Lewes, DE -- (SBWire) -- 08/24/2016 --Report forecast the global commercial aircraft carbon brakes market to grow at a CAGR of 11.64% during the period 2016-2020.
Carbon brakes were originally used in military aircraft applications due to their low weight and high energy absorption capability. These were made widely available for commercial and civil aircraft in 1980. Historically, the cost association of carbon brakes was much higher than the conventional steel brakes, and their use was restricted to only large long-haul commercial aircraft.
The report covers the present scenario and the growth prospects of the global commercial aircraft carbon brakes market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, growing demand for new aircraft from APAC will be a key driver for market growth. One of the major factors driving the growth of carbon brakes market is the increasing demand for energy-efficient aircraft from APAC. The cost-efficient business model and no-frills services strategy adopted by the regional airlines have augmented the demand for new aircraft in the region. The region will receive around 12,596 new aircraft till 2034 with an annual growth rate of 6% each year. This development will be substantially propelled by the increased delivery of new narrow-body aircraft for catering the demand of low-cost airlines. This will also have a corresponding increase in the demand for carbon brakes and associated components in the region.
Further, the report states that manufacturing and procedural constraints will be a challenge for the market. The manufacturers of commercial aircraft are bound by stringent regulations imposed by regulatory agencies, including the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). Also, the airworthiness certificates are issued to only those aircraft that comply with such rules and regulations. The increased costs while complying with such norms poses a challenge on the mass scale production of commercial aircraft carbon braking systems. In addition, the stringent certification process also acts as a barrier to the new entrants that are potential to enter the commercial aircraft carbon brakes market.
Global Commercial Aircraft Carbon Brakes Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global commercial aircraft carbon brakes market: Honeywell International, Meggitt, Safran Landing Systems, and UTC Aerospace Systems.
Market driver
- Demand for lightweight and fuel-efficient aircraft
- For a full, detailed list, view our report
Market challenge
- Manufacturing and procedural constraints
- For a full, detailed list, view our report
Market trend
- Efforts for minimizing airlines operating and maintenance costs
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 57 pages and 30 Exhibit "Global Commercial Aircraft Carbon Brakes Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-commercial-aircraft-carbon-brakes-market-2016-2020
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