The increasing demand for new aircraft and the rising demand for MRO services is what is driving the need for aircraft rotor-disc brakes. The need for new aircraft is predicted to increase as a result of the rapid growth the global aviation sector is currently experiencing due to factors including low-cost airlines, technological advancements, an increase in air travel, enhanced air traffic control systems, etc. As rotor-disc brakes are an essential part of aircraft flight systems, this will undoubtedly increase demand for them.
The need for new aircraft, the expansion in the market for MRO services, the development of disc brake technology, and the growing awareness among airlines of the need to maintain safety are the main drivers of the growth of the aviation rotor-disc brake market. Additionally, more OEMs are engaging in R&D operations to create novel disc brakes as a result of new certification requirements being introduced by authorities like the Federal Aviation Administration (FAA).
An essential part of aircraft landing gear systems is rotor-disc brakes, aircraft brakes are discs that are actuated hydraulically or pneumatically. There are several types of aircraft braking systems, such as single-disc, twin-disc, multiple-disc, and rotor-disc brakes. A correctly built airplane brake can resist a variety of adverse situations and keep the plane from flying at excessive speeds. They facilitate a smooth take-off or landing for the aircraft by slowing the rotational speed. Two discs are positioned on either side of a hub that is connected to the spinning shaft in rotor-disc brakes for aircraft. When the brake pads are engaged, the rotating discs produce friction, slowing the shaft's rotation.
At a CAGR of 6.27% from 2021 to 2031, it is anticipated that the market for aircraft rotor-disc brakes would increase from USD 2.50 billion in 2021 to USD 3.92 billion by 2031. The rising demand for new aircraft as well as the expanding need for MRO services is both factors contributing to the growth of the aviation rotor-disc brake industry.
There are various obstacles in the way of the aviation rotor-disc braking market. The high cost of production, which makes brakes expensive and hinders market expansion, is one of the major problems. Government-imposed strict environmental rules are another factor impeding the expansion of the aviation rotor-disc braking business. Conversely, as research and development efforts to enhance brake performance increase, new prospects for market expansion have emerged.
COVID-19 Impact and Market Status
The COVID-19 pandemic outbreak has caused a global economic catastrophe, which has affected the aviation sector and its supply chain. In addition to decreased demand for new aircraft and MRO services, production delays and supplier interruptions have an influence on the market for aviation rotor-disc brakes. However, the market is anticipated to expand over the course of the forecast period due to government measures to promote aviation businesses, an increase in air travel, and recent technological developments in aircraft rotor-disc brakes.
The Carbon Brakes Type emerged as the Most Booming Segment
The market for aviation rotor-disc brakes has been divided into categories based on type, including expander tube brakes, carbon brakes, and others. Aerial rotor-disc brakes made of carbon are anticipated to be the most popular over the prediction period because of their low weight, minimal noise emissions, and long life cycle.
The Most Prominent Application is the OEM Sector
The market for aviation rotor-disc brakes has been segmented into OEM and MRO based on application. Due to the rising demand for new aircraft around the world, the OEM category is anticipated to experience significant growth during the projection period. The introduction of new aircraft certification standards from international regulatory agencies like the Federal Aviation Administration is another element fueling the segment's expansion (FAA).
The Commercial Segment of End Users remains Atop
The market for aircraft rotor-disc brakes has been segmented into commercial, defense, and other end users. Due to the rising demand for new aircraft from commercial airlines, the commercial segment is predicted to dominate the market during the forecasted period. Additionally, the need for lightweight rotor discs has grown as a result of the growing need for fuel efficiency, which is anticipated to propel market expansion.
The North American Region to render Ample Revenue Opportunities
Aircraft rotor-disc brakes are sold throughout North America, South America, Asia Pacific, Europe, and the Middle East & Africa, according to region. Due to rising aircraft orders from nations like the United States, Canada, and Mexico, North America is anticipated to control the market over the forecast period. The growth of the region is also anticipated to be aided by the presence of important players in the area and effective government initiatives to boost air travel.
Some of the major companies in the aviation rotor-disc brake industry are Safran SA, Honeywell International Inc., AIM Aerospace Inc., Lord Corporation, Meggitt PLC, United Technologies Corporation, UTC Aerospace Systems, Triumph Group Inc., the Timken Company, and Boeing. To acquire an advantage in the market for aviation rotor-disc brakes, these businesses are concentrating on tactics including product releases and partnerships.
Recent Developments in the Aircraft Rotor-Disc Brakes Market
• The debut of Goodrich Corporation's new line of carbon brakes was announced for 2020. Goodrich Corporation is a UTC Aerospace Systems business. The business has created cutting-edge aircraft rotor-disc brakes that benefit airline operators financially and in terms of performance.
• For large commercial aircraft platforms, Airbus SAS debuted its innovative Carbon Brake Technology (CBT) in 2019. Reduced weight, better braking performance, and a lower total cost of ownership are all benefits of this technology.
Aircraft Rotor-Disc Brakes Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 3.92 billion|
|Growth Rate||CAGR of6.27 % during 2022-2031|
|Segment Covered||by Type, By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Safran SA, Honeywell International Inc., AIM Aerospace Inc., Lord Corporation, Meggitt PLC, United Technologies Corporation, UTC Aerospace Systems, Triumph Group Inc., the Timken Company, and Boeing.|
Key Segments of the Global Aircraft Rotor-Disc Brakes Market
By Type Overview, 2021-2031 (USD Billion)
- Carbon Brakes
- Expander Tube Brakes
By Application Overview, 2021-2031 (USD Billion)
By End User Overview, 2021-2031 (USD Billion)
By Regional Overview, 2021-2031 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and Africa