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Global Commercial Aircraft Carbon Brakes Market in Aerospace & Defense Industry | Discover Company Insights in Technavio
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NEW YORK, July 21, 2021 /PRNewswire/
The commercial aircraft carbon brakes market is poised to grow by USD 217.01 million during 2021-2025, progressing at a CAGR of 3.36% during the forecast period.
Attractive Opportunities in the Commercial Aircraft Carbon Brakes - Forecast 2021-2025
Here is an Exclusive report talking about Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour.
The report on the commercial aircraft carbon brakes market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
Market is expected to generate $177.1 million in 2030, advancing at a CAGR of 24.6% 2021-2030
The increasing adoption of electric vehicles (EVs), cost-effectiveness, ease of installation, along with low repair and service cost of automotive busbars, and development of EV charging infrastructure are some of the key factors behind the growing demand for automotive busbars.
Moreover, the technological developments in the manufacturing and charging infrastructure of EVs are expected to benefit the global automotive busbar market.
The COVID-19 pandemic has considerably impacted the automotive industry due to the temporary shutdown of automotive manufacturing plants. On the Other hand, the EV market showcased an upward trend owing to various government initiatives.