(MENAFNEditorial) iCrowdNewswire - Nov 15, 2017
Aircraft flight control system market is dependent on the increased number of deliveries of passenger aircraft, fighter jets, helicopters, ultra light aircraft, and unmanned aerial vehicles in various countries across the world. The aircraft flight control system market is projected to grow from USD 11.85 billion in 2016 to USD 16.59 billion by 2021, at a CAGR of 6.97% from 2016 to 2021.
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Top Companies Analyzed for Aircraft Flight Control System Market are
- Honeywell International, Inc. (U.S.)
- Moog Inc. (U.S.)
- Rockwell Collins, Inc. (U.S.)
- Safran S.A. (France)
- BAE Systems plc. (U.K.)
- Liebherr Group (Germany)
- UTC Aerospace System (U.S.)
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North America is expected to lead the aircraft flight control system market during the forecast period, owing to technological advancements taking place in aircraft flight control systems. North America is the major hub for the aviation industry, in terms of passenger traffic with the presence of established market players, such as The Boeing Company (U.S.), Bombardier Inc. (Canada), and Lockheed Martin (U.S.). There is an increase in aircraft production by the aforementioned aircraft manufacturer sowing to the increasing demand for new aircraft from Asia-Pacific and the Middle East. Increasing aircraft production is one of the key factors driving the aircraft flight control system market in North America. The Asia-Pacific aircraft flight control system market is expected to grow at the highest CAGR during the forecast period, due to the presence of emerging aircraft manufacturers such as The Commercial Aircraft Corporation of China, Ltd. (China) and Mitsubishi Aircraft Corporation (Japan) in this region.
Based on platform, the aircraft flight control system market has been segmented into fixed wing and rotary wing. The fixed wing segment is anticipated to account for the largest market share of the aircraft flight control system market during the forecast period. High growth of the fixed wing segment can be attributed to the increasing demand for commercial aircraft, business jets, and fighter jets, among others.
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Target Audience:
- Aircraft Flight Control System Manufacturers
- Original Equipment Manufacturers (OEMs)
- Sub-Component Manufacturers
- Technological Support Providers
- Aircraft Manufacturers' Associations
- Manufacturers of Unmanned Aerial Vehicles
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This report segments the aircraft flight control system market on the basis of type, application, platform, aircraft type, technology, and region. Based on type, the aircraft flight control system market has been segmented into primary flight control system and secondary flight control system. Based on application, the aircraft flight control system market has been segmented into commercial, business, military, and others. Based on technology, the aircraft flight control system market has been segmented into fly-by-wire, hydro-mechanical, and others. Based on platform, the aircraft flight control system market has been segmented into fixed wing and rotary wing. Based on aircraft type, the aircraft flight control system market has been classified into narrow body aircraft, wide body aircraft, very large aircraft, and regional transport aircraft.
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