The global aircraft flight control system market 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 expansion observed in the historical period can be attributed to the rising demand for air travel, ongoing military modernization programs, adherence to safety regulations and standards, aircraft upgrades and retrofits, increased deliveries of commercial aircraft, and the global expansion of air cargo operations.
The global aircraft flight control system market 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 anticipated growth in the forecast period can be attributed to factors such as next-generation aircraft programs, the recovery of global air travel, initiatives promoting green aviation, the expansion of airborne connectivity, a focus on pilot assistance systems, market competition, and a commitment to innovation. Key trends expected in the forecast period include the widespread adoption of fly-by-wire (FBW) systems, the integration of advanced technologies, the utilization of electric actuation systems, the incorporation of lighter materials and components, a push towards digitalization and enhanced connectivity, and an emphasis on reliability and redundancy.
The surge in global air travel is anticipated to drive the expansion of the aircraft flight control system market in the foreseeable future. Air travel denotes the process of journeying from one place to another using aerial transportation means. Aircraft flight control systems play a pivotal role in managing an aircraft during take-off and landing, thereby enhancing flight reliability, safety, and pilot workload reduction, leading to improved overall aircraft performance during flight. In May 2022, the International Civil Aviation Organization's report revealed a 65% increase in air travelers and a 30% rise in aircraft departures between January and April 2022 compared to the corresponding period in 2021. Additionally, the International Air Transport Association (IATA) projected a surge in air travelers to reach 4.0 billion in 2024, surpassing pre-pandemic levels by 103%. Hence, the global rise in air travel is a significant driver for the aircraft flight control system market.
The escalating defense budgets worldwide are anticipated to fuel the growth of the aircraft flight control system market moving forward. Defense budgets represent the financial allotment by governments for military activities and defense-related expenditures. Aircraft flight control systems utilized in defense operations offer multiple advantages such as cost-effectiveness, increased operational efficiency, and enhanced capabilities for military aircraft, leading to improved mission success rates and potential life-saving implications. SIPRI's April 2023 report highlighted a 3.7% real-term increase in global military spending, reaching a record high of $2240 billion in 2022. Notably, China's military expenditure exhibited continual growth for the 26th consecutive year. Thus, the escalating defense budgets worldwide are instrumental in driving the aircraft flight control system market.
Technological advancements in fly-by-wire technology are a prevailing trend in the aircraft flight control system market. Major industry players are engaged in developing fly-by-wire technologies that offer heightened safety measures, advanced functionalities, efficient control of highly maneuverable aircraft, and compactness to fortify their foothold in the aircraft flight control system market. For instance, in October 2022, BAE Systems, a UK-based aerospace firm, entered into an agreement with Supernal, a US-based aerospace company, to jointly design and develop the flight control computer for Supernal’s electric Vertical Takeoff and Landing (eVTOL) vehicle. This collaboration aims to establish a lightweight, fly-by-wire system architecture for autonomous-capable aircraft, ensuring secure and efficient aircraft control during flight operations.
Key players in the aircraft flight control system market are placing emphasis on novel products integrating advanced computing power to boost their market revenues. Advanced computing power within these systems pertains to sophisticated and high-capacity computational capabilities used to enhance aviation safety, automation, and navigation functionalities. For instance, in July 2021, Collins Aerospace Systems, a US-based aerospace and defense technology company, introduced Perigon. This revolutionary computing solution for flight control and vehicle management caters to forthcoming needs across diverse applications. Perigon stands out due to its robust computational prowess, adaptable open-system architecture, and flexible configuration, aligning with future requirements in flight control and vehicle management.
In May 2022, Joby Aviation, a US-based venture-backed aviation enterprise, acquired Avionyx for an undisclosed sum. This acquisition stands to significantly contribute to Joby's certification process for its electric vertical take-off and landing (eVTOL) aircraft. Avionyx, based in the US, specializes in providing software engineering services specifically tailored for safety-critical avionics systems prevalent in the aircraft flight control system market.
Major companies operating in the aircraft flight control system market report are Honeywell International Inc., Moog Inc., Safran S.A., Collins Aerospace, BAE Systems PLC, Saab AB, Parker Hannifin Corporation, Raytheon Technologies Corporation, Liebherr Group, General Atomics, Lockheed Martin Corporation, Nabtesco Corporation, Woodward Inc., Curtiss-Wright Corporation, General Dynamics Mission Systems Inc., Heroux-Devtek Inc., Meggitt PLC, Northrop Grumman Corporation, Thales Group, Astronics Corporation, Crane Co., Eaton Corporation PLC, LORD Corporation, HAL Aerospace Division, Technodinamika Holding, MicroNav Limited, Sierra Nevada Corporation, Ultra Electronics Holdings PLC, Rabotti S.p.A., Wichita Aircraft Systems LLC, ShinMaywa Industries Ltd.
