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  • Aerospace Flight Control Systems Market Growth Analysis | 2023-2028

    Aerospace Flight Control Systems Market Growth Analysis | 2023-2028

    Aerospace Flight Control Systems Market Growth Analysis | 2023-2028
    Report code - SR2546 Published On : Apr,2023 No. of Pages: 169
    Aerospace Flight Control Systems Market Size, Share, Trends, Forecast, & Growth Analys See more...

    Market Insights

    The aerospace flight control systems market was estimated at USD 7.1 billion in 2022 and is likely to grow at a CAGR of 4.7% during 2023-2028 to reach USD 11.2 billion in 2028.

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    What are aerospace flight control systems?

    The aerospace flight control systems are a crucial component of the aircraft that manages the flight dynamics and controls the movement of an aircraft during flight. It uses sensors, computers, and actuators to interpret data and provides control signals to the aircraft's control surfaces, such as the rudder, ailerons, and elevators. Flight control systems are responsible for various critical functions during flight, including stabilizing the aircraft, maintaining its altitude, and heading, and controlling its speed. Flight control actuators, flight control electronics, cockpit control panels, and pilot control are the components of aerospace flight control systems.

    Covid-19 Impact

    The outbreak of the pandemic in 2020, left the aerospace industry in shambles, and it also impacted the aerospace flight control systems market, which declined by double digits in the same year. In 2021, the market further declined by 6.1%, followed by a steep recovery from 2022 onwards.

    Aerospace Flight Control Systems Market Report Highlights

    Market Size in 2022

    USD 7.1 billion

    Market Size in 2028

    USD 11.2 billion

    Market Growth (2023-2028)

    4.7% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    The market is driven by a host of factors, some of which are noted below:

    • The 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.),
    • Increasing electrification of aircraft.

    Aerospace-Flight-Control-Systems-Market-Dynamics

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    Segment Analysis

    By Component Type

    The aerospace flight control systems market is segmented into flight control actuators, flight control electronics, cockpit control panels, and pilot control. Flight control actuators dominated the segment with a share of more than 60% in 2022 and are expected to remain the dominant as well as the fastest-growing component type in the market during the forecast period. Hydraulic is the commonly used actuator type; however, electric (hybrid electric) actuators are replacing hydraulic and pneumatic ones in the upcoming aircraft programs.

    The market by Component type has been further broken down into Flight Control Actuators, Flight Control Electronics, Cockpit Control Panels, and Pilot Control Components.

    By Actuator Type

    The market is segmented into primary flight control actuators, secondary flight control actuators-high lift systems, and secondary flight control actuators-others. Primary flight control actuators took the throne in 2022 with a share of more than 50%, secondary flight control actuators-high lift systems are likely to remain the second dominant actuator type during the forecast period.

    By Pilot Control Type

    The market is segmented into yokes, side sticks, rudder brake pedal systems, and throttle quadrant assembly. Yoke occupied a market share of more than 45% in 2022 and is estimated to remain the dominant component type in the market during the forecast periodYokes are preferred owing to their advantages, such as being less expensive, providing greater safety, and giving more stability to the aircraft while flying.

    By Platform Type

    The market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, defense, UAV, and space. Commercial aircraft accounted for a share of more than 60% in 2022 and is expected to remain the dominant platform type in the market during the forecast period. A rise in the production rates of various commercial aircraft is anticipated to boost market demand in the coming years. Boeing, in its recent outlook (2022-2041), 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.

    Aerospace-Flight-Control-Systems-Market-Segment-Analysis-By-Platform-Type

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    By Technology Type

    The market is segmented into fly-by-wire and hydromechanical. Fly-by-wire accounted for a market share of more than 85% in 2022 and is expected to maintain its dominance in the market in 2028 owing to its advantages, such as its reduced weight, improved reliability, increased aircraft fuel efficiency, and reduced drag through optimized trim settings.

