Management Consulting, Market Research Company, Market Research Firms

Growth Opportunities in the Global Aircraft Carbon

Braking System Market 2018-2023

Trends, Forecast, and Opportunity Analysis

Published November 2017

Lucintel, a premier global management consulting and market research firm,

creates your equation for growth — whether you need to understand market

dynamics, identify new opportunities or increase your profitability.

Table of Contents

Table of Contents ................................................................................... 2

List of Figures ........................................................................................ 4

List of Tables .......................................................................................... 7

Disclaimer .............................................................................................. 9

Copyright ................................................................................................ 9

Abbreviations ....................................................................................... 10

About Us ............................................................................................... 11

1. Executive Summary .......................................................................... 13

2. Global Aircraft Carbon Braking System Market Dynamics................ 18

2.1 Introduction, Background, and Classifications .................................. 18

2.2 Supply Chain .................................................................................. 25

2.3 Industry Drivers and Challenges ...................................................... 26

3. Market Trend and Forecast Analysis from 2012 to 2023 ................... 31

3.1 Macroeconomic Trends and Forecast ................................................ 32

3.2 Global Aircraft Carbon Braking System Market Trends and Forecast ... 40

3.3 Global Aircraft Carbon Braking System Market by Aircraft Type ........ 43

3.3.1 Commercial Aircraft ................................................................ 49

3.3.2 Business Jets ........................................................................ 51

3.3.3 Regional Aircraft .................................................................... 53

3.3.4 Military Aircraft ...................................................................... 55

4. Market Trends and Forecast Analysis by Region ............................. 58

4.1 Global Aircraft Carbon Braking System Market by Region ................... 58

4.2 North American Aircraft Carbon Braking System Market ..................... 64

4.3 European Aircraft Carbon Braking System Market .............................. 67

4.4 APAC Aircraft Carbon Braking System Market .................................... 70

4.5 ROW Aircraft Carbon Braking System Market ..................................... 73

5. Competitor Analysis ......................................................................... 77

5.1 Product Portfolio Analysis ................................................................. 77

5.2 Ranking of Major Players .................................................................. 78

5.3 Geographical Reach ......................................................................... 79

5.4 Operational Integration ..................................................................... 80

5.5 Porter’s Five Forces Analysis ............................................................ 81

6. Growth Opportunities and Strategic Analysis .................................. 87

6.1 Growth Opportunity Analysis ........................................................... 87

6.1.1 Growth Opportunities for the Global Aircraft Carbon Braking

System Market by Aircraft Type .............................................. 87

6.1.2 Growth Opportunities for the Global Aircraft Carbon Braking

System Market by Region ....................................................... 89

6.2 Emerging Trends in the Global Aircraft Carbon Braking System Market91

6.3 Strategic Analysis ............................................................................. 93

6.3.1 Capacity Expansion of the Global Aircraft Carbon Braking System

Market ................................................................................... 93

6.3.2 Mergers, Acquisitions and Joint Ventures in the Global Aircraft

Carbon Braking System Market ............................................... 95

7. Company Profiles of Leading Players ............................................... 96

7.1 Safran (Messier-Bugatti-Dowty) ......................................................... 96

7.2 Honeywell ........................................................................................ 98

7.3 Meggitt ........................................................................................... 100

7.4 UTC Aerospace Systems ................................................................ 103

7.5 Crane Aerospace ............................................................................ 105

List of Figures

Figure 2.1: A Carbon Braking System

Figure 2.2: Classification of the Aerospace Industry by Aircraft Type

Figure 2.3: Material Distribution (%) in Various Wide-Body Aircraft

Figure 2.4: Evolution in Composite Applications

Figure 2.5: Supply Chain of the Global Aircraft Carbon Braking System Market

Figure 2.6: Drivers and Challenges for the Global Aircraft Carbon Braking

System Market

Figure 3.1: Trends of the Global GDP Growth Rate (2012-2017)

Figure 3.2

: Trends of the Regional GDP Growth Rate (2012-2017)

Figure 3.3: Air Passenger Traffic Growth Rate Trends (2012-2017) Source: IATA

Figure 3.4: Trends of Aircraft Deliveries (2012-2017)

Figure 3.5

: Forecast for the Global GDP Growth Rate (2017-2022)

Figure 3.6

: Forecast for the Regional GDP Growth Rate (2018-2023)

Figure 3.7: Forecast for Aircraft Deliveries (2018-2023)

Figure 3.8: Trends and Forecast for the Global Aircraft Carbon Braking System

Market (2012-2023)

Figure 3.9: Trends of the Global Aircraft Carbon Braking System Market ($M) by

Type (2012-2017)

Figure 3.10: Forecast for the Global Aircraft Carbon Braking System Market

($M) by Type (2018-2023)

Figure 3.11: Trends of the Global Aircraft Carbon Braking System Market (Units)

by Aircraft (2012-2017)

Figure 3.12: Forecast for the Global Aircraft Carbon Braking System Market

(Units) by Aircraft (2018-2023)

Figure 3.13: Trends and Forecast for Carbon Brakes in the Global Aerospace

Commercial Aircraft Market (2012-2023)

Figure 3.14: Trends and Forecast for Carbon Brakes in the Global Aerospace

Business Jet Market (2012-2023)

Figure 3.15: Trends and Forecast for Carbon Brakes in the Global Aerospace

Regional Aircraft Market (2012-2023)

Figure 3.16: Trends and Forecast for Carbon Brakes in the Global Aerospace

Military Aircraft Market (2012-2023)

Figure 4.1: Trends of the Global Aircraft Carbon Braking System Market ($M) by

Region (2012-2017)

Figure 4.2: Forecast for the Global Aircraft Carbon Braking System Market ($M)

by Region (2018-2023)

Figure 4.3: Trends of the Global Aircraft Carbon Braking System Market (Units)

by Region (2012-2017)

Figure 4.4: Forecast for the Global Aircraft Carbon Braking System Market

(Units) by Region (2018-2023)

Figure 4.5: Trends and Forecast for the North American Aircraft Carbon Braking

System Market (2012-2023)

Figure 4.6: Trends and Forecast for the European Aircraft Carbon Braking

System Market (2012-2023)

Figure 4.7: Trends and Forecast for the APAC Aircraft Carbon Braking System

Market (2012-2023)

Figure 4.8: Trends and Forecast for the ROW Aircraft Carbon Braking System

Market (2012-2023)

Figure 5.1: Major Aircraft Carbon Braking System Suppliers’ Locations

Figure 5.2: Porter’s Five Forces Analysis for the Global Aircraft Carbon Braking

System Market

Figure 6.1: Growth Opportunities for the Global Aircraft Carbon Braking System

Market ($M) by Aircraft Type

Figure 6.2: Growth Opportunities for the Global Aircraft Carbon Braking System

Market ($M) by Region

Figure 6.3: Emerging Trends in the Global Aircraft Carbon Braking System

Market

Figure 6.4: Capacity Expansion in the Global Aircraft Carbon Braking system

Market

Figure 7.1: Major Plant Locations of Safran's Carbon Braking Systems

Figure 7.2: Major Plant Location of Honeywell's Carbon Braking Systems

Figure 7.3: Major Plant Location of Meggitt's Carbon Braking Systems

Figure 7.4: Major Plant Location of UTC's Aerospace Carbon Braking Systems

Figure 7.5: Major Plant Location of Crane's Aerospace Carbon Braking Systems

List of Tables

Table 1.1: Global Aircraft Carbon Braking System Market Parameters and

Attributes

Table 0.1: Carbon Brake Weight Savings

Table 2.2: Usage of Composites (%) in Various Aircraft Models

Table 3.1: Market Trends of the Global Aircraft Carbon Braking System Market

(2012-2017)

Table 3.2: Market Forecast for the Global Aircraft Carbon Braking System

Market

Table 3.3: Market Size and CAGR of Various Aircraft Types in the Global

Aircraft Carbon Braking System Market by Value (2012-2017)

Table 3.4: Market Size and CAGR of Various Aircraft Types in the Global

Aircraft Carbon Braking System Market by Value (2018-2023)

Table 3.5: Market Size and CAGR of Various Aircraft Types in the Global

Aircraft Carbon Braking System Market by Volume (2012-2017)

Table 3.6: Market Size and CAGR of Various Aircraft Types in the Global

Aircraft Carbon Braking System Market by Volume (2018-2023)

Table 3.7: Market Trends of Commercial Aircraft in the Global Aircraft Carbon

Table 3.8: Market Forecast for Carbon Brakes in the Global Aerospace

Commercial Aircraft Market (2018-2023)

Table 3.9: Market Trends of Carbon Brakes in the Global Aerospace Business

Jet Market (2012-2017)

Table 3.10: Market Forecast for Carbon Brakes in the Global Aerospace

Business Jet Market (2018-2023)

Table 3.11: Market Trends of Carbon Brakes in the Global Aerospace Regional

Aircraft Market (2012-2017)

Table 3.12: Market Forecast for Carbon Brakes in the Global Aerospace

Regional Aircraft Market (2018-2023)

Table 3.13: Market Trends of Carbon Brakes in the Global Aerospace Military

Aircraft Market (2012-2017)

Table 3.14: Market Forecast for Carbon Brakes in the Global Aerospace Military

Aircraft Market (2018-2023)

Table 4.1: Market Size and CAGR of Various Regions of the Global Aircraft

Carbon Braking system Market by Value (2012-2017)

Table 4.2: Market Size and CAGR of Various Regions of the Global Aircraft

Carbon Braking system Market by Value (2017-2022)

Table 4.3: Market Size and CAGR of Various Regions of the Global Aircraft

Carbon Braking system Market by Volume (2012-2017)

Table 4.4: Market Size and CAGR of Various Regions of the Global Aircraft

Carbon Braking system Market by Volume (2018-2023)

Table 4.5: Market Trends of the North American Aircraft Carbon Braking System

Market (2012-2017)

Table 4.6: Market Forecast for the North American Aircraft Carbon Braking

System Market (2018-2023)

Table 4.7: Market Trends of the European Aircraft Carbon Braking System

Market

Table 4.8: Market Forecast for the European Aircraft Carbon Braking System

Market (2018-2023)

Table 4.9: Market Trends of the APAC Aircraft Carbon Braking System Market

(2012-2017)

Table 4.10: Market Forecast for the APAC Aircraft Carbon Braking System

Market

Table 4.11: Market Trends of the ROW Aircraft Carbon Braking System Market

(2012-2017)

Table 4.12: Market Forecast for the ROW Aircraft Carbon Braking System

Market

Table 5.1: Product Mapping of Carbon Brake Suppliers Based on Aircraft Type

Table 5.2: Global Rankings of Aircraft Carbon Braking System Suppliers by

Revenue in 2017

Table 5.3: Presence of Aircraft Carbon Braking System Suppliers across the

Value Chain

Disclaimer

It has been our intent to maintain the accuracy of the information presented in

this report. However, because of many circumstances beyond our direct control,

Lucintel does not make any guarantees, expressed or implied, to the accuracy

of the information contained in this report. Much of the information provided in

this report is obtained from third-party industry sources, along with suppliers,

producers and other sources, for which Lucintel cannot make any assurances or

guarantees on their behalf.

Copyright

This report is protected by copyright of Lucintel. No part of this report may be

copied or distributed without prior express written permission from Lucintel. This

report is intended only for the use of the buyer or the company of the buyer,

which he/she represents and cannot be distributed in any form, electronic or

otherwise, or be given to any third party without prior written permission.

Abbreviations

APAC

Asia Pacific

CAGR

Compound Annual Growth Rate

EU

European Union

FRP

Fiber Reinforced Plastic

IMF

International Monetary Fund

GDP

Gross Domestic Product

NA

North America

OEM

Original Equipment Manufacturers

ROW

Rest of World

Conversion Factors:

1 USD to Euro Conversion Rate from 2011 to 2016

2011 0.7188

2012 0.7781

2013 0.7532

2014 0.7535

2015 0.9004

2016 0.9000

2017 0.8900

About Us

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1. Executive Summary

NOTE: This report studies the global aircraft carbon braking system market

in terms of value (in US$ million) and volume (units) with an in-depth

analysis of all four regions, which are North America, Europe, Asia Pacific

(APAC), and the Rest of the World (ROW). This report also includes the

global aircraft carbon braking system market by aircraft type, such as

commercial aircraft, regional aircraft, business jets, and military aircraft.

In 2017, global aircraft carbon braking system shipments reached an estimated

7,357 million units with a value of US $1,333.6 million. The market is expected

to grow to $1787.6 million by 2023 at a compound annual growth rate (CAGR) of

4.5% over the forecast period from 2018 to 2023. During the trend period from

2012 to 2017, North America was the largest region of the global aircraft carbon

braking system market followed by Europe and ROW. North America is the hub

of aircraft and aircraft component manufacturing. North America is the largest

region for aircraft deliveries worldwide. Major customers of landing gear such as

Boeing, Cessna, Gulfstream Aerospace Corporation, and others, are located in

this region, which is a major driver for the carbon brake market in North

America. APAC and ROW witnessed higher growth rates due to rapidly

escalating demand for carbon brakes from OEMs and aircraft component

manufacturers, especially in China and India.