North America was the largest region in the aircraft flight control system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aircraft flight control system market report forecast period. The regions covered in the aircraft flight control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft flight control system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of aircraft flight control systems include commercial fixed-wing flight control systems, military fixed flight control systems, military UAV flight control systems, and rotary wing flight control systems. Commercial fixed-wing flight control systems involve movable or hinged surfaces that regulate the aircraft's attitude during take-off, flight, and landing. Various technologies are employed, such as fly-by-wire, power-by-wire, hydromechanical systems, and digital fly-by-wire. These systems incorporate components like cockpit controls, flight control computers, aircraft actuators, and other elements, catering to applications in business aviation, commercial aviation, military aviation, and other sectors. End users encompass both line-fit and retrofit installations.
This report provides aircraft flight control systems market statistics, including aircraft flight control system industry global market size, regional shares, competitors with aircraft flight control systems market share, detailed aircraft flight control system market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft flight control system industry. This aircraft flight control system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aircraft flight control system market includes revenues earned by entities by providing communications facility, navigation, collision avoidance, and weather forecasting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global aircraft flight control system market 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 anticipated growth in the forecast period can be attributed to factors such as next-generation aircraft programs, the recovery of global air travel, initiatives promoting green aviation, the expansion of airborne connectivity, a focus on pilot assistance systems, market competition, and a commitment to innovation. Key trends expected in the forecast period include the widespread adoption of fly-by-wire (FBW) systems, the integration of advanced technologies, the utilization of electric actuation systems, the incorporation of lighter materials and components, a push towards digitalization and enhanced connectivity, and an emphasis on reliability and redundancy.
The surge in global air travel is anticipated to drive the expansion of the aircraft flight control system market in the foreseeable future. Air travel denotes the process of journeying from one place to another using aerial transportation means. Aircraft flight control systems play a pivotal role in managing an aircraft during take-off and landing, thereby enhancing flight reliability, safety, and pilot workload reduction, leading to improved overall aircraft performance during flight. In May 2022, the International Civil Aviation Organization's report revealed a 65% increase in air travelers and a 30% rise in aircraft departures between January and April 2022 compared to the corresponding period in 2021. Additionally, the International Air Transport Association (IATA) projected a surge in air travelers to reach 4.0 billion in 2024, surpassing pre-pandemic levels by 103%. Hence, the global rise in air travel is a significant driver for the aircraft flight control system market.
The escalating defense budgets worldwide are anticipated to fuel the growth of the aircraft flight control system market moving forward. Defense budgets represent the financial allotment by governments for military activities and defense-related expenditures. Aircraft flight control systems utilized in defense operations offer multiple advantages such as cost-effectiveness, increased operational efficiency, and enhanced capabilities for military aircraft, leading to improved mission success rates and potential life-saving implications. SIPRI's April 2023 report highlighted a 3.7% real-term increase in global military spending, reaching a record high of $2240 billion in 2022. Notably, China's military expenditure exhibited continual growth for the 26th consecutive year. Thus, the escalating defense budgets worldwide are instrumental in driving the aircraft flight control system market.
Technological advancements in fly-by-wire technology are a prevailing trend in the aircraft flight control system market. Major industry players are engaged in developing fly-by-wire technologies that offer heightened safety measures, advanced functionalities, efficient control of highly maneuverable aircraft, and compactness to fortify their foothold in the aircraft flight control system market. For instance, in October 2022, BAE Systems, a UK-based aerospace firm, entered into an agreement with Supernal, a US-based aerospace company, to jointly design and develop the flight control computer for Supernal’s electric Vertical Takeoff and Landing (eVTOL) vehicle. This collaboration aims to establish a lightweight, fly-by-wire system architecture for autonomous-capable aircraft, ensuring secure and efficient aircraft control during flight operations.
Key players in the aircraft flight control system market are placing emphasis on novel products integrating advanced computing power to boost their market revenues. Advanced computing power within these systems pertains to sophisticated and high-capacity computational capabilities used to enhance aviation safety, automation, and navigation functionalities. For instance, in July 2021, Collins Aerospace Systems, a US-based aerospace and defense technology company, introduced Perigon. This revolutionary computing solution for flight control and vehicle management caters to forthcoming needs across diverse applications. Perigon stands out due to its robust computational prowess, adaptable open-system architecture, and flexible configuration, aligning with future requirements in flight control and vehicle management.
In May 2022, Joby Aviation, a US-based venture-backed aviation enterprise, acquired Avionyx for an undisclosed sum. This acquisition stands to significantly contribute to Joby's certification process for its electric vertical take-off and landing (eVTOL) aircraft. Avionyx, based in the US, specializes in providing software engineering services specifically tailored for safety-critical avionics systems prevalent in the aircraft flight control system market.
