Source: Research and Markets announcement
DUBLIN – The global aircraft braking systems market is expected to grow by $1.29 billion by 2026, according to a new report from ResearchAndMarkets.com
The recently published “Global Aircraft Braking Systems Market 2022-2026” report indicates the market is poised to accelerate at a compound annual growth rate of 6.4 percent during the forecast 2022-2026 period. The report on the aircraft braking systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of commercial and general aviation, increasing demand for brakes for new and existing airframes, increase in aircraft deliveries, and adoption of smart sensor technologies.
The aircraft braking systems market analysis includes application segment and geographic landscape.
The aircraft braking systems market is segmented as below:
By Application: commercial aviation, military aviation, general aviation
By Geographical Landscape: North America, APAC, Europek, South America, The Middle East and Africa
This study identifies the development of electric brake systems as one of the prime reasons driving the aircraft braking systems market growth during the next few years. Also, new technologies gaining ground, and modernization programs for commercial airspace prompting upgrades of commercial aircraft will lead to sizable demand in the market.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.