Global Commercial Aircraft Carbon Brakes Market to 2027: Key Players Include Airbus, Crane, Honeywell International, Meggitt and Mersen
Global Commercial Aircraft Carbon Brakes Market
Dublin, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The "Commercial Aircraft Carbon Brakes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global commercial aircraft carbon brakes market size reached US$ 866.5 Million in 2021. Looking forward, the publisher expects the market to reach US$ 1,364.7 Million by 2027, exhibiting a CAGR of 7.86% during 2021-2027.
Honeywell International Inc.
Mitsubishi Heavy Industries Ltd.
Raytheon Technologies Corporation
SGL Carbon SE
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Carbon brakes help stop a moving aircraft by exploiting friction between the rotating and stationary discs. These brakes are durable and resistant against high temperature, thermal shock and mechanical fatigue. Consequently, they are widely preferred over steel brakes in commercial aircraft.
The retrofitting of these brakes in certain airplanes models can help decrease fuel consumption and reduce carbon dioxide (CO2) emissions. Moreover, improvements in the manufacturing and overhaul procedures have reduced the overall cost of carbon brakes, which is expanding their applications in small, short-haul commercial aircraft.
The rising air passenger traffic on account of inflating disposable incomes, increasing business travels and the easy availability of online travel bookings represents one of the key factors bolstering the market growth. Moreover, the growing international trade, along with the escalating demand for high-performance brakes in commercial aircraft, is also stimulating the market growth.
Furthermore, advantages associated with carbon brakes, such as long service intervals, low maintenance costs, high energy absorption and fast cooling rates, are increasing their adoption over conventional brakes. Apart from this, with the rising environmental concerns, governing agencies of various countries are imposing stringent standards on greenhouse gas (GHG) emission from the aviation industry, which is influencing the market positively.
However, a decline in travel and tourism activities due to the spread of the coronavirus disease (COVID-19) and suspension of various domestic and international airline services is negatively impacting the market growth. It is anticipated to experience growth once lockdown restrictions are relaxed.
Key Questions Answered in This Report:
How has the global commercial aircraft carbon brakes market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global commercial aircraft carbon brakes market?
What are the key regional markets?
What is the breakup of the market based on the aircraft type?
What is the breakup of the market based on the material?
What is the breakup of the market based on the manufacturing process?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global commercial aircraft carbon brakes market and who are the key players?
What is the degree of competition in the industry?
No. of Pages
2021 - 2027
Estimated Market Value (USD) in 2021
Forecasted Market Value (USD) by 2027
Compound Annual Growth Rate
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Commercial Aircraft Carbon Brakes Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Aircraft Type
6.1 Narrow-body Aircraft
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wide-body Aircraft
6.2.1 Market Trends
6.2.2 Market Forecast
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Material
7.1 Petroleum Pitch
7.1.1 Market Trends
7.1.2 Market Forecast
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Manufacturing Process
8.1 Chemical Vapor Infiltration
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Liquid Phase Infiltration
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1.1 Market Trends
9.1.2 Market Forecast
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/cvfvos
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