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Aircraft Braking System Market Research Report: CAGR of 3.8% and Growth Analysis

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Aircraft Braking System Market Research Report: CAGR of 3.8% and Growth Analysis

Aircraft Braking System Market by Aircraft Type, End Use (OEM, Aftermarket), Actuation (Power Brake, Boosted Brake, Independent Brake), Component (Wheels, Brake Discs, Brake Housing, Valves, Actuators, Accumulator, Electronics), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Aircraft Braking System Market Overview

The Aircraft Braking System market size is projected to reach a CAGR of 3.8% from 2021 to 2028.

There is multiple braking system used in an aircraft. These include aircraft disc brake, thrust reverser, air braking system etc. Aircraft disc brakes are the main brakes and are used brake the aircraft when the wheels touch the ground. Thrust reverser are used to create thrust using which are used to slow down the aircraft. Air brakes are used to work by increasing the drag. Drogue parachutes are used in military and civilian aircrafts as well

Due to recent technological advancements along with increased operations in the commercial aspect are some of the factors that have supported long-term expansion for Aircraft Braking System Market.

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COVID-19 had a negative effect on the market as there was a dip in demand from the end user segment.

Aircraft Braking System Market Regional Analysis

North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the technological advancements in the sector along with the presence of key players in the region.

Aircraft Braking System Market Competitive Landscape

Key Players

  • AAR Corp.
  • Beringer Aero
  • Collins Aerospace
  • Crane Co.
  • Honeywell International Inc.
  • Lufthansa Technik AG
  • Meggitt PLC
  • Parker-Hannifin Corporation
  • Safran
  • The Carlyle Johnson Machine Company

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Aircraft Braking System Market Recent Developments

  • In May 2021, HAECO Hong Kong announced the extension of its long-term agreement with Germany based cargo airline AeroLogic GmbH (AeroLogic).

Reasons to Acquire in the Aircraft Braking System Market

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Aircraft Braking System Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Frequently Asked Questions

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What is the compound annual growth rate (CAGR) of the Aircraft Braking System Market?

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Who are the major players in Aircraft Braking System Market?

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