Aerospace Braking Control System Market to experience an impressive growth of 5.9% during 2016-2021
February 04, 2020
The Aerospace & Defense Braking Control System Market offers attractive opportunities over the next five years. The market is expected to grow at a healthy CAGR of 5.9% over the next five years to reach $694.1 million in 2021. Increasing deliveries of new commercial aircraft, rising global aircraft fleet, and advancement in the braking control system technology are some of the growth drivers of the global aerospace and defense braking control system market.
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Aerospace and Defense Braking Control System Market Segment Insights:
By Aircraft Type:
Commercial aircraft has been the largest segment in the global braking control system market in the aerospace & defense industry and is forecasted to remain the largest segment over the next five years. In addition to that, the segment is also likely to witness the fastest growth for the same period, driven by an increased production rates of major commercial aircraft, such as B737, A320 family, A350XWB, and B737, and expected entry of upcoming aircraft, such as Comac C919.
By End-Use Type:
Aftermarket is expected to remain the largest user of the braking control system market in the global aerospace and defense industry over the next five years. The segment is also expected to be the highest growing segment during the forecast period. Both segments (OEM and aftermarket) are likely to experience an impressive growth in the foreseeable future.
By Region:
North America is expected to remain the largest market in the global aerospace and defense braking control system market over the next five years whereas Asia-Pacific is likely to register the fastest growth in the market for the same period.
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· Attractive market segments and associated growth opportunities
· Emerging trends
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