PUBLISHER: IMARC | PRODUCT CODE: 1451017
PUBLISHER: IMARC | PRODUCT CODE: 1451017
The global commercial aircraft carbon brakes market size reached US$ 1,010.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,875.4 Million by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.
Carbon brakes help stop a moving aircraft by exploiting friction between the rotating and stationary discs. These brakes are durable and resistant against high temperature, thermal shock and mechanical fatigue. Consequently, they are widely preferred over steel brakes in commercial aircraft. The retrofitting of these brakes in certain airplanes models can help decrease fuel consumption and reduce carbon dioxide (CO2) emissions. Moreover, improvements in the manufacturing and overhaul procedures have reduced the overall cost of carbon brakes, which is expanding their applications in small, short-haul commercial aircraft.
The rising air passenger traffic on account of inflating disposable incomes, increasing business travels and the easy availability of online travel bookings represents one of the key factors bolstering the market growth. Moreover, the growing international trade, along with the escalating demand for high-performance brakes in commercial aircraft, is also stimulating the market growth. Furthermore, advantages associated with carbon brakes, such as long service intervals, low maintenance costs, high energy absorption and fast cooling rates, are increasing their adoption over conventional brakes. Apart from this, with the rising environmental concerns, governing agencies of various countries are imposing stringent standards on greenhouse gas (GHG) emission from the aviation industry, which is influencing the market positively. However, a decline in travel and tourism activities due to the spread of the coronavirus disease (COVID-19) and suspension of various domestic and international airline services is negatively impacting the market growth. It is anticipated to experience growth once lockdown restrictions are relaxed.
IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial aircraft carbon brakes market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on aircraft type, material, manufacturing process and end user.
Narrow-body Aircraft
Wide-body Aircraft
Others
Petroleum Pitch
Polyacrylonitrile
Chemical Vapor Infiltration
Liquid Phase Infiltration
OEM
Aftermarket
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Airbus SE, Crane Company, Honeywell International Inc., Meggitt Plc, Mersen, Mitsubishi Heavy Industries Ltd., Parker-Hannifin Corporation, Raytheon Technologies Corporation, Safran S.A. and SGL Carbon SE.