The global commercial aircraft carbon brakes market is forecast to grow at a CAGR of 11.64% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Efforts for minimizing airlines operating and maintenance costs will be a key trend for market growth. The global aviation industry is progressing toward minimizing its overall operating and maintenance costs involvement while delivering greater passenger experiences and maintaining uncompromised safety standards. Therefore, the operating environments are becoming more demanding as the number of aircraft are increasing at a high rate across the globe. This development is also making the gate run times more rapid in airports, making taxiways even more congested than before.
According to the report, growing demand for new aircraft from APAC will be a key driver for market growth. One of the major factors driving the growth of carbon brakes market is the increasing demand for energy-efficient aircraft from APAC. The cost-efficient business model and no-frills services strategy adopted by the regional airlines have augmented the demand for new aircraft in the region.
The region will receive around 12,596 new aircraft till 2034 with an annual growth rate of 6% each year. This development will be substantially propelled by the increased delivery of new narrow-body aircraft for catering the demand of low-cost airlines. This will also have a corresponding increase in the demand for carbon brakes and associated components in the region.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?