Global Aircraft braking systems market size in 2022 was USD 11,600 million, market value to grow to USD 17,700 Million by 2032 at 4.4% CAGR as per Acumen Research and Consulting
Comprehensive Insights into the Aircraft Braking Systems Market: Diverse Applications, Market Segments, Dynamics, Challenges, and Leading Players
The global aircraft braking systems market is witnessing substantial growth, driven by the increasing demand for air travel, advancements in aviation technology, and the need for enhanced safety measures. This article offers an in-depth look into the current landscape of the aircraft braking systems market, exploring its unique applications, market segmentation, key market dynamics, challenges, regional overview, and leading market players.
Market Overview
Aircraft braking systems play a crucial role in the safety and efficiency of aircraft operations. They are responsible for decelerating and stopping an aircraft during landing, maintaining its position on the ground, and managing its speed during taxiing. The aircraft braking systems market encompasses a wide range of technologies, including mechanical, hydraulic, and electric systems, which cater to diverse applications across the aviation industry.
Market Segmentation
The aircraft braking systems market can be segmented based on product type, application, and end-user. Product types include carbon brakes, steel brakes, and electric brakes. Applications range from commercial aviation, military aviation, and general aviation to unmanned aerial vehicles (UAVs). End-users consist of original equipment manufacturers (OEMs), aftermarket providers, and maintenance, repair, and overhaul (MRO) organizations.
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Market Dynamics
- Technological Advancements: The development of innovative braking systems, such as electric and regenerative braking, has spurred market growth by offering enhanced efficiency, reduced weight, and lower maintenance costs.
- Regulatory Compliance: Stringent safety regulations and certification requirements in the aviation industry have driven the demand for high-performance, reliable braking systems.
- Growing Demand for Lightweight Materials: The increasing focus on reducing aircraft weight to improve fuel efficiency has led to the adoption of lightweight materials, such as carbon composites, in braking systems.
- Expanding Fleet Sizes: The growth in global air travel has necessitated the expansion of commercial and military aircraft fleets, thereby driving the demand for aircraft braking systems.
- Emergence of Electric and Hybrid Aircraft: The rising interest in electric and hybrid aircraft to reduce emissions and operating costs has generated new opportunities for the development of specialized braking systems for these platforms.
Market Challenges
- High Production Costs: The development and manufacturing of advanced braking systems often entail significant investments, resulting in higher production costs.
- Maintenance and Replacement Costs: Aircraft braking systems require regular maintenance and replacement, which can be expensive, particularly for advanced carbon brakes.
- Supply Chain Disruptions: The global aircraft braking systems market faces potential disruptions in the supply chain due to geopolitical tensions, trade restrictions, and pandemics.
- Environmental Concerns: The use of certain materials in braking systems, such as chromium and cadmium, raises environmental concerns and may lead to stricter regulations.
- Intellectual Property Protection: The protection of proprietary technologies and designs in the highly competitive aircraft braking systems market can be challenging.
Market Regional Overview
North America leads the global aircraft braking systems market, primarily due to its strong aviation industry, significant investments in research and development, and the presence of major market players. Europe follows closely, driven by its robust aerospace sector and the adoption of advanced technologies. The Asia-Pacific region is expected to witness rapid growth in the coming years, owing to its expanding aviation industry, increasing air travel demand, and growing investments in aerospace infrastructure.
Leading Market Players
- Honeywell International Inc.
- Safran Landing Systems
- Meggitt PLC
- Collins Aerospace
- Parker Hannifin Corp
- Crane Aerospace & Electronics
- GE Company
- BERINGER AERO
- @Grove Aircraft Landing Gear Systems Inc.
- @Matco Manufacturing Inc.
- NMG Aerospace
- RAPCO, Inc.
- SPP Canada Aircraft, Inc. (SPPCA)
- @Technodinamika Holding JSC
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Aircraft Braking Systems market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Aircraft Braking Systems market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the Aircraft Braking Systems market size by players, by Type, and by Application, for the period 2016-2027.
The key players include the global and local players which play important roles in United States.Segment by Type Aircraft Disc Brakes Thrust Reversers Air BrakesDownload FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-united-states-aircraft-braking-systems-2027-745 Segment by Application Civil Aviation Military By Region North America U.S. Canada Europe Germany France U.K. Italy Russia Asia-Pacific China Japan South Korea India Australia Taiwan Indonesia Thailand Malaysia Philippines Vietnam Latin America Mexico Brazil Argentina Middle East & Africa Turkey Saudi Arabia U.A.EBy Company Knorr Bremse Wabco Haldex Merito Rapco Fleet Support Meggitt UTC Aerospace Systems Revolvy Parker Honeywell Aerospace Safran Landing Systems TAE AerospaceGet the Complete Report & TOC @ https://www.grandresearchstore.com/automotive-and-transportation/global-united-states-aircraft-braking-systems-2027-745Table of content1 Study Coverage1.1 Aircraft Braking Systems Product Introduction1.2 Market by Type1.2.1 Global Aircraft Braking Systems Market Size Growth Rate by Type1.2.2 Aircraft Disc Brakes1.2.3 Thrust Reversers1.2.4 Air Brakes1.3 Market by Application1.3.1 Global Aircraft Braking Systems Market Size Growth Rate by Application1.3.2 Civil Aviation1.3.3 Military1.4 Study Objectives1.5 Years Considered2 Executive Summary2.1 Global Aircraft Braking Systems Market Size, Estimates and Forecasts2.1.1 Global Aircraft Braking Systems Revenue 2016-20272.1.2 Global Aircraft Braking Systems Sales 2016-20272.2 Global Aircraft Braking Systems, Market Size by Region: 2016 VS 2021 VS 20272.3 Aircraft Braking Systems Historical Market Size by Region (2016-2021)2.3.1 Global Aircraft Braking Systems Retrospective Market Scenario in Sales by Region: 2016-20212.3.2 Global Aircraft Braking Systems Retrospective Market Scenario in Revenue by Region: 2016-20212.4 Aircraft Braking Systems Market Estimates and Projections by Region (2022-2027)2.4.1 Global Aircraft Braking Systems Sales Forecast by Region (2022-2027)2.4.2 Global Aircraft Braking Systems Revenue Forecast by Region (2022-2027)3 Global Aircraft Braking Systems Competitor Landscape by Players3.1 Global Top Aircraft Braking Systems Manufacturers by SalesCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Follow Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
Mar 12, 2020: The global Prosthetics and Orthotics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 4.6% CAGR over the forecast period.
Increasing incidences of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving the market.Rising geriatric population across the globe has become a major factor driving demand for prosthetics and orthotics.
For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050.
The elderly are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/prosthetics-and-orthotics-market/request-sampleIncreasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent.
Around 800 to 900 new cases of osteosarcoma are reported in the U.S. each year as of 2018.Further key findings from the report suggest:In terms of revenue, the orthotics segment is projected to expand at a CAGR of 4.0% over the forecast period.
Increasing cases of diabetes-related amputations across the globe are acting as the driving factor for this segmentBy revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
