According to the new market research report on the "Aircraft
Flight Control System Market by Component (Cockpit Controls, Primary FCC,
Secondary FCC, Actuators, Standby Attitude and Air Data Reference Unit), Type,
Technology, End User (Linefit, Retrofit), Platform, and Region - Global
Forecast to 2023", published by MarketsandMarkets™, the market is
estimated at USD 11.50 Billion in 2018 and is projected to reach USD 13.67
Billion by 2023, at a CAGR of 3.52% during the forecast period. Factors such as
the increase in passenger traffic, rise in aircraft deliveries, and upgradation
of old aircraft are expected to drive the aircraft flight control system market.
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"Aircraft Flight Control System Market"
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Cockpit controls
segment is projected to witness the highest growth during the forecast period.
Based on component, the cockpit controls segment of the
aircraft flight control system market is projected to witness the highest
growth during the forecast period. This can be attributed to the increasing
aircraft deliveries globally on account of increasing orders for new aircraft
from commercial and domestic airliners. The demand for new aircraft from
airliners is increasing due to the year on year increase in the global air
passenger traffic.
Fly by wire
technology segment is projected to witness the highest growth during the
forecast period.
Based on technology, the fly by wire segment of the aircraft
flight control system market is projected to witness the highest growth during
the forecast period, as this is the most widely used flight control technology
in the aviation industry. Fly by wire systems are reliable in adverse
environmental condition with good signal transmission capability.
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Linefit end-user
segment is expected to grow at a higher CAGR during the forecast period.
Based on end user, the linefit segment of the aircraft
flight control system market is projected to grow at a higher CAGR during the
forecast period. The increasing orders for commercial aircraft are expected to
drive this segment.
Asia Pacific aircraft
flight control system market is projected to witness the highest growth during
the forecast period.
The Asia Pacific region is one of the fastest-growing market
for aircraft flight control systems due to an increase in the number of flight
hours and passenger traffic in the region. Countries such as India and China
have seen a tremendous increase in the passenger traffic, owing to the growing
economy and disposable income of consumers in these countries. This increase in
passenger traffic and flight hours is expected to drive the demand for aircraft
flight control systems in the Asia Pacific region during the forecast period.
Major players in the
aircraft flight control system market include Parker Hannifin Corporation (US),
Honeywell (US), and Moog (US).
Know more about the
Aircraft Flight Control System Market:
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