Year-on-year demand (in millions of dollars and carbon brake unit shipment)

changes in the segments of the global aircraft carbon braking system market in

2017 were as follows:

 Commercial Aircraft

:2.7% by value, 2.3% by volume

 Regional Aircraft

:-8.2% by value, -4.1% by volume

 Business Jets

:23% by value, 22.2% by volume

 Military Aircraft

:-4.6% by value, -7.1% by volume

Year-on-year demand (in millions of dollars and carbon brake unit shipment)

changes in the global aircraft carbon braking system market by region in 2017

were as follows:

 North America

: 1.0% by value, 1.0% by volume

 Europe

: 6.0% by value, 5.6% by volume

 APAC

: 73.3% by value, 75.0% by volume

 ROW

: 1.7% by value, 1.2% by volume

In terms of regions, North America was the largest region with 49.8% of the

global aircraft carbon braking system market in 2017 by value, followed by

Europe. The North American aircraft carbon braking system market is increasing

due to growth in aircraft manufacturing in this region. APAC is although a small

region in the global aerospace carbon braking system market but presents

excellent growth potential.

The largest segment by aircraft was commercial aircraft with 61.9% contribution

in 2017, and it is expected to remain the largest segment during the forecast

period. Commercial aircraft holds the maximum share, as the total rate of

delivery of commercial aircraft is greater than other types of aircraft. Much of the

growth in the global aircraft carbon braking system market can be attributed to

the following factors:

 Growth is supported by increasing aircraft deliveries. A rise in the

demand for commercial and regional aircraft is expected in the future,

which will directly augment the demand for aircraft carbon braking

system.

 Expected growth from emerging economies, such as China, India, and the

Middle Eastern countries, due to rapid economic growth, growing middle

class, and an increase in disposable income.

 The launch of wide-body aircraft, such as Boeing B787 and Airbus

A350XWB, will increase aircraft delivery, resulting in the growth of the

aircraft carbon braking system market.

Over the forecast period from 2018 to 2023, the global aircraft carbon braking

system market is expected to increase at a CAGR of 4.5% and 3.5% in terms of

value and volume respectively. Commercial aircraft is expected to be the largest

segment during the forecast period due to an increase in the total deliveries of

commercial aircraft A350XWB, A380, B737 and development of new aircraft,

such as A320Neo, and C919. The North American market is expected to be the

largest during the forecast period, as the region will witness a high demand for

aircraft.

The leading growth markets in the global aircraft carbon braking system market

by aircraft type from 2018 to 2022, with their growth rate (CAGR) in terms of

value and volume are mentioned below.

The leading growth regions in the global aircraft carbon braking system market

by aircraft type from 2018 to 2022, with their growth rate (CAGR) in terms of

value and volume (in millions of dollars and carbon brake unit shipment) are

projected to be as follows:

 North America

: 4.8% by value, 3.8% by volume

 Europe

: 3.9% by value, 2.9% by volume

 APAC

: 14.2% by value, 13.0% by volume

 Commercial Aircraft

: 5.1% by value, 4.0% by volume

 Business Jets

: 3.6% by value, 3.1% by volume

A summary of the global aircraft carbon braking system market and its attributes

is provided in the following table.

Table 1.1: Global Aircraft Carbon Braking System Market Parameters and

Attributes

Market Parameters – Global Aircraft Carbon Braking

System Market

Attributes

Market Stage

Growth Stage

Market Trend Growth Rate CAGR by Value (2012-2017)

4.0%

Market Size ($M) of the Global Aircraft Carbon Braking

System Market in 2017

$1,333.6 Million

(€1,466.96 Million)

Market Size ($M) of the Global Aircraft Carbon Braking

System Market in 2023

$1787.7 Million

Market Growth Rate for Forecast Period by Value

(2018-2023)

4.5%

Degree of Technical Change (Year-over-Year)

Moderate

Major Competitors

More than 5

Degree of Competition

Moderate

Strategic Implications for Suppliers in the Global Aircraft Carbon Braking

System Market

From the analysis presented, aircraft carbon braking system suppliers will

recognize that valuable opportunities exist in the global aircraft carbon braking

system market due to impressive trends in demand, quantity, and growth, based

on various applications in the aerospace industry and regional factors.

Marketing strategies tailored to take advantage of these conditions should result

in improved revenue and profitability. Moderate opportunities exist in the long

run due to changing rapid globalization, performance requirements, regulatory

issues, and others. The following trends are particularly noteworthy:

 Under the present circumstances, the market is expected to show continued

growth in the future, as aircraft delivery is increasing with growing usage of

composite materials and rise in air traffic, which will accelerate the market

growth.

 Rising aircraft demand is due to the following reasons:

– Growth of the airline industry in APAC and the Middle Eastern

countries has increased the demand for carbon brake.

– Replacement of aging aircraft with more fuel-efficient aircraft in North

America

 Commercial aircraft have the highest growth rate.

 Any future mergers, acquisitions, and consolidation activities among aircraft

carbon braking system producers necessitate a strategy for all participants

that must compete and deal with more highly leveraged and influential

entities in this industry.

2. Global Aircraft Carbon Braking System

Market Dynamics

2.1 Introduction, Background, and Classifications

Very early aircraft had no braking system to slow and stop the aircraft while it

was on the ground. Instead, they relied on slow speeds, soft airfield surfaces,

and the friction developed by the tail skid to reduce speed during ground

operation. Brake systems designed for aircraft became common after World War

I as the speed and complexity of aircraft increased and the use of smooth,

paved runway surfaces proliferated. All modern aircraft are equipped with

brakes. Their proper functioning is relied upon for safe operation of the aircraft

on the ground. The brakes slow the aircraft and stop it in a reasonable amount

of time. They hold the aircraft stationary during engine run-up and, in many

cases, steer the aircraft while it is taxiing.

In the typical brake system, mechanical and/or hydraulic linkages to the rudder

pedals allow the pilot to control the brakes. Pushing on the top of the right

rudder pedal activates the brake on the right main wheel(s) and pushing on the

top of the left rudder pedal operates the brake on the left main wheel(s). The

basic operation of brakes involves converting the kinetic energy of motion into

heat energy through the creation of friction. A great amount of heat is developed

and forces on the brake system components are demanding. Proper adjustment,

inspection, and maintenance of the brakes is essential for effective operation.

Modern aircraft typically use disc brakes. The disc rotates with the turning wheel

assembly while a stationary caliper resists the rotation by causing friction

against the disc when the brakes are applied. The size, weight, and landing

speed of the aircraft influence the design and complexity of the disc brake

system. Single, dual, and multiple disc brakes are common types of brakes.

Segmented rotor brakes are used on large aircraft. Expander tube brakes are

found on older large aircraft. The use of carbon discs is increasing in the

modern aviation fleet.

Aircraft brakes help aircraft stop safely in tracks. Traditionally steel brakes

played vital role in aircraft brakes but in recent time innovative, durable, and

lightweight carbon brakes are bringing improvement in aircraft carbon braking

efficiency. Carbon brakes have much faster cooling rate versus steel brakes.

Steel brakes require over an hour to cool down. Carbon brakes also operate

better at higher temperature than steel brakes.

Usage of carbon brakes increases the fuel efficiency of aircraft as carbon brakes

are lighter in weight than steel brakes.

Carbon brakes are approximately forty percent lighter than conventional brakes.

On a large transport category aircraft, this alone can save several hundred

pounds in aircraft weight. The carbon fiber discs are noticeably thicker than

sintered steel rotors but are extremely light. They are able to withstand

temperatures fifty percent higher than steel component brakes. The maximum

designed operating temperature is limited by the ability of adjacent components

to withstand the high temperature. Carbon brakes have been shown to withstand

two to three times the heat of a steel brake in non-aircraft applications. Carbon

rotors also dissipate heat faster than steel rotors. A carbon rotor maintains its

strength and dimensions at high temperatures. Moreover, carbon brakes last

twenty to fifty percent longer than steel brakes, which results in reduced

maintenance.

Figure 2.1: A Carbon Braking System

The only impediment to carbon brakes being used on all aircraft is the high cost

of manufacturing. The price is expected to lower as technology improves and

greater numbers of aircraft operators enter the market.

Carbon Usage in Aircraft Carbon Brakes

A Carbon/Carbon (C/C) composite is used in manufacturing of aircraft brake

disc. C/C composite brakes are used in several military and commercial aircraft.

Unique combination of properties like high specific heat, thermal conductivity,

retention of mechanical strength at elevated temperatures, good thermal shock

resistance, lightweight, and excellent friction and wear characteristics make

them ideal candidate for aircraft brake application. The use of carbon discs is

increasing in modern aircraft.

Advantages of Carbon Brakes

Faster Cooling

Carbon brakes take less time to cool than steel brakes. Carbon brakes operate

better at higher temperatures. Due to reduced cooling time, the aircraft spend

less time on the ground and planes can turn more quickly for the next flight.

Lighter Weight

On an aircraft carbon brakes can save approximately 2,000 pounds of weight

which increase the fuel efficiency. Lighter weight enhances operational flexibility

which allows aircraft to carry more fuel, cargo, and passengers.

Table 2.1: Carbon Brake Weight Savings

(Source: Boeing)

Airplane Model

Weight Savings in LBS

737-600/700

550

737-600/700/800/900/900ER

700

757

550

767

800

MD-10 Freighter

976

Less Maintenance

Carbon brakes require less maintenance than steel brakes. Carbon brakes have

longer service life. Due to less maintenance and longer service life, carbon

brakes have a lower cost of operation.

Shorter Stopping Distance

Carbon brakes help in stopping the aircraft in shorter distance which provides

enhanced safety when landing in shorter runways. Carbon brakes reduce the

stopping distance.

Aerospace Industry

The aerospace industry is divided into commercial aircraft, regional aircraft,

general aviation, military aircraft, and helicopter segments as shown in the

following figure.

Figure 2.2: Classification of the Aerospace Industry by Aircraft Type

The global aircraft carbon braking system market covers four segments of the

aerospace industry: commercial aircraft, regional aircraft, business jets, and

military aircraft.

The carbon brake market covers the aerospace market.

Commercial aircraft

Aerospace Industry

Commercial

Aircraft

Regional

Aircraft

Military

Aircraft

Helicopters

- Narrow-

body Aircraft

- Wide-body

Aircraft

- Turboprop

- Jets

- Fighter

- Transport

- Bomber

- Trainer

- Civil

- Military

General

Aviation

- Piston

- Turboprop

- Business Jet

Carbon brakes are installed in most of the commercial aircraft due to their light

weight and longer service life.

With increasing penetration of composites in manufacturing aircraft and its

different parts replacing metals, such as steel and aluminum, there is a surging

need of material or technology. Composites are best materials when it comes to

weight and strength. Therefore, the demand for carbon brake is increasing with

the growing usage of composites. The following figure shows different material

(aluminum, steel, titanium, composites, and glare) distribution (%) in the

aerospace industry.

Figure 2.3: Material Distribution (%) in Various Wide-Body Aircraft

Regional Aircraft

Regional jets can be divided into two categories: jet aircraft and turboprop.

Bombardier, Embraer, and ATR are the key players in the market.

Business Jets

Business jets are small aircraft in comparison of commercial and regional

aircraft. Business jets are one of the major segments of aerospace industry.

Business jets have seating capacity of 8-10 passengers.

Military Aircraft

81%

13%

4%

1%

77%

10%

6%

3%

4%

70%

11%

7%

11%

1%

20%

10%

15%

50%

5%

66%

6%

14%

8%

61%

5%

22%

7%

19%

6%

14%

53%

8%

0%

20%

40%

60%

80%

100%

Aluminum Steel Titanium Composite Others

Material % of Total Weight

Material Distribution (%) in Various Wide-Body Aircraft

B747 B767 B777 B787 A320 A380 A350

Carbon brakes in military aircraft are key requirements as these aircraft are

used for military operations in all weather. Military aircraft includes fighter,

transport, bomber, and trainer.

Evolution of Composites’ Usage in Aerospace Application

The use of composites has been higher in Airbus aircraft than in others, such as

Boeing and McDonnell Douglas. The plotted data indicates a boost in the use of

composites over the last three decades from lightly loaded secondary structures

to control surfaces to more heavily loaded primary structures of Airbus and

Boeing.

Figure 2.4: Evolution in Composite Applications

The major concern today in the aerospace industry is the reduction of weight

and the improvement of fuel economy. As a result, composites have become the

predominant material of choice for today’s aircraft manufacturing. Carbon brakes

are gaining momentum in parallel with composites.

Nowadays, more and more lightweight materials, such as fiber reinforced

plastics, are being used in aircraft manufacturing. Fuselages, wings, rudders,

and ailerons are constructed from these lightweight composites. With boost in

composites usage in aircraft manufacturing, carbon brake is mandatory for

aircraft manufacturers. Aluminum, which was used as a major material in

aircraft, is higher in weight than composites. With heightening demand for

lightweight and fuel efficient aircraft, composites usages in aircraft

manufacturing is also increasing.

2.2 Supply Chain

Aircraft carbon braking systems are supplied by carbon brake manufacturers,

such as Safran, Meggitt, UTC, Honeywell, and Crane Aerospace. Carbon brakes

are now widely used in the aerospace industry with increasing use of

composites in aircraft construction due to the growing need of developing

lightweight aircraft with high fuel efficiency. The continuous growth of the

aerospace industry has forced the market players to innovate, resulting in a high

competitive intensity in each node of the supply chain. The supply chain

structure of the aircraft carbon brake market is indicated in the figure below.

