Market Size of Commercial Aircraft Carbon Brake Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 7.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Commercial Aircraft Carbon Brake Market Analysis
The commercial aircraft carbon brake market is anticipated to register a CAGR of 7% during the forecast period.
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Commercial Aircraft Carbon Brake Industry Segmentation
The aircraft brake system is generally used to slow down the aircraft during the landing roll on the runway. It is a necessary component to ensure the safety and directional control of an aircraft during ground operations, such as taxiing, landing, and takeoff. The carbon braking system provides anti-skid protection and fully integrated brake control, including emergency and parking brake functions, by merging brake-by-wire controlled technology with electro-mechanical brake actuation.
The commercial aircraft carbon brake market has been segmented by aircraft type (narrow-body aircraft, wide-body aircraft, and regional aircraft) and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).
Moreover, the report offers a market forecast and is represented by USD million.
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Commercial Aircraft Carbon Brake Market Size Summary
The commercial aircraft carbon brake market is poised for significant growth, driven by the increasing demand for efficient and sustainable aviation solutions. This market is characterized by a moderate level of fragmentation, with key players such as Honeywell International Inc., Boeing, Safran, Collins Aerospace, and Parker Hannifin Corp holding substantial market shares. These companies are strategically expanding their global presence to offer flexible manufacturing options for aircraft carbon brake systems, catering to both original equipment manufacturers (OEMs) and maintenance, repair, and overhaul (MRO) providers. The market's attractiveness is expected to rise in tandem with the recovery of the global aviation industry, as demand for these systems is anticipated to grow from both OEM and MRO channels.
The narrow-body aircraft segment is anticipated to experience robust growth, fueled by the rising demand for air travel and the need for fuel-efficient aircraft. The increasing number of narrow-body aircraft deliveries worldwide underscores this trend, with models like the Airbus A321neo and Boeing 737 MAX leading the charge due to their enhanced range and efficiency. These aircraft have become particularly viable for long-distance routes, offering airlines a competitive edge in a market traditionally dominated by wide-body jetliners. The extensive use of narrow-body aircraft by low-cost carriers, which prioritize cost reduction and operational efficiency, further propels this segment's growth. As the aviation industry continues to expand, the demand for new and efficient narrow-body aircraft is expected to rise, driving the market forward during the forecast period.
Commercial Aircraft Carbon Brake Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Aircraft Type
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2.1.1 Narrow-body Aircraft
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2.1.2 Wide-body Aircraft
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2.1.3 Regional Aircraft
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Japan
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2.2.3.4 South Korea
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 Latin America
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2.2.4.1 Brazil
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2.2.4.2 Rest of Latin America
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2.2.5 Middle-East & Africa
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2.2.5.1 United Arab Emirates
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2.2.5.2 Saudi Arabia
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2.2.5.3 Isarel
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2.2.5.4 South Africa
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2.2.5.5 Rest of Middle East & Africa
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Commercial Aircraft Carbon Brake Market Size FAQs
What is the current Commercial Aircraft Carbon Brake Market size?
The Commercial Aircraft Carbon Brake Market is projected to register a CAGR of 7% during the forecast period (2024-2029)
Who are the key players in Commercial Aircraft Carbon Brake Market?
Honeywell International Inc., Safran, Collins Aerospace, Parker Hannifin Corp and Boeing are the major companies operating in the Commercial Aircraft Carbon Brake Market.