Aircraft Flight Control System Market is likely to witness an impressive CAGR of 4.2% during the forecast period. Snowballing production rates of fuel-efficient aircraft to support increasing passenger traffic, market entry of new players, advancement in flight control systems, and increasing demand for lightweight flight control systems are driving the growth of flight control systems in the aircraft industry. An unremitting need to upgrade old aircraft flight control systems with new technologies/systems is further substantiating the demand for flight control systems.
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Aircraft Flight Control System Market Segment Insights:
By Aircraft Type:
Commercial aircraft is likely to remain the largest segment of the market over the next five years, driven by a host of factors including snowballing commercial aircraft deliveries, introduction of fuel-efficient commercial aircraft, and growing aircraft fleet size. The UAV segment is likely to grow at the highest rate over the next five years, driven by a continuous increase in defense expenditure for the development of UAVs by both, developed as well as developing economies.
By Component Type:
Flight control computers are further sub-segmented as Primary Flight Control Computer and Secondary Flight Control Computer. Similarly, actuators are again categorized into Elevator Actuators, Trim Hydraulic Stabilizer Actuators, Aileron Actuators, Spoiler Actuators, and Trim Actuators. All the component segments are likely to witness healthy growth rates over the next five years; however, the cockpit controls segment is likely to witness the highest growth during the same period, driven by increasing aircraft deliveries to support rising passenger traffic.
By Technology Type:
The fly by wire segment is expected to remain the growth engine over the next five years, owing to its widespread usage in the aircraft industry.
By End-User Type:
The linefit segment is expected to remain the larger segment of the market during the forecast period. The segment is also likely to witness a higher growth during the same period, owing to huge order backlogs of commercial aircraft to meet rising passenger traffic across the globe.
By Region:
North America is estimated to remain the largest market for aircraft flight control systems during the forecast period. The USA is expected to remain the growth engine of the North American aircraft flight control system market as the country is the world’s manufacturing capital of the aircraft industry and houses many large-to small-sized aircraft manufacturers, tier players, aircraft flight control system suppliers, distributors, and raw material suppliers.
Asia-Pacific is projected to portray the highest growth during the same period, driven by a host of factors including an increasing demand for commercial aircraft to support rising passenger traffic, establishment of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
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- Market segment trend and forecast
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- Attractive market segments and associated growth opportunities
- Emerging trends
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- Key success factors
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