Figure 2.5: Supply Chain of the Global Aircraft Carbon Braking System Market

Carbon aircraft braking systems are made of Carbon/Carbon material. The raw

materials, such as carbon fiber, and others, are used to manufacture aircraft

carbon braking systems,

Major raw material suppliers in the global aircraft carbon braking system market

are SGL Group, Hexcel, and Zoltek. Carbon brakes are increasingly used in

aircraft. Nascon Aircraft Brake Inc., SGL Group, and others are some of the key

component manufacturers in the aerospace industry; they supply brake disks,

rotating disks, brake pads, and others. Aircraft OEMs, such as Boeing, Airbus,

Bombardier, Embraer, and Dassault Falcon, among others, are the end users

who assemble aircraft parts.

2.3 Industry Drivers and Challenges

The following figure illustrates the key drivers and challenges for the global

aircraft carbon braking system market.

Raw Material

Suppliers

Brake

Component

Manufacturers

 Carbon Fiber

- Carbon Brake

- SGL Group

- Hexcel

- Toray

- Toho Tenax

- Nasco Aircraft

Brake Inc.

- CFC CARBON Co.,

Ltd.

- SGL Group

Carbon

Braking

System

Manufacturers

End User

Commercial aircraft

- Airbus

- Boeing

Regional Aircraft

- Embraer

- Bombardier

Military Aircraft

- Lockheed Martin

- Sikorky

- Northrop

Grumman

Business Jets

- Gulfstream

- Cessna

- Brake Disk

- Disk Rotating

- Brake Pad

- Safran (Messier

Bugatti Dowty)

- Meggitt

- UTC

- Honeywell

- Crane Aerospace

Figure 2.6: Drivers and Challenges for the Global Aircraft Carbon Braking

System Market

Drivers for the Global Aircraft Carbon Braking System Market

The following are the drivers of the global aircraft Carbon braking system

market.

 Increasing penetration of composites in new aircraft programs

The growth of the global aircraft carbon braking system market is driven by

the increasing penetration of composites in aircraft. There is increasing

penetration in some aircraft programs, such as the Boeing B787 and the

A380 and A350XWB of Airbus, and this drives the aerospace carbon

market.

Aerospace (Boeing’s B787 and Airbus’ A380 and A350XWB) and regional

aircraft (Bombardier’s C series aircraft) have high penetration of

 Increasing penetration of composites in new aircraft programs

 Proliferating aircraft deliveries

 Durability and increased efficiency of carbon brakes

 Limited applications

 Approval for new materials/products is a lengthy process

Drivers

Challenges

composites, which is expected to drive the demand for the aircraft carbon

braking system market:

− According to Boeing, the advantages of significantly increased use of

composites (50% by weight) apart from weight/economy benefits are

greater cabin pressure, larger windows, less corrosion, and extended

maintenance schedules. These are the key drivers behind the Boeing

787 design.

− Boeing 787 makes a greater use of composite materials in its airframe

and primary structure than any previous Boeing commercial airplanes.

This approach offers weight savings on an average of 20% as

compared to more conventional aluminum designs.

With the expanding use of composites in aircraft, OEMs are adopting carbon

brakes, which are expected to trigger the demand for carbon brakes in the near

future. Carbon brakes require lesser maintenance as compared to steel brakes.

Table 2.2: Usage of Composites (%) in Various Aircraft Models

Year

Aircraft Model

Composites (%)

1981

A310

5%-6%

1983

B757

5%-6%

1985

B767

6%

1986

A320

10%

1996

777

11%

1999

A340

11%

2001

A340-500/600

13%-15%

2004

A380

22%

2006

A400M

33%-35%

2009

A350

35%-38%

2009

B787

50%

2013

A350 XWB

53%

2015

B787

50%

 Proliferating aircraft deliveries

Growth of the aircraft carbon braking system market is also dependent on

increasing production of aircraft. There is a hike in orders and deliveries of

commercial and regional aircraft that boosted the demand for carbon brakes.

According to Airbus, the world’s fleet of passenger aircraft will grow to

approximately 31,500 by 2030. At the same time, 14,000 aircraft from the

existing fleet will be replaced by more eco-efficient models. Approximately 1,300

very large passenger aircraft will link the world’s major aviation hubs. Of the

new deliveries, 45% of very large passenger aircraft will be delivered to airlines

in the APAC region. Airbus predicts that the greatest demand for passenger

aircraft will come from airlines in the US and the People’s Republic of China.

North American and European airlines will receive 22% of the total, and APAC’s

airlines are forecast to take 34% of new deliveries. In addition, the world’s

airlines will require nearly 5,000 smaller aircraft to serve regional demand,

especially in the US and Europe. By 2030, airlines across the world will take

delivery of more than 26,900 new passenger aircraft, worth $3.3 trillion at

current list prices.

 Durability and Increased Efficiency of Carbon Brakes

Compared to steel brakes, carbon brakes are more efficient and offer higher

performance. C/C composites are easily adapted to the friction, maintaining the

constant level of efficiency whether hot or cold, at both low and high speeds.

Carbon brakes are more durable as they are insensitive to thermal shock and

mechanical fatigue. Brakes made of C/C provide better endurance, increasing

the longevity of the brake discs and lengthening the intervals between

replacements.

The features of carbon brakes mentioned above result in lower cost, which is an

important economical criterion for airlines and therefore for aircraft

manufacturers.

Challenges for the Global Aircraft Carbon Braking Systems Market

 Limited applications of carbon brakes

Carbon brakes are still not used in all aircraft programs. Although carbon

brakes reduce the overall operating cost, they are costlier in comparison

to other material brakes. However, the operating cost of carbon brakes is

much lower than steel brakes because carbon brakes require lower

maintenance cost. Carbon brake manufacturers are witnessing the steady

growth in adoption of carbon brakes by aircraft OEMs.

 Approval for new materials/products is a lengthy process

Because the aerospace industry must be very conservative in adopting

new materials, it takes a long time to approve materials. Carbon brakes

also have to face several testing and approvals before implementation.

However, recent trends show that carbon brakes have been adopted and

are being installed in old aircraft models also.

3. Market Trend and Forecast Analysis

from 2012 to 2023

Brakes convert excess kinetic energy into thermal energy by increasing the

friction. Increasing the amount of friction (the resistance offered to motion of a

vehicle) reduces the speed of motion of the vehicle. Braking systems employ

this principle to slow down or stopping the aircraft.

This chapter presents the analysis of the aircraft carbon braking system market

by aircraft type (commercial aircraft, regional aircraft, business jets, and military

aircraft) and region. With the widespread use of composites in new technology

aircraft, such as the Boeing 787, Airbus A350XWB, Bombardier C Series, and

Embraer E-Jets entering into service, the market for carbon brake is also

expanding.

The commercial aircraft segment has the largest share in the global aircraft

carbon braking system market due to higher number of deliveries and increasing

passenger traffic.

3.1 Macroeconomic Trends and Forecast

Macroeconomic Trends

Economic factors, such as trends in GDP, population growth, and per capita

income have a significant influence on the global aircraft

carbon

braking

system market. As economies recover after a prolonged recession, an

increase in the aircraft delivery influences the aircraft

carbon

braking system

market for expansion across the globe. The aircraft

carbon

braking system

market grew at a CAGR of 4.0% from 2012 to 2017 by value.

The global economy showed an increasing growth in 2017, leading to increasing

economic growth. The global economic growth rose to 3.1% in 2017. The major

economies showed upward revision in the Euro area, Japan, and emerging Asia.

Among advanced economies, domestic demand and output grew faster in 2017.

In the USA, business investment continued to strengthen, partly reflecting a

recovery in the energy sector. In the Euro area and Japan, stronger private

consumption, investment, and external demand bolstered overall growth

momentum in 2017. Growth in most of the other advanced economies, with the

notable exception of the United Kingdom, picked up in the first half of 2017 from

its pace in the second half of 2016, with both domestic and external demand

contributing.

The rise in demand for and delivery of new aircraft are expected to boost the

consumption of carbon brake in the global aerospace market in the near future.

Figure 3.1: Trends of the Global GDP Growth Rate (2012-2017)

APAC is leading in regional economic growth in 2017. APAC remained the

strongest region in terms of global economic growth in 2017, due to the growth

in China and other emerging parts of APAC remained strong. Higher domestic

demand in China and continued recovery in key emerging market economies

supported growth in 2017. In India, growth momentum slowed, reflecting the

lingering impact of the authorities’ currency exchange initiative as well as

uncertainty related to the midyear introduction of the country-wide Goods and

Services Tax. Higher external demand boosted growth in other emerging market

economies in East Asia. The economic growth in advanced economies picked up

in 2017, with notable growth in USA, Canada, and the Euro area. The economic

growth in Canada and USA led to the increasing growth in North America region.

The emerging economies in ROW, such as in Brazil, strong export performance

and a diminished pace of contraction in domestic demand allowed the economy

to return to positive growth in 2017, after eight quarters of decline.

Figure 3.2

: Trends of the Regional GDP Growth Rate (2012-2017)

With the rise in the global GDP growth rate, the aerospace market also gained

momentum. The GDP of any country largely affects various sectors or industries

in that economy. Therefore, the rise in global GDP also has had an impact on

the aerospace sector. Increasing GDP indicates a positive growth in the

economy with positive contribution to the aerospace market. The aerospace

market is a major generator of employment and economic activities in airline and

airport operations, aircraft maintenance, and air traffic management, directly

serving air passengers.

The global GDP indirectly impacts the global aircraft carbon braking system

market because growth in GDP is a sign of growth in economic activity. This

sign drives the employment level, resulting in high income, which leads to

increased spending on luxury. The aerospace market receives the positive

impact of this with more people traveling by air, leading to an increase in

passenger traffic. This leads to a rise in frequent flights, rise in number of

deliveries, and active aircraft fleet. These factors have augmented the demand

for aircraft in the aerospace market, enhancing the expansion of the aircraft

carbon braking system market. APAC has the highest GDP growth rate of all

regions, thus positively impacting the global aircraft carbon braking system

market.

Figure 3.3: Air Passenger Traffic Growth Rate Trends (2012-2017) Source: IATA

The air passenger traffic rate indicates the propensity of people to travel by air.

With the rise in air passenger traffic, the demand for new aircraft has also

increased. With rising air passenger traffic, the demand for new aircraft has also

increased. Growing air passenger traffic is also leading to a continuous demand

for deliveries of new aircraft and replacement of old aircraft by more fuel-

efficient aircraft with increasing composites content. This shows a positive trend

for the aircraft carbon braking system market.

Source: Lucintel

Figure 3.4: Trends of Aircraft Deliveries (2012-2017)

The figure above represents the aircraft delivery trends of aircraft from 2012 to

2017. The trends show that there was a continuous increase in deliveries of

commercial aircraft and regional aircraft from 2012 to 2017. Aircraft deliveries

rose as a result of increased orders and backlogs. Increasing orders and

deliveries of different aircraft increased the demand for the carbon brake market

during the trend period.

Macroeconomic Forecast

As per Lucintel estimates, the global real GDP is likely to grow at an average

rate of 3% over the forecast period from 2018 to 2023, underpinned by growth in

consumption, investments, and exports. The global economic recovery is

expected to lead the growth at an annual rate of 3.1% in 2018. The key sectors,

such as retail trade, construction, mining, and manufacturing, are expected to

ramp up economic growth in 2018. The global GDP growth is likely to increase

by 3.1% in 2018 and 3% in 2019 due to economic recovery in major countries,

such as China, Japan, and the US.

Figure 3.5

: Forecast for the Global GDP Growth Rate (2017-2022)

Economic activities in both emerging and advanced economy are expected to

accelerate in 2018. In Euro area, GDP is expected to show a moderate growth

supported by accommodative monetary policy, ambitious fiscal initiatives to

boost growth. There are encouraging signs that business investment will

strengthen. Growth is set to remain solid in Germany, but will continue at a

slower pace in Italy and France. Therefore, the Eurozone is expected to show

moderate economic growth during the forecast period of 2018-2023.

APAC’s economic growth is expected to remain moderate with an average rate

of 4.9% over 2018-2023. China’s economy, the world’s second largest, is

forecast to reach 6.5% in 2018, which will be a decline from the growth of 6.8%

in 2017. China’s economic growth is expected to show moderate growth as the

economy is shifting towards consumption and services. The demand is

supported by expansionary fiscal policy, government boosting private

investment and trade. India’s GDP is projected to expand to 7.3% in 2018 and

7.9% in 2019, the fastest pace among the world’s major economies. In 2018, the

growth in emerging Asia should remain moderate in Indonesia, the Philippines,

Malaysia, and Thailand, which will lead to a 4.8% growth rate for APAC over the

forecast period.

North America is expected to witness moderate growth in 2018, driven by the

US and Canada. The economic development of ROW depends on the economic

growth of the Middle East, South America, and North Africa.

Figure 3.6

: Forecast for the Regional GDP Growth Rate (2018-2023)

As per estimates by Airbus, the global air traffic is expected to grow at the rate

of 4.7% per year, while cargo traffic will grow at 4.8% per year. Higher economic

growth rates in emerging economies are expected to propel a large portion of

the growth in air traffic, which is expected to generate a demand for 32,348 new

aircraft by 2032.

International passenger numbers are expected to rise by 25% from 1.2 billion in

2012 to 1.5 billion by 2017, bringing 292 million additional passengers (4.6%

CAGR).

