Aircraft Flight Control System Market Business Outlook, Growth Rate, Key Region, Segments & Future Growth Scope

The global aircraft flight control system market size 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.

The base year considered for the study is 2017 and the forecast period is 2018 to 2023. The objectives of this study are to analyze the aircraft flight control system market along with the statistics from 2017 to 2023 as well as to define, describe, and forecast the aircraft flight control system market based on type, component, technology, end user, and region.

Cockpit controls segment is projected to witness the highest growth during the forecast period.

Based on components, 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 number of 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.

Browse Detailed Insights: https://www.marketsandmarkets.com/Market-Reports/aircraft-flight-control-system-market-117067292.html

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.

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.

Regional Outlook

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.

Key Companies Outlook

Major players in the aircraft flight control system market include Parker Hannifin Corporation (US), Honeywell (US), and Moog (US).

For instance, in April 2016, Moog announced that its Aircraft Group was selected by Northrop Grumman Corporation to supply the complete flight control actuation for the Tern unmanned aircraft under the joint development program between Defense Advanced Defense Advanced Research Projects Agency (DARPA) and US Office of Naval Research. Moog offers integrated primary and secondary control systems, flight control computers and systems, and flight control actuators using hydraulic, mechanical, electromechanical, and electro-hydrostatic technologies, among others, through its aircraft controls segment.

In November 2016, BAE Systems (UK) signed a contract with Gulfstream Aerospace Corporation (US) to supply active sidesticks and flight control components for G500 and G600 aircraft models. BAE Systems is the fourth-largest defense contractor, providing flight control systems through its electronic systems segment.

Get Sample Here: https://www.marketsandmarkets.com/requestsampleNew.asp?id=117067292

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441