Aerospace Flight Control System Market To Witness Healthy Growth and Increased Demand | Industry Projected to Grow USD 16.6 billion by 2023 with 7 % of CAGR

“\”Aerospace flight control system Market\””
Aerospace flight control system Market Information Report by Platform (Fixed, Rotary), Technology (Fly-by-Wire, Hydro-Mechanical, and others), Application (Commercial, Business, Military) and region – Forecast to 2023

Market Overview:

Market Research Future (MRFR) has recently published a report on global aerospace flight control system market which reveals that the market is projected to register a CAGR of 7% during the forecast period 2017 to 2023. An increase in the air traffic is witnessed over the years which has fueled the demand for new aircraft. The trend is likely to perpetuate over the next couple of years which is expected to drive the growth of the global aerospace flight control system market.

Some of the factors responsible for the accelerated market expansion are growing demand for lightweight aircraft and increase demand for unmanned air vehicles. However, shortcomings associated with the operability of flights are poised to remain an impediment to the market over the assessment period.

Advances in technology have led to the introduction of fly-by-wire (FBW) control systems for aircraft. This system converts flight control movements to electronic signals and transmits them through wires, thereby eliminating manual control. It is an electronic interface that empowers flight control computers to determine movement of actuators at each control surface and to provide the expected response. In addition, there increased usage of high-resistive union makes the aircraft safer in the event of lightning strikes. Thus, the shift toward next-generation FCS is the latest trend in the market.

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Competitive Dashboard:

Some of the key players profiled by MRFR in the report are Honeywell International, Inc. (U.S.), BAE Systems plc (U.S.), Safran S.A. (France), Moog Incorporation (U.S.), United Technologies Corporation (U.S.), Liebherr Group (Switzerland), Rockwell Collins, Inc (U.S.), Parker Hannifin Corp. (U.S), Nabtesco Corporation (Japan), and West Star Aviation, Inc. (U.S).

Industry Developments:

In July 2018, the U.S. based Endicott’s BAE was selected for producing updated flight control systems for 315 F-16s deployed by the United Arab Emirates.

In August 2018, Boeing, an American multinational company, conducted a test on flights of an Australian-developed control system on fixed-wing UAVs in Queensland.

According to MRFR, The global Aerospace Flight Control System Market is expected to account for USD 16.6 billion by 2023 with 7 % CAGR.

Market Segmentation:

By application, the aerospace flight control system market has been segmented into commercial aviation, business aviation, and military aviation.

By platform, the global aerospace flight control system market is segmented into fixed wing and rotary wing.

By aircraft type, the aerospace flight control system market has been segmented into narrow body, wide body, and helicopter.

By technology, the global aerospace flight control system market is segmented into fly-by-wire, hydro-mechanical, and others.

Regional Analysis:

By region, the global aerospace flight control system market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America currently holds the most significant share of the global aerospace flight control system market. It is anticipated to retain its dominance over the next couple of years. The growth is attributable to growing military modernization programs, such as advanced fighter jets and unmanned air vehicles and the advancement in flight control systems technology. Furthermore, the concentration of the key players in the region is expected to favor the market growth and expansion.

Asia Pacific accounts for the second largest share of the market, and it is likely to gain prominence over the next few years. The shifts in the market that are highly favorable for its future are the procurement of fighter aircraft, increased demand for new aircraft from regional airline companies, and use of unmanned aerial systems in military programs.

Europe and South America are expected to remain significant growth pockets owing to investments in technological advancements and increasing demand in the market. The Middle East & Africa region exhibits potential as there exists a massive room for growth due to the gap between demand and supply in the market.

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