Aircraft Braking System Market SWOT Analysis by 2031
The Aircraft Braking System Market is expected to register a CAGR of 3.9% 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 (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles); Fit Type (Line Fit, Retrofit); Actuation (Power Brake, Boosted Brake, Independent Brake); Component (Brake Discs, Brake Housing, Valves, Actuators, Accumulator, Electronics, Others). 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 Braking System 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 Braking System Market Segmentation
Aircraft Type- Fixed Wing
- Rotary Wing
- Unmanned Aerial Vehicles
- Line Fit
- Retrofit
- Power Brake
- Boosted Brake
- Independent Brake
- Brake Discs
- Brake Housing
- Valves
- Actuators
- Accumulator
- Electronics
- Others
- Brake Discs
- Brake Housing
- Valves
- Actuators
- Accumulator
- Electronics
- Others
Strategic Insights
Aircraft Braking System Market Growth Drivers- Aircraft Fleet Growth: The increasing fleet of commercial and military aircraft through procurements is one of the major factors propelling the growth of aircraft braking system market.
- Increasing Emphasis on Safety and Performance: A major driver for the aircraft braking systems market is the increasing emphasis on safety and performance in aviation operations. As airlines and manufacturers prioritize passenger and crew safety during critical phases such as landing, takeoff, and taxiing, there is a growing demand for advanced braking systems that offer enhanced reliability and performance. This trend is pushing manufacturers to innovate and improve braking technologies, leading to a robust market for sophisticated braking solutions that meet stringent safety standards.
- Expansion of Global Airline Fleets: The expansion of global airline fleets is another significant driver for the aircraft braking systems market. With the rising demand for air travel, airlines are investing in new aircraft to accommodate increasing passenger and cargo needs. This growth in fleet size necessitates the production and installation of advanced braking systems in new aircraft, as well as the maintenance and replacement of braking components in existing fleets. As aircraft manufacturers ramp up production to meet this demand, the market for braking systems is expected to grow correspondingly
- Modernization of Military Aircraft:The modernization of military aircraft is also driving demand for advanced braking systems. As defense budgets expand globally, military forces are upgrading their fleets with new technologies that require robust
- Increasing Demand for Air Travel and Airline Fleet Expansion: The growing demand for air travel and the subsequent expansion of the global airline fleet are major drivers for the aircraft braking systems market. As airlines acquire more aircraft to meet the rising passenger and cargo transportation needs, there is a corresponding increase in the demand for reliable and advanced braking systems. This trend is further supported by the introduction of new aircraft models and the replacement of older fleets, which require the installation of cutting-edge braking technologies.
- Focus on Passenger and Crew Safety: The aerospace industry's heightened focus on passenger and crew safety during critical phases of flight, such as landing, takeoff, and taxiing, is a significant driver for the aircraft braking systems market. Regulatory bodies and aircraft manufacturers are emphasizing the development and adoption of more robust, responsive, and reliable braking systems to enhance overall safety and reduce the risk of accidents. This trend is driving investments in advanced braking technologies, including electronic brake control systems and carbon-based brake discs, to meet the industry's stringent safety standards.
- Integration of Advanced Technologies: The integration of advanced technologies into aircraft braking systems presents a significant opportunity for market growth. Innovations such as electronic brake control systems, anti-skid systems, and smart materials can enhance the performance and reliability of braking systems. As manufacturers seek to improve safety and efficiency, the development of these advanced braking technologies can lead to new product offerings and increased market share for companies that invest in research and development.
- Growth in Unmanned Aerial Vehicles (UAVs): The rising adoption of unmanned aerial vehicles (UAVs) across various sectors, including military, commercial, and civil applications, creates a robust opportunity for the aircraft braking systems market. As UAVs become more prevalent, there is a growing need for specialized braking systems that can accommodate their unique operational requirements. This segment is expected to accelerate rapidly, providing manufacturers with the chance to develop tailored braking solutions for this emerging market.
