Key Players: United Technologies, Crane Aerospace & Electro, Honeywell Int and Others
GLOBAL AIRCRAFT BRAKE SYSTEM MARKET was valued at USD 5.98 Billion in the year 2017. Global Aircraft Brake System market is further estimated to grow at a CAGR of 7.14% from 2018 to reach USD 9.04 Billion by the year 2023.
North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, the U.S is projected to grow strongly in the coming years.
United Technologies (U.S.), Crane Aerospace & Electronics (U.S.), Honeywell International Inc. (U.S.), Parker Hannifin Corporation (U.S.), Beringer Aero (France), Meggitt Group Company (U.K.), Safran (France), AAR Corporation (U.K.), Lufthansa Technik AG (Germany), Jay-Em Aerospace & Machine, Inc. (U.S.), Bauer, Inc. (U.S.), Matco Manufacturing Inc. (U.S.), are some of the key players in the Global Aircraft Brake System market.
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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.
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 market come from Brake type in Global Aircraft Brake System Market. On the other hand, retrofit, by fit for this market is expected to grow at highest CAGR during the year 2018-2023.
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Key Benefits for Stakeholders
Aircraft Brake System Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Key Market Players
Crane Aerospace & Electronics
Honeywell International Inc.
Parker Hannifin Corporation
Meggitt Group Company
Lufthansa Technik AG
Jay-Em Aerospace & Machine, Inc.
Matco Manufacturing Inc.
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