Commercial Aircraft Carbon Brakes Market Size, Share, Growth, and Industry Analysis by Type (Pitch, Polyacrylonitrile), by Application (Regional Jets, Wide-Body Aircraft, Narrow-Body Aircraft), Regional Insights, and Forecast To 2032

Updated On: 06 May 2024

COMMERCIAL AIRCRAFT CARBON BRAKES MARKET REPORT OVERVIEW

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global commercial aircraft carbon brakes market size was USD 1592.3 million in 2022 and market to touch USD 2124.23 million by 2032 at CAGR 2.9% during the forecast period.

Commercial aircraft carbon brakes refer to the braking systems installed in commercial airplanes that utilize carbon composite materials. Commercial aircraft carbon brakes can significantly reduce weight. This makes the aircraft lighter, reduces fuel consumption, and significantly reduces engine emissions. Carbon brakes help stop a moving aircraft by exploiting friction between the rotating and stationary discs. These brakes are durable and resistant against high temperature, thermal shock and mechanical fatigue. Improvements in the manufacturing and overhaul procedures have reduced the overall cost of carbon brakes, which is expanding their applications in small, short-haul commercial aircraft.

Advantages associated with carbon brakes, such as long service intervals, low maintenance costs, high energy absorption and fast cooling rates, are increasing their adoption over conventional brakes. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

COMMERCIAL AIRCRAFT CARBON BRAKES MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into pitch, polyacrylonitrile

Pitch will capture the maximum market share through forecast period.  

Pitch - are made from pitch, a viscous liquid derived from distilling coal tar or petroleum. Pitch is carbonized and graphitized to create high-strength and high-thermal-conductivity carbon fibers, which are then used in brake discs.

Polyacrylonitrile - These brakes use carbon fibers made from polyacrylonitrile, a synthetic polymer. PAN-based carbon fibers are known for their high strength and stiffness.

• By Application Analysis

According to application, the market can be segmented into regional jets, wide-body aircraft, narrow- body aircraft

Commercial aircraft carbon brakes market players cover segment as regional jets will dominate the market share during forecast period.

Regional jets - Regional jets require reliable and efficient braking systems, but the performance demands are generally lower than for larger aircraft. Pitch-based brakes might be more common due to their cost-effectiveness.

Wide-body aircraft - Wide-body aircraft require robust, high-performance braking systems to handle the higher landing speeds and weights. PAN-based carbon brakes are often preferred for their superior strength and thermal stability.

Narrow- body aircraft – They need efficient and reliable brakes that offer a good balance between performance and cost. Both pitch and PAN-based brakes might be used, depending on the specific requirements and budget.

DRIVING FACTORS

"Growing Air Travels To Boost The Market Growth"

The increasing number of air passengers universally is driving the demand for commercial aircraft carbon brakes. As air travel becomes more accessible and affordable airlines are expanding their fleets leading to a higher demand for advanced braking systems.

Technological Advancement and Innovation To Upsurge The Market

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the commercial aircraft carbon brakes market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Continuous improvements and innovations in carbon brake technology enhance their performance and reliability, making them more attractive to aircraft manufacturers and airlines.

RESTRAINING FACTOR

"High Initial Cost To Hamper The Market Growth"

The initial investment required for implementing is higher as compared to traditional steel brakes, which can be a deterrent for some airlines, especially those in regions with less stringent efficiency and environmental regulations. Technical difficulties will reduce the industry revenue.

COMMERCIAL AIRCRAFT CARBON BRAKES MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Region Due To Growing Number Of Air Passengers"

"The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa. "

Asia Pacific is further expected to witness growth in the commercial aircraft carbon brakes market share. The region is dominating the market due to growing number of air passengers. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Honeywell International (U.S.)
• Meggitt (U.K.)
• UTC Aerospace Systems (U.S.)
• Airbus SAS (France)
• Mitsubishi Heavy Industries (Japan)

INDUSTRIAL DEVELOPMENT

August 2023: Boeing recognized 12 of its top-performing global suppliers at its 2023 Supplier of the Year event. The suppliers were celebrated for driving a stable, predictable production system that contributes to Boeing’s safety, quality, sustainability and delivery commitments to customers.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.