Aircraft Flight Control System Market Project Report and Business Plan by 2030
Posted on Sep 15 2023 5:08 AM
"Major Key Manufactures Companies Covered in Aircraft Flight Control System Market are Honeywell International Inc. (U.S.), Moog (U.S.), Collins Aerospace (U.S.), Parker Hannifin (U.S.), Safran (France), BAE Systems (U.K.), Leonardo SpA (Italy), Thales Group (France), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), Airbus SAS (France) and Other Key Companies. "
The global aircraft flight control system market size was valued at USD 25.33 billion in 2022. The market is expected to grow from USD 27.93 billion in 2023 to USD 48.48 billion by 2030, exhibiting a CAGR of 8.20% during the forecast period.
The flight control system facilitates precise aircraft control for pilots through control surfaces, cockpit interfaces, and mechanical links. While hydro-mechanical control systems are common, newer aircraft feature electronic flight control systems. The increased aircraft orders driven by growing air travel demand and rising drone utilization for military operations are expected to drive market growth. Fortune Business Insights presents this information in their report titled "Aircraft Flight Control System Market, 2023–2030."
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List of Key Players Profiled in the Aircraft Flight Control System Market Report:
- Honeywell International Inc. (U.S.)
- Moog (U.S.)
- Collins Aerospace (U.S.)
- Parker Hannifin (U.S.)
- Safran (France)
- BAE Systems (U.K.)
- Leonardo SpA (Italy)
- Thales Group (France)
- Lockheed Martin Corporation (U.S.)
- The Boeing Company (U.S.)
- Airbus SAS (France)
Primary Control Surface System Dominates as it Plays Key Role in Aircraft Movement
Based on type, the market is split into primary control surface and secondary control surface system. The primary control surface system, comprising the rudder, aileron, and elevator, held the largest aircraft flight control system market share in 2022 due to its vital role in aircraft direction and movement.
Control Surfaces Segment Takes the Lead with its Aerodynamic Precision in Flight Management
Based on component, the market is segmented into control surfaces, actuators, flight control surface mechanism, sensors, cockpit control, and others. The control surfaces segment led the market in 2022, serving as crucial aerodynamic elements that enable pilots to manage flight attitude and motion within the aircraft's flight control system.
Commercial Aircraft to Dominate due to Growing Air Travel
Based on platform, the market is categorized into commercial aircraft, military aircraft, business jets, and general aviation aircraft. The commercial aircraft is further subdivided into narrow body, wide body, regional jet, and commercial helicopter. The commercial aircraft segment leads the market share and is poised for the highest CAGR over the forecast period due to increased air travel, aircraft deliveries, and advancements in flight control systems.
From the regional ground, the market is studied across North America, Europe, Asia Pacific, and the Rest of the World.
Travel Restrictions and Supply Chain Disruptions Lead to Reduced Demand and Backlog
The COVID-19 pandemic caused a sharp reduction in aircraft deliveries as global airline operations were halted due to the escalating cases of the virus. International and domestic travel restrictions grounded aircraft and disrupted the supply chain for new deliveries, resulting in a significant backlog and decreased demand for aircraft flight control systems.
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The research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment, distribution channels, and prominent product categories of aircraft flight control system. Furthermore, the report provides valuable observations on market trends and significant industry advancements. Apart from the aforementioned factors, the report encompasses numerous variables that have bolstered market expansion in recent times.
Drivers and Restraints
Cost-Effective Operations and Digital Tech Integration to Propel Market Growth
The growing demand for high-performance aircraft equipped with advanced flight control systems is a significant market driver driven by airlines' requirements for cost-effective operations. Integration of the latest digital technology in flight control systems, especially for supersonic and hypersonic aircraft, further supports the aircraft flight control system market growth. For instance, Russia's future supersonic passenger plane, based on MiG-29 fighters, is set for production in 2023, as reported by Russian news agency TASS.
While the aircraft flight control system offers numerous advantages, stringent regulations pose a significant obstacle to the market's growth.
Europe Gears Up for Market Dominance with Top OEMs and Strong Airframe Manufacturing
Valued at USD 8.47 billion in 2022, Europe is poised for market dominance, boasting top OEMs and a thriving global market. The region's prominence in airframe manufacturing for commercial and military aircraft further bolsters its position.
Asia Pacific is projected to achieve the highest CAGR over the forecast period due to a burgeoning aviation sector and the presence of numerous OEMs in the region.
Major Players Leverage New Products and Partnerships for Sustained Dominance
The analysis of the market reveals a consolidated landscape, encompassing global and regional players. These entities exhibit diverse product portfolios, with a pronounced emphasis on crafting aircraft flight control systems tailored to original OEMs. Furthermore, notable participants in the market are engaged in consistent new product introductions and the establishment of strategic partnerships and acquisitions, all aimed at maintaining their strong foothold within the industry.
Key Industry Development
- June 2023: Elbit Systems, a global defense technology company, secured a significant USD 114 million contract from an Asia Pacific nation to provide two Long Range Patrol Aircraft (LRPA).
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