The following figure shows the deliveries of commercial aircraft and regional

aircraft during the forecast period from 2018 to 2023. With surging aircraft

deliveries with more composite content, the aircraft carbon braking system

market will also surge. Aircraft deliveries are likely to increase at a CAGR of

2.5% from 2018 to 2023.

Figure 3.7: Forecast for Aircraft Deliveries (2018-2023)

Economic factors, including trends in GDP, aircraft deliveries, aircraft fleet, and

global passenger traffic growth, have a significant influence on the aerospace

market. As economies recover after the prolonged recession, newer aircraft

deliveries are starting across the globe. As economic activities grow, there is

growth in per capita income and the employment rate. An increased use of

composites in aircraft contributes to the growth of the aerospace market,

thereby positively affecting the aircraft carbon braking system market as well.

Major countries which are expected to witness significant growth include China,

India, Russia, Brazil, and the US.

3.2 Global Aircraft Carbon Braking System Market Trends and

Forecast

In 2017, global aircraft carbon braking system market shipments reached an

estimated 7,357 million unit with a value of $1,333.6 million with a CAGR of

4.0% and 3.5% by value and volume respectively from 2012 to 2017. Growth in

the aircraft carbon braking system market was due to increase in aircraft

delivery (which was 2,966 units in 2017, according to Lucintel) and growth of

passenger traffic (which was 7.4% in 2017, according to IATA). After 2010, the

market again gained momentum and started growing from the crisis period of

2009-2010, mainly due to a rise in aircraft delivery and rapid growth in APAC

and ROW.

In 2017, an increase in delivery of aircraft with more composites content drove

the aircraft carbon braking system market, for example, rise in delivery of

Boeing 787 by 5.8% from 137 in units in 2016 to 145 units in 2017. In 2017,

delivery of commercial aircraft, regional aircraft, and military aircraft in units was

1,471, 265, and 474 as compared to 1,397, 312, and 495 respectively.

The main growth factors of the carbon brake market throughout 2012-2017 were

growth in the aerospace composites market, which grew at a CAGR of 10.46%,

and increasing aircraft deliveries. For making lightweight and fuel-efficient

aircraft, now traditional materials are being replaced by composites.

Globally, the aircraft carbon braking system market over the trend period from

2012 to 2017 increased due to several reasons, including the following:

 Increased focus by OEMs in the usage of composites by replacing

traditional materials for reducing weight of aircraft and increasing fuel

efficiency supported the expansion of the aircraft carbon braking system

market.

 Greater use of composites in aerospace programs, such as Boeing 787,

Airbus 350XWB, and others

 Increasing deliveries of commercial aircraft by Boeing and Airbus

− The increasing air traffic shows the growing demand for new aircraft,

which has supported the high demand for carbon brake.

 Growth of the commercial aircraft market was driven by:

− Increased number of air travelers

− Replacement of aging aircraft in North America and Europe

− Liberalization of aviation policies, resulting in rapid airline expansions;

more airlines means more aircraft

Some of the key factors which will affect the global aircraft carbon braking

system market are as follows:

 Expected growth of new programs, such as B787, A350XWB, and A380,

where composites are predominantly used, will drive the demand for the

aircraft carbon braking system market.

 Expected rise in the demand for commercial and regional aircraft over the

forecast period will augment the demand carbon brake.

− Expected growth from emerging economics, such as China, India,

and the Middle Eastern countries, due to rapid economic growth,

growing middle class income people, and hike in disposable

income

− Economic recovery in developed countries and liberalizations of

aviation policies

− Increase in globalization and world trade

− Replacement of aging aircraft in North America and Europe

 Upcoming fleet replacements in mature markets are expected to stimulate

the demand for new aircraft.

The aerospace industry is predicted to remain strong due to a strong backlog for

Boeing 787 and Airbus 380 aircraft. Moreover, significant progress has been

made in the A350XWB passenger aircraft, which is being developed as a

competitor to Boeing’s 787. The A350XWB construction will be made of 52%

composites by weight, and structural demonstrators for the wings and fuselage

are being developed. This rise in the aircraft deliveries is likely to impel the

demand for the aircraft carbon braking system market.

Figure 3.8: Trends and Forecast for the Global Aircraft Carbon Braking System

Market (2012-2023)

The following tables show the global aircraft carbon braking system market and

its annual growth rates from 2012 to 2023.

Table 3.1: Market Trends of the Global Aircraft Carbon Braking System Market

(2012-2017)

Parameters

2012

2013

2014

2015

2016

2017

CAGR

2012-17

Global

Shipment

(Units)

6,183

6,610

7,124

7,296

7,127

7,357

3.5%

% Change

6.9%

7.8%

2.4%

-2.3%

3.2%

Global

Shipment ($M)

1,097.9

1,178.5

1,275.8

1,313.5

1,289.0

1,333.6

4.0%

% Change

7.3%

8.3%

3.0%

-1.9%

3.5%

Table 3.2: Market Forecast for the Global Aircraft Carbon Braking System

Market

(2018-2023)

Parameters

2018

2019

2020

2021

2022

2023

CAGR

2018-23

Global

Shipment

(Units)

7,834

8,120

8,273

8,521

8,731

9,308

3.5%

% Change

6.5%

3.7%

1.9%

3.0%

2.5%

6.6%

Global

Shipment ($M)

1,431.3

1,496.2

1,539.3

1,600.9

1,658.2

1,787.6

4.5%

% Change

7.3%

4.5%

2.9%

4.0%

3.6%

7.8%

3.3 Global Aircraft Carbon Braking System Market by Aircraft

Type

The global aircraft carbon braking system market by aircraft type consists of

commercial aircraft, regional aircraft, business jets, and military aircraft.

Commercial aircraft is the largest market; it accounted for 61.9% of the global

aircraft carbon braking system market and reached $825.1 million in 2017. The

commercial aircraft market grew with the highest CAGR of 4.5% by value from

2012 to 2017.

Over the forecast period from 2018 to 2023, the segment of commercial aircraft

is expected to remain the largest segment with the highest CAGR of 5.1% by

value.

• Use of carbon brake in the latest aircraft programs such as Boeing 787 and

Airbus 350XWB and updating all the old aircraft models also.

• New programs are expected to have a higher penetration of carbon brakes

than steel brakes.

Carbon brake market for business jets is anticipated to remain the second

largest market over the forecast period and reach an estimated value of $288.4

million by 2023 with a CAGR of 4.4%, as shown in the following figures and

tables.

Figure 3.9: Trends of the Global Aircraft Carbon Braking System Market ($M) by

Type (2012-2017)

Figure 3.10: Forecast for the Global Aircraft Carbon Braking System Market ($M)

by Type (2018-2023)

Table 3.3: Market Size and CAGR of Various Aircraft Types in the Global

Aircraft Carbon Braking System Market by Value (2012-2017)

Type

2012

($M)

2013

($M)

2014

($M)

2015

($M)

2016

($M)

2017

($M)

CAGR

2012-17

Commercial

Aircraft

663.4

708.0

754.5

781.1

803.5

825.1

4.5%

Regional

Aircraft

95.3

97.2

113.7

123.2

116.1

106.6

2.3%

Business

Jets

185.1

222.2

239.3

240.6

179.9

221.2

3.6%

Military

Aircraft

154.1

151.1

168.3

168.6

189.5

180.7

3.2%

Total

1,097.9

1,178.5

1,275.8

1,313.5

1,289.0

1,333.6

4.0%

Table 3.4: Market Size and CAGR of Various Aircraft Types in the Global

Aircraft Carbon Braking System Market by Value (2018-2023)

Type

2018

($M)

2019

($M)

2020

($M)

2021

($M)

2022

($M)

2023

($M)

CAGR

2018-23

Commercia

l Aircraft

878.5

913.5

939.9

970.0

1,000.3

1,124.4

5.1%

Regional

Aircraft

117.6

122.2

124.7

127.1

132.3

133.1

2.5%

Business

Jets

233.0

255.7

265.3

281.1

285.6

288.4

4.4%

Military

Aircraft

202.2

204.8

209.4

222.7

240.0

241.7

3.6%

Total

1,431.3

1,496.2

1,539.3

1,600.9

1,658.2

1,787.6

4.5%

In terms of volume, the commercial aircraft was the largest market during the

trend period, followed by business jets. The commercial aircraft market grew

with the highest CAGR of 4.0% from 2012 to 2017, followed by the regional

aircraft and business jets segments with a CAGR of 3.4% and 3.1%

respectively.

Over the forecast period, commercial aircraft is expected to remain the largest

market and grow to 5737 million units by 2023 with a CAGR of 4.0% from 2018

to 2023. Business jets are anticipated to remain the second largest market,

followed by military aircraft and regional aircraft, as shown in the following

figures and tables.

Figure 3.11: Trends of the Global Aircraft Carbon Braking System Market (Units)

by Aircraft (2012-2017)

Figure 3.12: Forecast for the Global Aircraft Carbon Braking System Market

(Units) by Aircraft (2018-2023)

Table 3.5: Market Size and CAGR of Various Aircraft Types in the Global

Aircraft Carbon Braking System Market by Volume (2011-2016)

Type

2012

(Units)

2013

(Units)

2014

(Units)

2015

(Units)

2016

(Units)

2017

(Units)

CAGR

2012-17

Commercial

Aircraft

3,691

3,920

4,157

4,281

4,382

4,484

4.0%

Regional

Aircraft

552

561

654

705

681

653

3.4%

Business

Jets

1,083

1,293

1,386

1,031

1,260

3.1%

Military

Aircraft

857

836

927

924

1,033

960

2.3%

Total

6,183

6,610

7,124

7,296

7,127

7,357

3.5%

Table 3.6: Market Size and CAGR of Various Aircraft Types in the Global

Aircraft Carbon Braking System Market by Volume (2018-2023)

Type

2018

(Units)

2019

(Units)

2020

(Units)

2021

(Units)

2022

(Units)

2023

(Units)

CAGR

2018-23

Commerci

al Aircraft

4,712

4,851

4,943

5,053

5,161

5,737

4.0%

Regional

Aircraft

732

766

775

779

791

792

1.6%

Business

Jets

1,309

1,421

1,460

1,534

1,544

3.4%

Military

Aircraft

1,081

1,082

1,095

1,155

1,235

2.7%

Total

7,834

8,120

8,273

8,521

8,731

9,308

3.5%

The global aircraft carbon braking system market was dominated by the

commercial aircraft and business jet segments from 2012 to 2017. The

commercial aircraft and business jet segments together accounted for

approximately 78.1% of the global aircraft carbon braking system market by

volume in 2017.

3.3.1 Commercial Aircraft

Commercial aircraft was the major aircraft type segment of the aircraft carbon

braking system market. This segment reached a value of $825.1 million and

4484 million units in 2017 with a CAGR of 4.5% and 4.0% by value and volume

respectively from 2012 to 2018 due to the following reasons:

 Increase in the total deliveries of commercial aircraft and development of

aircraft, such as A350, A380, A320Neo, and C919

 Economic development and further liberalization contribute to a strong traffic

growth and aircraft demand in APAC, which indirectly drive the demand for

the commercial aircraft carbon braking system market.

 Airbus and Boeing both have started using carbon brakes in their respective

programs.

 Market liberalization and fleet renewal in Africa

 Strong local economies and connecting passengers between Europe, Africa,

and Asia, thus leading to unprecedented expansion in the Middle East.

Over the forecast period, commercial aircraft is anticipated to remain the largest

segment as well as the fastest growing segment for the global aircraft carbon

braking system market with a value shipment of $1124.4 million and 5737 units

by volume respectively in 2023. This market is expected to grow at a CAGR of

5.1% by value and 4.0% by volume, as shown in the following figures and table.

Increase in commercial aircraft delivery and upgrade of aircraft with carbon

brake are anticipated to drive the demand for carbon brake over the forecast

period.

Figure 3.13: Trends and Forecast for Carbon Brakes in the Global Aerospace

Commercial Aircraft Market (2012-2023)

Table 3.7: Market Trends of Commercial Aircraft in the Global Aircraft Carbon

Braking System Market (2012-2017)

Parameters

2012

2013

2014

2015

2016

2017

CAGR

2012-

17

Global

Shipment

(Units)

3,103

3,691

3,920

4,157

4,281

4,382

4.0%

% Change

18.9%

6.2%

6.0%

3.0%

2.4%

Global

Shipment ($M)

663.4

708.0

754.5

781.1

803.5

825.1

4.5%

% Change

6.7%

6.6%

3.5%

2.9%

2.7%

Table 3.8: Market Forecast for Carbon Brakes in the Global Aerospace

Commercial Aircraft Market (2018-2023)

Parameters

2018

2019

2020

2021

2022

2023

CAGR

2018-

23

Global

Shipment

(Units)

4,712

4,851

4,943

5,053

5,161

5,737

4.0%

% Change

5.1%

2.9%

1.9%

2.2%

2.1%

11.2%

Global

Shipment ($M)

878.5

913.5

939.9

970.0

1,000.3

1,124.4

5.1%

% Change

6.5%

4.0%

2.9%

3.2%

3.1%

12.4%

3.3.2 Business Jets

Business jets were the second largest segment of the aircraft carbon braking

system market. This segment reached a value of $221.2 million and 1,260 units

in 2017 with a CAGR of 3.6% and 3.1% by value and volume respectively from

2012 to 2017. Business jets deliveries reached 735 units in 2017 from 677 units

in 2012. In terms of units, these are among the second largest selling aircraft

after commercial aircraft.