    Regional Insights

    North America occupied a share of more than 45% in 2022 and is anticipated to maintain its dominance in the market. The USA is expected to remain the growth engine of the region’s market as the country is the world’s manufacturing capital of the aircraft industry and houses many large small-sized aircraft manufacturers, tier players, aircraft flight control system suppliers, distributors, and raw material suppliers.

    Asia-Pacific is projected to portray the highest growth over the next five years, driven by a host of factors, including an increasing demand for commercial aircraft to support rising passenger traffic, the establishment of assembly plants for Boeing and Airbus in China, upcoming indigenous commercial aircraft (COMAC C919), and rising aircraft fleet size.

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    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 flight control systems market is segmented into the following categories.

    By Component Type

    • Flight Control Actuators
    • Primary Flight Control Actuators
    • Secondary Flight Control Actuators-High Lift Systems
    • Secondary Flight Control Actuators-Others
    • Flight Control Electronics
    • Cockpit Control Panels
    • Pilot Control
    • Yokes
    • Side Sticks
    • Rudder Brake Pedal Systems
    • Throttle Quadrant Assembly

    By Platform Type

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

    By Technology Type

    • Fly-by-Wire
    • Hydromechanical

    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, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

    Aerospace-Flight-Control-Systems-Market-Segmentation

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    Key Players

    The market is moderately concentrated with the presence of some regional and global players. An inorganic growth strategy is preferred, especially by the leading players. Several crucial M&As led to several changes in the competitive landscape.

    The following are the key players in the market:

    • Collins Aerospace
    • Moog Inc.
    • Parker Hannifin Corp
    • Woodward Inc.
    • Liebherr Group
    • Honeywell Aerospace
    • TransDigm Group
    • Safran S.A.

    Recent Market JVs and Acquisitions: An inorganic growth strategy remains preferred in the market. Several crucial M&As led to several changes in the competitive landscape.

    • In 2022, Parker Hannifin Corp acquired Meggitt PLC for US$ 7.8 Billion. The acquisition increases Parker Hannifin Corp’s aerospace business with complementary technologies. It also added to the company’s portfolio transformation into longer-cycle, more resilient businesses.
    • In 2020, Moog Inc. acquired Genesys AeroSystems Group, Inc. for a purchase price of approximately US$ 77.7 million. With this acquisition, Moog, Inc. adds AeroSystems Group, Inc.’s electronic flight instrument and autopilot solutions into its aircraft controls segment, enhancing its product portfolio.
    • In 2019, Parker Hannifin Corp. acquired Lord Corporation for US$ 3.675 billion. The acquisition expanded Parker Hannifin Corp.’s portfolio of materials science capabilities, electrification, and aerospace product offerings that are highly complementary.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace flight control systems market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner 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 8 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 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 Aerospace Flight Control Systems 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?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    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 requirements?

    10% free customization

    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.

    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.

    Frequently Asked Questions (FAQ)

    The aerospace flight control systems are a crucial component of the aircraft that manages the flight dynamics and controls the movement of an aircraft during flight. It uses sensors, computers, and actuators to interpret data and provides control signals to the aircraft's control surfaces, such as the rudder, ailerons, and elevators. Flight control systems are responsible for various critical functions during flight, including stabilizing the aircraft, maintaining its altitude, and heading, and controlling its speed. Flight control actuators, flight control electronics, cockpit control panels, and pilot control are the components of aerospace flight control systems.

    The aerospace flight control systems market was estimated at USD 7.1 billion in 2022.

    The aerospace flight control systems market is likely to reach USD 11.2 billion in 2028.

    The aerospace flight control systems market is likely to grow at a CAGR of 4.7% during 2023-2028.

    Collins Aerospace, Moog Inc., Parker Hannifin Corp., Woodward Inc., Liebherr, Honeywell Aerospace, TransDigm Group, and Safran S.A. are the leading players in the market.

    North America occupied a share of more than 45% in 2022 and is anticipated to maintain its dominance in the market.

    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 dominated the segment with a share of more than 60% in 2022 and are expected to remain the dominant as well as the fastest-growing component type in the market during the forecast period.

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