The Aircraft Braking System Market research report study discusses market dynamics like drivers, opportunities, restrictions, and challenges. In addition, the report also describes new and developing patterns and their influence on current and future market dynamics. The Aircraft Braking System Market research report provides information about market penetration that offers thorough data on the market offered by the main market players. It also offers analysis and awareness and analysis about different factors during the projected period.
Aircraft Braking System Market by Aircraft Type, End Use (OEM, Aftermarket), Actuation (Power Brake, Boosted Brake, Independent Brake), Component (Wheels, Brake Discs, Brake Housing, Valves, Actuators, Accumulator, Electronics), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
The Aircraft Braking System market size is projected to reach a CAGR of 3.8% from 2021 to 2028.
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There are multiple braking systems used in an aircraft. These include aircraft disc brakes, thrust reversers, air braking systems, etc. Aircraft disc brakes are the main brakes and are used to brake the aircraft when the wheels touch the ground. Thrust reversers are used to create thrust which are used to slow down the aircraft. Air brakes are used to work by increasing the drag. Drogue parachutes are used in military and civilian aircraft as well
Recent technological advancements along with increased operations in the commercial aspect are some of the factors that have supported the long-term expansion of the Aircraft Braking System Market.
COVID-19 had a negative effect on the market as there was a dip in demand from the end-user segment.
Regional Analysis
North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the technological advancements in the sector along with the presence of key players in the region.
Key Players
· AAR Corp.
· Beringer Aero
· Collins Aerospace
· Crane Co.
· Honeywell International Inc.
· Lufthansa Technik AG
· Meggitt PLC
· Parker-Hannifin Corporation
· Safran
· The Carlyle Johnson Machine Company
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Recent Developments
In May 2021, HAECO Hong Kong announced the extension of its long-term agreement with Germany based cargo airline AeroLogic GmbH (AeroLogic).
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Aircraft Braking System Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Aircraft Braking System Market is segmented into Aircraft Type, End Use, Actuation, Component and region.
On the basis of Component
· Wheels
· Brake Discs
· Brake Housing
· Valve
· Actuators
· Accumulator
· Electronics
On the basis of Actuation
· Power Brake
· Boosted Brake
· Independent Brake
On the basis of End Use
· OEM
· Aftermarket
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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