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The commercial aircraft carbon brakes market share is expected to increase by USD 217.01 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.36%.
This commercial aircraft carbon brakes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial aircraft carbon brakes market segmentations by type (narrow-body aircraft, wide-body aircraft, and regional jet) and geography (North America, Europe, APAC, MEA, and South America). The commercial aircraft carbon brakes market report also offers information on several market vendors, including Crane Co., Honeywell International Inc., Meggitt Plc, Mersen Corporate Services SAS, Parker Hannifin Corp., Raytheon Technologies Corp., RUBIN AVIATION Corp., Safran SA, SGL Carbon SE, and THERMOCOAX SAS among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing procurement of new-generation aircraft in Apac will propel the establishment of regional MRO and manufacturing centers is notably driving the commercial aircraft carbon brakes market growth, although factors such as technical constraints in operating carbon brakes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial aircraft carbon brakes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Commercial Aircraft Carbon Brakes Market Driver
Growing procurement of new-generation aircraft in APAC will propel the establishment of regional MRO and manufacturing centers are one of the key factors driving the growth of the global commercial aircraft carbon brakes market. Owing to the increasing demand for new-generation aircraft, several aerospace parts and component manufacturing companies are seeking options for grabbing opportunities in APAC. There has been a considerable interest among both aircraft OEMs and their support partners to establish aircraft integration units, component manufacturing facilities, and MRO service centers in various countries in APAC. In 2017, Safran Landing Systems, in partnership with China Eastern Airlines, initiated a joint venture named XIESA which is a dedicated MRO center for landing gear systems. The center was fully operational in 2019 and is responsible for carrying out landing gear-related MRO services on A320 and B737 fleets of China Eastern Airlines as well as other Chinese airlines. Therefore, such developments will allow regional airlines to avail services in their nearest locations and can also enhance their service-availing experiences.
Key Commercial Aircraft Carbon Brakes Market Trend
The preference for an electric taxing system will fuel the global commercial aircraft carbon brakes market growth. With the growing concerns over high carbon dioxide emission levels worldwide, the aviation industry is proceeding toward green aircraft taxiing systems. The operation of aircraft taxiing involves the movement of aircraft on the ground under its own power, which requires a significant amount of fuel. An Airbus A320 aircraft consumes approximately 600 liters of fuel during taxiing for an average of 3.5 hours a day. This has led to the adoption of alternative approaches for taxiing an aircraft. Many companies are developing alternative electrical and hybrid approaches to reduce excessive fuel consumption and emission during aircraft taxiing. In 2011, Safran Landing Systems and Honeywell International entered into a joint agreement to address this growing concern. The two companies are currently developing electric green taxiing systems with an aim to enhance airline operational efficiency by reducing carbon emissions during aircraft taxiing. Such technologies will contribute toward reducing the frequent wear and tear of brakes. The electric taxiing system technology was introduced in 2003 by Delos Aerospace. Since 2007, it has been explored and tested based on the patents of Delos Aerospace.
Key Commercial Aircraft Carbon Brakes Market Challenge
The technical constraints in operating carbon brakes are a major challenge for the global commercial aircraft carbon brakes market growth. Owing to their advantageous features, carbon brakes are commonly used in the aviation industry. Such brakes are lighter in weight than conventional steel brakes, as well as feature superior heat-absorbing capacities. However, there are certain limitations that can reduce the adoption of carbon brakes. The entire production and integration process of carbon brakes is much more expensive than steel brakes. The manufacturing of such brakes involves complex stages that can delay the delivery cycle of brakes. Also, the initial cost association for manufacturing and overhauling carbon brakes is higher than its counterparts. However, the overall maintenance cost association is lower for carbon brakes as their performance is more than twice that of conventional steel brakes, but the repairing cost involving brake heat pack refurbishment is much greater for carbon brakes.
This commercial aircraft carbon brakes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global commercial aircraft carbon brakes market as a part of the global aerospace and defense market, within the global capital goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial aircraft carbon brakes market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the commercial aircraft carbon brakes market encompasses successful business strategies deployed by the key vendors. The commercial aircraft carbon brakes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The commercial aircraft carbon brakes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the commercial aircraft carbon brakes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global capital goods market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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