Aircraft Electric Brake Control System Market Technological Advancements, Growth Opportunity and Forecast 2018-2026
Aircraft electric
brake control system collects data from remote data consolidators and then
transmit the information of wheel’s data to brake control system with the help
of digital data communication bus. This system helps in reducing the overall
weight of the aircraft, prevents inadvertent braking, and also prevents the
error propagation between subsystems. Thus, the new technologies and
innovations in the braking system are expected to replace conventional braking
system by the new electric brake control system. The benefits associated with
new electric brake control system are high reliability, consistency,
modularity, and reduced aircraft assembly time for the manufacturer, reduced
maintenance for the operator, and higher system redundancy for both reliability
and safety. Hence, the benefits associated with electric brake control system
are expected to propel the growth of the market.
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Increasing aircraft deliveries and minimization of maintenance cost
are among the major driving factors for the growth of the aircraft electric
brake control system market
The major factor
driving the global market growth is increasing aircraft deliveries, owing to
increasing air passengers’ traffic worldwide. For instance, according to the
Coherent Market Insights, total 43,725 units of commercial aircrafts will be
delivered from 2017 to 2036 worldwide. Therefore, increasing number of aircraft
deliveries is expected to positively increase the demand for electric brake
systems, which is expected to overcome challenges associated with hydraulic
brake system, such as sometimes fluid makes the system useless when slight
leakage among others. This factor is expected to propel growth of the aircraft
electric brake control system market during the forecast period
Furthermore, the
airlines are also more concern for reduction of operational and maintenance
costs, which will directly help them to increase the overall revenue. Thus,
airlines are expected to propel demand for the aircraft assembled with new
electric brake control system, as it has longer brake life as compared to the
hydraulic brake, which in turn is fuelling the growth of the market.
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Global Aircraft Electric Brake Control System Market: Regional
Insights
The global market
for aircraft electric brake control system market is segmented on the basis of
regions into North America, Europe, Asia Pacific, Latin America, Middle East,
and Africa. The market for North America accounted largest share in the global
aircraft electric brake market in 2016, and this market is expected to retain
its dominance during the forecast period. The U.S. is the prominent source for
the regional market growth due to the presence of the key players including
Airbus, Boeing, and BAE Systems. Moreover, this growth is attributed to increasing
aircraft deliveries in this particular region due to the increasing air
passenger traffic. These factors are expected to boost regional market growth.
For instance, according to Airbus, the number of aircraft delivered in 2017 is
2,360 units and the number of order placed for the period of 2018 to 2036 is
3,260 units. Therefore, increasing deliveries of the aircraft are expected to
propel the demand for electric brakes, which in turn is expected to boost the
regional market growth.
Asia Pacific is
expected to be the fastest growing region during the forecasted period followed
by North America. According to the International Air Transport Association
(IATA), the aviation sector of Asia Pacific region is projected to grow
continuously in next two decades. Emerging economies such as India and China
are projected to proportionally help in increasing air travelling, owing
increasing urbanisation and high disposable incomes. For instance, according to
the Boeing, the total number new aircraft to be delivered in the Asia-Pacific
region between the periods of 2015 to 2034 is around 38,050 units.
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Global Aircraft Electric Brake Control System Market: Competitive
Insights
The key players
in the aircraft electric brake control system market includes UTC Aerospace
System, Safran Landing System, Crane Aerospace& Electronics, Honeywell
International, Inc., Aeroned Inc., Fan Jet USA, Meggitt Group, Advent Aircraft
System,Inc., Saywell international, Inc., and Parker Hannifin Co.
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