Aircraft Braking System - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Aircraft Braking System Market is accounted for $7.05 billion in 2019 and is expected to reach $13.74 billion by 2027 growing at a CAGR of 8.7% during the forecast period. Growing aircraft orders and increasing demand for military uavs are the major factors propelling the market growth. However, active backlogs in aircraft deliveries are hampering the market growth.
The aircraft brake system is usually used to slow down the aircraft during the landing roll on the runway. It is a essential component to make sure the security and directional control of an aircraft during ground operations, such as, taxiing, landing, and takeoff. Earlier, disc brakes were used in aircrafts consisting a disc rotating with the wheel assembly, while on applying the brakes a stationary caliper resisted the rotation by causing a friction against the disc.
Based on the components, the brakes segment is estimated to have a lucrative growth due to the high demand for carbon brakes and technological development in braking systems, such as electric braking systems which is more useful in high speeds. By geography, Asia Pacific is likely to have a huge demand due to the augment in demand for cost-effective and extremely reliable aircraft brake system components.
Some of the key players profiled in the Aircraft Braking System Market include AAR Corporation, Beringer Aero, Crane Aerospace & Electronics, Grove Aircraft Landing Gear Systems Inc, Honeywell International Inc, Jay-Em Aerospace & Machine, Inc, Lufthansa Technik AG, Matco Manufacturing Inc, Meggitt PLC, Parker Hannifin Corporation, Safran S.A and United Technologies Corporation.
• Braking Systems
• Actuating System
• Brake Control System
Aircraft Types Covered:
• Large Body
• Narrow Body
• Wide Body
• General Aviation
Sales Channels Covered:
• Original Equipment Manufacturers (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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