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    Aircraft Brake System Market | Covid-19 Impact Analysis

    Aircraft Brake System Market | Covid-19 Impact Analysis

    Aircraft Brake System Market | Covid-19 Impact Analysis
    Report code - SRAD256 Delivery - 2 Weeks
    Aircraft Brake System Market Size, Share, Trend, Forecast, & Competitive Analysis.
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    Impact of COVID-19 on Aircraft Brake System Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Brake System Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aircraft Brake System Market Insights 

    Aircraft Brake System Market is likely to witness an impressive CAGR of 10.2% during the forecast period. Increasing fleet size of commercial aircraft and the growing demand for lightweight aircraft components are the major factors that are expected to underpin the growth of the global aircraft brake system market during the forecast period.

    Aircraft Brake System Market - Snapshot

    Growth

    10.2% for the next five years

    Major Component Type

    Brakes

    Dominant Fit Type

    Retrofit

    Region with the highest demand

    North America

    Key Players

    AAR Corporation, Beringer Aero, Crane Aerospace & Electronics, Grobe Aircraft Landing Gear Systems Inc., Honeywell International Inc., Jay-Ek Aerospace & Machine Inc., Lufthansa Technik AG, Meggitt PLC, Marco Manufacturing Inc., and Parker Hannifin Corporation. 

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    Market Share Analysis

    Aircraft Brake System Market Share: By Component Type

    Based on the component type, the market is segmented as wheels, brakes, and braking systems. The brakes segment is estimated to register the highest growth during the forecast period, driven by the high demand for carbon brakes and technological progressions in braking systems, such as electric braking systems.

    Aircraft Brake System Market Share: By Fit Type

    Based on the fit type, the market is segmented as linefit and retrofit. The retrofit segment is expected to witness a higher growth during the forecast period. This growth is mainly owing to the aircraft maintenance and repair activities executed within a span of four to five years.

    Aircraft Brake System Market Share: By Region

    In terms of regions, North America is estimated to command the aircraft brake system market during the forecast period. The aircraft brake system market in Europe and Asia-Pacific is likely to portary significant growth, driven by the increase in demand for cost-effective and highly dependable aircraft brake system components.

    Aircraft Brake System Market Share: Key Players

    Some of the major players in the aircraft brake system market are AAR Corporation, Beringer Aero, Crane Aerospace & Electronics, Grove Aircraft Landing Gear Systems Inc., Honeywell International Inc., Jay-Em Aerospace & Machine, Inc., Lufthansa Technik AG, Meggitt PLC, Matco Manufacturing Inc., and Parker Hannifin Corporation. 

     

    Market Scope & Segmentation

    Aircraft Brake System is an important segment in any aircraft as it is used in braking the wheels during the landing of the aircraft. This includes the disc brakes that are a part of the landing gear.

    Aircraft Brake System works with the brakes operating pneumatically or hydraulically. Wheels, brakes, and braking systems are the important components of the aircraft brake system.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Aircraft Brake System Market Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The aircraft brake system market is segmented into the following categories. 

    Aircraft Brake System Market Size, Share, & Forecast, by Component Type:

    • Wheels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Brakes
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Component Type Analysis: Carbon Brakes and Steel Brakes)
    • Braking Systems
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Component Type Analysis: Transducers, Sensors, Actuators, Valves, and Others)

    Aircraft Brake System Market Size, Share, & Forecast, by Platform Type:

    • Commercial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Platform Type Analysis: Commercial Aircraft, Business Jets, Regional Jets, and Helicopters)
    • Defense
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Platform Type Analysis: Military Aircraft and Helicopters)

    Aircraft Brake System Market Size, Share, & Forecast, by Fit Type:

    • Linefit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Retrofit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Brake System Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the component types by platform type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    What is Aircraft Brake System?

    Aircraft Brake System is an important segment in any aircraft as it is used in braking the wheels during the landing of the aircraft. This includes the disc brakes that are a part of the landing gear. Aircraft Brake System works with the brakes operating pneumatically or hydraulically. Wheels, brakes, and braking systems are the important components of the aircraft brake system.

    What will be the CAGR of the Aircraft Brake System Market?

    Aircraft Brake System Market is likely to witness an impressive CAGR of 10.2% during the forecast period. The increasing fleet size of commercial aircraft and the growing demand for lightweight aircraft components are the major factors that are expected to underpin the growth of the global aircraft brake system market during the forecast period.

    Which country/region is expected to remain the largest Aircraft Brake System Market?

    In terms of regions, North America is estimated to command the aircraft brake system market during the forecast period.

    Who are the key players in the Aircraft Brake System Market?

    Some of the major players in the aircraft brake system market are AAR Corporation, Beringer Aero, Crane Aerospace & Electronics, Grove Aircraft Landing Gear Systems Inc., Honeywell International Inc., Jay-Em Aerospace & Machine, Inc., Lufthansa Technik AG, Meggitt PLC, Matco Manufacturing Inc., and Parker Hannifin Corporation.

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