Aircraft Brake Market Trends

Growth Drivers

• A Rise in the Traffic of Air Passengers: An increment of air passengers in recent years had led to an increase in the demand for aircraft, and to attain this demand, the aircraft industry is developing aircraft with advanced systems and components which is boosting the growth of the market.

• Procurement of Advanced Aircraft to Support Development of Aircraft Brakes: On account of procurement of newer generation aircraft, in the commercial and military sectors coupled with the concept of more electric aircraft, increasing emphasis on the reduction of the weight of aircraft, and development of new lightweight, the market is anticipated to witness growth over the forecast period.

Challenges

• Maintenance and Operational Cost of Aircraft Brake System: A major barrier in the market is the operating and maintenance cost faced by different airlines. However, the introduction of new technologies, such as the electric braking system, to overcome maintenance cost is hampering the market for traditional and carbon braking systems, which are relatively less effective. Additionally, long-term contracts with the existing top players is acting as a barrier for the growth of the market.