Aerospace Braking Control System Market is expected to grow at a healthy CAGR of 5.9% over the next five years.

This report, from Stratview Research, studies the braking control system market in the global aerospace and defense industry over the period 2016 to 2021.

Launching announcement of a new research report on Aerospace Braking Control System Market which is projected to reach $694.1 million in 2021- forecasted by Stratview Research. The study provides an in-depth analysis by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aircraft, and Military & Other Aircraft), By Product Type (Anti-skid Brake Control Systems, Auto Braking Brake Control Systems, Brake-by-wire Brake Control Systems and Other Braking Control Systems), by End-Use (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.

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Aerospace and Defense Braking Control System Market: Highlights

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 global aerospace and defense braking control system market.

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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 global 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 is expected to remain the largest user of the braking control system market in the global 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.

Based on region, the global 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 global 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.

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.

Report Features

The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.

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This release was published on openPR.