LONDON — The aircraft carbon brake disc market is anticipated to exceed $2.1 billion by 2033, up from the expected $1.18 billion this year, according to a recently published study by Future Market Insights.
The FMI report, Aircraft Carbon-brake-disc Market Outlook (2023-2033), expects the industry to experience a compound-annual-growth rate (CAGR) of 5.9% during the outlook period.
- Stringent government policies, higher performance, cost efficiency, and longer shelf life are some leading factors contributing to market growth. Furthermore, the lighter weight of carbon-brake-discs also reduces fuel consumption, limiting the environmental impact of each flight.
- Different grades of carbon-brake-discs offer various sets of properties that can be used according to the aircraft model and generation. Alongside this, the advanced feature of this type of brake disc also helps the overall flight experience.
- The higher air travel, long-lasting performance, stable quality, and lower competitive cost are in line with the benefits of the aircraft carbon-brake-discs.
- The enhanced operational and security flexibility is delivered through less maintenance and shorter braking distance. Furthermore, it is a part of the eco-friendly airplanes that are also flourishing in their market growth across the regions.
- The United States market leads the aircraft carbon-brake-disc market in terms of market share in North America. The United States region held a market share of 27.2% in 2022. The growth in this region is attributed to the rising number of fleets, strict government policies around civil aviation, and an increased number of people taking flights.
- The German market is another thriving market in the European region. The market captured a market share of 7.2% in 2022. The growth is attributed to the government’s efforts for environmentally friendly flights and Germany being the hub of aircraft and its parts manufacturing.
- The China aircraft carbon-brake-disc market thrives at a CAGR of 6.3% during the forecast period. The growth is caused by the higher military aircraft consumption coupled with technological adoptions of the Chinese Airforce.
- The Indian market thrives at a CAGR of 7.1% between 2023 and 2033. The higher growth rate is caused by higher consumption, aviation updates, and large investments in India’s civil aviation through government and private entities.
- Based on material type, the carbon composite segment leads the market as it held a share of 65.5% in 2022.
- Based on the aircraft type, the general aviation segment leads, holding a market share of 56.2% in 2022.
The key vendors focus on producing lighter, more durable, and effective disc brakes. Key competitors merge, acquire, and collaborate with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- Parker-Hannifin Corp has introduced the Parker multiple-disc carbon brake. The brake disc delivers a working pressure of 2000 psi and is made for commercial aviation usage.
- Raytheon Technology’s Collins Aerospace has launched its carbon aircraft brake disc for aircraft of different sizes and shapes. The material used in the brake is a form of carbon developed under DURACARB.