Global Aircraft Electric Brake Control System Market By Brake Type (Single disc-brakes, Dual disc-brakes, Multiple disc-brakes,), By Application (Commercial, Civil Aviation, Military), and by region (North America, Europe, Asia Pacific, Middle East & Africa & South America) Global Aircraft Electric Brake Control System Market was valued at US$ 7.51 Bn 2019 and is expected to reach US$ 12.72 Bn by 2027, at a CAGR of 6.81% during a forecast period.
Driving factors for the Aircraft Electric Brake Control System are the dramatic growth over the past years, with passenger numbers. Modernizing fleets and adding buying new generation aircraft that are more fuel-efficient and also by becoming more sophisticated retailers. Governments have understand that globalization has made their world more socially and economically prosperous. The high demand for carbon brakes and technological advances in braking systems also boosting the demand for aviation sector. Increasing number of aircraft deliveries is expected to positively increase the demand for electric brake systems. Increasing Demand for Lightweight Aircraft Components and failure of aircraft electric system will act as restraint to the market.
Commercial segment is expected to hold the largest market share in the Aircraft Electric Brake Control System Market.
Soaring demand from commercial aviation sector and rapid expansion of the existing airlines fleet size by major airlines. Rapid globalization of industry and substantial investment by OEMs (an original equipment manufacturers) and component & raw material suppliers to improve existing business process and formation of new process across the value chain. Commercial aviation provides the only rapid worldwide transportation network, which making it essential for global business and generating economic growth, creates jobs, and facilitates international trade and tourism.
Recent Developments – Safran Landing Systems in China
Safran Landing Systems’ wheels and brakes business entered into Chinese market since early 90s’ starting with twenty-seven A300 and A310 aircraft at China Eastern Airlines, China Northern Airlines and China Northwest Airlines. Today, about 50% of China’s commercial airplanes use Safran Landing Systems landing gear, wheels and brakes on Airbus programs such as A319, A320, A321, A330, A340 types or Boeing programs such as 737NG and 787 types.
Asia Pacific is the leading regional market for Aircraft Electric Brake Control System Market.
Asia remains the motor of worldwide development, be that as it may, the flying framework is upward towards keeping pace with the development. At present, 35% of the present worldwide air terminal ventures is packed in Asia. In light of its development and populace prospects, outside speculators are directing their concentration toward Asia Pacific nations. Key and budgetary financial specialists just as associations, for example, the Asian Development Bank, the European Bank for Reconstruction and Development and the World Bank are particularly keen on FDI that underpins the advancement and extension of the regional airplane terminals.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Saywell international, Inc., Meggitt Group, UTC Aerospace Systems, Safran Landing Systems, Crane Aerospace & Electronics, Honeywell Aerospace, Aeroned, Fan Jets USA, Advent Aircraft Systems, Inc. And Parker.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Aircraft Electric Brake Control System Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Aircraft Electric Brake Control System Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Aircraft Electric Brake Control System Market positioning of competitors.
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