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Aerospace Flight Control Systems Market Report
Aerospace Flight Control Systems Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
The aerospace flight control systems market is estimated to grow at a CAGR of 4.7% by 2028, driven by an expected increase in the production rate of key programs (A320neo, B737 Max, A220, B787, and A350XWB), the introduction of new aircraft programs (C919, MC-21, B777x, etc.), and increasing electrification of aircraft.
Collins Aerospace, Moog Inc., Parker Hannifin Corp., Woodward Inc., Liebherr, Honeywell Aerospace, TransDigm Group, and Safran S.A. are the leading players in the aerospace flight control systems market.
North America is estimated to remain dominant in the aerospace flight control systems market in the foreseeable future. The key economies driving the region’s demand for aerospace are The USA, Canada, and Mexico.
Asia-Pacific is estimated to remain the fastest-growing market for aerospace flight control systems in the foreseeable future, due to a number of factors, including rising demand for commercial aircraft to accommodate growing passenger traffic, rising defense spending in important economies, the opening of Boeing and Airbus assembly plants, and the coming of indigenous commercial aircraft.
Flight control actuators are expected to remain the dominant component type in the market during the forecast period. Collins Aerospace, Moog, Inc., and Parker Hannifin Corp. are the pioneers in flight control actuators.
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