Stratview Research announces the launch of a new market research report on Global Aerospace and Defense Brakes Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aircraft, and Military Aircraft), By Brake Type (Carbon Brake and Steel Brake), by Manufacturing Process (CVD/CVI, LPI, and Forged), by Raw Materials (PAN Fiber, Pitch Fiber, and Steel), by End Use (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021
The Global Aerospace and Defense Brakes Market: Highlights
Stratview Research foresees a strong growth of 5.0% (CAGR) in the aerospace and defense brakes market in the next five years (2016 – 2021), which offers an opportunity to the aerospace industry players to align themselves with the market growth.
There are a number of factors bolstering the growth of brakes market in aerospace and defense industry. The author of the industry report cited increasing passenger traffic, increasing commercial aircraft deliveries, growing aircraft fleet size, and increase in share of wide body aircraft as the most prominent growth drivers of the global aerospace and defense brakes market.
Commercial aircraft is expected to be the growth engine of the brakes market
The author stated that the commercial aircraft segment is expected to remain the growth engine of the aerospace and defense brakes market during the forecast period. Both OEM and aftermarket segments are likely to offer healthy growth 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.
North America expected to be the dominant and Asia Pacific to be the fastest growing region
North America is expected to remain the largest market for brakes due to manufacturing base of the largest commercial OEM Boeing, and also due to increasing retrofit market. However, during the next five years, Asia Pacific is expected to grow at the highest rate.
The key brake manufacturers are Meggitt Aircraft Braking Systems, Honeywell Aerospace, Parker, Safran Landing Systems (Messier-Bugatti-Dowty), and UTC Aerospace Systems.
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