The business jet segment is anticipated to grow to $288.4 million and 1544 units

by 2023 at a CAGR of 4.4% and 3.4% by value and volume respectively from

2018 to 2023.

Figure 3.14: Trends and Forecast for Carbon Brakes in the Global Aerospace

Business Jet Market (2012-2023)

Table 3.9: Market Trends of Carbon Brakes in the Global Aerospace Business

Jet Market (2012-2017)

Parameters

2012

2013

2014

2015

2016

2017

CAGR

2012-

17

Global

Shipment

(Units)

1,083

1,293

1,386

1,031

1,260

3.1%

% Change

19.4%

7.2%

0.0%

-25.6%

22.2%

Global

Shipment ($M)

185.1

222.2

239.3

240.6

179.9

221.2

3.6%

% Change

20.0%

7.7%

0.5%

-25.2%

23.0%

Table 3.10: Market Forecast for Carbon Brakes in the Global Aerospace

Business Jet Market (2018-2023)

Parameters

2018

2019

2020

2021

2022

2023

CAGR

2018-

23

Global

Shipment

(Units)

1,309

1,421

1,460

1,534

1,544

3.4%

% Change

3.9%

8.6%

2.7%

5.1%

0.7%

0.0%

Global

Shipment ($M)

233.0

255.7

265.3

281.1

285.6

288.4

4.4%

% Change

9.7%

3.8%

6.0%

1.6%

1.0%

3.3.3 Regional Aircraft

The regional aircraft carbon brake segment contributed 8.0% by value and 8.9%

by volume in 2017 to the total aircraft carbon braking system market. The

regional aircraft segment grew from $95.3 million in 2012 to $106.6 million in

2017 with a CAGR of 2.3% from 2012 to 2017.

Regional aircraft deliveries reached 265 units in 2017 from 234 in 2012 with a

CAGR of 2.5%.

The regional aircraft carbon brake segment is anticipated to grow to a value

shipment of $133.1 million and 792 units by volume by 2023. This market is

expected to grow at a CAGR of 2.5% by value and 1.6% by volume from 2018 to

2023.

The regional jet market is dominated by two manufacturers: Brazil’s Embraer

and Canada’s Bombardier. Just like the large commercial aircraft market, the

regional jet (RJ) market—typically considered to be commercial jet aircraft with

up to 100 seats—depends on the recovery of the airline industry, as it was in a

period of prolonged downturn. Canada’s Bombardier and Brazil’s Embraer are

the two major manufacturers of these aircraft controlling the market.

Regional jet market competition is expected to increase as various new aircraft

are entering the market such as the Chinese state-owned company, the

Commercial Aircraft Corporation of China, Ltd. (COMAC), with its ARJ21-700;

the Japanese firm Mitsubishi Heavy Industries, with its Mitsubishi Regional Jet

(MRJ); and the Russian firm Sukhoi, with its Superjet 100.

Figure 3.15: Trends and Forecast for Carbon Brakes in the Global Aerospace

Regional Aircraft Market (2012-2023)

Table 3.11: Market Trends of Carbon Brakes in the Global Aerospace Regional

Aircraft Market (2012-2017)

Parameters

2012

2013

2014

2015

2016

2017

CAGR

2012-

17

Global

Shipment

(Units)

552

561

654

705

681

653

3.4%

% Change

1.6%

16.6%

7.8%

-3.4%

-4.1%

Global

Shipment ($M)

95.3

97.2

113.7

123.2

116.1

106.6

2.3%

% Change

2.0%

17.0%

8.4%

-5.8%

-8.2%

Table 3.12: Market Forecast for Carbon Brakes in the Global Aerospace

Regional Aircraft Market (2018-2023)

Parameters

2018

2019

2020

2021

2022

2023

CAGR

2018-

23

Global

Shipment

(Units)

732

766

775

779

791

792

1.6%

% Change

12.1%

4.6%

1.2%

0.5%

1.5%

0.1%

Global

Shipment ($M)

117.6

122.2

124.7

127.1

132.3

133.1

2.5%

% Change

10.3%

3.9%

2.0%

1.9%

4.1%

0.6%

3.3.4 Military Aircraft

Military aircraft includes fighter aircraft, bombers, transporters, and trainer

aircraft. These are used for transporting arms, ammunitions, weapons and

personnel from and to conflict locations. These include various models of

Lockheed Martin, Boeing, Northrop Grumman, and others. Military aircraft

deliveries reached 495 units in 2017 from 473 in 2012.

Carbon brake in the global aerospace military aircraft market reached $180

million and 960 units in 2017. This segment is expected to reach $241.7 million

and 1235 units by 2023 at a CAGR of 3.6% and 2.7% from 2018 to 2023 by

value and volume respectively. Increasing military budget in APAC region and

upgrade of military aircraft fleet by USA is expected to drive the military aircraft

market, which will subsequently drive the carbon brake market.

Figure 3.16: Trends and Forecast for Carbon Brake in the Global Aerospace

Military Aircraft Market (2012-2023)

Table 3.13: Market Trends of Carbon Brake in the Global Aerospace Military

Aircraft Market (2012-2017)

Parameters

2012

2013

2014

2015

2016

2017

CAGR

2012-

17

Global

Shipment

(Units)

857

836

927

924

1,033

960

2.3%

% Change

-2.5%

10.9%

-0.3%

11.8%

-7.1%

Global

Shipment ($M)

154.1

151.1

168.3

168.6

189.5

180.7

3.2%

% Change

-1.9%

11.4%

0.2%

12.4%

-4.6%

Table 3.14: Market Forecast for Carbon Brakes in the Global Aerospace Military

Aircraft Market (2018-2023)

Parameters

2018

2019

2020

2021

2022

2023

CAGR

2018-23

Global

Shipment

(Units)

1,081

1,082

1,095

1,155

1,235

2.7%

% Change

12.6%

0.1%

1.2%

5.5%

6.9%

0.0%

Global

Shipment ($M)

202.2

204.8

209.4

222.7

240.0

241.7

3.6%

% Change

11.9%

1.3%

2.2%

6.4%

7.8%

0.7%

4. Market Trends and Forecast Analysis by

Region

4.1 Global Aircraft Carbon Braking System Market by Region

The global aircraft carbon braking system market shipments were valued at

$1,333.6 million in 2017. North America had the largest share with 49.8% by

value of the total aircraft carbon braking system market due to the highest

production of commercial aircraft by Boeing, Lockheed Martin, Cessna and

others in North America, while Europe ranked second with a market share of

43.9% in 2017.

Over the forecast period, the APAC aircraft carbon braking system market is

expected to reach $31.3 million by 2023. APAC is projected to remain the

fastest growing region in the forecast period with a CAGR of 14.2%, followed by

North America and ROW with 4.8% and 4.6% CAGR respectively.

From 2018 to 2023, the use of carbon brake in the aerospace industry in

different areas is expected to increase due to several reasons, including the

following:

 There is a greater usage of composites in commercial aircraft, such as B787,

A350XWB and A380

 Expected growth of the commercial aircraft and regional aircraft markets will

be driven by:

− Economic development and further liberalization contribute to a strong

traffic growth and airplane demand in APAC.

− The aircraft carbon braking system market is expected to grow in Europe

due to strong local economies and connecting passenger aircraft among

Europe, Africa, and Asia. This will lead to unprecedented expansion in

Europe, creating a demand for new aircraft in this region and thus,

indirectly driving the demand for the carbon brake market.

Figure 0.1: Trends of the Global Aircraft Carbon Braking System Market ($M)

by Region (2012-2017)

Figure 0.2: Forecast for the Global Aircraft Carbon Braking System Market ($M)

by Region (2018-2023)

Table 0.1: Market Size and CAGR of Various Regions of the Global Aircraft

Carbon Braking System Market by Value (2012-2017)

Region

2012

($M)

2013

($M)

2014

($M)

2015

($M)

2016

($M)

2017

($M)

CAGR

2012-

17

North

America

575.1

624.8

695.6

708.2

657.9

664.6

2.9%

Europe

451.0

486.8

515.7

527.7

551.6

584.9

5.3%

APAC

4.9

4.4

3.3

3.9

4.5

7.8

9.7%

ROW

66.9

62.5

61.2

73.7

75.0

76.3

2.7%

Total

1,097.9

1,178.5

1,275.8

1,313.5

1,289.0

1,333.6

4.0%

Table 0.2: Market Size and CAGR of Various Regions of the Global Aircraft

Carbon Braking System Market by Value (2017-2022)

Region

2018

($M)

2019

($M)

2020

($M)

2021

($M)

2022

($M)

2023

($M)

CAGR

2018-23

North

America

702.7

755.5

770.2

786.9

816.1

890.3

4.8%

Europe

630.6

637.3

657.5

697.1

713.3

763.6

3.9%

APAC

16.1

20.3

23.9

27.6

28.6

31.3

14.2%

ROW

81.9

83.1

87.7

89.3

100.2

102.4

4.6%

Total

1,431.3

1,496.2

1,539.3

1,600.9

1,658.2

1,787.6

4.5%

In terms of volume, North America had the largest share with 50.1% of the total

aircraft carbon braking system market in 2017, while Europe ranked second with

a market share of 43.5% with 3201 units. The APAC aircraft carbon braking

system market recorded 42 units in 2017, which is expected to reach 160 units

by 2023. APAC is projected to remain the fastest growing region in the forecast

period with a CAGR of 13.0%, followed by North America and ROW with 3.8%

and 3.5% CAGR respectively.

Figure 0.3: Trends of the Global Aircraft Carbon Braking System Market (Units)

by Region (2012-2017)

Figure 0.4: Forecast for the Global Aircraft Carbon Braking System Market

(Units) by Region (2018-2023)

Table 0.3: Market Size and CAGR of Various Regions of the Global Aircraft

Carbon Braking System Market by Volume (2012-2017)

Region

2012

(Units)

2013

(Units)

2014

(Units)

2015

(Units)

2016

(Units)

2017

(Units)

CAGR

2012-

17

North

America

3,241

3,508

3,888

3,937

3,650

3,687

2.6%

Europe

2,531

2,721

2,870

2,921

3,031

3,201

4.8%

APAC

27

24

18

21

24

42

9.2%

ROW

384

357

348

417

422

427

2.1%

Total

6,183

6,610

7,124

7,296

7,127

7,357

3.5%

Table 0.4: Market Size and CAGR of Various Regions of the Global Aircraft

Carbon Braking System Market by Volume (2018-2023)

Region

2018

(Units)

2019

(Units)

2020

(Units)

2021

(Units)

2022

(Units)

2023

(Units)

CAGR

2018-

23

North

America

3,877

4,136

4,177

4,224

4,335

4,673

3.8%

Europe

3,416

3,420

3,494

3,668

3,716

3,937

2.9%

APAC

87

108

126

144

148

160

13.0%

ROW

454

456

476

480

532

538

3.5%

Total

7,834

8,120

8,273

8,516

8,731

9,308

3.5%

4.2 North American Aircraft Carbon Braking System Market

North America is the largest region in the aircraft carbon braking system market.

The North American market reached $664.6 million and 3687 units in 2017 with

a CAGR of 2.9% and 2.6% by value and volume respectively from 2012 to 2017.

The North American aircraft manufacturing industry is composed of major firms,

such as Honeywell, Meggitt, UTC, Crane Aerospace and others. Increasing

deliveries of aircraft, as a result of numerous programs, and a significant

increase in the penetration level of composite materials have been witnessed in

the last few years in the global aerospace industry which drives the carbon

brake market. Increasing carbon brake market activity in North America is

expected to be driven by an increase in aircraft delivery. Due to replacement of

ageing fleet aircraft deliveries are expected to rise in North America.

The North American aircraft carbon braking system market was mainly affected

by the following factors:

 Greater use of composites in aircraft supported the growth of this market.

 With improvement of the economic scenario and growing air traffic, the civil

aviation industry posted a significant increase in orders of new aircraft,

which indirectly supports the expansion of this market.

 Growth of the commercial aircraft market along with increasing air traffic

rate and growth of the airline industry

 The North American aircraft carbon braking system market grew

significantly due to growth in the aircraft deliveries by Boeing

 The North American aircraft carbon braking system market is forecast to

grow to 890.3 million and 4673 units by 2023 with a CAGR of 4.8% and

3.8% by value and volume respectively from 2018 to 2023.

In North America, the aircraft carbon braking system market is expected to be

impelled by the following factors:

 Increased use of composites in aircraft, such as Boeing 787, Airbus

350XWB, and Airbus 380:

– Aircraft manufacturers have been increasingly relying on composite

materials to reduce weight and augment fuel efficiency of aircraft.

– Composites structures and components protect against damages and

provide better and longer life to aircraft.

 FAA forecast calls for US carrier passenger growth over the next 20 years to

an average 2.1% per year; this will lead to the growth in aircraft delivery,

thereby supporting the growth of the aircraft carbon braking system market.

 Boeing forecasts that the demand for new aircraft in North America will grow

to 7,890 by 2034.

According to the estimate by Airbus, the North American region will require

5,851 new passenger aircraft by 2030. North America is expected to remain one

of the world’s strongest airline markets with the largest single-aisle aircraft in

the world. Another factor that is likely to augment the consumption of

composites, due to which the demand for carbon brake will increase, and carbon

brake is being installed in the old aircraft models. As per the studies,

approximately 41% of the aircraft operating in the North American region will

require replacement in the coming decades.

