Aircraft Braking System Market Research Report Size, Share & Global Report Forecast 2021-2028
Aircraft Braking System Market
The factors driving the growth of Aircraft
Braking System Market includes rise in the air passenger traffic around the
world, increase in the number of MRO service providers, growing demand for
actuators in the braking systems. According
to the report published by Directorate General of Civil Aviation (DGCA), the
number of people boarding domestic flights in India has risen from 6.3 crore in
2020 to 8.38 crore people, showing an increase of 33%, which will boost the Aircraft
Braking System Market size
in the approaching years. Moreover, technological advancements in the
aircraft braking systems, growing popularity of unmanned ariel vehicles,
Government regulations regarding the installation of braking systems in
Aircrafts and rapid urbanization, are some of the additional factors
supplementing the market growth. As per Bloomberg, the Global Unmanned Aerial
Vehicle (UAV) Market was calculated around USD 23.60 billion in 2021 and is
anticipated to reach USD 77.69 billion by the end of 2030, growing at a CAGR of
14.6% over the forecast period, which will accelerate the market growth in the
coming years.
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However, the growth of Aircraft Braking
System Market strict regulations imposed by regulatory authority regarding
passenger safety.
The prominent players operating in the Aircraft
Braking System Market includes Lufthansa Technik, Meggitt PLC, Parker Hannifin
Corp, Crane Co., The Carlyle Johnson Machine Company, LLC, Collins Aerospace,
Safran, AAR Corp., Nasco Aircraft Brake, Inc. and Honeywell International Inc.,
Crane Co., among others.
Aircraft Type: Segment Analysis
Based on Type, the Unmanned Aerial Vehicles
segment is emerged as the fastest growing segment during the forecast period because
ethe unmanned ariel vehicles are increasingly used by defense forces for border
surveillance and mapping.
Platform: Segment Analysis
Based on Platform, the Commercial segment is
projected to grow at a significant CAGR over the forecast period attributed to
rise in the air passenger traffic across the globe and increase in the
manufacturing of commercial aircraft.
Regional: Segment Analysis
Based on Region, the North American region
is anticipated to capture a sizeable market share during the forecast period.
Presence of the leading players such as Honeywell International Inc., Crane Co.
and The Carlyle Johnson Machine Company, LLC, growing demand for commercial
aircraft, emerging need to replace the ageing aircrafts and high per capita
incomes, are some of the important factors augmenting the market growth in
North America.
Market Segmentation
Segmentation
by Aircraft Type
·
Fixed Wing
·
Rotary Wing
·
Unmanned Aerial Vehicles
Segmentation
by Actuation
·
Power Brake
·
Boosted Brake
·
Independent Brake
Segmentation
by Component
·
Wheels
·
Brake Discs
·
Brake Housing
·
Valves
·
Actuators
·
Accumulators
·
Electronics
Segmentation
by Platform
·
Commercial
·
Defense
Segmentation
by Region
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of
America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
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