Global Commercial Aircraft Carbon Brakes Market Soars to $936.7 Million in 2022, Driven by Rising Air Passenger Traffic

News provided by

Oct 27, 2023, 20:45 ET

DUBLIN, Oct. 27, 2023 /PRNewswire/ -- The "Commercial Aircraft Carbon Brakes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global commercial aircraft carbon brakes market, valued at US$ 936.7 million in 2022, is poised for significant growth in the coming years. Experts project the market to reach US$ 1,470.0 million by 2028, with a strong compound annual growth rate (CAGR) of 7.9% during the period from 2023 to 2028.

Carbon brakes play a crucial role in stopping moving aircraft by utilizing friction between rotating and stationary discs. These brakes are known for their durability and resistance to high temperatures, thermal shock, and mechanical fatigue, making them the preferred choice over steel brakes in commercial aircraft. Retrofitting certain aircraft models with carbon brakes can lead to reduced fuel consumption and lower carbon dioxide (CO2) emissions. Moreover, advancements in manufacturing and overhaul procedures have contributed to a decrease in the overall cost of carbon brakes, expanding their use in small, short-haul commercial aircraft.

Key Market Trends Driving Growth

Rising Air Passenger Traffic: Increasing disposable incomes, growing business travel, and the convenience of online booking options have led to a surge in air passenger traffic, fueling market growth.
Demand for High-Performance Brakes: The expanding international trade and the need for high-performance brakes in commercial aircraft are significant drivers of market growth.
Environmental Concerns: Stringent greenhouse gas (GHG) emission standards imposed by governing agencies in various countries are positively impacting the market as airlines seek more eco-friendly solutions.
Advantages of Carbon Brakes: Long service intervals, low maintenance costs, high energy absorption, and fast cooling rates are contributing to the adoption of carbon brakes over conventional options.

However, the market faced challenges during the COVID-19 pandemic due to a decline in travel and tourism activities and the suspension of airline services. It is expected to recover as lockdown restrictions ease.

Market Segmentation

The global commercial aircraft carbon brakes market is segmented based on aircraft type, material, manufacturing process, end user, and region:

Aircraft Type:

Narrow-body Aircraft
Wide-body Aircraft
Others

Material:

Petroleum Pitch
Polyacrylonitrile

Manufacturing Process:

Chemical Vapor Infiltration
Liquid Phase Infiltration

End User:

OEM
Aftermarket

Regions:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape

The report provides a comprehensive analysis of the competitive landscape, featuring key market players such as Airbus SE, Crane Company, Honeywell International Inc., Meggitt Plc, Mersen, Mitsubishi Heavy Industries Ltd., Parker-Hannifin Corporation, Raytheon Technologies Corporation, Safran S.A., and SGL Carbon SE.

Key Questions Addressed in the Report

What has been the historical performance of the global commercial aircraft carbon brakes market, and what is the projected growth in the coming years?
How has the COVID-19 pandemic affected the market, and what is the expected recovery trajectory?
Which regions are key in the global commercial aircraft carbon brakes market?
What is the market share based on aircraft type, material, manufacturing process, and end user?
What factors are driving and challenging the industry's growth?
Who are the major players in the global commercial aircraft carbon brakes market, and what is their competitive positioning?
How intense is the competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/2ds99t

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets