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Asia Pacific Aircraft Wheels and Brakes Market

2021

Aerospace and Defense Asia Pacific Aircraft Wheels and Br...

Asia Pacific Aircraft Wheels and Brakes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Braking System, Wheels, and Brakes), Fit Type (Line Fit and Retro Fit), and End User (Defense and Commercial)

Publication Month: Oct 2021 | Report Code: TIPRE00025209 | No. of Pages: 86 | Category: Aerospace and Defense | Status: Published

Market Insights

Asia Pacific Aircraft Wheels and Brakes Market to Grow at a CAGR of 9.7% to reach US$ 3,147.99 million from 2021 to 2028

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The aircraft wheels and brakes market in Asia Pacific is expected to grow from US$ 1,650.72 million in 2021 to US$ 3,147.99 million by 2028; it is estimated to grow at a CAGR of 9.7% from 2021 to 2028.


China, India, and Japan are major economies in Asia Pacific. Electric brakes and fiber-reinforced plastic wheels is the major factor driving the growth of the Asia Pacific aircraft wheels and brakes market. Electric brakes have emerged as an attractive alternative to conventional aircraft brake systems due to their benefits such as reduction in fuel consumption and CO2 emissions due to optimized weight of aircraft. These brake systems come with easy installation procedures and maintenance requirements, which simplifies the process of retrofitting for aircraft MRO services players. The electric brake systems integrate smart features such as real-time assessment of carbon disk wear and quick data transmission to the cockpit to bring greater convenience in aircraft operations. The anti-oxidation coating on brakes increases their service life and provides better protection against de-icing products. Electric brakes are predominantly used in several military aircraft models; on the other hand, B787 Dreamliner is the only commercial aircraft model that uses electric brakes. Advanced features such as real-time assessment reporting and data transmission make it popular among aircraft manufacturers. With these benefits, electric brake systems are anticipated to become a prominent trend in the aircraft wheels and brakes market in the coming years. In the aircraft wheel manufacturing segment, many conceptual developments are underway as several manufacturers are concentrating on the development of fiber-reinforced plastics wheels. Since wheels bear the maximum dynamic and thermal loads during aircraft take-off and landing, several stakeholders are engaged in exploring different advanced raw materials as suitable and better replacements for aluminum or magnesium in wheel production. Thus, a carbon-fiber-reinforced plastic wheel is another trend emerging in the aircraft wheels and brakes market, which is further anticipated to drive the market in Asia Pacific.

The COVID-19 pandemic has disrupted the economy of APAC and its aerospace market, along with changing the customer attitude toward the sector. The region has witnessed a significant decline in the air transportation. As per IATA estimates Asia-Pacific airlines recorded a year-on-year revenue decline of US$ 113 billion in 2020. The reduction in air travel demand, and border restrictions have resulted in the grounding of aircraft at an unprecedented scale. ~18,000 aircraft, including the Boeing 747 and Airbus A380, were shelved in 2020 due to the collapse in passenger demand and bankruptcies. China is one of the leading aerospace manufacturing countries in the region and has been one of APAC's most affected countries by the pandemic during Q1 and Q2 of 2020. Airbus and Boeing manufacturing facilities in China were shut down for a long period, which resulted in substantially low demand for various components and systems, including wheels and brakes. Similarly, OMAC, an indigenous aircraft manufacturer in China, also halted its production of C919 during Q1.However, the aviation authorities, airlines, and aircraft manufacturers foresee a strong growth in APAC aviation industry. Owing to this, several airlines and military forces are ordering and taking deliveries of newer aircraft models. This is expected to drive the demand for aircraft wheels, brakes, and braking systems among commercial and military MRO facilities and aircraft manufacturers.With the decline in COVID-19 cases, many manufacturing plants and facilities are starting to open up in various countries in APAC, and employees are also returning to work. Countries such as Japan, South Korea, and Australia have made better progress in recent weeks, having ramped up their vaccination programs. In contrast, Singapore has been the leader among the APAC economies, with a first-dose vaccination rate as a share of total population that is amongst the highest in the world, on a par with the UK and Canada.

