Aircraft Tire Pressure & Brake Temperature Monitoring System Market By Type (Temperature Monitoring, Pressure Monitoring, Nitrogen Monitoring), By Application (Transport Plane, Passenger Plane, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

The aircraft tire pressure and temperature monitoring systems are deployed to check and verify against a deflation of tires, as part of preventive testing services which reduce the chances of flight accidents. The facility to ensure that the tires are not overheated before its use on an aircraft help airline companies to conform to the safety regulations and security of passengers.

Aircraft Tire Pressure & Brake Temperature Monitoring System market is estimated to reach $396.8 billion by 2030; growing at a CAGR of 8.3% till 2030.

Aircraft Tire Pressure & Brake Temperature Monitoring System Market Revenue by, 2022-2030

Market Dynamics

The increasing manufacturing and testing of aircraft tires and rising consumer spending on air travel leading to new aircraft production are the primary factors driving the market growth. The development in the design of advanced aircraft tires that assist in reduction of fuel consumption and enhance uniform load distribution have influenced the need for improved testing devices that would provide accurate readings, further propelling the rate of product adoption to positive outcomes. The rising production of aircrafts to cater to the rising number of air passengers have influenced growth in demand for aircraft tires, which would, in turn, boost demand for tire pressure & brake temperature monitoring systems. However, high costs of system maintenance and the need for regular hardware up-gradation might hamper the market growth. The constant improvement in aircraft tires has compelled system manufacturers to constantly update system capabilities through cost-intensive processes, making older systems obsolete. Technological improvement of integrated sensors in monitoring systems would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global Aircraft Tire Pressure & Brake Temperature Monitoring System market is mainly classified based on Type and Application. Type is further segmented into Temperature Monitoring, Pressure Monitoring, and Nitrogen Monitoring. By Application, the market is divided into Transport Plane, Passenger Plane, and Others.

The Temperature Monitoring segment by Type holds a prominent market share in terms of volume and value, owing to the need for testing and monitoring of tire temperatures to increase the service life of tires and reduce the risk of tire failure from overheating.

In terms of volume, the Passenger Plane Consumption was valued at XX K Units in 2019 and is expected to reach XX K Units; growing at a CAGR of 7.3% during forecast period. The increasing preference among consumers for air travel and rise in consumer spending power in the emerging economies have resulted in growing production of passenger aircrafts, which would improve demand for tire monitoring systems, assisting in the segment growth during the forecast period.

Regional Segmentation

Based on geography, the global Aircraft Tire Pressure & Brake Temperature Monitoring System market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America is a prominent region of the market in terms of volume and value, owing to increasing growth in product adoption in a bid to improve the safety and security of passengers during air travel. The rapid growth in production of transport planes to carry cargo and equipment for civilian as well as military purposes have enabled the use of advanced sensor components in testing devices to improve product performance. However, Asia-Pacific would witness significant market growth during the forecast period owing to the increase in air passengers leading to the production of aircraft tires.

Key Players

The Aircraft Tire Pressure & Brake Temperature Monitoring System market is fairly consolidated, with several players operating in the market with expansive global reach and extended manufacturing capabilities. The establishment of an expansive distribution network for most of the key players have enabled product delivery to remote areas of emerging economies, further intensifying market competitiveness.

Key players operating in the Aircraft Tire Pressure & Brake Temperature Monitoring System industry include Crane Aerospace & Electronics, Meggitt PLC, Safran Landing Systems, UTC Aerospace Systems, ARi Industries, THERMOCOAX, Tayco Engineering, and HarcoSemco.
The expansion of manufacturing capabilities through the opening of new facilities and extension of new business opportunities through strategic partnerships and joint ventures have been the primarily followed business strategies of the top players looking to consolidate the market position.

Aircraft Tire Pressure & Brake Temperature Monitoring System Market Key Segments

By Type
• Temperature Monitoring
• Pressure Monitoring
• Nitrogen Monitoring

By Application
• Transport Plane
• Passenger Plane
• Others

By Geography

• North America
o The U.S.
o Canada
o Mexico

• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe

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

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & Africa

Key Global Aircraft Tire Pressure & Brake Temperature Monitoring System Industry Players

• Crane Aerospace & Electronics
• Meggitt PLC
• Safran Landing Systems
• UTC Aerospace Systems
• ARi Industries
• THERMOCOAX
• Tayco Engineering
• HarcoSemco

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Aircraft Tire Pressure & Brake Temperature Monitoring System Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Increasing manufacturing and testing of aircraft tires
3.3.2. Rising consumer spending on air travel leading to new aircraft production
3.4. Restraints
3.4.1. High costs of system maintenance and need for regular upgradation
3.5. Opportunity
3.5.1. Technological improvement of integrated sensors in monitoring systems
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Temperature Monitoring
4.2.1. Market Size & Forecast
4.3. Pressure Monitoring
4.3.1. Market Size & Forecast
4.4. Nitrogen Monitoring
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Transport Plane
5.2.1. Market Size & Forecast
5.3. Passenger Plane
5.3.1. Market Size & Forecast
5.4. Others
5.4.1. Market Size & Forecast

6. Aircraft Tire Pressure & Brake Temperature Monitoring System Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Aircraft Tire Pressure & Brake Temperature Monitoring System Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Aircraft Tire Pressure & Brake Temperature Monitoring System Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Aircraft Tire Pressure & Brake Temperature Monitoring System Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Aircraft Tire Pressure & Brake Temperature Monitoring System Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Aircraft Tire Pressure & Brake Temperature Monitoring System Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Crane Aerospace & Electronics
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Crane Aerospace & Electronics Product Category, Application, and Specification
7.1.3. Crane Aerospace & Electronics Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Meggitt PLC
7.3. Safran Landing Systems
7.4. UTC Aerospace Systems
7.5. ARi Industries
7.6. THERMOCOAX
7.7. Tayco Engineering
7.8. HarcoSemco