During landings, the aircraft brakes system offers important stopping function, allowing planes to stop within the length of the runway. Apart from that, brakes are employed to stop planes during rejected takeoffs, which occur when an attempted takeoff is cancelled while the jet is rolling down the runway before lifting off from the ground due to engine failure, tyre blowout, other system failure, or air traffic control direction. By providing various degrees of braking power to the left- and right-side brakes, aeroplane brakes can also help guide the aircraft on the ground while it is parked, limit its speed while taxing, and even help steer the aircraft on the ground.
MARKET SCOPE
The "Global Aircraft braking system Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aircraft braking system market with detailed market segmentation by aircraft type, fit type, actuation, component, and geography. The report provides key statistics on the market status of the leading aircraft braking system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on aircraft type, the global aircraft braking system market is segmented into fixed wing, rotary wing, and unmanned aerial vehicles.
- On the basis of fit type, the market is segmented into line fit and retrofit.
- Based on actuation, the global aircraft braking system market is segmented into power brake, boosted brake and independent brake.
- Based on component, the global aircraft braking system market is segmented into wheels, brake discs, brake housing, valves, actuators, accumulator and electronics.
MARKET DYNAMICS
Drivers:
- In the commercial aviation business, there has been an increase in operations.
Restraints:
- Stringent regulatory environment.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft braking system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
BThe report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aircraft braking system market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT BRAKING SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the aircraft braking system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aircraft braking system market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft braking system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aircraft braking system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BERINGER
- Crane Aerospace and Electronics
- Grove Aircraft Landing Gear Systems Inc.
- Honeywell International Inc.
- Jay-Em Aerospace
- Lufthansa Technik
- MATCO mfg
- Meggitt PLC
- PARKER HANNIFIN CORP
- Safran
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.