Aircraft Brake System Market to offer a healthy CAGR of 10.2% during 2020-25
February 13, 2020
Aircraft Brake System Market Overview:
Aircraft Brake System Market is likely to witness an impressive CAGR of 10.2% during the forecast period. Increasing fleet size of commercial aircraft and the growing demand for lightweight aircraft components are the major factors that are expected to underpin the growth of the global aircraft brake system market during the forecast period.
Report Overview:
This new report from Stratview Research analyses the Aircraft Brake System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Brake System Market Segment Insights:
Brakes: The growth engine
Based on the component type, the market is segmented as wheels, brakes, and braking systems. The brakes segment is estimated to register the highest growth during the forecast period, driven by the high demand for carbon brakes and technological progressions in braking systems, such as electric braking systems.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/690/aircraft-brake-system-market.html
A highly/moderately/fragment consolidated Market
Some of the major players in the aircraft brake system market are AAR Corporation, Beringer Aero, Crane Aerospace & Electronics, Grove Aircraft Landing Gear Systems Inc., Honeywell International Inc., Jay-Em Aerospace & Machine, Inc., Lufthansa Technik AG, Meggitt PLC, Matco Manufacturing Inc., and Parker Hannifin Corporation.
Regional Hegemony of North America & the dominance of Retrofit Segment
In terms of regions, North America is estimated to command the aircraft brake system market during the forecast period. The aircraft brake system market in Europe and Asia-Pacific is likely to portary significant growth, driven by the increase in demand for cost-effective and highly dependable aircraft brake system components.
Based on the fit type, the market is segmented as linefit and retrofit. The retrofit segment is expected to witness a higher growth during the forecast period. This growth is mainly owing to the aircraft maintenance and repair activities executed within a span of four to five years.
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