Press release
Expecting 5.5% CAGR for Global Aircraft Flight Control Systems Market Size to Reach USD 24.29 Billion By 2032
The report "Aircraft Flight Control Systems Market Share, Size, Trends, Industry Analysis Report, By Component (Flight Control Computers, Cockpit Control, Sensors, and Others); By Technology; By Platform; By Fit; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.The global aircraft flight control systems market size is expected to reach USD 24.29 billion by 2032, according to a new study by Polaris Market Research.
Presently, most of the commercial and military aircraft, which are being flown across the globe are integrated with hydro-mechanical control systems, which can harsh environments with temperature changes and easy exposure to the elements, which in turn boosts the integration and replacement of these conventional control systems with fly-by-wire technology, as it reduces the weight, increases safety, maintenance reduction, and also manage workloads for pilots. Thus, the market is expected to have a boost in adoption and demand over the coming years.
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High prevalence of the usage of fiber-controlled optical systems for substituting copper and electrical actuation with light material to reduce the overall weight of an aircraft, which in turn, creates significant demand for flight control systems.
In recent years, to fulfill the requirements of both commercial and defense sectors, various manufacturers are focusing on the development of fuel-efficient aircraft and are highly focusing on several types of protocols that are effective for reducing wiring and life cycle costs of the systems as well.
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Furthermore, the growing prevalence of upgrading the existing avionics systems like aircraft monitoring systems, flight control, navigation, and communication systems also makes them more innovative and advanced, which is likely to create new lucrative growth opportunities for the market.
For instance, in October 2022, Xwing announced its collaboration with NASA, to support and develop autonomous aviation in the United States. Under this collaboration, they will mainly focus on the identification of risks and hazards and evaluate the safety arguments along with the enhancement of the global positioning system.
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Aircraft Flight Control Systems Market Report Highlights
1. Flight control computers segment accounted largest market share in 2022, which is mainly attributed to a rapid increase in air traffic and efforts on improving system efficiency.
2. Fly-by-wire segment is expected to register the fastest growth during the forecast period owing to the increase in the aviation industry and high awareness regarding the advantages of fly-by-wire among airlines.
3. Commercial segment dominated the global market in 2022 on account of the increasing utilization of highly advanced and innovative technology like AI, ML, and big data.
4. Linefit segment is projected to hold a significant market share over the study period due to the growing industrialization and demand for next-generation aircraft worldwide.
5. Asia Pacific region is expected to emerge fastest throughout the anticipated period, which is mainly driven by the robust presence of aircraft designing technologies and a large number of air travelers.
Some of the Top Market Players Are:
Some of the major players operating in the global market include Honeywell International Inc., Moog Inc., Raytheon Technologies Corporation, Thales Group, Safran SA, Parker Hannifin Corporation, Curtiss-Wright Corporation, BAE Systems PLC, Collins Aerospace, Embraer SA, Mitsubishi Aircraft Corporation, Lockheed Martin Corporation, The Liebherr Group, Commercial Aircraft Corporation of China, and General Atomics.
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About Us:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
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