Aerospace Brakes Market to experience an impressive growth of 5.0% during 2016-2021
February 04, 2020
Brakes are one of the most important components of an aircraft which help an aircraft to safely land, and take off. The brakes should operate and stop the aircraft in different operational environments. During landing, brakes are required to withstand, absorb, and safely dissipate very high amount of kinetic energy of the decelerating airplane and bring it to a safe halt. Increasing size of the commercial aircraft has led to increased demand for stronger brakes.
The Aerospace and Defense Brakes Market offers a good growth opportunity and is likely to grow at 5.0% CAGR during the forecast period of 2016 to 2021. Increasing passenger traffic, increasing commercial aircraft deliveries, growing aircraft fleet size, increase in share of wide body aircraft, etc. are some of the key growth drivers of the global aerospace and defense brakes market.
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Aerospace and Defense Brakes Market Segment Insights:
By Aircraft Type:
Commercial aircraft is expected to remain growth engine of the global aerospace and defense brakes market during the forecast period. Both OEM and aftermarket segments are likely to offer healthy opportunity in the next five years. Among the brake types, carbon brakes are expected to provide a robust growth opportunity in the global aerospace and defense brakes market due to their excellent performance.
By Region:
North America is expected to remain the largest market for 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.
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