The aircraft electric brake control system market is witnessing significant growth in demand with increasing number aircraft production. Aircraft manufacturers are investing a substantial amount of capital to develop an innovative braking system for safe and secure landing operations, resulting in new technologies are getting introduced in the market. Aircraft Brake Control System (BCS) is one of the most complex and critical parts of landing gears. To resolve some technical challenges and reduce maintenance aircraft manufactures are shifting towards all-electric braking systems. Hence, the market will witness significant growth in the upcoming year with the rising adoption of commercial aircraft.
MARKET DYNAMICS
Aircraft electric brake control system has major demand from aircraft manufacturers to enhance aircraft landing operations. Increasing demand of the aircraft electric brake control system solution in narrow-body aircraft has bolstered the market growth. The major factor driving the global market growth is increasing aircraft deliveries, owing to increasing air passengers' traffic worldwide. As a result, rising aircraft deliveries are expected to boost demand for electric brake systems, which are expected to address difficulties associated with hydraulic brake systems.
MARKET SCOPE
The "Global Aircraft Electric Brake Control System Market Analysis To 2028"? is a specialized and in-depth study of the Aerospace and Defense industry with a special focus on the global market trend analysis. The aircraft electric brake control system market report aims to provide an overview of the aircraft electric brake control system market with detailed market segmentation by brake type, application, and geography. The global aircraft electric brake control system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft electric brake control system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global aircraft electric brake control system market is segmented on the basis of brake type, application, and geography. Based on brake type, the aircraft electric brake control system market is segmented into single disc-brakes, dual disc-brakes, and multiple disc-brakes. On the basis of application, the aircraft electric brake control system market is segmented into civil aviation, commercial aviation, and military aviation.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global aircraft electric brake control system market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The aircraft electric brake control system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the aircraft electric brake control system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the aircraft electric brake control system market in these regions.
IMPACT OF COVID-19 ON aircraft electric brake control system MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe has lowered the revenue of airlines and aircraft manufacturers. Decline in the international and domestic flights has hampered the airlines revenue, which adversely affected the demand for new aircraft. Thus, with lower deliveries and production of new aircraft the demand for aircraft electric brake control system solution also hindered in 2020.
MARKET PLAYERS
The reports cover key developments in the aircraft electric brake control system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from aircraft electric brake control system market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the underwriting and rating software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the underwriting and rating software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Advent Aircraft Systems, Inc
- Collins Aerospace
- Crane Aerospace & Electronics
- Honeywell International Inc.
- JP HOBBY EUROPE
- Meggitt PLC
- PARKER HANNIFIN CORP
- Safran
- Tactair
- Valcor Engineering Corporation