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Asia Pacific Aircraft Wheels and Brakes Market Segmentation

Asia Pacific Aircraft Wheels and Brakes Market – By Component

  • Braking System
  • Wheels
  • Brakes

Asia Pacific Aircraft Wheels and Brakes Market – By Fit Type

  • Line Fit
  • Retro Fit

Asia Pacific Aircraft Wheels and Brakes Market – By End User

  • Defense
  • Commercial

Asia Pacific Aircraft Wheels and Brakes Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Asia Pacific Aircraft Wheels and Brakes Market – Companies Mentioned

  • Collins Aerospace
  • Crane Aerospace & Electronics
  • Honeywell International Inc.
  • Meggitt PLC
  • Parker Hannifin Corporation
  • Safran

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Asia Pacific Aircraft Wheels and Brakes Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem Analysis

5. Asia Pacific Aircraft Wheels and Brakes – Market Dynamics

5.1 Market Drivers

5.1.1 Rising Use of Durable, Lightweight, Sturdy Carbon Brakes

5.1.2 Increasing Demand for Passenger Airline Services

5.2 Market Restraints

5.2.1 Recall of B737 Max and Discontinuation of A380 and B747 Manufacturing

5.3 Market Opportunities

5.3.1 Burgeoning Demand for MRO Activities in Emerging Economies

5.4 Future Trends

5.4.1 Electric Brakes and Fiber-Reinforced Plastic Wheels

5.5 Impact Analysis of Drivers and Restraints

6. Aircraft Wheels and Brakes Market – Asia Pacific Market Analysis

6.1 Asia Pacific Aircraft Wheels and Brakes Market Overview

6.2 Asia Pacific Aircraft Wheels and Brakes Market Revenue Forecast and Analysis

7. Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 – Component

7.1 Overview

7.2 Asia Pacific Aircraft Wheels and Brakes Market, By Component (2020 & 2028)

7.3 Braking Systems

7.3.1 Overview

7.3.2 Braking System: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

7.4 Wheels

7.4.1 Overview

7.4.2 Wheels: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

7.5 Brakes

7.5.1 Overview

7.5.2 Brakes: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Aircraft Wheels and Brakes Market Analysis and Forecast to 2028 – Fit Type

8.1 Overview

8.2 Asia Pacific Aircraft Wheels and Brakes Market, By Fit Type (2020 & 2028)

8.3 Line Fit

8.3.1 Overview

8.3.2 Line Fit: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

8.4 Retro Fit

8.4.1 Overview

8.4.2 Retro Fit: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Aircraft Wheels and Brakes Market Analysis and Forecast to 2028 – End User

9.1 Overview

9.2 Asia Pacific Aircraft Wheels and Brakes Market, By End User (2020 & 2028)

9.3 Defense

9.3.1 Overview

9.3.2 Defense: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

9.4 Commercial

9.4.1 Overview

9.4.2 Commercial: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Aircraft Wheels and Brakes Market – Country Analysis

10.1 Asia Pacific: Aircraft Wheels and Brakes Market

10.1.1 Asia Pacific: Aircraft Wheels and Brakes Market, by Key Country

10.1.2 Australia: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.1 Australia: Aircraft Wheels and Brakes Market, by Component

