Aerospace & Defense Brake Market : 2018-2024 Top Regional Players Safran, UTC Aerospace System, Honeywell, Parker Hannifin, Crane Aerospace & Electronics, Lufthansa, Matco Tools
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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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.
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 user, the industry is categorized in to original equipment manufacturers (OEMs) and maintenance, repair & overhaul (MRO) service providers. OEMs and integrators require brakes as these are responsible for delivering aircraft with complete installation to the airline operators. Improving service quality, cost effectiveness and compliance with regulatory standards by the aftermarket manufacturers will increase revenue from MRO.
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.
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.
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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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