Major companies operating in the aircraft flight control system market report are Honeywell International Inc., Moog Inc., Safran S.A., Collins Aerospace, BAE Systems PLC, Saab AB, Parker Hannifin Corporation, Raytheon Technologies Corporation, Liebherr Group, General Atomics, Lockheed Martin Corporation, Nabtesco Corporation, Woodward Inc., Curtiss-Wright Corporation, General Dynamics Mission Systems Inc., Heroux-Devtek Inc., Meggitt PLC, Northrop Grumman Corporation, Thales Group, Astronics Corporation, Crane Co., Eaton Corporation PLC, LORD Corporation, HAL Aerospace Division, Technodinamika Holding, MicroNav Limited, Sierra Nevada Corporation, Ultra Electronics Holdings PLC, Rabotti S.p.A., Wichita Aircraft Systems LLC, ShinMaywa Industries Ltd.
North America was the largest region in the aircraft flight control system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aircraft flight control system market report forecast period. The regions covered in the aircraft flight control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft flight control system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of aircraft flight control systems include commercial fixed-wing flight control systems, military fixed flight control systems, military UAV flight control systems, and rotary wing flight control systems. Commercial fixed-wing flight control systems involve movable or hinged surfaces that regulate the aircraft's attitude during take-off, flight, and landing. Various technologies are employed, such as fly-by-wire, power-by-wire, hydromechanical systems, and digital fly-by-wire. These systems incorporate components like cockpit controls, flight control computers, aircraft actuators, and other elements, catering to applications in business aviation, commercial aviation, military aviation, and other sectors. End users encompass both line-fit and retrofit installations.
This report provides aircraft flight control systems market statistics, including aircraft flight control system industry global market size, regional shares, competitors with aircraft flight control systems market share, detailed aircraft flight control system market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft flight control system industry. This aircraft flight control system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aircraft flight control system market includes revenues earned by entities by providing communications facility, navigation, collision avoidance, and weather forecasting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Aircraft Flight Control System Market Characteristics3. Aircraft Flight Control System Market Trends and Strategies31. Global Aircraft Flight Control System Market Competitive Benchmarking32. Global Aircraft Flight Control System Market Competitive Dashboard33. Key Mergers and Acquisitions in the Aircraft Flight Control System Market
4. Aircraft Flight Control System Market - Macro Economic Scenario
5. Global Aircraft Flight Control System Market Size and Growth
6. Aircraft Flight Control System Market Segmentation
7. Aircraft Flight Control System Market Regional and Country Analysis
8. Asia-Pacific Aircraft Flight Control System Market
9. China Aircraft Flight Control System Market
10. India Aircraft Flight Control System Market
11. Japan Aircraft Flight Control System Market
12. Australia Aircraft Flight Control System Market
13. Indonesia Aircraft Flight Control System Market
14. South Korea Aircraft Flight Control System Market
15. Western Europe Aircraft Flight Control System Market
16. UK Aircraft Flight Control System Market
17. Germany Aircraft Flight Control System Market
18. France Aircraft Flight Control System Market
19. Italy Aircraft Flight Control System Market
20. Spain Aircraft Flight Control System Market
21. Eastern Europe Aircraft Flight Control System Market
22. Russia Aircraft Flight Control System Market
23. North America Aircraft Flight Control System Market
24. USA Aircraft Flight Control System Market
25. Canada Aircraft Flight Control System Market
26. South America Aircraft Flight Control System Market
27. Brazil Aircraft Flight Control System Market
28. Middle East Aircraft Flight Control System Market
29. Africa Aircraft Flight Control System Market
30. Aircraft Flight Control System Market Competitive Landscape and Company Profiles
34. Aircraft Flight Control System Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aircraft flight control system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for aircraft flight control system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of covid 19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:
1) By Type: Commercial Fixed Wing Flight Control System; Military Fixed Flight Control System; Military UAV Flight Control System; Rotary Wing Flight Control System2) 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
Key Companies Mentioned: Honeywell International Inc.; Moog Inc.; Safran S.A.; Collins Aerospace; BAE Systems PLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Honeywell International Inc.
- Moog Inc.
- Safran S.A.
- Collins Aerospace
- BAE Systems PLC
- Saab AB
- Parker Hannifin Corporation
- Raytheon Technologies Corporation
- Liebherr Group
- General Atomics
- Lockheed Martin Corporation
- Nabtesco Corporation
- Woodward Inc.
- Curtiss-Wright Corporation
- General Dynamics Mission Systems Inc.
- Heroux-Devtek Inc.
- Meggitt PLC
- Northrop Grumman Corporation
- Thales Group
- Astronics Corporation
- Crane Co.
- Eaton Corporation PLC
- LORD Corporation
- HAL Aerospace Division
- Technodinamika Holding
- MicroNav Limited
- Sierra Nevada Corporation
- Ultra Electronics Holdings PLC
- Rabotti S.p.A.
- Wichita Aircraft Systems LLC
- ShinMaywa Industries Ltd.
Methodology
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