Commercial aircraft carbon brakes: Key market research findings
- The Americas dominate the market geographically
- The narrow-body segment accounts for a majority of the market’s revenue
- Key vendors – Honeywell, Meggitt, Safran Landing Systems, and UTC Aerospace Systems
Technavio’s market research analysts predict the global market for commercial aircraft carbon brakes to grow at a CAGR of around 12% between 2016 and 2020. The growth of the market can be attributed to the rising demand for lightweight and fuel-efficient aircraft. Many airlines and aerospace companies are investing in energy-efficient technologies as an effective measure to reduce fuel consumption. The aircraft landing gear technologies are continuously evolving to counter the challenges of the functional and non-functional requirements of the aerospace industry. During 2015, the global commercial aircraft brakes market was dominated by the Americas with a market share of more than 37%. The growing order books of new aircraft across all segments will propel the growth of the market in this region during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the commercial aircraft brakes segments based on the application.
“Emergence of green aircraft taxiing systems is an upcoming trend in the market currently. Many companies are developing alternative hybrid or electrically driven approaches to mitigate the excessive fuel consumption and emission impact during taxiing aircraft. In January 2014, Airbus collaborated with the EGTS to support further development and evaluation of electric taxiing system. The companies agreed to work in close cooperation to acquire the certification for commercializing the product in 2018,” says Abhay Kumar Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
By 2020, the narrow body segment will continue its dominance over the global commercial aircraft carbon brakes market by accounting for more than 67% of the overall market revenue. Increased focus on fuel efficiency and a higher demand for narrow-body aircraft will drive the market for carbon brakes across the globe. Along with new aircraft procurements, airlines are also retrofitting their existing fleet of LCC aircraft with advanced carbon brakes and associated components.
The key vendors in the market include Honeywell, Meggitt, Safran Landing Systems, and UTC Aerospace Systems. Companies with superior technical and financial resources are expected to acquire key contracts in emerging markets, including India, China, and Brazil. Also, an adequate mix of products and aftermarket services will help the vendors to maintain long-term collaborations with OEMs and airlines. Vendors should also place special emphasis on offering innovative solutions to airlines offering no-frills services owing to their growing popularity and comparatively low operating costs.
A more detailed analysis is available in the Technavio report, Global Commercial Aircraft Brakes Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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