Press release
Aircraft Electric Brake Control System Market Booming the Industries by Ravisisng keyplayers | UTC Aerospace System, Safran Landing System, Crane Aerospace& Electronics, Honeywell International, Inc., Aeroned Inc., Fan Jet USA, Meggitt Group
Aircraft-Electric-Brake-Control-System
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Increasing aircraft deliveries and minimization of maintenance cost are among the major driving factors for the growth of the aircraft electric brake control system market
The major factor driving the global market growth is increasing aircraft deliveries, owing to increasing air passengers’ traffic worldwide. increasing number of aircraft deliveries is expected to positively increase the demand for electric brake systems, which is expected to overcome challenges associated with hydraulic brake system, such as sometimes fluid makes the system useless when slight leakage among others. This factor is expected to propel growth of the aircraft electric brake control system market during the forecast period.
Global Aircraft Electric Brake Control System Market: Regional Insights
The market for North America accounted largest share in the global aircraft electric brake market in 2016, and this market is expected to retain its dominance during the forecast period. The U.S. is the prominent source for the regional market growth due to the presence of the key players including Airbus, Boeing, and BAE Systems.
Asia Pacific is expected to be the fastest growing region during the forecasted period followed by North America. According to the International Air Transport Association (IATA), the aviation sector of Asia Pacific region is projected to grow continuously in next two decades. Emerging economies such as India and China are projected to proportionally help in increasing air travelling, owing increasing urbanisation and high disposable incomes. For instance, according to the Boeing, the total number new aircraft to be delivered in the Asia-Pacific region between the periods of 2015 to 2034 is around 38,050 units.
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Global Aircraft Electric Brake Control System Market: Competitive Insights
The key players in the aircraft electric brake control system market includes UTC Aerospace System, Safran Landing System, Crane Aerospace& Electronics, Honeywell International, Inc., Aeroned Inc., Fan Jet USA, Meggitt Group, Advent Aircraft System,Inc., Saywell international, Inc., and Parker Hannifin Co.
Global Aircraft Electric Brake Control System Market Taxonomy
By Brake Type
• Single disc-brakes
• Dual disc-brakes
• Multiple disc-brakes
By Application
• Civil Aviation
• Commercial
• Military
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
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