Already on ArticleSlash?

Forgot your password? Sign Up

Aircraft Flight Control System Market to Grow at CAGR of 3.9% during 2019 – 2024

 


Visitors: 93
 1 vote

The Aircraft Flight Control System Market: Highlights

The Aircraft Flight Control System Market is likely to witness a healthy CAGR of 3.9% during the forecast period. Increasing production rates of the fuel-efficient aircraft to support rising passenger traffic, market entry of new players in the commercial aircraft segment, advancement in flight control systems, and increasing demand for lightweight flight control systems are proliferating the growth of flight control systems in the aircraft industry. A continuous need to upgrade the old aircraft flight control system with the new technologies/systems is further substantiating the demand for flight control systems in the aircraft industry.

Aircraft Flight Control System Market - Insights by Aircraft Type:

The market is segmented as commercial aircraft, military aircraft, regional aircraft, helicopter, general aviation, and UAV. Commercial aircraft is likely to remain the largest segment of the market over the next five years, driven by a host of factors including increasing commercial aircraft deliveries, the introduction of fuel-efficient commercial aircraft, and increasing aircraft fleet size. The UAV segment is likely to grow at the highest rate over the next five years, driven by a continuous increase in defense expenditure for the development of UAVs by both the developed as well as developing economies.

Aircraft Flight Control System Market - Insights by Component Type:

The market is segmented as cockpit controls, flight control computers, actuators, and others. Flight control computers are further bifurcated into primary flight control computer and secondary flight control computer. Similarly, actuators are again divided into elevator actuators, hydraulic stabilizer actuators, aileron actuators, spoiler actuators, and trim actuators. All the component segments are likely to witness healthy growth rates over the next five years.

Aircraft Flight Control System Market - Insights by Technology Type:

The market is also segmented as fly-by-wire, hydromechanical systems, power-by-wire, and digital fly-by-wire. The fly-by-wire segment is expected to remain the growth engine over the next five years, owing to its widespread usage in the aircraft industry.

Aircraft Flight Control System Market - Insights by End-User Type:

The market is segmented as linefit and retrofit. The linefit segment is expected to remain the larger segment of the market during the forecast period. The segment is also likely to witness a higher growth during the same period, owing to huge order backlogs of commercial aircraft to meet rising passenger traffic across the globe.

Aircraft Flight Control System Market - Insights by Region:

North America is expected to remain the largest market for aircraft flight control systems during the forecast period. The USA is likely to remain the growth engine of the North American aircraft flight control system market as the country is the world’s manufacturing capital of the aircraft industry with the presence of many large-to small-sized aircraft manufacturers, tier players, aircraft flight control system suppliers, component manufacturers, distributors, and raw material suppliers. Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including an increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), rising defense budget of China and India, and rising aircraft fleet size.

Some of the major players in the aircraft flight control system market are Honeywell International Inc. , Parker Hannifin Corporation, Moog Inc. , Safran S. A. , Rockwell Collins, Inc. , BAE Systems plc, United Technologies Corporation, Saab AB, Woodward, Inc. , and The Liebherr Group. The development of advanced flight control system and formation of long-term contracts are some of the key strategies adopted by major players in order to gain a competitive edge in the market.

Source : https://www.stratviewresearch.com/435/Aircraft-Flight-Control-System-Market.html

(651)
Tags:
aircraft flight control system market

Article Source:


 
Rate this Article: 
 
Aircraft Potted-in Inserts Market to Grow at CAGR of 5.3% during 2018 -2023
Rated 1.0 / 5
based on 1 vote
ArticleSlash

Related Articles:

Aircraft Tire Market to Grow at CAGR 5.2% during 2019 – 2024

by: Khemant Kolpe (May 17, 2019) 
(News/International)

Aircraft Insulation Market to Grow at CAGR of 5.5% during 2019 -2024

by: Khemant Kolpe (May 16, 2019) 
(News/International)

Aircraft Valves Market to Grow at CAGR 5.6% during 2019 - 2024

by: Khemant Kolpe (May 17, 2019) 
(News/International)

Aerospace Interior Adhesives Market to Grow at CAGR 5.5% during 2019 – 2024

by: Khemant Kolpe (May 20, 2019) 
(News/International)

Automotive Fastener Market to Grow At 3.2% CAGR in 2024

by: Devesh Guwal (May 10, 2019) 
(News/Automotive)

Automotive Liftgate Market to grow at a healthy CAGR of 4.7% in 2024

by: Devesh Guwal (May 22, 2019) 
(News/Automotive)

Aircraft Lubricant Market to Grow at CAGR of 5.3% during 2018 – 2023

by: Khemant Kolpe (May 22, 2019) 
(News/International)

Aircraft Elastomers Market to Grow at CAGR of 5.1% during 2018 – 2023

by: Khemant Kolpe (May 23, 2019) 
(News/International)

Aircraft Lighting Market to grow at CAGR of 5.4% during 2018 – 2023

by: Khemant Kolpe (June 03, 2019) 
(News/International)

Aircraft Potted-in Inserts Market to Grow at CAGR of 5.3% during 2018 -2023

by: Khemant Kolpe (June 25, 2019) 
(News/International)