Figure 0.5: Trends and Forecast for the North American Aircraft Carbon Braking

System Market (2012-2023)

The following tables show the North American aircraft carbon braking system

market and its annual growth rates from 2012 to 2023.

Table 0.5: Market Trends of the North American Aircraft Carbon Braking System

Market (2012-2017)

Parameters

2012

2013

2014

2015

2016

2017

CAGR

2012-

17

NA Shipment

(Units)

3,241

3,508

3,888

3,937

3,650

3,687

2.6%

% Change

8.2%

10.8%

1.3%

-7.3%

1.0%

NA Shipment

($M)

575.1

624.8

695.6

708.2

657.9

664.6

2.9%

% Change

8.6%

11.3%

1.8%

-7.1%

1.0%

Table 0.6: Market Forecast for the North American Aircraft Carbon Braking

System Market (2018-2023)

Parameters

2018

2019

2020

2021

2022

2023

CAGR

2018-23

NA Shipment

(Units)

3,877

4,136

4,177

4,224

4,335

4,673

3.8%

% Change

5.2%

6.7%

1.0%

1.1%

2.6%

7.8%

NA Shipment

($M)

702.7

755.5

770.2

786.9

816.1

890.3

4.8%

% Change

5.7%

7.5%

1.9%

2.2%

3.7%

9.1%

4.3 European Aircraft Carbon Braking System Market

The European aircraft carbon braking system market witnessed 5.3% CAGR by

value and 4.8% CAGR by volume from 2012 to 2017.

The following factors had a combined effect on the European aircraft carbon

braking system market during the trend period from 2012 to 2017:

 The aerospace composites market of this region grew by 9.16% from 2011 to

2016.

 Growth of the commercial and regional aircraft markets was spurred by

increasing air traffic rate, which was due to air transport liberalization

between the European Union and other regions, such as Turkey, Brazil,

India, and Korea.

 High demand from diverse economies has been driving both the long-haul

and short-haul markets.

 An increase in use of composites in A380 and A350XWB

 Increasing aircraft deliveries by Airbus

Europe is expected to be the second largest region in terms of carbon brake

usage through 2023. It is expected to grow at a CAGR of 3.9% and 2.9% by

value and volume respectively from 2018 to 2023. The European aircraft carbon

braking system market revenue is anticipated to reach $763.6 million by 2023

from $584.9 million in 2017.

The European aircraft carbon braking system market is expected to be driven by

the following factors:

 Installation of carbon brakes in all the new aircraft and upgradation of old

aircraft models.

 An increase in the use of composites in the Airbus A350XWB and A380 is

likely to fuel the demand for the aircraft carbon braking system market.

 The aerospace composites market in Europe is expected to grow at a

CAGR of 3.8% during the forecast period from 2018 to 2023.

 Expected growth of the aerospace and regional aircraft markets will be

spurred by:

− Airlines continue to reduce their environmental impact by replacing

older, less efficient airplanes with new planes with more modern

technology.

− The European Union’s transport liberalization efforts are expected to

help boost regional GDP growth.

− Growing investment from various airlines in long-haul routes

− Despite slow economic growth, the expected rise in passenger traffic

will support the growth of the aerospace and regional aircraft

markets.

− Airbus forecasts that there will be a demand for 6,450 passenger

aircraft in the European region. This increasing demand for aircraft

will propel the growth of the European aircraft carbon braking system

market.

Figure 0.6: Trends and Forecast for the European Aircraft Carbon Braking

System Market (2012-2023)

The following tables show the European aircraft carbon braking system market

and its annual growth rates from 2012 to 2023.

Table 0.7: Market Trends of the European Aircraft Carbon Braking System

Market (2012-2017)

Parameters

2012

2013

2014

2015

2016

2017

CAGR

2012-17

European

Shipment (Units)

2,531

2,721

2,870

2,921

3,031

3,201

4.8%

% Change

7.5%

5.5%

1.8%

3.8%

5.6%

European

Shipment ($M)

451.0

486.8

515.7

527.7

551.6

584.9

5.3%

% Change

7.9%

5.9%

2.3%

4.5%

6.0%

Table 0.8: Market Forecast for the European Aircraft Carbon Braking System

Market (2018-2023)

Parameters

2018

2019

2020

2021

2022

2023

CAGR

2018-23

European

Shipment

(Units)

3,416

3,420

3,494

3,668

3,716

3,937

2.9%

% Change

6.7%

0.1%

2.2%

5.0%

1.3%

5.9%

European

Shipment

($M)

630.6

637.3

657.5

697.1

713.3

763.6

3.9%

% Change

1.1%

3.2%

6.0%

2.3%

7.1%

4.4 APAC Aircraft Carbon Braking System Market

The APAC market was considered the fastest growing market during the trend

period from 2012 to 2017. The main reason for this growth was the tremendous

economic growth in China and India. The APAC aircraft carbon braking system

market increased with a CAGR of 9.7% and 9.2% in terms of value and volume

respectively from 2012 to 2017.

The following reasons had a combined effect on the demand for carbon brakes

in APAC during the trend period from 2012 to 2017:

 The aircraft carbon braking system market growth is directly supported by

increasing aircraft deliveries, passenger traffic and replacement of steel

brakes with carbon brakes. Steel brakes are being replaced by carbon

brakes with increasing usage of composites.

 Carbon brakes are lighter in weight and provide longer service life.

 The growing commercial and regional aircraft markets demand aircraft

with lighter weight.

 Rapid expansion of low-cost carriers and domestic airlines and growth of the

long-haul and short-haul markets

 Lower manufacturing costs in APAC than in NA and Europe have attracted

major manufacturers to expand their production units in the region.

Over the forecast period, APAC is expected to be the fastest growing region in

terms of value and volume through 2023. It is expected to grow at a CAGR of

14.2% and 13.0% by value and volume from 2018 to 2023. The regional revenue

of APAC is anticipated to reach $31.3 million by 2023 from $7.8 million in 2017.

The APAC aircraft carbon braking system market is expected to be impelled by

the following factors:

 In APAC, the aerospace composites market is expected to grow at a CAGR

of 5.86% during the forecast period from 2017 to 2022.

 Expected growth of the aerospace and regional aircraft markets will be

fueled by:

− Expected economic growth in China and India

− Expected growth of the air traffic rate

− Regulations are liberalized in the airline industry, and carriers are

expanding beyond national boundaries.

 China’s domestic commercial aircraft, COMAC C919 is expected to be

delivered in 2018. The Chinese government is encouraging domestic

companies to manufacture indigenous aircraft.

 OEMs, such as Airbus and Boeing, are shifting their production bases to low-

cost regions, such as China, India, Malaysia, Singapore, and others, in this

region.

 According to Airbus, China’s domestic passenger traffic will overtake the US

domestic traffic to become the number one traffic flow in the future. Aviation

is not just essential for international commerce, but also for domestic

economies too.

 Increasing awareness of composite materials among business communities

and growth prospects in the aerospace industry are expected to offer huge

potential for the aircraft carbon braking system market in the region.

OEMs are outsourcing aircraft component manufacturing from this region, which

drives the demand for the carbon brake market in this region. For example,

Boeing outsourced a large portion of the B787 Dreamliner program to Japanese

players. Mitsubishi Heavy Industries manufactures the composites wings for the

B787; this is the first time Boeing has ever outsourced its wing production. KHI

manufactures a section of the B787’s forward fuselage, the main landing gear

wheel that connects to the Fuji wing box, and a part of the wing trailing edge.

Boeing has built new plants in Nagoya for the B787. This propels the demand

for the aircraft carbon braking system market in this region.

Figure 0.7: Trends and Forecast for the APAC Aircraft Carbon Braking System

Market (2012-2023)

The following tables show the APAC aircraft carbon braking system market and

its annual growth rates from 2012 to 2023.

Table 0.9: Market Trends of the APAC Aircraft Carbon Braking System Market

(2012-2017)

Parameters

2012

2013

2014

2015

2016

2017

CAGR

2012-17

APAC

Shipment

(Units)

27

24

18

21

24

42

9.2%

% Change

-11.1%

-25.0%

16.7%

14.3%

75.0%

APAC

Shipment ($M)

4.9

4.4

3.3

3.9

4.5

7.8

9.7%

% Change

-10.2%

-25.0%

18.2%

15.4%

73.3%

Table 0.10: Market Forecast for the APAC Aircraft Carbon Braking System

Market (2018-2023)

Parameters

2018

2019

2020

2021

2022

2023

CAGR

2018-23

APAC

Shipment

(Units)

87

108

126

144

148

160

13.0%

% Change

24.1%

16.7%

14.3%

2.8%

8.1%

APAC

Shipment ($M)

16.1

20.3

23.9

27.6

28.6

31.3

14.2%

% Change

26.1%

17.7%

15.5%

3.6%

9.4%

4.5 ROW Aircraft Carbon Braking System Market

The ROW market witnessed 2.7% CAGR by value and 2.1% CAGR by volume

during the trend period. The contribution of the ROW market was 5.7% by value

to the global aircraft carbon braking system market in 2017.

The following reasons had a combined effect on the demand for carbon brake in

ROW from 2012 to 2017:

 The aerospace composites market of this region grew at a CAGR of 12.9%

from 2012 to 2017, which directly supports the expansion of the aircraft

carbon braking system market.

 Growing intra-continental air travel in Latin America increases demand for

regional aircraft, which also supports demand for carbon brakes.

– Growth in the aircraft carbon braking system market due to strong

demand for commercial airliners powered by rapid expansion of the

Middle Eastern airlines

 Presence of aircraft OEMs is one of the major reasons for growth in this

region.

The ROW aircraft carbon braking system market is expected to grow at a CAGR

of 4.6% and 3.5% by value and volume respectively from 2018 to 2023. The

regional revenue of the aircraft carbon braking system market is anticipated to

reach $102.4 million by 2023.

In ROW, the aircraft carbon braking system market is expected to be driven by

the following factors:

 In ROW, the aerospace composites market is anticipated to grow at a CAGR

of 12.9% from 2018 to 2023, which will drive the demand for the aircraft

carbon braking system market in this region.

 Expected growth of the aerospace and regional aircraft markets to be

propelled by the following:

− Major airlines in this region, such as Emirates Airline, Qatar Airways,

and Etihad Airways, are expected to expand their capacity by almost four

times from current passenger capacity.

− In the Middle East, governments are moving towards coordinated

aviation policy and market liberalization.

− Economic growth of the Middle East, Latin America, and Africa

− Fleet renewal is a priority in the Middle East.

Figure 0.8: Trends and Forecast for the ROW Aircraft Carbon Braking System

Market (2012-2023)

The following tables show the ROW aircraft carbon braking system market and

its annual growth rates from 2012 to 2023.

Table 0.11: Market Trends of the ROW Aircraft Carbon Braking System Market

(2012-2017)

Parameters

2012

2013

2014

2015

2016

2017

CAGR

2012-17

ROW Shipment

(Units)

384

357

348

417

422

427

2.1%

% Change

-7.0%

-2.5%

19.8%

1.2%

ROW Shipment

($M)

66.9

62.5

61.2

73.7

75.0

76.3

2.7%

% Change

-6.6%

-2.1%

20.4%

1.8%

1.7%

Table 0.12: Market Forecast for the ROW Aircraft Carbon Braking System

Market (2018-2023)

Parameters

2018

2019

2020

2021

2022

2023

CAGR

2018-23

ROW Shipment

(Units)

454

456

476

480

532

538

3.5%

% Change

0.4%

4.4%

0.8%

10.8%

1.1%

ROW Shipment

($M)

81.9

83.1

87.7

89.3

100.2

102.4

4.6%

% Change

1.5%

5.5%

1.8%

12.2%

2.2%

5. Competitor Analysis

The global aircraft carbon braking systems market reflects a healthy competitive

environment with growth opportunities. There are some major global suppliers

who compete in the global aircraft carbon braking systems market. Again, this

report considers carbon brake suppliers in the aerospace industry for a variety

of applications, such as commercial aircraft, regional aircraft, business jets, and

military aircraft. Each supplier believes it has unique product offerings, pricing

strategies, and marketing models. The competitive analysis of these suppliers is

presented below.

5.1 Product Portfolio Analysis

The number of products offered by each supplier varies with the effort and

investment each puts into research, development, and commercialization. Each

supplier has its own unique formulations and manufacturing processes that has

led to many unique technically advanced products. Lucintel’s research analyzes

the aircraft carbon braking systems segments’ supply by aircraft. Some of the

key competitors of the aerospace carbon market are Safran, Honeywell, Meggitt,

UTC, and Crane Aerospace.

Table 0.1: Product Mapping of Carbon Brake Suppliers Based on Aircraft Type

Major Players

Commercial

Aircraft

Regional

Aircraft

Business

Jets

Military

Aircraft





















* Note:  Represent existence of company whereas  represents non-existence

The commercial aircraft segments are the most attractive segments for carbon

brake suppliers, which are being served by almost all the key manufacturers.

The commercial aircraft segment for aircraft carbon braking system market is

the fastest growing segment, and many of the players are trying hard to increase

their presence in this application segment.

5.2 Ranking of Major Players

In the global aircraft carbon braking system market, Safran was the leader,

followed by Honeywell and Meggitt in 2017.

Safran is the leader in the commercial aircraft carbon brake market, which is

one of the fastest growing segments/technologies. Safran has a good track

record, product portfolio, certification and approvals, and a good customer base.

Safran manufactures carbon brakes for all type of aircraft.

