Aerospace Wheel and Brake Market to experience an impressive growth of 5.0% during 2016-2021
February 04, 2020
The Aerospace and Defense Wheel and Brake 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 wheel and brake market.
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Aerospace and Defense Braking Control System Market Segment Insights:
By Aircraft Type:
Commercial aircraft is expected to remain growth engine of the global aerospace and defense wheel and brake 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 wheels and 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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