Aerospace Pilot Control Market Growth Analysis | 2023-2028

Market Insights

The aerospace pilot control market is likely to grow at a promising CAGR of 4.3% during 2023-2028 to reach USD 543.6 million in 2028.

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Market Dynamics

Introduction

Pilot control is a mechanism used by pilots to control an aircraft. These devices include yokes, side sticks, rudder brake pedal systems, and throttle quadrant assembly. The yoke is used to steer the plane, while the pedals are used to control the rudder and brakes, and the throttles are used to adjust the speed of the plane. These components are used in the aviation industry to provide a manual or automatic input device for initiating and controlling the flight of an aircraft. The function of pilot control is to control the aircraft's roll, pitch, yaw, speed, and direction of flight.

Covid-19 Impact

The COVID-19 pandemic deeply impacted the aerospace industry, including the aerospace pilot control market, which witnessed a decline of 14.6% in 2020. The market declined in 2021, followed by a good recovery from 2022 onwards.

Market Drivers

The major factors driving the growth of the aerospace pilot control market are:

• An expected rise in the production rate of key programs.
• Entry of programs (B777x, C919, and MC-21).
• An expected rise in the aircraft fleet size.
• Increasing electrification of aircraft.

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Key Players

The market is moderately concentrated, with the presence of some regional and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the aerospace pilot control market:

• Woodward Inc.
• Collins Aerospace
• TransDigm Group
• Parker Hannifin Corp.
• Safran S.A
• BAE Systems Plc
• Sensata Technologies, Inc.
• Essex Industries, Inc.
• Grayhill, Inc.
• Aeromaoz Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Platform Type

The aerospace pilot control market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, defense, UAVs, and space. Commercial aircraft is expected to remain the largest market category during the forecast period. A rise in the production rates of various commercial aircraft is anticipated to boost market demand in the coming years.

In its recent outlook (2022-2041), Boeing predicted that there would be deliveries of about 41,170 commercial and regional aircraft over the next twenty years, averaging over 2,059 aircraft each year.

By Pilot Control Type

The market is segmented into yokes, side sticks, rudder brake pedal systems, and throttle quadrant assembly. Yokes are estimated to remain the dominant pilot control type in the market during the forecast period. Yokes are preferred owing to their advantages, such as being less expensive, providing greater safety, and giving more stability to the aircraft while flying.

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By End-User Type

The aerospace pilot control market is segmented into OE and aftermarket based on the end-user type. OE is estimated to remain the dominant as well as the fastest-growing end-user type in the market in the foreseeable future.

Regional Insights

North America is anticipated to maintain its dominance in the aerospace pilot control market during the forecast period. This region has a presence of leading pilot control manufacturers, such as Woodward Inc., Parker Hannifin Corporation, and TransDigm Group. In addition to that, the presence of key OEMs, such as Boeing, Lockheed Martin, Gulfstream, and Textron, in the region, will fuel the demand for pilot control.

Asia-Pacific is expected to witness the highest growth rate during the forecast period and driven by upcoming indigenous aircraft by China (C919) coupled with the increasing defense budgets of emerging Asian economies.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects aerospace pilot control market realities and future market possibilities for the forecast period.
• 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 market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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 aerospace pilot control market is segmented into the following categories:

By Platform Type

• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Helicopter
• Defense
• UAV
• Space

By Pilot Control Type

• Yokes
• Side Sticks
• Rudder Brake Pedal Systems
• Throttle Quadrant Assembly

By End-User Type

• OE
• Aftermarket

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report 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

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