Market NEWS: The Aircraft Flight Control System 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
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Browse 84 market data Tables and 42 Figures spread through 138 Pages
and in-depth TOC on "Aircraft Flight Control System Market - Global
Forecast to 2023"
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Cockpit controls segment is projected to witness the highest growth
during the forecast period.
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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.
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.
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Major players in the aircraft flight control system market include
Parker Hannifin Corporation (US), Honeywell (US), and Moog (US).
Demand for aircraft flight
control systems from the Maintenance, Repair and Overhaul (MRO) companies.
Based on component, the aircraft
flight control system market has been segmented into the different types of
AFCS components used in different systems such as cockpit controls, primary
flight control computer, secondary flight control computer, elevator actuators,
trim hydraulic stabilizers actuators, aileron actuators, spoiler actuators, trim
actuators, standby attitude and air data reference unit (SAARU), and others.
These components help convert physical signal by pilot or electrical signals by
autopilot into a proper form so that other aircraft systems can access it.
Based on platform, the aircraft
flight control system market has been segmented into fixed wing and rotary
wing. The fixed wing segment is expected to grow at a higher CAGR, owing to the
increasing number of fixed wing aircraft fleet worldwide.
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