10.1.2.2 Australia: Aircraft Wheels and Brakes Market, by Fit Type

10.1.2.3 Australia: Aircraft Wheels and Brakes Market, by End User

10.1.3 China: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

10.1.3.1 China: Aircraft Wheels and Brakes Market, by Component

10.1.3.2 China: Aircraft Wheels and Brakes Market, by Fit Type

10.1.3.3 China: Aircraft Wheels and Brakes Market, by End User

10.1.4 India: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

10.1.4.1 India: Aircraft Wheels and Brakes Market, by Component

10.1.4.2 India: Aircraft Wheels and Brakes Market, by Fit Type

10.1.4.3 India: Aircraft Wheels and Brakes Market, by End User

10.1.5 Japan: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

10.1.5.1 Japan: Aircraft Wheels and Brakes Market, by Component

10.1.5.2 Japan: Aircraft Wheels and Brakes Market, by Fit Type

10.1.5.3 Japan: Aircraft Wheels and Brakes Market, by End User

10.1.6 South Korea: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

10.1.6.1 South Korea: Aircraft Wheels and Brakes Market, by Component

10.1.6.2 South Korea: Aircraft Wheels and Brakes Market, by Fit Type

10.1.6.3 South Korea: Aircraft Wheels and Brakes Market, by End User

10.1.7 Rest of APAC: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

10.1.7.1 Rest of APAC: Aircraft Wheels and Brakes Market, by Component

10.1.7.2 Rest of APAC: Aircraft Wheels and Brakes Market, by Fit Type

10.1.7.3 Rest of APAC: Aircraft Wheels and Brakes Market, by End User

11. Asia Pacific Aircraft Wheels and Brakes Market - COVID-19 Impact Analysis

11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Merger and Acquisition

13. Company Profiles

13.1 Collins Aerospace

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Honeywell International Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Meggitt PLC

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Parker Hannifin Corporation

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Safran

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Crane Aerospace & Electronics

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Table 2. Asia Pacific: Aircraft Wheels and Brakes Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 4. Australia: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. Australia: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 6. China: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 7. China: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 8. China: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 9. India: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 10. India: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. India: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 12. Japan: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 13. Japan: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 14. Japan: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 15. South Korea: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 16. South Korea: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. South Korea: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of APAC: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of APAC: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)

Table 20. Rest of APAC: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 21. List of Abbreviation

LIST OF FIGURES

Figure 1. Asia Pacific Aircraft Wheels and Brakes Market Segmentation

Figure 2. Asia Pacific Aircraft Wheels and Brakes Market Segmentation – By Country

Figure 3. Asia Pacific Aircraft Wheels and Brakes Market Overview

Figure 4. Asia Pacific Aircraft Wheels and Brakes Market, by Component

Figure 5. Asia Pacific Aircraft Wheels and Brakes Market, by Fit Type

Figure 6. Asia Pacific Aircraft Wheels and Brakes Market, By Country

Figure 7. Asia Pacific Aircraft Wheels and Brakes Market - Porter’s Five Forces Analysis

Figure 8. Asia Pacific Aircraft Wheels and Brakes Market : Ecosystem Analysis

Figure 9. Asia Pacific Aircraft Wheels and Brakes Market: Impact Analysis of Drivers and Restraints

Figure 10. Asia Pacific Aircraft Wheels and Brakes Market Revenue Forecast and Analysis (US$ Million)

Figure 11. Asia Pacific Aircraft Wheels and Brakes Market, by Component (2020 & 2028)

Figure 12. Braking System: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 13. Wheels: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. Brakes: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. Asia Pacific Aircraft Wheels and Brakes Market, By Fit Type (2020 & 2028)

Figure 16. Line Fit: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. Retro Fit: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. Asia Pacific Aircraft Wheels and Brakes Market, By End User (2020 & 2028)

Figure 19. Defense: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. Commercial: Asia Pacific Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. Asia Pacific: Aircraft Wheels and Brakes Market – Revenue by Country to 2028 (US$ Million)

Figure 22. Asia Pacific: Aircraft Wheels and Brakes Market Revenue Share, by Key Country (2020 & 2028)

Figure 23. Australia: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. China: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. India: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Japan: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. South Korea: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Rest of APAC: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Impact of COVID-19 Pandemic in APAC Country Markets

  1. Collins Aerospace
  2. Crane Aerospace & Electronics
  3. Honeywell International Inc.
  4. Meggitt PLC
  5. Parker Hannifin Corporation
  6. Safran
  • To understand the Asia Pacific aircraft wheels and brakes market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific aircraft wheels and brakes market
  • Efficiently plan M&A and partnership deals in Asia Pacific aircraft wheels and brakes market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific aircraft wheels and brakes market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region
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