- Focus on Sustainability and Eco-Friendly Solutions: The aerospace industry's increasing focus on sustainability and eco-friendly solutions offers a promising opportunity for the aircraft braking systems market. As airlines and manufacturers strive to reduce their environmental impact, there is a demand for braking systems that are not only efficient but also made from sustainable materials. Developing lightweight, recyclable, and energy-efficient braking systems can position companies favorably in a market that is increasingly prioritizing environmental responsibility, thus attracting eco-conscious customers and stakeholders.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aircraft Braking System 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 Braking System 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.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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 Braking System Market is estimated to witness a CAGR of 3.9% from 2023 to 2031
The major factors driving the aircraft braking system market are:
1. Aircraft Fleet Growth
2. Growing Aircraft MRO Sector
Some of the major trends driving the aircraft braking system market are:
1. Technological Innovations in Aircraft Brake Components
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 Braking System Market - By Aircraft Type
1.3.2 Aircraft Braking System Market - By Fit Type
1.3.3 Aircraft Braking System Market - By Actuation
1.3.4 Aircraft Braking System Market - By Component
1.3.5 Aircraft Braking System Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT BRAKING SYSTEM 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 BRAKING SYSTEM 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 AND RESTRAINTS
6. AIRCRAFT BRAKING SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT BRAKING SYSTEM - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT BRAKING SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AIRCRAFT BRAKING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT TYPE
7.1. OVERVIEW
7.2. AIRCRAFT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIXED WING
7.3.1. Overview
7.3.2. Fixed Wing Market Forecast and Analysis
7.4. ROTARY WING
7.4.1. Overview
7.4.2. Rotary Wing Market Forecast and Analysis
7.5. UNMANNED AERIAL VEHICLES
7.5.1. Overview
7.5.2. Unmanned Aerial Vehicles Market Forecast and Analysis
8. AIRCRAFT BRAKING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - FIT TYPE
8.1. OVERVIEW
8.2. FIT TYPE MARKET FORECASTS AND ANALYSIS
8.3. LINE FIT
8.3.1. Overview
8.3.2. Line Fit Market Forecast and Analysis
8.4. RETROFIT
8.4.1. Overview
8.4.2. Retrofit Market Forecast and Analysis
9. AIRCRAFT BRAKING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - ACTUATION
9.1. OVERVIEW
9.2. ACTUATION MARKET FORECASTS AND ANALYSIS
9.3. POWER BRAKE
9.3.1. Overview
9.3.2. Power Brake Market Forecast and Analysis
9.4. BOOSTED BRAKE
9.4.1. Overview
9.4.2. Boosted Brake Market Forecast and Analysis
9.5. INDEPENDENT BRAKE
9.5.1. Overview
9.5.2. Independent Brake Market Forecast and Analysis
10. AIRCRAFT BRAKING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
10.1. OVERVIEW
10.2. COMPONENT MARKET FORECASTS AND ANALYSIS
10.3. WHEELS
10.3.1. Overview
10.3.2. Wheels Market Forecast and Analysis
10.4. BRAKE DISCS
10.4.1. Overview
10.4.2. Brake Discs Market Forecast and Analysis
10.5. BRAKE HOUSING
10.5.1. Overview
10.5.2. Brake Housing Market Forecast and Analysis
10.6. VALVES
10.6.1. Overview
10.6.2. Valves Market Forecast and Analysis
10.7. ACTUATORS
10.7.1. Overview
10.7.2. Actuators Market Forecast and Analysis
10.8. ACCUMULATOR
10.8.1. Overview
10.8.2. Accumulator Market Forecast and Analysis
