Middle East & Africa Aircraft Wheels and Brakes Market

Market Introduction

The Middle East & Africa aircraft wheels and brakes market is projected to register a decent CAGR during the forecast period. The increasing number of private aircraft, owing to the changing consumer preferences and increasing travel and tourism, is augmenting the demand for commercial aircraft and fueling the growth of the business jet segment. Air transport supports approximately US$ 213 billion in Middle East Economy. The UAE aims to establish itself as a regional hub for civil and commercial aerospace. Significant growth in the UAE civil aviation and increased government investment in aerospace infrastructure and development are fueling the region’s economy. Dubai is the third-busiest airport in the world with an increasing number of commercial aircraft operations, which is anticipated to create a significant demand for aircraft wheels and brakes among the MRO services in the region. From the military aircraft standpoint, Saudi Arabia, Israel, and Turkey lead the MEA region in terms of procurement and MRO. The three countries listed above spend substantial amounts toward their respective military forces, specifically on aircraft fleets. The defense forces continuously order modern military aircraft fleet to modernize their air fleet. This benefits the aircraft wheels and brakes market players by supplying higher volumes of wheels and brakes to the respective aircraft manufacturers. For instance, in December 2020, Royal Saudi Air Force received its final F-15SA of a total procurement volume of 84 from Boeing. On the other hand, Turkey has a high production capability of military aircraft. The Turkish Aerospace Industries (TAI) has showcased its new fifth-generation TAI TF-X combat aircraft at the Paris Airshow in June 2019. The company anticipates manufacturing a 6 to 8 aircraft fleet of TAI TF-X annually. Thus, significant MRO capability, procurement of newer aircraft, and production of advanced aircraft models are foreseen to drive the aircraft wheels and brakes market in the MEA.

During the COVID-19 pandemic, the MEA aircraft wheels and brakes market faced major issues due to disrupted supply chains. The shutdown of borders of countries has led to disruptions in the supply chain of several components and systems. This resulted in a loss of business among the aircraft wheels and brakes market players offering their products to respective customers in the MEA.

South Africa has few aircraft manufacturers, which produce general aviation piston aircraft. The spread of COVID-19 led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This weakened the demand for wheels and brakes, thereby hindering the aircraft wheels and brakes market in the region.

 

Middle East & Africa Aircraft Wheels and Brakes Strategic Insights

Strategic insights for the Middle East & Africa Aircraft Wheels and Brakes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Aircraft Wheels and Brakes Report Scope

Middle East & Africa Aircraft Wheels and Brakes Regional Insights

The geographic scope of the Middle East & Africa Aircraft Wheels and Brakes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Market Overview and Dynamics

The aircraft wheels and brakes market in Middle East & Africa is expected to grow from US$ 408.27 million in 2021 to US$ 522.33 million by 2028; it is estimated to grow at a CAGR of 3.6%

from 2021 to 2028. Electric brakes and fiber-reinforced plastic wheels; 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.

Key Market Segments

Based on component, the market is segmented into braking systems, wheels, and brakes. In 2020, the brakes segment held the largest share Middle East & Africa aircraft wheels and brakes market. Based on fit type the market is divided into line fit and retro fit. In 2020, the retro fit segment held the largest share Middle East & Africa aircraft wheels and brakes market. Based on end user, the market is segmented into defense and commercial. In 2020, commercial segment held the largest share Middle East & Africa aircraft wheels and brakes market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the aircraft wheels and brakes market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Collins Aerospace, Honeywell International Inc., Meggitt PLC, Parker Hannifin Corporation, and Safran among others.

Reasons to buy report

• To understand the Middle East & Africa 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 Middle East & Africa aircraft wheels and brakes market
• Efficiently plan M&A and partnership deals in Middle East & Africa 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 Middle East & Africa aircraft wheels and brakes market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region

MIDDLE EAST & AFRICA AIRCRAFT WHEELS AND BRAKES MARKET SEGMENTATION

By Component

• Braking System
• Wheels
• Brakes

 

By Fit Type

• Line Fit
• Retro Fit

 

By

End User

• Defense
• Commercial

By Country

• Saudi Arabia
• UAE
• South Africa
• Rest of Middle East & Africa

Company Profiles

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