Honeywell is one of the leading players. Honeywell manufactures carbon brakes

for many large aircraft. Honeywell is an experienced and large player of the

aerospace industry. Honeywell manufactures carbon brakes for both commercial

aircraft and military aircraft.

Meggitt manufactures all types of brakes. Meggitt provides carbon brakes to all

types of aircraft. Meggitt aircraft brakes are installed in large aircraft such as

Boeing B757, DC10, MD90, Embraer E-170/175, and Bombardier CRJ.

Table 0.2: Global Rankings of Aircraft Carbon Braking System Suppliers by

Revenue in 2017

Rank

Company

1

Safran

2

Honeywell

3

Meggitt

5.3 Geographical Reach

The aerospace carbon market in the aerospace industry is moderately

competitive. Incumbents are making efforts to augment their competitive position

by acquiring new capacities, entering new regions, and widening their offering

portfolio. Locations of the headquarters of key carbon brake suppliers are

depicted in the figure below.

Figure 0.1: Major Aircraft Carbon Braking System Suppliers’ Locations

Most of the carbon brake manufacturing companies, such as Honeywell,

Meggitt, UTC, and Crane Aerospace are located in North America. All the major

players have experience in aircraft carbon braking system manufacturing.

5.4 Operational Integration

Companies with integrated business operations are likely to have a greater

flexibility of their operations and higher margins than non-integrated players.

Players who are integrated forward enjoy in-house production, a supply of

carbon brakes for their aircraft, and a greater flexibility over supply bottlenecks.

The vertically integrated companies enjoy lower manufacturing costs with a

higher bargaining power over their suppliers and customers. The table given

below shows the relative presence of aircraft carbon braking system suppliers

across the value chain.

Table 0.3: Presence of Aircraft Carbon Braking System Suppliers across the

Value Chain

Carbon Brake

Suppliers

Backward

Forward

Part

Manufacturers

OEM

Safran (Messier-Bugatti

Dowty)



Honeywell





Meggitt



UTC Aerospace



Crane Aerospace



* Note:  Represents existence of company  represents non-existence

In the global aircraft carbon braking system market, most of the top players are

neither backward integrated nor forward integrated and they are not present in

the raw material market.

5.5 Porter’s Five Forces Analysis

The global aircraft carbon braking system market is seen to be quite profitable

today and is expected to remain so in the future as well, based on an analysis of

the market fundamentals and competitive environment. In recent years, an

increase in the demand for new aircraft has helped the market to grow, and it is

expected to remain so in the future.

The major suppliers of the global aircraft carbon braking system market are

mentioned below:

 Safran

 Honeywell Aerospace

 Meggitt

Porter’s analysis has been done for the carbon brake suppliers for the

aerospace industry. The favorable growth rates in some segments have given

manufacturers more options to place their products.

The competition in the aircraft carbon braking system market is moderate due to

buyer and supplier relationship. The aircraft carbon braking system market is

forecast to grow with a positive growth rate.

The result of Lucintel’s analysis is presented in the figure below and discussed

in detail in the following paragraphs.

Figure 0.2: Porter’s Five Forces Analysis for the Global Aircraft Carbon Braking

System Market

Threat of Substitutes

Moderate



Steel brakes are the major

substitute of carbon brakes

Threat of New Entrants

Low

 Stringent and lengthy certification

process



Highly capital-intensive industry



High technological expertise

Competitive Rivalry

Low to Moderate



High market growth



Highly consolidated industry



Players are diversified.

 Buyer-supplier relationship plays

a vital role.

Supplier Power

Moderate

 Larger number of suppliers

 Threat of forward integration



Low feedstock (input)

differentiation



Low switching cost

Buyer Power

Low



Limited number of buyers



High demand for quality

products



Low inclination towards

backward integration

Competition and Strategic Risks

Competitive rivalry is low to moderate in the global aircraft carbon braking

system market. The market is concentrated and dominated by top five large

manufacturers. The industry has high growth and is expected to continue

experiencing healthy growth rates in the future. The top players are diversified,

as they supply to other markets/ industries also, which makes the competition

low. Buyer-supplier relationship plays a vital role in this market.

Major players compete primarily on the basis of price, quality of products,

technical support, and availability of products to meet customer’s requirement.

The market is dominated by top manufacturers. Aircraft carbon braking system

manufacturers are able to sustain a competitive advantage by enhancing their

product properties, performance, and other product characteristics, which

provide them with the opportunity to cement their position with a particular

customer. Consequently, there is moderate competition in this market.

Bargaining Power of Buyers

Buyers for aircraft carbon braking system are aircraft manufacturers (OEMs).

There are many buyers with high consumption of carbon brakes, thereby

intensifying their bargaining power. As buyers purchase in large scale, they

possess moderate to high bargaining power.

Aircraft manufacturers have to maintain the standard requirement for quality and

performance; therefore, they rely on the quality of carbon brakes. There is a low

inclination towards backward integration of buyers.

Bargaining Power of Suppliers

The bargaining power of suppliers is low in this market. Components that are

most commonly used for manufacturing carbon brakes are brake disk, wear pad,

disk rotating, and others. Presence of a large number of suppliers lowers the

supplier power, as the buyers have the liberty to fulfill their demand from a large

number of suppliers.

Switching cost from one supplier to another is also low, as a result of which the

manufacturers can easily switch from one supplier to another supplier.

Threat of New Entrants

The threat of new entry in the aircraft carbon braking system market is judged to

be low. The industry is technology-intensive. High technological know-how

requirement in the market and intensive capital requirement lower the threat of

new entrants. Stringent regulations and certifications are made by aviation

regulatory authorities. Manufacturing process and technology requirement

standards also act as a barrier for new players entering this market. The major

concern for new entrants is the requirement of R&D cost for technological

upgrades coupled with gaining customer confidence, which makes entry tough in

the market.

Threat of Substitute Products

Steel brakes are substitute of carbon brakes but due to better performance of

carbon brakes steel brakes are being replaced by carbon brakes.

From the Porter’s five forces analysis above, it can be observed that the

bargaining power of suppliers is low, while that of the buyers is low to moderate.

Entry is difficult, and it entails incumbents to have significant capital investment

and high technological expertise. On the context of internal rivalry, the rivalry is

moderate. Thus, it becomes necessary to maintain buyer-supplier relationship

and a high technology to face competition.

Business Risks and Threats Faced by Aircraft Carbon Braking System

Suppliers

The following are the business risks and threats for the aircraft carbon braking

system market:

 Aircraft orders tend to be cyclical in nature and linked to passenger

traffic, which is itself affected by changes in the economic climate, as well

as the rate of ageing and renewal of aircraft fleets and the investment

decisions and financial capacity of airline companies.

 Aircraft manufacturers may encounter difficulties in meeting their program

schedules or even keeping programs going. Delays in production

schedules for new aircraft may lead to the postponement.

 Players planning to enter the carbon brake market will have to face

competition from all the established player, as they have a good track

record, product portfolio, certification and approvals, a good customer

base, a low need to further investment in the near future, and good

EBITDA (earnings before interest, taxes, depreciation, and amortization)

margin.

 Long-term contracts with customers. Cancellation, delay, or reduction in

orders impact carbon brake supplier’s business and profitability.

6. Growth Opportunities and Strategic

Analysis

6.1 Growth Opportunity Analysis

The purpose of this chapter is to point out some major product types and

regions of the aircraft carbon braking system market that are growing rapidly.

The carbon brakes are projected to have a major impact on the growth of the

global aircraft carbon braking system market over the forecast period. The

developments and innovations are projected to have a huge impact on the

growth of the aircraft carbon braking system market over the forecast period

from 2018 to 2023.

6.1.1 Growth Opportunities for the Global Aircraft Carbon Braking System

Market by Aircraft Type

The average growth rate of most product types of the global aircraft carbon

braking system market is expected to be more than 4.5% by value annually

through 2023. The market size is expected to be $1,787.6 million by value and

9308 units by volume in 2023. Commercial aircraft is the largest segment, and it

is expected to reach $1124.4 million by 2023, followed by the business jets

segment with a value of $288.4 million.

Commercial aircraft is expected to be the largest segment by 2023 with

increasing use of carbon brakes in next-generation aircraft, such as Boeing 787

and Airbus 350XWB. Commercial aircraft is expected to witness the highest

growth opportunity during the forecast period from 2018 to 2023 because low

requirement of maintenance and lighter weight over steel brakes. Due to these

reasons, the commercial aircraft market will be the largest market in the future

also. The following figure depicts the different aircraft type markets for the

global aircraft carbon braking system market in terms of their projected annual

growth rates from 2018 to 2023.

*Size of the bubbles represents market size by value ($M) in 2023

Figure 6.1: Growth Opportunities for the Global Aircraft Carbon Braking System

Market ($M) by Aircraft Type

6.1.2 Growth Opportunities for the Global Aircraft Carbon Braking System

Market by Region

Growth in the global aircraft carbon braking system market depends on the use

of composites in aircraft and replacement of steel brake with carbon brake. The

global aircraft carbon braking system market is expected to grow at a CAGR of

4.5% from 2018 to 2023. The aircraft carbon braking system market is expected

to have the highest growth in APAC. The North America and ROW aircraft

carbon braking system markets are also expected to continue their growth

during the forecast period. In terms of market size, North America is the biggest

of all regions.

North America is projected to represent good growth for the global aircraft

carbon braking system market during the forecast period, followed by ROW.

North America is one of the manufacturing hubs for the aerospace sector, and it

is expected to continue its growth momentum for the aircraft carbon braking

system market.

The NA and European markets are driven by a strong growth of aerospace

OEMs and the aircraft component market.

– Expected growth of the commercial and regional aircraft markets, driven by

new aircraft programs and a high replacement rate of aging aircraft, will

occur.

– Greater penetration of composites in existing and new aircraft, such as

Boeing 787 and Airbus 350XWB by 50%, leading to a surging demand for

carbon brake

APAC and ROW also represent good growth opportunities. Countries that are

expected to experience fast growth are India, China, Africa, and Brazil, driven

by deregulation, economic growth, population growth and inter-regional trade.

Several aircraft manufacturers and component manufacturers are looking for

capacity expansions in China and other developing regions.

The growth of the aircraft carbon braking system market in the APAC region is

projected to be driven by the following factors:

• Dynamic economic development in emerging countries, such as China and

India, will stimulate further growth in the demand for the carbon brake

market.

• APAC offers lower manufacturing costs than North America and Europe,

which is attracting major commercial and regional aircraft manufacturers to

expand their production units in the region. APAC represents good growth

opportunity because of the presence of developing countries, like India and

China. This growth in APAC is driven by deregulation, economic growth,

population growth, and inter-regional trade.

• Expansion of low-cost carriers, improved air traffic rate, increasing

liberalization, and others are some of the factors shaping the airline industry

in developing countries, which will support the growth of the OEMs industry

in this region.

• It is expected that APAC will become the leading region. With growing

population and prosperity, more and more people are willing to fly.

Commercial aircraft is identified as a rapidly growing market segment, with

significantly high growth in North America and Europe.

The share of emerging economies, such as Africa and the Middle East, is

expected to increase during the forecast period.

*Size of the bubbles represents market size by value ($M) in 2023

Figure 6.2: Growth Opportunities for the Global Aircraft Carbon Braking System

Market ($M) by Region

6.2 Emerging Trends in the Global Aircraft Carbon Braking

System Market

Emerging trends in the global aircraft carbon braking system market can be

considered as the result of continuous innovation and improvements in existing

products and collaboration among industry players to serve their unique needs.

To grab market opportunities, carbon braking system manufacturer must

understand emerging concepts in the market. Emerging trends help understand

the market dynamics and its growth.

The key emerging trends are as follows:

Figure 6.3: Emerging Trends in the Global Aircraft Carbon Braking System

Market

Trend A: Increasing Demand of Carbon Brakes in Aerospace

Weight saving is the major concern of aircraft OEMs, so they are opting for

lightweight materials which can help aircraft OEMs in achieving the light weight

of aircraft. Carbon brakes provide light weight solution. Carbon brakes are

lighter than steel brakes.

Due to the lighter weight of carbon brakes, their penetration is increasing in

aerospace. Most of commercial aircraft have carbon brakes installed.

Trend B: Improvement in Manufacturing of Carbon Brakes

Advanced materials such as SepCarb III by Messier-Bugatti and Duracarb C/C

by UTC braking materials have been certified by FAA. A set of Messier-Bugatti

SepCarb III carbon brakes fitted to a Binter Canarias ATR 72-500 aircraft has

reportedly set an in-service endurance record of 6,470 landings. Today, a typical

fleet average for C/C brakes on planes that carry more than 100 passengers is

in the range of 3,000 to 4,000 landings, up from the 2,000 to 3,000 landings

typical of first-generation C/C brakes.

Changing demands of customers in the market

Some of the changing demands of customers in the global aircraft carbon

braking system market are the following.

With the widespread use of composites in new technology aircraft, such as the

Boeing 787, Airbus A350XWB, Bombardier C Series, and Embraer E-Jets, the

aircraft carbon braking system market is also expanding. In all aircraft, such as

Boeing 787 and Airbus 350XWB, carbon brakes are installed because of several

advantages, including lower maintenance costs and durability.

The following are some of the changing demands of customers:

 A shift from the steel brakes to the carbon brakes because they offer low

maintenance, higher durability, and better performance.

