What is the future of Commercial Aerospace Carbon Brakes Market? Know Covid Impact on Size, Share & Forecasts

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Commercial Aerospace Carbon Brakes Market.

It was estimated prior to this unanticipated outbreak that the Commercial Aerospace Carbon Brakes Market was likely to witness an impressive CAGR of 8.4% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Commercial Aerospace Carbon Brakes Market Segment Insights:

By Region:

North America is expected to remain the largest market for carbon brakes due to manufacturing base of largest commercial OEM, Boeing and increasing retrofit market. However, during the next five years, Asia Pacific is expected to grow at the highest rate. Both OEM and aftermarket segments are likely to offer healthy opportunity in the next five years.

The supply chain of this market comprises raw material suppliers, carbon brake manufacturers, distributors, aircraft OEMs, and airlines. The key commercial aerospace OEMs are Boeing and Airbus and key airlines are Lufthansa, Delta Air, Air China, and Singapore Airlines.

The carbon brakes market is a highly consolidated market. The key carbon brakes are Safran Landing Systems (Messier-Buggatti-Dowty), UTC Aerospace Systems, Honeywell Aerospace, and Meggitt Aircraft Braking Systems. New product development, regional expansion, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.