Updated date - Dec 3, 2019

[138 Pages Report] The aircraft flight control system market was valued at USD 11.10 billion in 2017 and is projected to reach USD 13.67 billion by 2023, at a CAGR of 3.52% during the forecast period. 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. The base year considered for the aircraft flight control system market study is 2016, and the forecast period for this study is from 2018 to 2023

See how this study impacted revenues for other players in Aircraft Flight Control System Market Client�s Problem Statement An industry-leading flight control and guidance system client wanted data and market intelligence and technology analysis of various light types. The client also wanted market intelligence on component type by different platforms at the country-level. MnM Approach MnM was engaged to conduct a study with the below-mentioned objectives, which were achieved to the satisfaction of the client.

� Market sizing and forecast across various light type technologies including fly by wire, power by wire, hydromechanical systems, and digital fly by wire was provided

� Analysis of components by different types of control systems including commercial fixed-wing flight control system, military fixed flight control system, military UAV flight control system, and rotary-wing flight control system was provided

� Key vendors in the flight control system market were profiled, to provide a broader outlook about competitive benchmarking against similar solutions offered by competitors Revenue Impact (RI) Our analysis resulted in the client tap into a USD 1.5 billion market, with a projected market potential of USD 14 billion within three to five years of our recommendations. Consult our Analyst now

Based on type, the military UAV�s FCS segment is projected to lead the aircraft flight control system market during the forecast period

Based on type, the aircraft flight control system market has been segmented into commercial fixed wing flight control system, military fixed wing flight control system, rotary wing flight control system and military UAV flight control system. The military UAV flight control system segment is projected to grow at a higher CAGR as compared to the commercial fixed wing flight control system from 2018 to 2023. Increasing demand for military UAV�s used in surveillance and reconnaissance from the North American and European regions is fueling the growth of this segment of the market.

Based on end user, the linefit segment of the aircraft flight control system market is projected to grow at the highest CAGR from 2018 to 2023

Based on enduser, the market has been segmented into linefit and retrofit. The linefit segment is projected to grow at the highest CAGR during the forecast period. Increasing air passenger volume year on year is fueling the growth of this segment of the market.

Aircraft flight control systems market in the Asia Pacific is expected to witness the highest growth during the forecast period

The geographical analysis of the aircraft flight control system market includes regions such as North America, Europe, Asia Pacific, and Rest of the World (RoW). The North America region accounted for the largest share of the aircraft flight control system market in 2017. However, the Asia Pacific aircraft flight control system market is projected to grow at the highest CAGR during the forecast period due to the increase in passenger traffic and military aircraft in countries such as India, China, and Russia.

Driver: Increasing aircraft orders and deliveries

The rise in per capita income across countries has made air travel more affordable. This has further contributed to the increase in air passenger traffic, globally. According to study by the IATA conducted in May 2015, the number of passengers is expected to be greater than seven billion by 2035, with a growth of 4.1% per annum. The commercial aviation market is expected to triple in demand over the next 20 to 30 Furthermore, there has been an increase in the profitability of airliners due increased fuel efficiency of aircraft operations. Aircraft operational efficiency is determined by factors such as aircraft design, navigation & flight paths, and weather conditions. Advancement in navigational technologies, along with efficient aircraft operations such as flight operations, technical operations, and ground operations have enhanced the efficiency of aircraft operations. These factors have led to increasing aircraft orders across the globe, which is expected to impact the global aircraft flight control system market in near future.

Opportunity: New aircraft manufacturers in Asia Pacific

Emerging aircraft manufacturers in Asia Pacific and Latin America is one of the major opportunities for the growth of the aircraft flight control system market in the coming years. Commercial Aircraft Corporation of China, Ltd. (COMAC) of China, Embraer SA (Brazil), and Mitsubishi Aircraft Corporation (Japan) are some of the new companies operational in the manufacturing of aircraft. Mitsubishi Aircraft Corporation is engaged in the production of regional aircrafts, while COMAC manufactures commercial, business, and regional aircrafts. Rise in the demand for commercial aircraft, business jets, and regional transport aircrafts, owing to increased air passenger traffic is expected to provide these manufacturers growth opportunities for the production of new aircraft, and consequently lead to growth of the aircraft flight control system market during the forecast period.

Challenge: Stringent regulatory norms

The aviation industry is one of the highly regulated industries, mainly due to the inherent risk associated with flight operations. A multitude of bilateral, national, and international regulations and standards bind actions of aircraft and aircraft component manufacturers, including aircraft flight control system manufacturing companies. Countries across the globe have different regulatory bodies governing the safety levels associated with aircraft operation

Regional market shares and CAGRs of the Aircraft Flight Control System Market

Scope of the Report

Report Metric Details Market size available for years 2016�2023 Base year considered 2017 Forecast period 2018�2023 Forecast units Value (USD Million/Billion) Segments covered for Aircraft Flight Control Systems Market Type, Component, Platform,Technology, End user, and Region Geographies covered North America, Europe, Asia Pacific, and Rest of the World (RoW) Companies covered Honeywell International (US), Moog (US), Safran ( France), BAE Systems (UK), United Technologies (US) , Parker Hannifin (US),Rockwell Collins (US), and Woodward (US) among others

Aircraft Flight Control Systems Market, By Component

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)

Others

Aircraft Flight Control Systems Market, By Platform

Fixed Wing

Rotary Wing

Aircraft Flight Control System Market, By Type

Commercial Fixed Wing Flight Control System

Military Fixed Flight Control System

Military UAV Flight Control System

Rotary Wing Flight Control System

Aircraft Flight Control System Market, By Technology

Fly by Wire

Power by Wire

Hydromechanical Systems

Digital Fly by Wire

Aircraft Flight Control System Market, By End User

Linefit

Retrofit

Aircraft Flight Control System Market, By Region

North America

Europe

Asia Pacific

Rest of the World

Key Market Players

Honeywell International (US), Moog (US), Safran ( France), BAE Systems (UK), United Technologies (US) , Parker Hannifin (US),Rockwell Collins (US), and Woodward (US) among others

Recent Developments: Aircraft Flight Control Systems Market

In January 2018, Lockheed Martin (US) has received a contract worth USD 1.94 billion from the Army Contracting Command, Redstone Arsenal. Under this contract, Lockheed Martin is expected to provide 8 UH-60 aircraft to the Saudi Arabian National Guard Forces and other 9 similar aircraft for the Royal Saudi Land Forces Airborne Special Security Forces.

In May 2017, General Atomics (US) received a contract from the US Air Force for delivering 36 MQ-9 Reaper UAVs.

In November 2016, General Atomics (US) received a contract worth USD 43.7 million from the US Department of Defense for de-risking MQ-25 Stingray Unmanned Carrier Aviation Air System (UCAAS) of the US Navy.

In September 2016, General Atomics (US) received a contract worth USD 25.3 million from the US Army for its 4 Gray Eagle war replacement unmanned aircraft.

In May 2016, Rockwell Collins (US) received a contract from Cessna Aircraft Company (US) to provide Trimmable Horizontal Stabilizer Actuators (THSA), flap actuation systems, and subcomponents of flight control systems for the new Cessna Citation Longitude super-midsize business jet.

Critical questions the report answers:

Where will all these developments take the industry in the long term?

What are the upcoming trends in the aircraft flight control systems market?

Which segment provides the most opportunity for growth?

Who are the leading vendors operating in this market?

What are the opportunities for new market entrants?

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