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(Transportation-News.com, November 02, 2018 )
Stratview Research announces the addition of a new market research report on Global Aerospace and Defense Braking Control System Market 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
The Global Aerospace and Defense Braking Control System Market: Highlights:
Stratview Research foresees a strong growth of 5.9% (CAGR) in the aerospace and defense braking control system market in the next five years (2016 – 2021) to reach $694.1 million in 2021, which offers an opportunity to the aerospace and defense industry players to align themselves with the market growth.
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There are several factors bolstering the growth of braking control system market in the aerospace and defense industry. The author of the industry report cited 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.
The author stated that 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. 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.
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.
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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