 With increasing demand for lightweight and fuel-efficient aircraft,

reduction in the weight of aircraft brakes is highly required. Carbon brake

is preferred for aircraft carbon braking system, as it is more lightweight

than steel brakes.

6.3 Strategic Analysis

This section analyzes the strategic moves adopted by the industry players to

gain competitive advantage over rivals. The strategic analysis of competitors is

based on certain parameters which include new product development, capacity

expansion measures, mergers and acquisitions by competitors, and certification

and licensing. The performance of a company, in a particular business segment,

depends on how it responds to the market forces.

6.3.1 Capacity Expansion of the Global Aircraft Carbon Braking System

Market

The global aircraft carbon braking system market expanded with a positive

growth rate in the last five years, and the industry players adopted a

combination of strategies to derive benefits from this growth momentum. The

aircraft carbon braking system market witnessed new establishment and also

expansion of existing production lines over the trend period from 2012 to 2017.

The figure below depicts the major capacity building initiatives by the major

industry players during the trend period.

Figure 6.4: Capacity Expansion in the Global Aircraft Carbon Braking system

Market

In 2016, Meggitt Aircraft Braking System shifted its facility from Akron, Ohio to

Danville. The new facility is started with wheel and brake maintenance and

repair. The company also expanded its carbon brake manufacturing capacity

with three new production furnaces and related support machines.

Safran’s Messier-Bugatti-Dowty expanded its Kentucky, USA based plant for

wheels and brakes twice during the trend period: once in 2016 and the second

in 2013. In 2016, Safran invested $100 million and invested $50 million in 2013.

In 2015, Safran started a new plant in Sendayan, Malaysia. Messier-Bugatti-

Dowty’s new plant is specialized in carbon disks for commercial aircraft brakes.

The new plant has an area of 108,000 square feet.

6.3.2 Mergers, Acquisitions and Joint Ventures in the Global Aircraft

Carbon Braking System Market

In 2011, Safran subsidiaries Messier-Bugatti, Messier Dowty, and Messiers

Services merged to form Messier-Bugatti-Dowty. Messier-Bugatti-Dowty is

involved in design, development, manufacturing, and customer support for all

types of aircraft landing gear, wheels, and brakes. Messier-Bugatti-Dowty is the

world leader in landing and braking systems for large commercial aircraft.

7. Company Profiles of Leading Players

7.1 Safran (Messier-Bugatti-Dowty)

Company Name

:

Safran (Messier-Bugatti-Dowty)

Headquarters

:

Vélizy-Villacoublay, France

Phone

:

+33 1 46 29 81 00

Web Address

:

www.safran-landing-systems.com

Company Overview

Safran Landing Systems is the world’s leader in terms of brake and landing gear

manufacturing and includes the complete range of product life cycle from

manufacturing to repairs and overhaul. Safran Landing Systems holds 51% of

the global market in carbon brakes, which are used by 6,800 aircraft in service.

Safran Landing Systems provides landing gear services to more than 500

customers and it has a record of repairing more than 10,000 equipment

components per year.

Safran Landing Systems has worked with Airbus for more than 30 years and has

developed partnerships with more than 30 civil and military aircraft

manufacturers. Mainline commercial jets have more than 100 seating capacity;

Safran provides landing gear for Airbus (A320, A320neo, A350 XWB, and A380)

and Boeing (737 family, 747, 767, 777, and 787 dream liners). Safran provides

landing gear for regional and business aircraft, which includes Dassault Falcon

and Falcon 7X, ATR 42 and 72, Bombardier Learjet 85 family, and Global

5000/6000 and 7000/8000 aircraft.

Aircraft Carbon Braking Systems Business Overview

Safran Landing Systems is involved in manufacturing carbon brakes for all types

of aircraft. Its carbon brakes are installed in major aircraft programs such as

Airbus A320Neo, Airbus A350XWB, Boeing 737 Next Generation, Boeing 737

Max, Boeing 787 Dreamliner, and Boeing Business Jets.

Product Portfolio

The company’s product line for aircraft carbon braking system includes:

 Carbon Brakes

Markets Served

 Large Commercial Aircraft

 Regional Aircraft

 Business Jets

 Military Aircraft

Geographical Reach

Safran is based in the France and operates all over the world. Safran’s major

manufacturing location is based in European region. The figure below represents the

plant locations of Safran carbon braking system facilities.

Figure 7.1: Major Plant Locations of Safran’s Carbon Braking Systems

7.2 Honeywell

Company Name

:

Honeywell Aerospace

Headquarters

:

New Jersey, USA

Phone

:

1-602-365-3099

Web Address

:

www.aerospace.honeywell.com

Company Overview

Honeywell Aerospace Inc. manufactures and supplies aircraft components,

avionics, engines, and systems for airframe manufacturing, commercial aircraft,

military aircraft, defense, business jets, and space markets, as well as other

markets in the aerospace industry. The company offers actuation products, air

and thermal management products, auxiliary power units, cabin management

and entertainment products, cockpit systems and displays, electric power

products, engines, health and usage monitoring products, lighting products,

microelectronics, navigation products and radios, recorders and transmitters,

satellite communications, sensors, space products, terrain and traffic

awareness, vehicle turbochargers, weather radars, and wheels and braking

systems. Honeywell Aerospace also provides aerospace trading, asset

availability, cabin connectivity, maintenance and service plans, certifications,

training, and other flight services. Honeywell Aerospace was founded in 1914

and is based in Phoenix, Arizona, with an additional office in Tempe, Arizona.

Honeywell Aerospace Inc. operates as a subsidiary of Honeywell International

Inc.

Aircraft Carbon Braking Systems Business Overview

Honeywell’s carbon brakes come under its wheel and braking system business.

Honeywell manufactures carbon brakes for both commercial and military aircraft.

Honeywell uses its Carbinex material for manufacturing of carbon brakes. For

commercial aircraft, Honeywell’s carbon brakes offerings include Airbus A380,

A330, A340, Boeing B747, B777, B767, Boeing MD-11, Comac C919, and

Embraer ERJ 135/ ERJ 145. For military aircraft it is Boeing F-15, Boeing F-18,

Boeing KC-46A, Lockheed Martin F-22, Lockheed Martin F-35, Northrop

Grumman B-2.

Product Portfolio

 Carbenix Commercial Brakes

 Carbenix Military Brakes

Markets Served

 Commercial Aircraft

 Regional Aircraft

 Military Aircraft

Geographical Reach

Honeywell is based in the USA and operates all over the world. Honeywell’s major

manufacturing location is based in North American region. The figure below represents

the plant location of Honeywell carbon braking system facilities.

Figure 7.2: Major Plant Location of Honeywell’s Carbon Braking System Business

7.3 Meggitt

Company Name

:

Meggitt

Headquarters

:

United Kingdom

Phone

:

+44 (0)1202 597597

Web Address

:

www.meggitt.com

Company Overview

Meggitt PLC designs and manufactures components and sub-systems for

aerospace, defense, energy, medical, industrial, test and automotive. The

Company's divisions are Meggitt Aircraft Braking Systems (MABS), Meggitt

Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt

Sensing Systems (MSS) and the Meggitt Equipment Group (MEG). Its MABS

supplies aircraft wheels, brakes and brake control systems. Its MCS supplies

pneumatic, fluid control, thermal management and electro-mechanical

equipment and sub-systems. Its MPC specializes in fuel containment and

systems, sealing solutions and advanced composites. Its MSS provides sensing,

monitoring, power and motion systems, which specializes in products designed

to operate in demanding conditions across a range of applications. Its MEG

enables a set of technologically distinct businesses to market their offerings to

customers.

Aircraft Carbon Braking Systems Business Overview

Meggitt Aircraft Braking Systems provides aircraft carbon braking systems to all

the applications of aerospace industry. For commercial aircraft Meggitt provides

carbon brakes to Airbus A321/A320, Avcraft 328 Jet, BAE Systems 146/Avro RJ,

Boeing 757-200/300, Boeing MD-90, Bombardier CRJ-1000, Bombardier

CS100/300, COMAC ARJ21, Embraer 170/175, Embraer 190/195, Fokker

100/70, and Irkut MC-21. For business jets, Bombardier Challenger 600/601,

Bombardier Challenger 604/605, Bombardier Global 7000/8000, Dassault Falcon

5X, Dassault Falcon 7X, Dassault Falcon 8X, Dassault Falcon 900LX, Embraer

Legacy 450/500, Embraer Lineage 1000, Embraer Phenom 300, Gulfstream

G150, Gulfstream G280, Gulfstream G450, Gulfstream G500, Gulfstream G550,

Gulfstream G600, Gulfstream G650/ER, Gulfstream GIIB/GIII, Gulfstream

GIV/GIV-SP, Gulfstream GV/GV-SP, Hawker 200, Hawker 4000. For regional

turboprop, Avions de Trans Reg ATR-72, BAE Systems ATP, EADS Casa C295,

Ruag Do228-212, Saab 2000, Saab S-340. For military aircraft, Aermacchi M-

346, AIDC (Taiwan) IDF, BAE Systems Harrier II, BAE Systems Nimrod MRA4,

Boeing AV-8B, Boeing B-1B, Boeing X-37, EADS Barracuda, Eurofighter

Typhoon, KAI T-50/A-50, Lockheed Martin F-117A, Lockheed Martin F-16,

Lockheed Martin F-35 JSF, Mitsubishi F2, Saab Gripen NG, and Saab JAS-39.

Product Portfolio

 Carbon Brakes

Markets Served

 Commercial Aircraft

 Regional Aircraft

 Business Jets

 Military Aircraft

Geographical Reach

Meggitt is based in the UK and operates all over the world. Meggitt’s major

manufacturing location is based in European region. The figure below represents the

plant location of Meggitt’s carbon braking system facilities.

Figure 7.3: Major Plant Location of Meggitt’s Carbon Braking Systems

Strategic Initiative

In 2016, Meggitt Aircraft Braking System shifted its facility from Akron, Ohio to

Danville, Kentucky. The new facility is started with wheel and brake

maintenance and repair. The company also expanded its carbon brake

manufacturing capacity with three new production furnaces and related support

machines.

7.4 UTC Aerospace Systems

Company Name

:

UTC Aerospace System

Headquarters

:

Charlotte, North Carolina, United

States

Phone

:

+1 704 423 7000

Web Address

:

www.utcaerospacesystems

Company Overview

UTC Aerospace Systems is a global supplier of systems and services to the

aerospace, defense, and homeland security markets. The headquarters of UTC

Aerospace Systems is in Charlotte, North Carolina. The company has worldwide

manufacturing and service facilities, which help it to serve a global customer

base.

A wide-ranging range of products, systems, and services for aircraft and engine

manufacturers, airlines, and defense forces are offered by UTC Aerospace

Systems around the world. The company is one of the world's largest aerospace

and defense companies. It is involved in innovations and strategic acquisitions

to enhance its internal growth. UTC Aerospace Systems’ products are on almost

every aircraft in the world, ranging from aerostructures and actuation systems to

landing gears, engine control systems, sensors, and safety systems.

Aircraft Carbon Braking Systems Business Overview

UTC aerospace system manufactures electric and hydraulically actuated brakes.

UTC uses its DURACARB material for manufacturing carbon brakes. UTC

manufactures carbon brakes for Boeing 737NG, C130, Citation X, Global

Express/XRS, and Global 5000.

Product Portfolio

The company’s product line for aircraft carbon braking system includes:

 Carbon Brakes

Markets Served

 Commercial Aircraft

 Business Aircraft

 Military Aircraft

Geographical Reach

UTC Aerospace is based in the USA and operates all over the world. UTC’s major

manufacturing location is based in North American region. The figure below represents

the plant location of UTC Aerospace carbon braking system facilities.

Figure 7.4: Major Plant Location of UTC Aerospace’s Carbon Braking Systems

7.5 Crane Aerospace

Company Name

:

Crane Aerospace & Electronics

Headquarters

:

Washington, USA

Phone

:

+1 818.526.2500

Web Address

:

www.craneae.com

Company Overview

Crane Aerospace & Electronics, Inc. supplies systems and components to

aerospace and defense markets. It offers cabin systems, fluid management

solutions, landing gear systems, microelectronics, microwave components and

integrated assemblies, power components and subsystems, and sensing

components and systems to manufacturers and airlines. The company also

provides aftermarket support services, such as component maintenance,

product repair and overhaul, technical support and assistance, spares sales and

leasing support, and military/defense services. Crane Aerospace & Electronics,

Inc. was formerly known as Crane Aerospace, Inc. and changed its name to

Crane Aerospace & Electronics, Inc. in July 2003. The company was founded in

1999 and is based in Lynnwood, Washington with locations worldwide. Crane

Aerospace & Electronics, Inc. operates as a subsidiary of Crane Co.

Aircraft Carbon Braking Systems Business Overview

Crane aerospace is among the leading players of aircraft carbon braking system

market. Crane manufactures carbon brakes for commercial aircraft segment.

Product Portfolio

 Carbon Brakes

Markets Served

 Commercial Aircraft

Geographical Reach

Crane Aerospace is based in the USA and operates all over the world. Crane

Aerospace’s major manufacturing location is based in North American region. The figure

below represents the plant location of Crane Aerospace carbon braking system facilities.

Figure 7.5: Major Plant Location of Crane Aerospace Carbon Braking Systems

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Aircraft Carbon Braking System Market Test

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Publisher: Lucintel Publication date: October 2024	Price: $4850 (1 User License)
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Aircraft Carbon Braking System Market Test

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