10.9. ELECTRONICS
10.9.1. Overview
10.9.2. Electronics Market Forecast and Analysis
11. AIRCRAFT BRAKING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Aircraft Braking System Market Overview
11.1.2 North America Aircraft Braking System Market Forecasts and Analysis
11.1.3 North America Aircraft Braking System Market Forecasts and Analysis - By Aircraft Type
11.1.4 North America Aircraft Braking System Market Forecasts and Analysis - By Fit Type
11.1.5 North America Aircraft Braking System Market Forecasts and Analysis - By Actuation
11.1.6 North America Aircraft Braking System Market Forecasts and Analysis - By Component
11.1.7 North America Aircraft Braking System Market Forecasts and Analysis - By Countries
11.1.7.1 United States Aircraft Braking System Market
11.1.7.1.1 United States Aircraft Braking System Market by Aircraft Type
11.1.7.1.2 United States Aircraft Braking System Market by Fit Type
11.1.7.1.3 United States Aircraft Braking System Market by Actuation
11.1.7.1.4 United States Aircraft Braking System Market by Component
11.1.7.2 Canada Aircraft Braking System Market
11.1.7.2.1 Canada Aircraft Braking System Market by Aircraft Type
11.1.7.2.2 Canada Aircraft Braking System Market by Fit Type
11.1.7.2.3 Canada Aircraft Braking System Market by Actuation
11.1.7.2.4 Canada Aircraft Braking System Market by Component
11.1.7.3 Mexico Aircraft Braking System Market
11.1.7.3.1 Mexico Aircraft Braking System Market by Aircraft Type
11.1.7.3.2 Mexico Aircraft Braking System Market by Fit Type
11.1.7.3.3 Mexico Aircraft Braking System Market by Actuation
11.1.7.3.4 Mexico Aircraft Braking System Market by Component
11.2. EUROPE
11.2.1 Europe Aircraft Braking System Market Overview
11.2.2 Europe Aircraft Braking System Market Forecasts and Analysis
11.2.3 Europe Aircraft Braking System Market Forecasts and Analysis - By Aircraft Type
11.2.4 Europe Aircraft Braking System Market Forecasts and Analysis - By Fit Type
11.2.5 Europe Aircraft Braking System Market Forecasts and Analysis - By Actuation
11.2.6 Europe Aircraft Braking System Market Forecasts and Analysis - By Component
11.2.7 Europe Aircraft Braking System Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Aircraft Braking System Market
11.2.7.1.1 Germany Aircraft Braking System Market by Aircraft Type
11.2.7.1.2 Germany Aircraft Braking System Market by Fit Type
11.2.7.1.3 Germany Aircraft Braking System Market by Actuation
11.2.7.1.4 Germany Aircraft Braking System Market by Component
11.2.7.2 France Aircraft Braking System Market
11.2.7.2.1 France Aircraft Braking System Market by Aircraft Type
11.2.7.2.2 France Aircraft Braking System Market by Fit Type
11.2.7.2.3 France Aircraft Braking System Market by Actuation
11.2.7.2.4 France Aircraft Braking System Market by Component
11.2.7.3 Italy Aircraft Braking System Market
11.2.7.3.1 Italy Aircraft Braking System Market by Aircraft Type
11.2.7.3.2 Italy Aircraft Braking System Market by Fit Type
11.2.7.3.3 Italy Aircraft Braking System Market by Actuation
11.2.7.3.4 Italy Aircraft Braking System Market by Component
11.2.7.4 United Kingdom Aircraft Braking System Market
11.2.7.4.1 United Kingdom Aircraft Braking System Market by Aircraft Type
11.2.7.4.2 United Kingdom Aircraft Braking System Market by Fit Type
11.2.7.4.3 United Kingdom Aircraft Braking System Market by Actuation
11.2.7.4.4 United Kingdom Aircraft Braking System Market by Component
11.2.7.5 Russia Aircraft Braking System Market
11.2.7.5.1 Russia Aircraft Braking System Market by Aircraft Type
11.2.7.5.2 Russia Aircraft Braking System Market by Fit Type
11.2.7.5.3 Russia Aircraft Braking System Market by Actuation
11.2.7.5.4 Russia Aircraft Braking System Market by Component
