Aircraft Flight Control System Market
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 Units), Type, Technology, End User (Linefit, Retrofit), Platform, and Region – Global Forecast to 2023 „, published by MarketsandMarkets ™, the market is estimated to be $ 11.50 trillion in 2018 and is projected to reach $ 13.67 trillion 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.
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Cockpit controls is the highest growth during the forecast period.
Based on component, the cockpit controls segment of the aircraft flight control system is projected to witness the highest growth during the forecast period. This can be attributed to the increasing aircraft deliveries. The demand for new aircraft from airliners is increasing.
Fly by wire technology is projected to witness the highest growth during the forecast period.
Based on technology, it is the most widely used flight control technology in the aviation industry. Fly by wire systems are reliable in an adverse environmental condition with good signal transmission capability.
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Line fit end-user segment is expected to grow at a higher CAGR during the forecast period.
Based on end user, the linefit CAGR during the forecast period. The increasing orders for commercial aircraft are expected to drive this segment.
Asia Pacific aircraft flight control system 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 increase in the number of flight hours and passenger traffic in the region. Countries seeking as India and China have seen a tremendous increase in 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 market include Parker Hannifin Corporation (US), Honeywell (US), and Moog (US).
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