Overview and Scope
The aircraft flight control system refers to a sophisticated unit comprised of primary and secondary systems that control the required inputs to modify flight controls for the operator to operate the aircraft. It is utilised to keep the aircraft, crew, and passengers safe during rolling and pitching, and increase the aircraft's performance.
Sizing and Forecast
The aircraft flight control system market size has grown strongly in recent years. It will grow from $15.28 billion in 2023 to $16.44 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing air travel demand, military modernization programs, safety regulations and standards, aircraft upgrades and retrofits, commercial aircraft deliveries, global expansion of air cargo..
The aircraft flight control system market size is expected to see strong growth in the next few years. It will grow to $21.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to next-generation aircraft programs, global air travel recovery, green aviation initiatives, expansion of airborne connectivity, focus on pilot assistance systems, market competition and innovation.. Major trends in the forecast period include fly-by-wire (fbw) systems, integration of advanced technologies, electric actuation systems, lighter materials and components, digitalization and connectivity, reliability and redundancy..
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Segmentation & Regional Insights
The aircraft flight control system market covered in this report is segmented –
1) By Type: Commercial Fixed Wing Flight Control System, Military Fixed Flight Control System, Military UAV Flight Control System, Rotary Wing Flight Control System
2) By Technology: Fly by Wire, Power by Wire, Hydromechanical Systems, Digital Fly by Wire
3) By Component: Cockpit Controls, Flight Control Computers, Aircraft Actuators, Other Components
4) By Application: Business Aviation, Commercial Aviation, Military Aviation, Other Applications
5) By End User: Linefit, Retrofit
North America was the largest region in the aircraft flight control system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aircraft flight control system market report forecast period. The regions covered in the aircraft flight control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in air travel across the globe is expected to propel the growth of the aircraft flight control system market going forward. Air travel refers to the process of boarding an aircraft for the purpose of travelling from one location to another by any flying object. Aircraft flight control systems aid in the control of an aircraft during take-off and landing, improve flight reliability and safety, and minimize pilot effort, all of which lead to an increase in the overall functioning and safety of the aircraft while in flight. For instance, in May 2022, according to a report published by the International Civil Aviation Organization, a Canada-based specialized agency of the United Nations, between January and April 2022, there were 65% more air travelers than there were during the same time in 2021, and there were 30% more aircraft departures. Furthermore, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, overall air travelers' numbers to reach 4.0 billion in 2024, exceeding pre-COVID-19 levels, 103% of the 2019 total. Therefore, the rise in air travel across the globe is driving the aircraft flight control system market.
Key Industry Players
Major companies operating in the aircraft flight control system market report are Honeywell International Inc., Moog Inc., Safran S.A., Collins Aerospace, BAE Systems plc, Saab AB, Parker Hannifin Corporation, Raytheon Technologies Corporation, Liebherr Group, General Atomics, Lockheed Martin Corporation, Nabtesco Corporation, Woodward Inc., Curtiss-Wright Corporation, General Dynamics Mission Systems Inc., Heroux-Devtek Inc., Meggitt PLC, Northrop Grumman Corporation, Thales Group, Astronics Corporation, Crane Co., Eaton Corporation plc, LORD Corporation, HAL Aerospace Division, Technodinamika Holding, MicroNav Limited, Sierra Nevada Corporation, Ultra Electronics Holdings plc, Rabotti S.p.A., Wichita Aircraft Systems LLC, ShinMaywa Industries Ltd.
The aircraft flight control system market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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Global Aerospace Flight Control System Market Report Information by Application (Commercial Aviation, Business Aviation, & Military Aviation), by Platform (Fixed Wing & Rotary Wing), Aircraft Type, Technology, and by Region – Global Forecast Till 2023.Market ScenarioFlight control system is design to facilitate the better aircraft maneuverability.
Modern aircraft have replaced heavier and slower mechanical flight systems with electro-mechanical flight control systems that consist of electronically generated signals.
However, there are some shortcomings in the operating performance of the flight control systems, such as difficulty in achieving interoperability among so many different systems and technologies.Get Free Report Sample : https://www.marketresearchfuture.com/sample_request/3270 For instance, the Boeing Company had signed contract with Nabtesco Corporation to supply flight control actuation systems for the 777X program.
Moreover, the Parker Aerospace signed a contract with Aviation Industry Corporation of China’s AVIC Aircraft Co. Ltd to supply the flight control actuation and hydraulic system for the new MA700 regional aircraft.The factors responsible for the growth of aerospace flight control system market are the growing demand for new aircraft due to the increase in air travel across the globe.. Other key drivers expected to contribute towards the growth of the aerospace flight control system market are the growing demand for lightweight aircraft and increasing demand for unmanned air vehicles.The aerospace flight control system market is segmented based on application, platform, aircraft type, technology, and regions.
On the basis of platform, the rotary wing is widely used and comprises the largest market share due to the growing demand of helicopters in military applications, transportation industry, emergency medical services, and special missions.
On the basis of application, commercial aviation segment is estimated to witness the highest CAGR during the forecast period due to rise in air passenger traffic.Browse Full Report : https://www.marketresearchfuture.com/reports/aerospace-flight-control-system-market-3270 The market is segmented based on region into North America, Asia Pacific, Europe, the Middle East & Africa, and South America.
