The aircraft flight control system market value is estimated to be USD 17.5 billion in 2024. The overall demand for aircraft flight control systems is predicted to grow at a moderate rate of 8.7% during the forecast period and is estimated to reach a value of nearly USD 40.2 billion by 2034.
Aviation technology is advancing fast in emerging economies and low-income group countries, driving the demand for aircraft flight control technologies. Also, with the aviation industry's constant technological advancements, aircraft flight control system manufacturers are compelled to develop and offer state-of-the-art flight maneuvering systems.
Aircraft Flight Control System Market Trends & Analysis
Report Attribute | Details |
---|---|
Aircraft Flight Control System Market Size (2024) | USD 17.5 billion |
Market Anticipated Forecast Value (2034) | USD 40.2 billion |
Market Projected Growth Rate (2024 to 2034) | 8.7% CAGR |
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The aircraft flight control system market was valued at USD 10.4 billion in 2019. The overall industry witnessed a severe blow during the years 2020 and 2021, and the average CAGR by 2023 was figured to be 11.2%. By the end of this historical period, the net worth of the market was USD 15.8 billion.
Passenger traffic on airplanes increased tremendously in the post-pandemic period and reinstated the sales numbers higher than in pre-pandemic years. The sales of the aerospace flight control system are likely to grow at this higher rate through the projected years with the further increase in passenger volume.
Attributes | Details |
---|---|
Aircraft Flight Control System Market Value (2019) | USD 10.4 billion |
Total Market Revenue (2023) | USD 15.8 billion |
Market Historical Growth Rate(CAGR 2019 to 2023) | 11.2% CAGR |
Innovative flight control solutions needed for the development of autonomous flying systems are in greater demand these days. Also, the growing demand for unmanned and autonomous aerial systems is anticipated to create new business potential for vendors in this developing sector.
AI integration in aviation for adaptive reactions is essential and is an emerging trend for the advanced drone flight controller system market. Automated flight control systems utilizing artificial intelligence (AI) for decision-making to improve aircraft capabilities and safety are expected to fuel the market growth.
The table below lists the countries with lucrative growth rates for sales of aircraft flight control systems during the forecast years.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
The United States | 9% |
Japan | 10.2% |
The United Kingdom | 10% |
South Korea | 11% |
China | 9.3% |
The United States aircraft flight control system market is likely to advance at a rate of 9% per year till 2034. The net value of this regional market is expected to reach USD 7.2 billion by 2034.
The market for aircraft flight control systems in the United Kingdom is anticipated to register a 10% CAGR through 2034. The market is forecast to reach a valuation of USD 1.6 billion by 2034.
The sales of aircraft flight control systems in China are poised to grow at a rate of 9.3% between 2024 and 2034. The overall market is likely to be USD 6.3 billion by 2034.
The aerospace flight control system market in Japan is projected to advance at a rate of 10.2% from 2024 to 2034. It is expected to be worth around USD 4.4 billion by 2034.
The aircraft flight control system industry of South Korea is anticipated to develop at a lucrative CAGR of 11% through the forecast years. By 2034, the net worth of this regional industry is projected to be USD 2.6 billion.
Based on aircraft type, the wide-body aircraft market segment creates significant demand for fly-by-wire systems in aviation technologies. Through the forecast years, this market segment is likely to expand at a CAGR of 8.5%.
Attributes | Details |
---|---|
Top Aircraft | Wide Body Aircraft |
Market Segment Growth Rate from 2024 to 2034 | 8.5% CAGR |
Market Segment Growth Rate from 2019 to 2023 | 11% CAGR |
Based on application type, the business aviation segment currently leads in the adoption of the in-flight autopilot system. The demand for aircraft flight control systems for this segment is expected to rise at a rate of 8.5% per year between 2024 and 2034.
Attributes | Details |
---|---|
Top Application | Business Aviation |
Market Segment Growth Rate from 2024 to 2034 | 8.5% CAGR |
Market Segment Growth Rate from 2019 to 2023 | 10.8% CAGR |
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The market for aircraft flight control systems is competitive for the established players due to a surge in collaboration with aerospace companies. Renowned players command a greater share by concentrating on creating flight control systems that increase safety features and reduce hazards. The sheer amount of capital and technological know-how limits the entry of new market players.
Recent Developments in the Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 17.5 billion |
Projected Market Size (2034) | USD 40.2 billion |
Anticipated Growth Rate (2024 to 2034) | 8.7% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America, Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Aircraft Type, By Application, By Technology, and By Region |
Key Companies Profiled | Liebherr-Aerospace Lindenberg GmbH; Rockwell Collins, Inc.; MOOG, Inc.; Safran Electronics and Defense; Nabtesco Corporation |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The aircraft flight control system market is estimated to be around USD 17.5 billion in 2024.
The demand for aircraft flight control systems is to grow at 8.7% during the forecast period.
The market is predicted to be valued at USD 40.2 billion by 2034.
The market for aircraft flight control systems was valued at USD 10.4 billion in 2019.
The United States accounts for an 18% revenue share of the market.
South Korea is to witness a CAGR of 11% in the adoption of aircraft flight control systems through 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Aircraft Type 5.1. Wide Body Aircraft 5.2. Narrow Body Aircraft 5.3. Regional Jets 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Business Aviation 6.2. Commercial Aviation 6.3. Military Aviation 6.4. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology 7.1. Fly-by-wire FCS 7.2. Mechanical FCS 7.3. Hydro-mechanical FCS 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Parker Hannifin India Pvt. Ltd 18.2. Safran Electronics & Defense 18.3. Honeywell International, Inc 18.4. MOOG, Inc 18.5. Liebherr-Aerospace Lindenberg GmbH 18.6. BAE Systems, Inc. 18.7. Rockwell Collins, Inc 18.8. Nabtesco Corporation 18.9. Weststar Aviation Services 18.10. UTC Aerospace Systems 19. Assumptions & Acronyms Used 20. Research Methodology
Industrial Automation
June 2022
REP-GB-703
250 pages
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