Report code - SR1377Published On : Nov,2021No. of Pages: 140
Aircraft Control Surfaces Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
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Aircraft Control Surfaces Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Aircraft Control Surfaces Market, by Aircraft Type (Commercial Aircraft, (Regional Aircraft, Military Aircraft, and General Aviation), Material Type (Aluminum, Stainless Steel, and Composites), Type (Primary Control Surfaces [Ailerons, Rudders, Elevators] and Secondary Control Surfaces [Spoilers, Flaps, Slats, and Air brakes]), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Aircraft Control Surfaces Market, by Aircraft Type (Commercial Aircraft, (Regional Aircraft, Military Aircraft, and General Aviation), Material Type...
Aircraft control surfaces are aerodynamic devices that are used to adjust and control the flight altitude of the aircraft. The development of an effective set of aircraft control surfaces is the major focus of the aviation industry. Aircraft control surfaces are of two types: primary and secondary control surfaces. Primary control surfaces are the most important ones, airplanes rely on them during take-offs and landings. Secondary flight control surfaces are supplemental devices that assist in the aforementioned flight processes.
The aircraft control surfaces market experienced an excellent growth rate till 2018; however, in 2019, the market experienced a slight decline mainly due to B737 Max grounding across regions, putting a halt to the industry's rapid growth. The sudden outbreak of the Covid-19 pandemic exacerbated industry challenges, resulting in a sharp plunge of -31.5% in the aircraft control surfaces market in 2020. Despite such a graver situation faced by the industry, it gradually heads towards the path of healing, a similar impact is likely to be felt in the market for aircraft control surfaces.
"The commercial aircraftsegment accounted for the largest market share."
The aircraft control surfaces market is segmented as commercial aircraft, regional aircraft, military aircraft, and general aviation. Despite taking a nosedive in 2020, commercial aircraft is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. The vast pile of order backlog of aircraft of Boeing and Airbus along with the expected entry of upcoming aircraft programs such as, C919, B777X, and MC-21, are some major factors that are likely to strengthen the segment’s market growth in the near future.
Material Insights
"The compositesegment accounted for the largest market share."
Analogously to the aircraft types, the report also provides a deep-dive analysis of the different materials used to manufacture control surfaces. Aluminum, stainless steel, and composites are used, out of which composite holdsthe lion’s share and are also likely to grow at the above industry average growth rate by 2026. Key advantages of composites over aluminum and stainless steel, such as lightweight, durability, corrosion resistance, flexibility in design, and high impact strength.
By Type
"The Aileronsegment accounted for the largest market share."
The aircraft control surfaces market is segmented as primary control surfaces (ailerons, rudders, and elevators), and secondary control surfaces (spoilers, flaps, slats, and air brakes)]. Aileron remains thelargest as well as the fastest-growing control surface type during the forecast period. Aileron is the important control surface used in pairs to control roll about the longitudinal axis. The flap is likely to remain the second-dominant segment till 2026. It has its importance at the time of take-off and landing. It generates more lift at a slower airspeed, which enables the aircraft to fly at a greatly reduced speed with a lower risk of stalling.
Regional Trends
"North Americaaccounted for the largest market share."
In terms of regions, North America is expected to remain the largest market for aircraft control surfaces during the forecast period. The USA is not only the largest market in North America but also in the world, owing to the presence of many aircraft OEMs and tier players such as Boeing, Airbus, Lockheed Martin, Bombardier Inc., Gulfstream Aerospace, GE Aviation.
Asia-Pacific will witness the highest growth during the forecast period with China and India are likely to remain the major markets in the region. India is likely to be the new growth engine of the region’s demand for aircraft control surfaces in the coming five years.
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Market Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The aircraft control surfaces market is segmented into the following categories-
By Aircraft Type
Commercial Aircraft
Regional Aircraft
Military Aircraft
General Aviation
By Material Type
Aluminum
Stainless Steel
Composites
By Type
Primary Control Surfaces
Secondary Control Surfaces
By Region
North America
Europe
Asia-Pacific
Rest of the World
Key Players
The supply chain of this market comprises raw material suppliers, component manufacturers, control surface manufacturers, tier players, aircraft OEMs, and airline companies. The following are the key players in the Aircraft Control Surfaces Market.
Spirit AeroSystems, Inc.
Triumph Group Inc.
GKN Aerospace (A Melrose Company)
Aernnova Aerospace S.A.
Precision Castparts Corp.
Boeing Aerostructures Australia
FACC AG
Mitsubishi Heavy Industries
Harbin Hafei Airbus Composite Manufacturing Centre
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft control surfaces market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Aircraft Control Surfaces Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
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Aircraft control surfaces are aerodynamic devices that are used to adjust and control the flight altitude of the aircraft. The development of an effective set of aircraft control surfaces is the major focus of the aviation industry. Aircraft control surfaces are of two types: primary and secondary control surfaces. Primary control surfaces are the most important ones, airplanes rely on them during take-offs and landings. Secondary flight control surfaces are supplemental devices that assist in the aforementioned flight processes.
Spirit AeroSystems, Inc., Triumph Group Inc., GKN Aerospace, Collins Aerospace Systems, Harbin Hafei Airbus Composite Manufacturing Centre, Aernnova Aerospace S.A., Precision Castparts Corp., Boeing Aerostructures Australia, FACC AG, Mitsubishi Heavy Industries, Leonardo S.P.A, Patria Corporation, SAAB AB, Sonaca Group, and Strata Manufacturing PJSC are the leading players in the aircraft control surfaces market.