What is Aerospace & Defense Brake Market?
Aerospace and defense brake is the brake system used in the aircraft of aerospace and defense. It is used to brake the wheels while touching the ground. It is operated hydraulically or pneumatically. These brakes slow the speed of the aircraft and stop it in a reasonable amount of time. In most of the aircrafts, each of the main wheels is equipped with a brake unit.
Highlights from Aerospace & Defense Brake Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Honeywell Aerospace (United States), Safran (France), Collins Aerospace (United States), Meggitt Aircraft Braking System (United States), Crane Aerospace & Electronics (United States), Lufthansa Technik (Germany), Matco Manufacturing (United States), Nasco Aircraft Brake Inc. (United States), Rapco Fleet Support (United States) and Bendix Corporation (United States) |
Aerospace & Defense Brake market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aerospace & Defense Brake market throughout the forecasted period.
Honeywell Aerospace (United States), Safran (France), Collins Aerospace (United States), Meggitt Aircraft Braking System (United States), Crane Aerospace & Electronics (United States), Lufthansa Technik (Germany), Matco Manufacturing (United States), Nasco Aircraft Brake Inc. (United States), Rapco Fleet Support (United States) and Bendix Corporation (United States) are some of the key players profiled in the study. Aerospace & Defense Brake Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Commercial Aircraft, Regional Aircraft, General Aircraft and Military Aircraft |
Type | Carbon Brake and Steel Brake |
Distribution Channel | Online,Offline |
On the basis of geography, the market of Aerospace & Defense Brake has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in the Aerospace Technology
Market Growth Drivers:
Increasing Demand for Aircrafts Globally and Improved Break Life and Weight Reduction
Challenges:
High cost
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Aircraft Industry Worldwide and Increase in the Passenger Traffic
Key Target Audience
Aerospace and Defense Brake Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user
Market Leaders & Development Strategies
In October 2020, Honeywell Acquires Ballard Unmanned Systems. The Ballard Unmanned Systems designs and produces industry-leading, stored-hydrogen proton exchange membrane fuel cell systems that power unmanned aerial systems (UAS), particularly those used for energy inspection, cargo delivery, and other commercial and defense applications where demand for UAS services is growing.
In March 2020, Honeywell Launches Honeywell Forge for Business Aviation, Replaces Go Direct.The Honeywell Forge technology stack is capable of collecting, cleaning and analyzing wide swaths of data from a variety of airline sources for predictive analytics.