The Aircraft Flight Control System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Flight Control System Global Market Report 2024, The aircraft flight control system market size has grown strongly in recent years. It will grow from $15.28 billion in 2023 to $16.44 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing air travel demand, military modernization programs, safety regulations and standards, aircraft upgrades and retrofits, commercial aircraft deliveries, global expansion of air cargo..
The aircraft flight control system market size is expected to see strong growth in the next few years. It will grow to $21.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to next-generation aircraft programs, global air travel recovery, green aviation initiatives, expansion of airborne connectivity, focus on pilot assistance systems, market competition and innovation.. Major trends in the forecast period include fly-by-wire (fbw) systems, integration of advanced technologies, electric actuation systems, lighter materials and components, digitalization and connectivity, reliability and redundancy..
The rise in air travel across the globe is expected to propel the growth of the aircraft flight control system market going forward. Air travel refers to the process of boarding an aircraft for the purpose of travelling from one location to another by any flying object. Aircraft flight control systems aid in the control of an aircraft during take-off and landing, improve flight reliability and safety, and minimize pilot effort, all of which lead to an increase in the overall functioning and safety of the aircraft while in flight. For instance, in May 2022, according to a report published by the International Civil Aviation Organization, a Canada-based specialized agency of the United Nations, between January and April 2022, there were 65% more air travelers than there were during the same time in 2021, and there were 30% more aircraft departures. Furthermore, according to the International Air Transport Association (IATA), a Canada-based trade association of the world’s airlines, overall air travelers’ numbers to reach 4.0 billion in 2024, exceeding pre-COVID-19 levels, 103% of the 2019 total. Therefore, the rise in air travel across the globe is driving the aircraft flight control system market.
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The aircraft flight control system market covered in this report is segmented –
1) By Type: Commercial Fixed Wing Flight Control System, Military Fixed Flight Control System, Military UAV Flight Control System, Rotary Wing Flight Control System
2) By Technology: Fly by Wire, Power by Wire, Hydromechanical Systems, Digital Fly by Wire
3) By Component: Cockpit Controls, Flight Control Computers, Aircraft Actuators, Other Components
4) By Application: Business Aviation, Commercial Aviation, Military Aviation, Other Applications
5) By End User: Linefit, Retrofit
Advancements in fly-by-wire technology are the key trend gaining popularity in the aircraft flight control system market. Major companies operating in the aircraft flight control system market are developing fly-by-wire technologies that offer more safety, advanced features, effective control of highly controllable aircraft, and are more compact to sustain their position in the aircraft flight control system market. For instance, in October 2022, BAE Systems, a UK-based aerospace company, and Supernal, a US-based aerospace company, announced an agreement to design and develop the flight control computer for Supernal’s electric Vertical Takeoff and Landing (eVTOL) vehicle. BAE Systems and Supernal collaborate to establish the architecture of a lightweight, fly-by-wire system for its autonomous-capable aircraft. During flight, the aircraft is controlled safely and effectively using fly-by-wire management.
The aircraft flight control system market report table of contents includes:
- Executive Summary
- Aircraft Flight Control System Market Characteristics
- Aircraft Flight Control System Market Trends And Strategies
- Aircraft Flight Control System Market – Macro Economic Scenario
- Global Aircraft Flight Control System Market Size and Growth
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- Global Aircraft Flight Control System Market Competitive Benchmarking
- Global Aircraft Flight Control System Market Competitive Dashboard
- Key Mergers And Acquisitions In The Aircraft Flight Control System Market
- Aircraft Flight Control System Market Future Outlook and Potential Analysis
- Appendix
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