0 items USD 0.00Global Aircraft Carbon Brake Market: Leading Players and Industry Forecast
Global Aircraft Carbon Brake Market is dominated by Safran S.A., Meggitt PLC, Honeywell International, Inc., Collins Aerospace, and Xi'an Aviation Brake Technology Co., Ltd. Together, these five companies have a share of approximately 89.14% in revenue, which is around USD 1123.2 million in FY 2021.
Carbon brakes are a practical alternative to existing steel brakes. Steel brakes have been in use since the 1980s, but recent advancements in engineering and manufacturing processes, have allowed carbon brakes to be retrofitted to existing airplanes, reducing fuel costs for specific models and resulting in the replacement of steel brakes.
1 . Global Aircraft Carbon Brake Market Scenario
The global aircraft carbon brake market was valued at USD 1,247.64 million in 2021 and will reach USD 1,899.91 million by the end of 2028, growing at a CAGR of 6.43% during 2022-2028.
The North America Aircraft Carbon Brake market size was USD 481.50 million in 2021, while China was about USD 193.27 million. The proportion of China was 15.49% in 2021, and it is predicted that the share will reach 19.16% in 2028, trailing a CAGR of 9.7 % through the analysis period.
Fully considering the economic change caused by the COVID-19, Commercial Brake accounting for 90.51% of the Aircraft Carbon Brake global market in 2021, is projected to value USD 1,732.80 million by 2028, growing at a revised 6.54% CAGR from 2022 to 2028. While Aftermarket segment is altered to a 6.63% CAGR throughout this forecast period and will hold a share of about 93.64% in 2028.
2 . Global Aircraft Carbon Brake Market Leading Players
1. Safran S.A.
Safran S.A. is a French multinational aircraft engine, rocket engine, aerospace component, and defense corporation. With over 95,000 people and generating 15.13 billion euros in sales in 2021, Safran operates in the aircraft propulsion, equipment, space, and defense markets.
According to the company website, Safran offers the lightest carbon brakes in the market: weight savings of up to 320 kg per set compared to steel brakes. Boeing 737 Next-Generation / MAX family aircraft are equipped with carbon brakes from Safran Landing Systems. The company's current market cap is 44.425B EUR
2. Meggitt PLC
Meggitt Plc is a holding company that designs and manufactures components and sub-systems for aerospace, defense, and energy markets. The current MGGT market cap is 6.147 B GBP.
Meggitt has been a technology leader, from the first multi-disc steel aircraft brakes in the 1930s to the first electric braking systems on a commercial aircraft. Meggitt is one of only a few companies that can provide complete integrated braking systems - the wheels, brakes, and brake control element.
Meggitt carbon brakes have been proven in all weather environments on military and commercial aircraft, from small general aviation aircraft to large passenger jets, their carbon brake products being one of the trusted brands in the world.
3. Honeywell International, Inc
Honeywell International, Inc. is a software-industrial company that offers industry-specific solutions to aerospace and automotive products and services. Honeywell Wheels and Braking Systems (WBS) division provides the latest generation carbon braking system, which is branded as Carbenix.
Carbenix product is available for both military and commercial aircraft. The company's patented carbon friction material offers a cost-effective solution with enhanced durability and stopping performance.
With manufacturing and engineering centers in the U.S. and China and repair and overhaul (R&O) shops worldwide, Honeywell is a market leader in advanced technology and services to the specific needs of commercial and defense aircraft operators and manufacturers across the globe.
4. Collins Aerospace
Collins Aerospace wheels and braking systems offer airlines the latest technology with the lowest cost of operation. Collins Aerospace is a unit of Raytheon Technologies Corp. The company was created in 2018 by bringing together UTC Aerospace Systems and Rockwell Collins. Collins Aerospace has the capabilities, comprehensive portfolio, and expertise to solve customers' toughest challenges and meet the demands of a rapidly evolving global market.
The company's DURACARB® carbon disk technology provides a longer brake life, providing overall cost savings. DURACARB is a heat sink material that offers lighter weight without sacrificing durability. Because of this, the carbon brake delivers more landings per overhaul (LPO). These brakes also operate cooler, with lower brake fluid temperatures for safer operation and a longer life cycle.
Collins Aerospace contributes 28.7% of Raytheon group's revenue, around USD 18.4 billion in 2021. The company's 62% of revenue comes from the commercial division, while 38% comes from the military division.
5. Xi'an Aviation Brake Technology Co., Ltd
Xi'an Aviation Brake Technology Co., Ltd: The company was formed by the manufacture, design, and test department of aircraft products in Shaanxi Huaxing Aviation Wheel & Brake System Co., Ltd., Xi'an Aviation Machine Co., Ltd. and China Aviation Accessories Research Institute. The company is specialized in the R&D, manufacture, and test of aircraft wheels, brake systems, and automobile brake accessories in China.
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