Aircraft Carbon Brake Disc Market REPORT OVERVIEW
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The global aircraft carbon brake disc market size was USD 1023.7 million in 2021 and is projected to touch USD 2832.38 million by 2031, at CAGR of 10.7% during the forecast period.
The aircraft carbon brake disc is typically employed to slow down the aircraft during the landing. It is required for an aircraft's protection and directional guidance during ground operations such as taxiing, landing, and takeoff. The aircraft carbon brake with discs is standard equipment in light aircraft. The landing gear axle is connected to a non-rotating caliper that facilitates in the application of brakes on both sides of the discs during friction. These factors are likely to boost its adoption
The increase in air passenger traffic, rising disposable incomes, more corporate travel, and the simple availability of internet travel bookings are expected to fuel the market growth. In addition, increased international trade and rising demand for high-performance brakes in commercial aircraft are propelling the market. Furthermore, as environmental concerns develop, governments throughout the world are imposing stronger controls on greenhouse gas emissions from the aviation industry, which is expected to drive the aircraft carbon brake disc market progress.
COVID-19 Impact: Halt on Manufacturing and Stringent Lockdown Regulations to Hinder Industry Growth
The COVID-19 pandemic has an influence on the entire ecosystem, resulting in a major demand and supply gap, production issues, and weak consumption patterns for end products across industries. Limitations on various market developments are expanding as the number of covid cases rises. As the global economy confronts the pandemic, the impact on the global exchange and store network is becoming clear from the rapid debilitation of global speculating channels. Severe regulation measures imposed by governments around the world, preventive steps to reduce the impact of incidence, have resulted in a significant constraint in transportation, putting a damper on global influence. By far the most essential factor affecting the technology automation business in 2020 is COVID-19. It's a test run for a company's ability to deal with major shocks and financial crises.
LATEST TRENDS
"Increasing Demand for Commercial Aircraft to Foster Market Growth"
The expansion of the global aircraft carbon brake disc market is expected to be aided by an increase in commercial aircraft operations in both developed and developing countries, with developing countries handling the majority of global aerospace operations. Additionally, a major market development is the introduction of Green Aircraft Taxiing Systems. The movement of an aircraft on the ground using its engine power is referred to as aircraft taxiing. This process consumes a lot more fuel, and most planes use roughly 600 gallons each day while taxiing for an average of 3.5 hours. As a result, numerous firms have tried to create alternative hybrid or electrically powered techniques to avoid excess fuel usage and emissions during aircraft taxiing. Furthermore, the focus on the majority of developing countries is expected to lead air traffic, which will benefit market players. In addition, demand for luxury and premium airplane rides has increased dramatically, which is expected to promote aircraft carbon brake disc market development.
Aircraft Carbon Brake Disc Market Segmentation
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- By Type Analysis
By type, the market is segmented into OEMs and aftermarket.
OEM is the leading segment because of its adoption in passenger cars. Noise, dust, stopping ability, and wear are among factors that vehicle manufacturers consider when selecting their preferred type of brake discs. Low noise and dust, good stopping force, and a long life are the ideal mix of these features. These factors are likely to boost the OEM segment.
- By Application Analysis
Based on applications, the market is classified into the commercial brake disc and military brake disc
The commercial brake disc is expected to hold the largest market share as passenger cars and disc brakes are commonly employed. They are increasingly being used on commercial vehicles as well, because of their consistent braking force at high speeds and resistance to brake fade.
DRIVING FACTORS
"Increase in Aerial Operations to Enhance Market Expansion"
Commercial aircrafts are expanding and launching new routes to enhance their market share. As a result, there was a surge in demand for new aircrafts and air travel. Furthermore, the huge prominence of low-cost carriers in emerging nations has boosted single-aisle aircraft sales over time. In addition, there has been an increase in demand for wide-body aircraft for longer routes. Moreover, new brakes are projected to be in high demand when new aircrafts are purchased. Furthermore, aircraft wheels are more prone to higher friction force, resulting in a high amount of impact force on landing. This necessitates the replacement of commercial aircraft brakes every 200 landings to avoid accidents caused by brake wear and tear. This factor is projected to help the aircraft carbon brake disc market growth.
