Global Aircraft Brake System Industry was valued at USD 5.98 Billion in the year 2017. Global Aircraft Brake System Industry is further estimated to grow at a CAGR of 7.14% from 2019 to reach USD 9.75 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecast period. At a country level, the U.S is projected to grow strongly in the coming years.
Major market players in United Technologies, Crane Aerospace & Electronics, Honeywell International Inc., Parker Hannifin Corporation, Beringer Aero, Meggitt Group Company, Safran, AAR Corporation, Lufthansa Technik AG, Jay-Em Aerospace & Machine Inc., Bauer Inc., Matco Manufacturing Inc., and 10 more companies detailed information is provided in report. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Aircraft Brake System Industry:
Increasing the production of the aircraft fleet
Repair system and maintenance
Demand for Lightweight Aircraft Components
Integration of sources and power electronics load
The major shares of the Industry come from Brake type in Global Aircraft Brake System Industry. On the other hand, retrofit, by fit for this Industry is expected to grow at highest CAGR during the year 2019-2025.
Aircraft Brake System Industry Segmentation:
• Braking System
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa