As per the report published by FMI, the global aircraft carbon brake disc market is projected to have a rapid-paced CAGR of 6% during the forecast period. The current valuation of the market is US$ 1,136.23 Million in 2022. The market value of the aircraft carbon brake disc market is anticipated to reach a high of US$ 2,034.81 Million by the year 2032.
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Aircraft carbon brake discs are gaining wide traction due to their rising utilization in commercial and military aircraft for gliding, stopping, taking off, and landing. The increase in air travel surging the demand for air crafts and rising preference towards these brake discs owing to their enhanced performance and lightweight act as the major factors driving the growth of the aircraft carbon brake disc market.
FMI has analyzed that the increasing need for reducing fuel consumption and efficient aircraft encouraging manufacturers to adopt the advanced brake discs and an upsurge in commercial aircraft operations across developed and developing countries accelerate the aircraft carbon brake disc market growth.
In addition to that, it is anticipated by the expert analysts at FMI that the aircraft carbon brake discs are commonplace in small and light aircraft. The airplane carbon brake disc is an advanced technique in brake devices. Compared to steel brakes, it is lighter, has better heat dissipation properties, and does not reduce energy absorption characteristics at high temperatures.
However, FMI has also analyzed that the presence of alternatives in the market like electrical and steel brakes is likely to pose a threat to the aircraft carbon brake discs and inhibit the growth of the market in the coming years. Additionally, the initial capital investments are too high and are likely to curb the adoption of these discs.
Key Takeaways from the Aircraft Carbon Brake Disc Market
- The European region accounted for a market revenue of US$ 0.34 Billion in the year 2021 attributed to the increasing cargo air transportation and airfreight & mail transport in the region.
- The Aftermarket segment held the largest market share of about USD 0.63 Billion in 2018 and is forecasted to have a CAGR of 5.1% during the forecast period.
- North America is expected to register a CAGR of 5.1% during the forecast period.
- Asia Pacific is likely to witness an upswing in the production of aircraft fleets by 40% in coming years.
“Development of carbon and aircraft monitoring system for efficient maintenance of aircraft carbon brake disc and manufacturing of carbon disc made for commercial narrow-body aircraft extends profitable opportunities to the aircraft carbon brake disc market players.” – Says an FMI Analyst
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Competition Landscape in the Aircraft Carbon Brake Disc Market
The companies are expanding their footprints with new innovations made to the technology of carbon brake discs so that they can have an edge over their competitors. However, the market is fragmented, with several local players present in the market.
There is growth in collaborations and partnerships between OEMs which is enhancing product development and manufacturing and is expected to be the major trend in the aircraft carbon brake disc market.
Safran, SGL Carbon, Meggitt PLC, Honeywell International Inc., Raytheon Technologies Corporation, CFCCARBON CO. LTD, Thermocoax, MERSEN PROPERTY, Rubin Aviation Corporation Baimtec Material Co., Ltd, Crane Co., Dawin Friction Corporation are some of the key players in the market.
Key Segments in the Aircraft Carbon Brake Disc Market
By Material Type:
- Carbon-Carbon
- Carbon-Composite
By Aircraft Type:
- General Aviation
- Commercial Aircraft
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Military Aircrafts
By Fit Type:
- First Fit
- Retro Fit
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Recent Developments in the Aircraft Carbon Brake Disc Market:
- In April 2018, Meggitt secured a multi-million-dollar contract with Korea Aerospace Industries for the supply of carbon brakes for its KF-X fighter planes.
- In October 2018, Turkish Airlines chose wheels and carbon brakes from Safran Landing Systems for its fleets of 25 Airbus A350-900 and 25 Boeing 787-9 long-range aircraft, set to enter service starting in 2019.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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