11.2.7.6 Rest of Europe Aircraft Braking System Market
11.2.7.6.1 Rest of Europe Aircraft Braking System Market by Aircraft Type
11.2.7.6.2 Rest of Europe Aircraft Braking System Market by Fit Type
11.2.7.6.3 Rest of Europe Aircraft Braking System Market by Actuation
11.2.7.6.4 Rest of Europe Aircraft Braking System Market by Component
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Aircraft Braking System Market Overview
11.3.2 Asia-Pacific Aircraft Braking System Market Forecasts and Analysis
11.3.3 Asia-Pacific Aircraft Braking System Market Forecasts and Analysis - By Aircraft Type
11.3.4 Asia-Pacific Aircraft Braking System Market Forecasts and Analysis - By Fit Type
11.3.5 Asia-Pacific Aircraft Braking System Market Forecasts and Analysis - By Actuation
11.3.6 Asia-Pacific Aircraft Braking System Market Forecasts and Analysis - By Component
11.3.7 Asia-Pacific Aircraft Braking System Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Aircraft Braking System Market
11.3.7.1.1 Australia Aircraft Braking System Market by Aircraft Type
11.3.7.1.2 Australia Aircraft Braking System Market by Fit Type
11.3.7.1.3 Australia Aircraft Braking System Market by Actuation
11.3.7.1.4 Australia Aircraft Braking System Market by Component
11.3.7.2 China Aircraft Braking System Market
11.3.7.2.1 China Aircraft Braking System Market by Aircraft Type
11.3.7.2.2 China Aircraft Braking System Market by Fit Type
11.3.7.2.3 China Aircraft Braking System Market by Actuation
11.3.7.2.4 China Aircraft Braking System Market by Component
11.3.7.3 India Aircraft Braking System Market
11.3.7.3.1 India Aircraft Braking System Market by Aircraft Type
11.3.7.3.2 India Aircraft Braking System Market by Fit Type
11.3.7.3.3 India Aircraft Braking System Market by Actuation
11.3.7.3.4 India Aircraft Braking System Market by Component
11.3.7.4 Japan Aircraft Braking System Market
11.3.7.4.1 Japan Aircraft Braking System Market by Aircraft Type
11.3.7.4.2 Japan Aircraft Braking System Market by Fit Type
11.3.7.4.3 Japan Aircraft Braking System Market by Actuation
11.3.7.4.4 Japan Aircraft Braking System Market by Component
11.3.7.5 South Korea Aircraft Braking System Market
11.3.7.5.1 South Korea Aircraft Braking System Market by Aircraft Type
11.3.7.5.2 South Korea Aircraft Braking System Market by Fit Type
11.3.7.5.3 South Korea Aircraft Braking System Market by Actuation
11.3.7.5.4 South Korea Aircraft Braking System Market by Component
11.3.7.6 Rest of Asia-Pacific Aircraft Braking System Market
11.3.7.6.1 Rest of Asia-Pacific Aircraft Braking System Market by Aircraft Type
11.3.7.6.2 Rest of Asia-Pacific Aircraft Braking System Market by Fit Type
11.3.7.6.3 Rest of Asia-Pacific Aircraft Braking System Market by Actuation
11.3.7.6.4 Rest of Asia-Pacific Aircraft Braking System Market by Component
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Aircraft Braking System Market Overview
11.4.2 Middle East and Africa Aircraft Braking System Market Forecasts and Analysis
11.4.3 Middle East and Africa Aircraft Braking System Market Forecasts and Analysis - By Aircraft Type
11.4.4 Middle East and Africa Aircraft Braking System Market Forecasts and Analysis - By Fit Type
11.4.5 Middle East and Africa Aircraft Braking System Market Forecasts and Analysis - By Actuation
11.4.6 Middle East and Africa Aircraft Braking System Market Forecasts and Analysis - By Component
11.4.7 Middle East and Africa Aircraft Braking System Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Aircraft Braking System Market
11.4.7.1.1 South Africa Aircraft Braking System Market by Aircraft Type
11.4.7.1.2 South Africa Aircraft Braking System Market by Fit Type
