Flight Control System market in Aerospace industry is likely to witness a healthy CAGR of 3.9% during the forecast period. – Stratview Research Market Report

The research studies Aircraft Flight Control System Market in the trend period of 2013 to 2018 and forecasted period of 2019 to 2024 under five segments - by Aircraft Type (Commercial Aircraft, Regional Aircraft, Military Aircraft, Helicopter, General Aviation, and UAV), by Component Type (Cockpit Controls, Flight Control Computers, Actuators, and Others), by Technology Type (Fly-by-Wire, Hydromechanical, Power-by-Wire, and Digital Fly-by-Wire), by End-User Type (Linefit and Retrofit), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

The study finds –
 North America is expected to remain the largest market for aircraft flight control systems during the forecast period.
 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 linefit segment is expected to remain the larger segment of the market during the forecast period.
 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.
 Flight control computers are further bifurcated into primary flight control computer and secondary flight control computer.

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The Aircraft Flight Control System Market: Highlights

The global 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.

Based on the 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.

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Based on the 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.

Based on the 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.

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 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.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors

Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the Aerospace & defence industry. Please refer to the following link to browse through the reports:
Click Here for Other Reports from Stratview Research in the Aerospace & Defence Industry:

https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

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