Thrust Vector Control System Market To Be Dominated by Keyplayers Honeywell International, Inc., Moog, Inc., Woodward, Inc., Jansen Aircraft Systems Control, Inc., BAE Systems

Thrust Vector Control (TVC) system is the ability of an aircraft, rocket, and other launch vehicles to handle the direction of the thrust from its engines in order to control the attitude or angular velocity of the vehicle. The system deflects the directions of engine thrust during operation to provide control power for an aircraft and is used to correct deviation from planned path. TVC system is possible and effective only when propulsion system is creating thrust.
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Increasing production of military aircrafts is one of the major factors driving growth of the thrust vector control system market
Major factor attributed to growth of the TVC system is the increasing production of military aircrafts. For instance, AIRBUS published its order, deliveries, and operation status till October 2017. The total order received by AIRBUS for military aircraft was 1,948 and the total number of deliverers was 1,527 with 1,212 military aircrafts are in operation. The major advantage of using TVC system in military aircraft is its ability to improve the maneuverability of the aircraft.
The Global Thrust Vector Control System Market: Segment Trends
Among technology, the flexible nozzle segment accounted for the largest market share in 2017 and is expected to remain largest over the forecast period. This is owing to the ability of flexible nozzle to maintain the overall weight of the military aircraft. Moreover, the nozzle reduces the over-all cost of manufacturing of the aircraft.
The Global Thrust Vector Control System Market: Regional Insights
The market for TVC system in North America accounted for the largest market share in 2017 and is expected to remain largest over the forecast period. This is owing to presence of major manufacturers of military aircrafts such as Lockheed Martin, Dassault Aviation, Pentagon, and others in the region.
The market for Asia Pacific region is expected to witness significant growth with highest CAGR over the forecast period. This is owing to increasing government investments on launching new rockets and launch vehicles. For instance, according to the IBEF (India Brand Equity Foundation).org analysis, in August 2017, the government of India sanctioned US$ 1.35 billion to Indian Space Research Organization (ISRO).

Thrust Vector Control System Market: Competitive Landscape

Key players operating in the global TVC system market include, Honeywell International, Inc., Moog, Inc., Woodward, Inc., Jansen Aircraft Systems Control, Inc., BAE Systems, Wickman Spacecraft & Propulsion Company, Parker Hannifin, Inc. , Sierra Nevada Corporation, Dynetics, Inc., and SABCA .
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Global Thrust Vector Control Market: Taxonomy
On the basis of technology:
• Gimbal nozzle
• Flex nozzle
• Thrusters
• Rotating nozzle
• Others (Injection, jet vanes, and tabs)
On the basis of application:
• Launch vehicles
• Missiles
• Satellites
• Fighter aircraft
On the basis of system:
• Thrust vector actuation system
• Thrust vector injection system
• Thrust vector thruster system
On the basis of end user:
• Space agencies
• Defense
On the basis of region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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