11.4.7.1.3 South Africa Aircraft Braking System Market by Actuation
11.4.7.1.4 South Africa Aircraft Braking System Market by Component
11.4.7.2 Saudi Arabia Aircraft Braking System Market
11.4.7.2.1 Saudi Arabia Aircraft Braking System Market by Aircraft Type
11.4.7.2.2 Saudi Arabia Aircraft Braking System Market by Fit Type
11.4.7.2.3 Saudi Arabia Aircraft Braking System Market by Actuation
11.4.7.2.4 Saudi Arabia Aircraft Braking System Market by Component
11.4.7.3 U.A.E Aircraft Braking System Market
11.4.7.3.1 U.A.E Aircraft Braking System Market by Aircraft Type
11.4.7.3.2 U.A.E Aircraft Braking System Market by Fit Type
11.4.7.3.3 U.A.E Aircraft Braking System Market by Actuation
11.4.7.3.4 U.A.E Aircraft Braking System Market by Component
11.4.7.4 Rest of Middle East and Africa Aircraft Braking System Market
11.4.7.4.1 Rest of Middle East and Africa Aircraft Braking System Market by Aircraft Type
11.4.7.4.2 Rest of Middle East and Africa Aircraft Braking System Market by Fit Type
11.4.7.4.3 Rest of Middle East and Africa Aircraft Braking System Market by Actuation
11.4.7.4.4 Rest of Middle East and Africa Aircraft Braking System Market by Component
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Aircraft Braking System Market Overview
11.5.2 South and Central America Aircraft Braking System Market Forecasts and Analysis
11.5.3 South and Central America Aircraft Braking System Market Forecasts and Analysis - By Aircraft Type
11.5.4 South and Central America Aircraft Braking System Market Forecasts and Analysis - By Fit Type
11.5.5 South and Central America Aircraft Braking System Market Forecasts and Analysis - By Actuation
11.5.6 South and Central America Aircraft Braking System Market Forecasts and Analysis - By Component
11.5.7 South and Central America Aircraft Braking System Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Aircraft Braking System Market
11.5.7.1.1 Brazil Aircraft Braking System Market by Aircraft Type
11.5.7.1.2 Brazil Aircraft Braking System Market by Fit Type
11.5.7.1.3 Brazil Aircraft Braking System Market by Actuation
11.5.7.1.4 Brazil Aircraft Braking System Market by Component
11.5.7.2 Rest of South and Central America Aircraft Braking System Market
11.5.7.2.1 Rest of South and Central America Aircraft Braking System Market by Aircraft Type
11.5.7.2.2 Rest of South and Central America Aircraft Braking System Market by Fit Type
11.5.7.2.3 Rest of South and Central America Aircraft Braking System Market by Actuation
11.5.7.2.4 Rest of South and Central America Aircraft Braking System Market by Component
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AIRCRAFT BRAKING SYSTEM MARKET, KEY COMPANY PROFILES
13.1. BERINGER
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CRANE AEROSPACE AND ELECTRONICS
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GROVE AIRCRAFT LANDING GEAR SYSTEMS INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. HONEYWELL INTERNATIONAL INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. JAY-EM AEROSPACE
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. LUFTHANSA TECHNIK
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MATCO MFG
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MEGGITT PLC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. PARKER HANNIFIN CORP
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SAFRAN
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. BERINGER
2. Crane Aerospace and Electronics
3. Grove Aircraft Landing Gear Systems Inc.
4. Honeywell International Inc.
5. Jay-Em Aerospace
6. Lufthansa Technik
7. MATCO mfg
8. Meggitt PLC
9. PARKER HANNIFIN CORP
10. Safran
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.