Aircraft Flight Control System Market Set to Reach $22.5 Billion by 2029, Reveals Global Market Report
What Insights Does The Aircraft
Flight Control System Market Hold?
The aircraft flight control system
market size has experienced significant growth over the past few years. It is
projected to grow from $16.1 billion in 2024 to $17.29 billion in 2025,
demonstrating a compound annual growth rate (CAGR) of 7.4%. Factors such as
increasing demand for air travel, military modernization programs, safety
regulations and standards, aircraft upgrades and retrofits, commercial aircraft
deliveries, and global expansion of air cargo have contributed to this growth.
The market is anticipated to
continue its upward trajectory, reaching $22.5 billion in 2029 with a CAGR of
6.8%. The forecasted growth can be attributed to next-generation aircraft
programs, the recovery of global air travel, green aviation initiatives, the
expansion of airborne connectivity, focus on pilot assistance systems, market
competition, and innovation.
Trending technologies such as
fly-by-wire (FBW) systems, integration of advanced technologies, electric
actuation systems, lighter materials and components, digitalization, and
connectivity are set to influence the aircraft flight control system market in
the foreseeable future.
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Global Aircraft Flight Control System Market Report:
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What Are The Drivers Of The
Aircraft Flight Control System Market?
The surge in air travel worldwide
is expected to be a significant factor driving growth in the aircraft flight
control system market. Aircraft flight control systems enhance the control of
aircraft during take-off and landing, and increase flight reliability and
safety, reducing pilot effort. This subsequently enhances the overall
functioning and safety of the aircraft while in flight.
For instance, a report by the
International Civil Aviation Organization reported a 65% increase in air
passengers between January and April 2022 compared to the same period in 2021.
The International Air Transport Association projects that the total number of
air travelers will reach 4.0 billion in 2024, surpassing pre-COVID-19 levels,
offering ample opportunities for the aircraft flight control system market.
What Are The Key Segments
Within The Aircraft Flight Control System Market?
The aircraft flight control system
market covered in this report includes the following segments:
1) By Type: Commercial Fixed Wing
Flight Control System, Military Fixed Flight Control System, Military UAV
Flight Control System, Rotary Wing Flight Control System
2) By Technology: Fly By Wire,
Power By Wire, Hydromechanical Systems, Digital Fly By Wire
3) By Component: Cockpit Controls,
Flight Control Computers, Aircraft Actuators, Other Components
4) By Application: Business
Aviation, Commercial Aviation, Military Aviation, Other Applications
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Who Are The Major Players In
The Aircraft Flight Control System Market?
The report identifies major
players in the aircraft flight control system market, including Honeywell
International Inc., Moog Inc., Safran S.A., Collins Aerospace, BAE Systems PLC,
Saab AB, Parker Hannifin Corporation, Raytheon Technologies Corporation,
Liebherr Group, General Atomics, Lockheed Martin Corporation, Nabtesco
Corporation, Woodward Inc., Curtiss-Wright Corporation, General Dynamics
Mission Systems Inc., Heroux-Devtek Inc., Meggitt PLC, Northrop Grumman
Corporation, Thales Group, Astronics Corporation, Crane Co., Eaton Corporation
PLC, LORD Corporation, HAL Aerospace Division, Technodinamika Holding, MicroNav
Limited, Sierra Nevada Corporation, Ultra Electronics Holdings PLC, Rabotti
S.p.A., Wichita Aircraft Systems LLC, ShinMaywa Industries Ltd.
What Are The Emerging Trends In
The Aircraft Flight Control System Market?
Advancements in fly-by-wire
technology are an emerging trend in the aircraft flight control system market.
Major companies are developing fly-by-wire technologies that offer more safety,
advanced features, effective control of the aircraft, and are more compact to
sustain their position in the market.
For instance, in October 2022, BAE
Systems and Supernal collaborated to develop the flight control computer for
Supernal’s electric Vertical Takeoff and Landing (eVTOL) vehicle. The
partnership aims to create a lightweight, fly-by-wire system for its autonomous-capable
aircraft, enhancing safety and effectiveness during flight.
Which Region Will Dominate The
Aircraft Flight Control System Market?
In 2024, North America was the
largest contributor to the aircraft flight control system market, closely
followed by Asia-Pacific, which is projected to be the fastest-growing region
in the aircraft flight control system market in the forecast period.
What Does The Aircraft Flight
Control System Market Report 2025 Offer?
The Aircraft Flight Control System
Market research report from The Business Research Company provides global
market size, growth rate, regional shares, competitor analysis, detailed
segments, trends, and opportunities. The aircraft flight control system refers
to a complex unit comprising primary and secondary systems that manage the
necessary inputs to modify flight controls for the operator to use the
aircraft. It ensures the safety of the aircraft, crew, and passengers during
rolling and pitching, and enhances the aircraft's performance.
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