This new report from Stratview Research analyses the Aircraft Flight Control System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aircraft Flight Control System Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aircraft Flight Control System Market is no different. Derived from the previous market scenario, the Aircraft Flight Control System Market is likely to witness an impressive CAGR of 4.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Market Share Analysis
By Aircraft Type
On the basis of 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 snowballing commercial aircraft deliveries, introduction of fuel-efficient commercial aircraft, and growing 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, developed as well as developing economies.
Based on the component type, the aircraft flight control system market is segmented as cockpit controls, flight control computers, actuators, and others. Flight control computers are further sub-segmented as Primary Flight Control Computer and Secondary Flight Control Computer. Similarly, actuators are again categorized into Elevator Actuators, Trim 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; however, the cockpit controls segment is likely to witness the highest growth during the same period, driven by increasing aircraft deliveries to support rising passenger traffic.
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By Technology Type
Based on the technology type, the aircraft flight control system market is 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.
Based on the 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.
In terms of regions, North America is estimated to remain the largest market for aircraft flight control systems during the forecast period. The USA is expected 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 and houses many large-to small-sized aircraft manufacturers, tier players, aircraft flight control system suppliers, distributors, and raw material suppliers.
Asia-Pacific is projected to portray 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, establishment of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
Some of the major players in the aircraft flight control system market are-
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