Aircraft Flight Control System Market Worth 13.67 Billion USD by 2023
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.
Browse 103 market data Tables and 50 Figures spread through 153 Pages and in-depth TOC on "Aircraft Flight Control System Market"
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:
Contact:Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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