Performance of application segments in the global aircraft braking systems market.

The global aircraft braking systems market is expected to grow at a CAGR of 7.06% during the forecast period. Based on the application, the global aircraft braking systems market has been segmented into commercial aviation, military aviation, and general aviation.

The rapid growth of the commercial aviation industry can be attributed to the increasing preference of consumers for air travel. Additionally, to reduce operational costs and comply with stringent emission norms, several airlines are procuring new-generation aircraft with advanced engines that offer enhanced fuel efficiency. The increasing order book for modern commercial aircraft will drive the market during the forecast period.

Request for: Free Sample Report

Most of the low-cost carriers are trying to modernize the existing fleet to exploit the new opportunities offered by the market. The procurement of new aircraft is triggering the demand for aircraft braking systems. Additionally, aircraft manufacturers are constantly improving their product offerings to cater to a wider segment of the booming market. Hence, the commercial aviation segment of the global aircraft braking systems market is expected to grow significantly during the forecast period.