Press release
Aircraft Flight Control System Market: Industry Trends and Developments 2017 - 2025
Drivers:
The aircraft flight control system market is estimated to be driven by factors, such as increasing demand for aircraft from prominent countries in Asia-Pacific and the Middle East region, use of unmanned aerial systems in military programs, and high demand for fighter aircraft.
Growth in technological advancement and high demand for lightweight flight control systems are estimated to fuel the global aircraft flight control system market over the forecast period.
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Restraints:
The most significant restraint associated with aircraft flight control systems is their limited lifespan, and this factor may hamper growth of the global aircraft flight control system market. Additionally, global economic uncertainty and backlog of aircraft deliveries are acting as growth restraints in the global aircraft flight control system market.
Aircraft Flight Control System Market: Segmentation
The global aircraft flight control system market segmented on the basis type: primary flight control, secondary flight control and auxiliary flight control.
The global aircraft flight control system market segmented on the basis of aircraft type: narrow body aircraft, regional transport aircraft, very large aircraft and wide body aircraft.
The global aircraft flight control system market segmented on the basis of application: commercial aviation, business aviation, and military aviation.
The global aircraft flight control system market segmented on the basis of technology: fly-by-wire, hydro-mechanical and others.
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Aircraft Flight Control System Market: Regional Outlook
On the basis of region, the Asia Pacific aircraft flight control system market is expected to be grow at a relatively high rate, among all regions over the forecast period. The key countries contributing to the growth of this region are China, South Korea, Japan and India. This can be attributed to growth in the aircraft industry and airline travel, which in turn is resulting in an increase in the demand for aircraft flight control systems in these countries. Japan, Latin America and Middle East & Africa are expected to grow at a steady rate over the forecast period. North America and Europe are expected to remain dominant markets over the forecast period.
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Aircraft Flight Control System Market: Market Participants
Examples of some of the market participants in the global aircraft flight control system market, identified across the value chain include: Honeywell International Inc., Moog Inc., Nabtesco Corporation, BAE Systems, Rockwell Collins, Mecaer Aviation Group, United Technologies Corporation, Liebherr Group, Parker Hannifin Corp, SAAB AB.
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