"Increasing Demand for Advanced Features to Stimulate Growth "
To meet market demand, airlines all over the world are requesting new aircrafts with modern technologies. In addition, the aircraft industry is producing airplanes with new technologies and components to provide clients with improved services and luxury. As a result, the demand for aircraft carbon brake disc systems develops in parallel with the demand for aircraft. The demand for technological enhancements in the current aircraft carbon brake disc system has fueled the growth of the market. Furthermore, the demand for a lighter aircraft brake system is propelling the aircraft carbon brake disc market, which is expected to grow in the coming years.
RESTRAINING FACTORS
"Fluctuations in Raw Material Pricing and Environmental Concerns to Impede Market Growth"
Because of aircraft carbon brake disc’s increasing popularity in recent years, the market is expected to develop significantly throughout the forecast period. Furthermore, the study specifies that the largest market share is held by the leading players and provides a thorough assessment of the industry's growing investment pocket. However, the market's expansion is projected to be limited by strict regulatory regulations and fluctuating raw material prices.
Aircraft Carbon Brake Disc Market REGIONAL INSIGHTS
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"Increasing R&D Activities to Promote Growth in North America"
Regionally, the market is clubbed into North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America, and Asia Pacific.
North America is projected to dominate the aircraft carbon brake disc market share because of the presence of major producers of airplane components such as brakes and wheels in the region. Furthermore, growing research and development investments for the development and implementation of electrically operated braking systems in lightweight aircraft is expected to propel the airplane brake system market.
Asia Pacific is the second-largest market shareholder to expand at a prominent growth rate due to the increased passenger movement and rising investments in defense infrastructures in developing countries such as the UAE, China, and India. Moreover, the commercial aircraft segment is expected to occupy a significant proportion of the market.
KEY INDUSTRY PLAYERS
"Manufacturers Focus on R&D Investments to Strengthen their Position"
The intensity of competition among the players is great due to the presence of a few players. These companies should be able to further expand their market domination due to the new aircraft programs. Steel brakes on older aircraft models are being replaced with carbon brakes, which are lighter. The aftermarket for carbon brakes has a greater growth potential as it accounts for a sizable portion of the commercial aircraft carbon brake disc market's total revenue. This factor may incite companies to invest heavily in the aftermarket services to boost their brand image.
INDUSTRY DEVELOPMENT-
- November 2020: TRW (ZF's aftermarket brand) product offering for the autonomous aftermarket was developed in the two-piece brake disc segment. These brake discs are now available for a number of Mercedes-Benz C- and E-Class cars as well. In mid-2021, new references for the Stuttgart luxury company's S-Class and GLC vehicles will be released.
List of Market Players Profiled
- Safran
- Meggitt
- Honeywell
- UTC Aerospace Systems
- Xi’an Aviation Brake Technology
- Chaoma Technology
- Rubin Aviation Corporation JSC
- Hunan Boyun New Materials
- Beijing Beimo Gaoke Friction Material
- Yantai Luhang Carbon Materials
- SGL Group
- Lantai Aviation Equipment
- Mersen
- Beijing Baimtec Material
REPORT COVERAGE
This report provides an analytical portrayal of the market industry, current trends and future forecasts, to identify potential investment opportunities. The study includes data on major drivers, restraints, and opportunities, complete analysis of the market share of the aircraft carbon brake discs. Porter's five forces analysis depicts the market's strength of buyers and providers. The research includes an analysis of the aircraft carbon brake disc market based on competitive intensity and how the competition will shape out in the coming years.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1023.7 Million in 2021 |
Market Size Value By |
US$ 2832.38 Million by 2031 |
Growth Rate |
CAGR of 10.7% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What was the value of the aircraft carbon brake disc market in 2031?
The aircraft carbon brake disc market value in was USD 2832.38 million in 2031.
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What CAGR is the aircraft carbon brake disc market expected to exhibit by 2031?
The global aircraft carbon brake disc market is expected to exhibit a CAGR of 10.7% by 2031.
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Which are the driving factors of the aircraft carbon brake disc market?
Increase in aerial operations and demand for advanced features are the factors driving the aircraft carbon brake disc market.
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Which is the leading region of the aircraft carbon brake disc market?
North America is the leading region of the aircraft carbon brake disc market because of the presence of several major players in the region.
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Which are the top companies operating in the aircraft carbon brake disc market?
Safran, Meggitt, Honeywell, UTC Aerospace Systems, Xi’an Aviation Brake Technology, Chaoma Technology, Rubin Aviation Corporation JSC are the top companies operating in the aircraft carbon brake disc market.