May 18, 2017   SOURCE: BusinessWire

Aircraft Brake System Market to Reach $8.4 Billion by 2022 - Key Vendors are Safran S.A, Honeywell International, UTC Aerospace Systems, Crane Aerospace & Electronics & Parker Hannifin Corporation - Research and Markets

Research and Markets has announced the addition of the "Aircraft Brake System Market - Global Forecast to 2022" report to their offering.

The aircraft brake system market is projected to reach USD 8.42 billion by 2022, at a CAGR of 6.71% from 2017 to 2022.

Aircraft brake systems are essential aircraft components that ensure the safety of an aircraft during ground operations, such as landing, takeoff, and taxiing. The increase in aircraft production is anticipated to drive the growth of the aircraft brake system market. Furthermore, the increasing demand for lightweight and efficient aircraft components from the aviation industry is another significant factor driving the growth of the aircraft brake system market.

Based on fit, the line-fit segment is estimated to account for the largest share of the aircraft brake system market in 2017. Line-fit has become an important alternative for aircraft buyers, as post-delivery retrofit modification becomes cumbersome for airlines. Major aircraft manufacturers are increasingly replacing steel brakes with carbon brakes. The use of carbon brakes offers significant benefits such as lightweight parts and less maintenance, in addition to faster cooldown and shorter turnaround times.

Based on platform, the commercial segment is projected to grow at the highest CAGR from 2017 to 2022. The rise in passenger movement has led to an increase in aircraft orders across the globe, which, in turn, is anticipated to drive the growth of the aircraft brake system market. In addition, the expansion of the aviation industry in Asia-Pacific and the Middle East has propelled the demand for new commercial aircraft, thereby contributing to the growth of the commercial segment of the aircraft brake system market.

Companies Mentioned

  • AAR Corporation
  • Beringer Aero
  • Crane Aerospace & Electronics
  • Grove Aircraft Landing Gear Systems Inc.
  • Honeywell International Inc.
  • Jay-Em Aerospace & Machine, Inc.
  • Lufthansa Technik AG
  • Matco Manufacturing Inc.
  • Meggitt PLC
  • Parker Hannifin Corporation
  • Safran S.A.
  • United Technologies Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Aircraft Brake System Market, By Component

8 Aircraft Brake System Market, By Platform

9 Aircraft Brake System Market, By Fit

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

13 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/mn3csr/aircraft_brake