market by Type
9.2.5.3.2 Italy Aircraft Brake Market by End-User
9.2.5.4 United Kingdom Aircraft Brake Market
9.2.5.4.1 United Kingdom Aircraft Brake Market by Type
9.2.5.4.2 United Kingdom Aircraft Brake Market by End-User
9.2.5.5 Russia Aircraft Brake Market
9.2.5.5.1 Russia Aircraft Brake Market by Type
9.2.5.5.2 Russia Aircraft Brake Market by End-User
9.2.5.6 Rest of Europe Aircraft Brake Market
9.2.5.6.1 Rest of Europe Aircraft Brake Market by Type
9.2.5.6.2 Rest of Europe Aircraft Brake Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aircraft Brake Market Overview
9.3.2 Asia-Pacific Aircraft Brake Market Forecasts and Analysis
9.3.3 Asia-Pacific Aircraft Brake Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Aircraft Brake Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Aircraft Brake Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aircraft Brake Market
9.3.5.1.1 Australia Aircraft Brake Market by Type
9.3.5.1.2 Australia Aircraft Brake Market by End-User
9.3.5.2 China Aircraft Brake Market
9.3.5.2.1 China Aircraft Brake Market by Type
9.3.5.2.2 China Aircraft Brake Market by End-User
9.3.5.3 India Aircraft Brake Market
9.3.5.3.1 India Aircraft Brake Market by Type
9.3.5.3.2 India Aircraft Brake Market by End-User
9.3.5.4 Rest of Asia-Pacific Aircraft Brake Market
9.3.5.4.1 Rest of Asia-Pacific Aircraft Brake Market by Type
9.3.5.4.2 Rest of Asia-Pacific Aircraft Brake Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aircraft Brake Market Overview
9.4.2 Middle East and Africa Aircraft Brake Market Forecasts and Analysis
9.4.3 Middle East and Africa Aircraft Brake Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Aircraft Brake Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Aircraft Brake Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aircraft Brake Market
9.4.5.1.1 South Africa Aircraft Brake Market by Type
9.4.5.1.2 South Africa Aircraft Brake Market by End-User
9.4.5.2 Saudi Arabia Aircraft Brake Market
9.4.5.2.1 Saudi Arabia Aircraft Brake Market by Type
9.4.5.2.2 Saudi Arabia Aircraft Brake Market by End-User
9.4.5.3 U.A.E Aircraft Brake Market
9.4.5.3.1 U.A.E Aircraft Brake Market by Type
9.4.5.3.2 U.A.E Aircraft Brake Market by End-User
9.4.5.4 Rest of Middle East and Africa Aircraft Brake Market
9.4.5.4.1 Rest of Middle East and Africa Aircraft Brake Market by Type
9.4.5.4.2 Rest of Middle East and Africa Aircraft Brake Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aircraft Brake Market Overview
9.5.2 South and Central America Aircraft Brake Market Forecasts and Analysis
9.5.3 South and Central America Aircraft Brake Market Forecasts and Analysis - By Type
9.5.4 South and Central America Aircraft Brake Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Aircraft Brake Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aircraft Brake Market
9.5.5.1.1 Brazil Aircraft Brake Market by Type
9.5.5.1.2 Brazil Aircraft Brake Market by End-User
9.5.5.2 Argentina Aircraft Brake Market
9.5.5.2.1 Argentina Aircraft Brake Market by Type
9.5.5.2.2 Argentina Aircraft Brake Market by End-User
9.5.5.3 Rest of South and Central America Aircraft Brake Market
9.5.5.3.1 Rest of South and Central America Aircraft Brake Market by Type
9.5.5.3.2 Rest of South and Central America Aircraft Brake Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AIRCRAFT BRAKE MARKET, KEY COMPANY PROFILES
11.1. AVIATION BRAKE SERVICE INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAUER, INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COLLINS AEROSPACE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CRANE AEROSPACE AND ELECTRONICS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HONEYWELL INTERNATIONAL INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LUFTHANSA TECHNIK AG
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MATCO MANUFACTURING INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MEGGITT PLC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PARKER HANNIFIN CORP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SAFRAN SA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AVIATION BRAKE SERVICE INC.
2. Bauer, Inc
3. Collins Aerospace
4. Crane Aerospace and Electronics
5. Honeywell International Inc.
6. Lufthansa Technik AG
7. Matco Manufacturing Inc.
8. Meggitt Plc.
9. PARKER HANNIFIN CORP
10. Safran SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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