The aircraft wheels and brakes market in South America is expected to grow from US$ 763.13 million in 2021 to US$ 1,067.77 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.
Electric brakes and fiber-reinforced plastic wheels are propelling the demand for aircraft wheels and brakes. 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; however, B787 Dreamliner is the only commercial aircraft model that uses electric brakes. Advanced features of these brakes such as real-time assessment reporting and data transmission make them 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 better replacements for aluminum or magnesium in wheel production. Thus, a carbon-fiber-reinforced plastic wheel is emerging as a significant trend in the aircraft wheels and brakes market.
In South America Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. Governments of South American countries has taken all necessary actions to protect their citizens and control the COVID-19 spread. Brazil is the largest spender in the aerospace industry and the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and aircraft related systems and technologies is at an all-time high in the country. In addition, the majority of the components are imported from the US, China, and European countries. The slowdown in commercial and military aircraft production in these countries has impaired the supply chain in Brazil. This has weakened the demand for several components, including wheels and brakes.
The retro fit segment led the aircraft wheels and brakes market based on fit type in 2020. The retrofit segment holds the largest market size in the aircraft wheels and brakes market. This is due to the rising maintenance, repairing, and overhauling services of existing aircraft fleets on a regular interval basis to protect wheels and brakes against corrosion. For instance, the majority of the commercial large aircraft fleet requires the overhauling of wheels after every five tire changes. In addition, according to Lufthansa Technik (aircraft maintenance, repairing, and overhauling company) retrofits around 20,000 wheels on yearly basis at Frankfurt Airport. Similarly, carbon brakes are overhauled on every 2,000 landings. Further, the heavy commercial aircraft tires retrofit with new tires on every 120 to 400 landings depending on a few factors such as the total weight of an aircraft, materials used in brakes and other components, total capacity of aircraft. The abovementioned factors are subsequently providing significant growth prospects for the aircraft wheels and brakes market for the retrofit segment, which is ultimately drives the aircraft wheels and brakes market.
The overall South America aircraft wheels and brakes market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the South America aircraft wheels and brakes market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the South America aircraft wheels and brakes market. Collins Aerospace, Honeywell International Inc., Meggitt PLC, Parker Hannifin Corporation, and Safran are among a few players operating in the South America aircraft wheels and brakes market.
TABLE OF CONTENTS
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. South America Aircraft Wheels and Brakes Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
5. South America Aircraft Wheels and Brakes - Market Dynamics
5.1 Market Drivers
5.1.1 Rising Use of Durable, Lightweight, Sturdy Carbon Brakes
5.1.2 Surge in 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 - South America Market Analysis
6.1 South America Aircraft Wheels and Brakes Market Overview
6.2 South America Aircraft Wheels and Brakes Market Revenue Forecast and Analysis
7. South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 - Component
7.1 Overview
7.2 South America Aircraft Wheels and Brakes Market, By Component (2020 & 2028)
7.3 Braking Systems
7.3.1 Overview
7.3.2 Braking System: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
7.4 Wheels
7.4.1 Overview
7.4.2 Wheels: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
7.5 Brakes
7.5.1 Overview
7.5.2 Brakes: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
8. South America Aircraft Wheels and Brakes Market Analysis and Forecast to 2028 - Fit Type
8.1 Overview
8.2 South America Aircraft Wheels and Brakes Market, By Fit Type (2020 & 2028)
8.3 Line Fit
8.3.1 Overview
8.3.2 Line Fit: South America 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: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
9. South America Aircraft Wheels and Brakes Market Analysis and Forecast to 2028 - End User
9.1 Overview
9.2 South America Aircraft Wheels and Brakes Market, By End User (2020 & 2028)
9.3 Defense
9.3.1 Overview
9.3.2 Defense: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
10. South America Aircraft Wheels and Brakes Market - Country Analysis
10.1 SAM: Aircraft Wheels and Brakes Market
10.1.1 SAM: Aircraft Wheels and Brakes Market, by Key Country
10.1.2 Brazil: Aircraft Wheels and Brakes Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.1 Brazil: Aircraft Wheels and Brakes Market, by Component
10.1.2.2 Brazil: Aircraft Wheels and Brakes Market, by Fit Type
10.1.2.3 Brazil: Aircraft Wheels and Brakes Market, by End User
10.1.3 Argentina: Aircraft Wheels and Brakes Market - Revenue and Forecast to 2028 (US$ Million)
10.1.3.1 Argentina: Aircraft Wheels and Brakes Market, by Component
10.1.3.2 Argentina: Aircraft Wheels and Brakes Market, by Fit Type
10.1.3.3 Argentina: Aircraft Wheels and Brakes Market, by End User
10.1.4 Rest of SAM: Aircraft Wheels and Brakes Market - Revenue and Forecast to 2028 (US$ Million)
10.1.4.1 Rest of SAM: Aircraft Wheels and Brakes Market, by Component
10.1.4.2 Rest of SAM: Aircraft Wheels and Brakes Market, by Fit Type
10.1.4.3 Rest of SAM: Aircraft Wheels and Brakes Market, by End User
11. South America Aircraft Wheels and Brakes Market - COVID-19 Impact Analysis
11.1 South America: 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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Aircraft Wheels and Brakes Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Aircraft Wheels and Brakes Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Aircraft Wheels and Brakes Market, by Fit Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Aircraft Wheels and Brakes Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Aircraft Wheels and Brakes Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Aircraft Wheels and Brakes Market, by Fit Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: Aircraft Wheels and Brakes Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM: Aircraft Wheels and Brakes Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM: Aircraft Wheels and Brakes Market, by Fit Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of SAM: Aircraft Wheels and Brakes Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Aircraft Wheels and Brakes Market Segmentation
Figure 2. South America Aircraft Wheels and Brakes Market Segmentation - By Country
Figure 3. South America Aircraft Wheels and Brakes Market Overview
Figure 4. South America Aircraft Wheels and Brakes Market, by Component
Figure 5. South America Aircraft Wheels and Brakes Market, by Fit Type
Figure 6. South America Aircraft Wheels and Brakes Market, By Country
Figure 7. South America Aircraft Wheels and Brakes Market - Porter's Five Forces Analysis
Figure 8. South America Aircraft Wheels and Brakes Market: Ecosystem Analysis
Figure 9. South America Aircraft Wheels and Brakes Market: Impact Analysis of Drivers and Restraints
Figure 10. South America Aircraft Wheels and Brakes Market Revenue Forecast and Analysis (US$ Million)
Figure 11. South America Aircraft Wheels and Brakes Market, by Component (2020 & 2028)
Figure 12. Braking System: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Wheels: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Brakes: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. South America Aircraft Wheels and Brakes Market, By Fit Type (2020 & 2028)
Figure 16. Line Fit: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Retro Fit: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. South America Aircraft Wheels and Brakes Market, By End User (2020 & 2028)
Figure 19. Defense: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial: South America Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM: Aircraft Wheels and Brakes Market - Revenue by Country to 2028 (US$ Million)
Figure 22. SAM: Aircraft Wheels and Brakes Market Revenue Share, by Key Country (2020 & 2028)
Figure 23. Brazil: Aircraft Wheels and Brakes Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Argentina: Aircraft Wheels and Brakes Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of SAM: Aircraft Wheels and Brakes Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - South America Aircraft Wheels and Brakes Market
- Collins Aerospace
- Honeywell International Inc.
- Meggitt PLC
- Parker Hannifin Corporation
- Safran
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