Aircraft Flight Control System Market Projected to Gain Significant Value through 2029
The global aircraft flight control system market size is anticipated to reach its highest CAGR in the forthcoming years. An aircraft flight control system (FCS) is used to aid the pilot in precision maneuvering. The system consists of linkages, hydro-mechanical controls, cockpit controls, and flight control surfaces. Fortune Business Insights™ has presented this information in an upcoming report titled, “Aircraft Flight Control System Market, 2021-2028”.
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As per the report, the AFCS market is gaining significant traction due to several reasons. For instance, the increasing global population is expected to be a major market growth driver in the forthcoming years. Due to the increasing population and improving disposable incomes, air travel is also increasing. As a result, airliners are expanding their aircraft fleets. Thus the increasing demand for more aircraft by airliners is expected to propel aircraft flight control system market growth
The global health crisis has hampered the growth of several industries and markets. COVID-19 has decelerated the growth of global economies and devastated their industries and markets. AFCS market has observed a negative impact as well. Lockdowns, curfews, and social distancing norms are resulting in lower production and shrunken revenues. Resources and funds are being allocated to strengthen the healthcare sector. It is uncertain to say how long the situation may persist way. However, the negative impact of COVID-19 is expected to gradually fade away as economies are trying to wade their way through the pandemic. Nonetheless, our research report’s in-depth analysis will help you gain an exhaustive outlook of this niche market.
On the basis of its components, the AFCS market segments into avionics, flight control surfaces, flight control sensors, cockpit controls, flight control actuators, etc. On the basis of its platform, the market fragments into business jets, UAVs, commercial aircraft, military aircraft, general aviation aircraft, and helicopters. On the basis of its mechanism, the market trifurcates into mechanical systems, hydro-mechanical systems, and fly-by-wire systems. On the basis of its end-user, the market divides into retrofit and line-fit. Geographically, the market is categorized into North America, Asia Pacific, Europe, and the Rest of the World.
The report is based on data triangulation using top-down and bottom-up approaches. The report contains information gathered through interviews with reputed stakeholders present in the AFCS market at regional, country, and global levels. The report encompasses PESTLE Analysis and Porters’ Five Forces Analysis for an exhaustive study of the prospected market. The report highlights the future opportunities of growth evaluated through the SWOT Analysis. The report also emphasizes the competitive landscape of the AFCS market, including the information on the ranking of key players, key market trends, recent industry developments, etc.
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Drivers & Restraints-
Rising Delivery of Modern Military Aircraft to Stimulate Growth
Modern aircraft demand modern technology. Owing to this, the replacement of conventional technology with the latest modern technology is also rising. Since safety is a major concern, the up-gradation of existing aircraft fleets and acquisition of modern technology-equipped aircraft is expected to augment the AFCS market growth. The expansion of the aircraft fleet by airliners due to the increasing air travel demand is also expected to boost the AFCS market growth. Electronic flight control systems or fly-by-wire systems are also expected to bring immense growth in the forthcoming years due to their mounting demand for integration in UAVs and modern military aircraft.
However, the advanced AFCS involve a high cost in deployment and production. This is likely to hamper the market growth. Also, the malfunctions encountered in hydro-mechanical systems are expected to impede market growth.
Increasing Passenger Traffic to Aid Growth in Asia Pacific
Key players present in the region and the fact that it is the aerospace industry’s hub, North America is expected to lead the horizon in global aircraft flight control system market growth share.
Increasing passenger traffic in nations like Indian and China will boost growth rate in Asia Pacific. The market growth is further expected to be boosted by the increasing acquisition of military aircraft.
Rising expenditure on UAV development is expected to help Europe witness substantial growth in the forthcoming years.
New manufacturers turning up in Latin America are expected to create growth opportunities for AFCS market growth.
A steady growth rate is anticipated in the Middle East and Africa.
Advancements and Acquisitions to Prevail as Key Growth Strategies by Companies
The AFCS market consists of various key players at regional and global levels. These players are developing new technologies and products for the aviation and aerospace industries. For instance, in June 2019, a retrofit flight-control system was launched by Collins Aerospace and Sikorsky, and Lockheed Martin Company. The new design replaces the typical mechanical flight control systems and features fly-by-wire performance to several rotary and blade aircraft.
- November 2019: A contract exceeding USD 400 million was presented to Moog Inc, for the production of various systems for F-35 aircraft. The systems to be produced included old wing actuation system, leading-edge flap drive system, primary flight control actuation system, and electro-hydrostatic actuation system.
- June 2019: Honeywell International introduced a new compact fly-by-wire system. The system enhances flight safety and is a new step in urban air mobility vehicles and autonomous vehicle development.
Key Players in the Aircraft Flight Control Systems Market:
- Lockheed Martin Corporation (The U.S.)
- BAE Systems (The U.K.)
- Moog Inc. (The U.S.)
- Parker Hannifin (The U.S.)
- United Technologies Corporation (The U.S.)
- Rockwell Collins (The U.S.)
- Safran (France)`
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