Aerospace and Defense Wheel and Brake Market to Grow at 5.0% CAGR during 2016 – 2021

Stratview Research has published a new research report on Aerospace and Defense Wheel and Brake Market. This extensive report by Stratview Research analyses the growth of Aerospace and Defense Wheel and Brake Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
● by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others)
● by End-User Type (OEM and Aftermarket)
● by Products Type (Wheels, Carbon Brakes, and Steel Brakes)
● and by Region (North America, Europe, Asia-Pacific, and RoW)

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Increasing commercial aircraft deliveries

The aerospace and defense wheel and brake market offers a good growth opportunity and is likely to grow at 5.0% CAGR during the forecast period of 2016 to 2021. Increasing passenger traffic, increasing commercial aircraft deliveries, growing aircraft fleet size, increase in share of wide body aircraft, etc. are some of the key growth drivers of the aerospace and defense wheel and brake market.

OEM and aftermarket segments to offer healthy opportunity in the market

Commercial aircraft is expected to remain growth engine of the aerospace and defense wheel and brake market during the forecast period. Both OEM and aftermarket segments are likely to offer healthy opportunity in the next five years. Among the brake types, carbon brakes are expected to provide a robust growth opportunity in the aerospace and defense brakes market due to their excellent performance.

North America to remain the largest market

North America is expected to remain the largest market for wheels and brakes due to manufacturing base of largest commercial OEM, Boeing and increasing retrofit market. However, during the next five years, Asia Pacific is expected to grow at the highest rate.

The supply chain of this market comprises raw material suppliers, wheel and brake manufacturers, distributors, Aircraft OEMs, and Airlines. The key aerospace OEMs are Boeing, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries and key airlines are Lufthansa, Delta Air, Air China, and Singapore Airlines.

Top market players

The wheel and brake market is a highly consolidated market. The key wheel and brake manufacturers are Meggitt Aircraft Braking Systems, Honeywell Aerospace, Parker, Safran Landing Systems (Messier-Buggatti-Dowty), and UTC Aerospace Systems. New product development, regional expansion, and long-term contacts are the key strategies adopted by the key players to gain competitive edge in the market.

Why Stratview Research

Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Aerospace and Defense Wheel and Brake Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2010 – 2015) and forecast analysis (2016-2021) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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This release was published on openPR.