Market Trends of Aircraft Brakes Industry
The Commercial Segment is Projected to Show Highest Growth During the Forecast Period
- The commercial segment is anticipated to show significant growth in the aircraft brakes market during the forecast period. The growth is attributed to the increase in aircraft orders and deliveries to cater to the growing passenger traffic around the world. Currently, carbon brakes are very much popular in the aviation industry, with most narrow-body, wide-body, and regional jets using them due to their lightweight, as compared to steel brakes, and more mean time between repairs (MTBR).
- Safran Landing Systems' carbon brakes feature on the Airbus A320ceo/neo and A350 family, Boeing B737NG/MAX, and the B787 Dreamliner. Increased efficiency and durability are the major benefits of braking systems. According to Safran, carbon brakes equipped with B737 can conduct 2,200 landings between overhauls. It also offers 2,500 landings on A320neo family aircraft and 2,000 landings for those on the A350.
- However, in recent years, the commercial aviation sector has been moving toward more electric architecture, with the main aim of reducing weight and lowering fuel costs. This shift is supporting the adoption of the new electric brake technology that comes with low weight and improved performance, as well as ease of maintenance. The airlines tend to use electric brakes, as they help in cutting down fuel and maintenance costs. The trend in commercial aircraft technology will be a major factor in supporting the growth of this segment during the forecast period.
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Asia-Pacific to Experience the Highest Growth During the Forecast Period
- The Asia-Pacific will showcase the highest growth in the aircraft brakes market during the forecast period. The growth is due to increasing air traffic, the development of new airports, and rising expenditure on the procurement of commercial and military aircraft. According to the International Air Transport Association (IATA), China would become the largest aviation market in terms of seating capacity in mid-2020, and India will surpass the UK and become the third-largest aviation market in the world by 2024. Furthermore, Airbus, an aircraft OEM, forecasts that the Asia-Pacific region will need over 17,600 new aircraft by 2040.
- In addition to the procurements and orders, the region is involved in the development of new aircraft, like the Advanced Medium Combat Aircraft (AMCA) program for India, KF-X for Korea and Indonesia, and the COMAC C919 for China. The development of such advanced aircraft will require newer types of brakes, which will improve performance. The ongoing procurements of aircraft, along with the increasing manufacturing capabilities, will boost the growth of the region during the forecast period. For instance, in August 2022, RUAG Australia signed an agreement with Honeywell International Inc. to become a maintenance, repair, and overhaul (MRO) Authorised Service Centre for the F-35 Joint Strike Fighter Wheels and Brakes program in the Asia-Pacific (APAC) region.
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