Aircraft Flight Control Systems: Worldwide Markets to 2023 - Increasing Aircraft Orders as a Result of the Rise in Air Passenger Traffic Across the Globe - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 3, 2018--The “Aircraft Flight Control System Market by Component (Cockpit Controls, Primary FCC, Secondary FCC, Actuators, Standby Attitude and Air Data Reference Unit), Type, Technology, End User (Linefit, Retrofit), Platform & Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The aircraft flight control system market is projected to grow from an estimated USD 11.5 Billion in 2018 to USD 13.67 Billion by 2023, at a CAGR of 3.52% during the forecast period.
This growth can be attributed to the increasing aircraft orders as a result of the rise in air passenger traffic across the globe. The growth in passenger traffic is resulting in increased flight hours of aircraft, which is leading to an increase in aircraft demand.
Upgradation of old AFCS systems is a key factor driving the demand for aircraft flight control systems from the Maintenance, Repair and Overhaul (MRO) companies.
The existing backlogs of aircraft deliveries act as a restraint in the growth of the aircraft flight control system market. The limited manufacturing capacity of major aircraft manufacturing companies has resulted in a large backlog of aircraft deliveries.
Major companies profiled in the report include Parker Hannifin Corporation (US), Honeywell (US), and Moog (US), among others.
Segment HighlightsBased on platform, the fixed wing segment is expected to grow at a higher CAGR. Based on type, the military UAV flight control system segment is expected to be the fastest-growing segment. Based on technology, the fly by wire segment is expected to grow at the highest CAGR during the forecast period. Based on end user, the linefit segment is expected to grow at a higher CAGR during the forecast period.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Flight Control System Market, By Type
8 Aircraft Flight Control System Market, By Component
9 Aircraft Flight Control System Market, By Technology
10 Aircraft Flight Control System Market, By End User
11 Regional Analysis
12 Competitive Landscape
13 Company ProfilesBae Systems General Atomics Honeywell International Liebherr Lockheed Martin Moog Parker Hannifin Rockwell Collins Saab Safran United Technologies Woodward
For more information about this report visit https://www.researchandmarkets.com/research/gjjnxc/aircraft_flight?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005381/en/
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SOURCE: Research and Markets
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PUB: 10/03/2018 06:13 AM/DISC: 10/03/2018 06:13 AM