Aerospace & Defense Braking Control System Market Worth $694.1 million in 2021

Stratview Research has published a new research report on Aerospace & Defense Braking Control System Market. This extensive report by Stratview Research analyses the growth of Aerospace & Defense Braking Control System 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 Product Type (Anti-skid Brake Control Systems, Auto braking Brake Control Systems, and Others)
● by End-User Type (OEM and Aftermarket)
● and by Region (North America, Europe, Asia-Pacific, and RoW)

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Increasing deliveries of new commercial aircraft

The braking control system is an integral part of aircraft’s landing gear system. A braking control system facilitates the braking actions along with other important functions, such as antiskid, auto-brake, locked wheel, and touchdown protection. This system enhances the aircraft’s braking safety and efficiency. It also reduces the aircraft’s braking distance along with increasing the payload capacity. These systems can be installed with steel as well carbon brakes.

The aerospace & defense braking control system market offers attractive opportunities over the next five years. The market is expected to grow at a healthy CAGR of 5.9% over the next five years to reach $694.1 million in 2021. Increasing deliveries of new commercial aircraft, rising global aircraft fleet, and advancement in the braking control system technology are some of the growth drivers of the aerospace and defense braking control system market.

Commercial aircraft has been the largest segment in the braking control system market

The Aerospace and defense braking control system market is segmented based on aircraft type: commercial aircraft, regional aircraft, general aviation, and military & other aircraft. Commercial aircraft has been the largest segment in the braking control system market in the aerospace & defense industry and is forecasted to remain the largest segment over the next five years. In addition to that, the segment is also likely to witness the fastest growth for the same period, driven by an increased production rates of major commercial aircraft, such as B737, A320 family, A350XWB, and B737, and expected entry of upcoming aircraft, such as Comac C919.

Aftermarket to remain the largest user of the braking control system market

Aftermarket is expected to remain the largest user of the braking control system market in the aerospace and defense industry over the next five years. The segment is also expected to be the highest growing segment during the forecast period. Both segments (OEM and aftermarket) are likely to experience an impressive growth in the foreseeable future.

North America to remain the largest market

Based on region, the aerospace and defense braking control system market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America is expected to remain the largest market in the aerospace and defense braking control system market over the next five years whereas Asia-Pacific is likely to register the fastest growth in the market for the same period.

Top market players

Safran group, Crane Co. (Hydro-Aire), Meggitt (MABS) are the leading manufacturers of aerospace & defense braking control system market capturing most of the total market share. New product development, regional expansion, and long-term contacts are the key strategies adopted by the key players to gain a 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 & Defense Braking Control System 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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