Press release
Aerospace & Defense Brake Market Forecast To 2024 with Key Companies are UTC Aerospace System, Safran, Honeywell, Megitt Aircraft Braking System, Parker Hannifin, Crane Aerospace & Electronics, Lufthansa Technik, Matco manufacturing, Nasco Brake system, C
Aerospace & Defense Brake Market will expand owing to increasing demand of new commercial aircraft series of Airbus A320 & A330, Boeing B737 & B787 and defense aircraft F15.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. However, rising instances of aircraft components misfunctioning results in strict government supervision imposing penalties on airliners may hamper industry growth.
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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 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 manufacturing process, the industry is divided in to forged, chemical vapor infiltration (CVI)/ chemical vapor deposition (CVD) and LPI. Growth of CVI/CVD manufacturing is attributed to improved performance of the products manufactured with this process.
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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.
North America will witness high growth during the forecast timeframe due to presence of several manufacturers in the region. Moreover, presence of end-user of the product such as Boeing will support the aerospace and defense brake market demand. High airline passenger density will boost the demand for aircrafts thereby stimulating aerospace and defense brake market.
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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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. The industry highly consolidated owing to strong hold of established players and strict entry barriers. Regional expansion and long-term contracts with aircraft OEMs and airline companies are major strategies adopted by the industry participants.
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