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Taking into account a variety of factors, the market dynamics of commercial aircraft carbon brakes section are formed by supply and demand forces that happen within the aviation industry. A major driver is the global aviation sector’s continuous growth which directly corresponds to increased demand for commercial aircraft. As airlines expand their fleets to cater to increasing passenger numbers, there is an urgent necessity for effective and high-performance braking systems. This upsurge in demand impacts on the market for commercial aircraft carbon brakes thus pushing manufacturers towards new innovative solutions.
Technological progress matters as far as market dynamics of carbon brakes for commercial aircraft are concerned. The aerospace industry is constantly searching for lighter materials that would be longer-lasting, thereby enabling airplanes to perform more efficiently during flight. Carbon brakes are increasingly used because they weigh less than traditional steel ones and can bear extremely high temperatures. Thus, ongoing research activities aimed at improving efficiency and reliability of carbon brakes lead to innovation and foster competition among producers.
The competitive environment also helps define how the market behaves in terms of sales revenue generated by commercial aircraft carbon brakes. In this case, there are a few big players with whom smaller competitors have to reckon if they want to succeed: cost effectiveness, differentiation of products from those made by rivals including customer services may become central focus areas in such a situation. Companies seek cutting-edge technologies development while at the same time entering into strategic alliances so as to secure contracts from large airlines organizations. Furthermore, aftermarket services such as maintenance and repair form an integral part of market dynamics since airlines need dependable partners who will work on breaks whenever required.
There are also macroeconomic factors affecting these dynamics such as economic growth rates; fuel prices fluctuations; geopolitical situation stability etc… The cyclic nature of aviation industry combined with external economic conditions influences decisions made by air carriers and therefore shapes demand on commercial aircraft carbon brakes . According to different price levels for jet fuel companies might opt for more energy-efficient alternatives like carbon instead of steel. The overall health of the global aviation market including carbon brake segment is regulated by geopolitical stability that defines world air travel trends.
Commercial Aircraft Carbon Brakes Market Highlights:
Global Commercial Aircraft Carbon Brakes Market Overview
Commercial Aircraft Carbon Brakes Market Size was valued at USD 2.28 billion in 2022. The Commercial Aircraft Carbon Brakes Market is projected to grow to USD 4.79 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.6% during the forecast period (2022 - 2032).
Carbon brakes are primarily used in military aircraft applications. The and higher heat absorption and lower weight of carbon brakes make them more preferable than conventional steel brakes to be used in aircraft. However, due to the high cost of steel brakes, carbon brakes are used largely on larger, long-haul commercial aircraft rather than short-haul commercial aircraft. Recent developments in overhaul techniques and carbon brake manufacturing have reduced the pre-landing cost of these brakes—they are cost-effective as compared to steel brakes. Improved operations along with performance enhancements provided by carbon brakes have enabled a rise in usage of carbon brakes on commercial aircraft. Carbon brakes have multiple benefits compared to steel brakes, such as high-performance, longevity, and lightweight. Moreover, carbon brakes are able to withstand high braking demands of commercial aircraft. Carbon brake materials have characteristics such as high-temperature stability, high thermal conductivity, and higher specific heat.Â
The market has been segmented on the basis of aircraft type, material, manufacturing process, and end user. Based on aircraft type, the commercial aerospace carbon brakes market has been segmented as fixed-wing and rotary-wing. The fixed-wing segment has been further sub-segmented as wide-body and narrow-body aircraft. The narrow-body aircraft market is expected to be the largest segment during the forecast period. A rise in new low-cost carriers is expected to generate demand for narrow-body aircraft.Â
Furthermore, growing focus on fuel efficiency is also expected to enhance the growth of the carbon brakes market during the forecast period. Based on the material, the market has been segmented as polyacrylonitrile and rayon/petroleum pitch. The polyacrylonitrile segment was the largest market in 2018 whereas rayon/petroleum is expected to register the higher CAGR during the forecast period. Based on the manufacturing process, the market has been segmented as Chemical Vapor Infiltration (CVI) and Liquid Phase Infiltration (LPI). The Liquid Phase Infiltration (LPI) segment was the is expected to register higher CAGR during the forecast period. Airline and aerospace companies are actively investing in energy-efficient technologies that act as an effective measure to lower fuel consumption. For instance, in Feb 2018, UTC Aerospace Systems' patented carbon heat sink brake material called Duracarb, which allows an aircraft to perform 2,000 landings before it is taken for overhaul. The lifespan of the brakes is eight times longer thereby, significantly reducing maintenance cost and time. Moreover, these brakes are capable to handle high stress and absorb heat energy than carbon brakes, which improves safety margin when stopping airplanes that are heavily loaded. Presently, carbon brake disks are being largely used in landing gear systems due to their enhanced lifecycle, weight reduction capabilities, and low maintenance cost.
Recent Development
March 2022:Â Avelo Airlines and Collins Aerospace agreed to retrofit the airline's fleet with carbon brakes, including maintenance and logistics support.July 2021: Singapore Airlines signed a deal with Safran Landing Systems for wheels and carbon brakes for their entire Boeing 777-9 fleet.
Segmentation of the Global Commercial Aircraft Carbon Brakes Market
Growing commercial aircraft fleets and improved operational performance of carbon are the key drivers for the global commercial aircraft carbon brakes market. By region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is expected to be the largest market for carbon brakes owing to key manufacturing plants of largest commercial OEM and retrofit aircraft companies have their presence in North America. However, Asia Pacific is expected to grow at the highest rate during the forecast period. Both OEM and aftermarket carbon brake systems are likely to offer opportunities during the forecast period.
Intended Audience
- Airforce Authorities
- Airline Companies
- Component Providers
- Regulatory bodies
- Government authorities
- Research institutes
- Regulatory bodies
Key Players
The key players in the global commercial aircraft carbon brakes market are Crane Aerospace & Electronics (US), Honeywell International Inc. (US), Maritime Goodrich (US), Meggitt (UK), Parker Hannifin (US), Safran (France), Speedwerks (US), SGL Group (Germany), TAE Aerospace, and UTC Aerospace Systems (US).
Research Methodology
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.Â
Secondary Research
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
Primary Research
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Key Insights
- Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
- Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
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Company Profiles
In-depth profiling of additional market players (3 to 4 companies)
Country-Level Analysis
Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)
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