Market Definition
The aircraft braking system is a system that is used to slow down or stop an aircraft. There are two types of brakes that are used on aircraft: wheel brakes and drag brakes. Wheel brakes are the most common type of brake used on aircraft. They work by using friction to slow down the wheels of the aircraft. The amount of force that is applied to the brakes can be controlled by the pilot.
Market Outlook
The key trends in aircraft braking system technology are lighter weight brakes, more durable brakes, and brakes that can be used on a variety of aircraft.
Lighter-weight brakes are being developed to reduce the weight of the aircraft and improve fuel efficiency.
Durable brakes are being developed to improve the safety of the aircraft and reduce maintenance costs. Brakes that can be used on a variety of aircraft are being developed to improve the flexibility of the aircraft fleet.
The key drivers of the aircraft braking system market are the growing demand for aircraft retrofitting, and the stringent regulations regarding aircraft safety.
The growing demand for aircraft retrofitting is driven by the need to improve the safety and performance of existing aircraft. According to the Aircraft Fleet Recycling Association (AFRA), there are approximately 11,000 commercial aircraft that will reach the end of their useful life in the next 20 years.
The stringent regulations regarding aircraft safety are driven by the need to reduce the risk of accidents. The International Civil Aviation Organization (ICAO) has set strict safety standards that all aircraft must meet.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The aircraft braking system market is segmented by component, actuation, end-use, and region. By component, the market is classified into wheels, valves, and others. Based on actuation, it is bifurcated into power brake, boosted brake, and independent brake. On the basis of end-use, it is divided into OEM, and aftermarket. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
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Major Players
The global aircraft braking system market includes players such as AAR Corp, Beringer Aero, Collins Aerospace, Crane Co, Honeywell International Inc., Lufthansa Technik AG, Meggitt PLC, Parker-Hannifin Corporation, Safran, The Carlyle Johnson Machine Company, and others.
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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