Aerospace & Defense Brake Market Analysis, Trends and Forecast,
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Asia Pacific will acquire significant share owing to increasing aircraft manufacturing industry. Strong product outlook offering superior strength and temperature resistance properties will boost the regional industry growth.
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Fluctuation in fuel prices coupled with increase in demand of fuel efficient aircrafts will drive the demand for light weight & high strength aircraft components including brakes. Industry players focusses on reducing operational & maintenance cost to enhance air passenger experience without compromising on safety & security of passengers.
Regular maintenance & servicing required to ensure proper functional of critical components like braking & landing system possess growth opportunities for OEMs and maintenance, repair & overhaul & (MRO) service providers.
Aerospace & defense brake are high engineered products compared to conventional counterparts offering enhanced technological high-quality material with high strength relatively. Technologically advanced products provide enhanced performance than conventional alternatives which in turn will support the industry growth.
Based on material, industry can be categorized in to carbon and steel brake. Carbon brakes market will expand owing to its superiority in performance over other brakes. Also, carbon brakes are 40% lighter than conventional brakes. These products can absorb heat 2-3 times more than conventional brakes thereby increasing efficiency of braking system.
Based on aircraft type, aircraft & defense brake market can be segmented such as commercial aircraft, regional aircraft, general aircraft and military aircraft. Commercial aircraft holds major market owing to rising demand for commercial aircrafts globally. Average commercial aircraft transports more than 3 trillion air passengers yearly require regular maintenance and replacement of crucial components such as brakes.
Based on raw material, the aerospace and defense market are categorized in to polyacrylonitrile (PAN) fiber, pitch fiber and steel. PAN fiber demand will increase supported by increasing use in structural reinforcement to provide high tensile strength. However, high production cost of the product is limiting the its adoption to specific products only.
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Some of the participants in aerospace and defense brake market include Honeywell, Safran, UTC Aerospace System, Megitt Aircraft Braking System, Parker Hannifin corporation, Crane Aerospace & Electronics, Lufthansa Technik AG, Matco manufacturing, Nasco Brake system, Crane Aerospace, Rapco Fleet support.
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